Direct Digital Holdings, Inc.

For the period ended Dec 31, 2024. Filed Mar 28, 2025.

About 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

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Contents

Consolidated Statements of Operations

(in thousands, except per-share data)

	For the Year Ended December 31,
	2024	2023
Revenues
Sell-side advertising	$35,660	$122,434
Buy-side advertising	26,628	34,676
Total revenues	62,288	157,110
Cost of revenues
Sell-side advertising	34,063	105,733
Buy-side advertising	10,834	13,803
Total cost of revenues	44,897	119,536
Gross profit	17,391	37,574
Operating expenses
Compensation, taxes and benefits	16,402	17,730
General and administrative	14,222	13,199
Other expense	—	8,830
Total operating expenses	30,624	39,759
Loss from operations	(13,233)	(2,185)
Other income (expense)
Other income	199	256
Revaluation of tax receivable agreement liability	—	331
Loss on early termination of line of credit	—	(300)
Derecognition of tax receivable agreement liability	5,201	—
Commitment shares and expenses for Equity Reserve Facility	(532)	—
Interest expense	(5,410)	(4,378)
Total other expense, net	(542)	(4,091)
Loss before income taxes	(13,775)	(6,276)
Income tax expense	6,132	568
Net loss	$(19,907)	$(6,844)
Net loss attributable to noncontrolling interest	(13,671)	(4,650)
Net loss attributable to Direct Digital Holdings, Inc.	$(6,236)	$(2,194)
Net loss per common share attributable to Direct Digital Holdings, Inc.:
Basic	$(1.66)	$(0.73)
Diluted	$(1.66)	$(0.73)
Weighted-average number of shares of common stock outstanding:
Basic	3,758	2,988
Diluted	3,758	2,988

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.