Direct Digital Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 28, 2025
DRCT$0.91-39.7%Stored close · as of Oct 2, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ (Deficit) Equity
(in thousands except share data)
| Common Stock · AccumulatedDeficit · NoncontrollingInterest · Stockholders’ (Deficit)Equity | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A · Class B | ||||||||||||||||||||
| Units · Amount · Units · Amount · APIC | ||||||||||||||||||||
| Balance, January 1, 2023 | 2,900,000 | $3 | 11,278,000 | $11 | $2,611 | $(344) | $3,314 | $5,595 | ||||||||||||
| Stock-based compensation | — | — | — | — | 706 | — | — | 706 | ||||||||||||
| Issuance related to vesting of restricted stock units, net of tax withholdings | 90,092 | — | — | — | — | — | — | — | ||||||||||||
| Warrants exercised | 70,801 | — | — | — | 122 | — | — | 122 | ||||||||||||
| Stock options exercised | 7,883 | — | — | — | 29 | — | — | 29 | ||||||||||||
| Conversion of Class B to Class A Common Stock | 410,000 | — | (410,000) | — | 145 | — | (145) | — | ||||||||||||
| Acquisition and redemption of warrants, including expenses and related items | — | — | — | — | (3,540) | — | — | (3,540) | ||||||||||||
| Additional paid-in capital related to tax receivable agreement | — | — | — | — | 250 | — | — | 250 | ||||||||||||
| Distributions to holders of LLC Units | — | — | — | — | — | — | (1,737) | (1,737) | ||||||||||||
| Net loss | — | — | — | — | — | (2,194) | (4,650) | (6,844) | ||||||||||||
| Noncontrolling interest rebalancing | — | — | — | — | 2,744 | — | (2,744) | — | ||||||||||||
| Balance, December 31, 2023 | 3,478,776 | $3 | 10,868,000 | $11 | $3,067 | $(2,538) | $(5,962) | $(5,419) | ||||||||||||
| Stock-based compensation | — | — | — | — | 1,552 | — | — | 1,552 | ||||||||||||
| Issuance related to vesting of restricted stock units, net of tax withholdings | 207,681 | 1 | — | — | (328) | — | — | (327) | ||||||||||||
| Warrants exercised | 39,101 | — | — | — | 215 | — | — | 215 | ||||||||||||
| Stock options exercised | 12,557 | — | — | — | 92 | — | — | 92 | ||||||||||||
| Issuance of stock in lieu of cash bonus, net of tax withholdings | 69,677 | — | — | — | 906 | — | — | 906 | ||||||||||||
| Commitment shares issued in connection with the Equity Reserve Facility | 62,762 | — | — | — | 150 | — | — | 150 | ||||||||||||
| Issuance pursuant to the Equity Reserve Facility | 1,580,000 | 2 | — | — | 3,006 | — | — | 3,008 | ||||||||||||
| Net loss | — | — | — | — | — | (6,236) | (13,671) | (19,907) | ||||||||||||
| Noncontrolling interest rebalancing | — | — | — | — | (4,891) | — | 4,891 | — | ||||||||||||
| Balance, December 31, 2024 | 5,450,554 | $6 | 10,868,000 | $11 | $3,769 | $(8,774) | $(14,742) | $(19,730) | ||||||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.