Direct Digital Holdings, Inc.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
DRCT$0.91-39.7%Stored close · as of Oct 2, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows Used In Operating Activities: | ||
| Net loss | $(5,940) | $(3,819) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization of deferred financing cost and debt discount | 1,818 | 186 |
| Amortization of intangible assets | 488 | 488 |
| Reduction in carrying amount of right-of-use assets | 46 | 37 |
| Depreciation and amortization of property, equipment and software | 68 | 71 |
| Stock-based compensation | 316 | 504 |
| Deferred income taxes | — | (200) |
| Expenses for Equity Reserve Facility | 198 | — |
| Provision for credit losses/bad debt expense | — | (11) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 582 | 15,783 |
| Prepaid expenses and other assets | 69 | (89) |
| Accounts payable | (633) | (18,062) |
| Accrued liabilities and tax receivable agreement payable | 254 | (748) |
| Income taxes payable | 19 | — |
| Deferred revenues | 51 | 176 |
| Operating lease liability | (44) | (20) |
| Net cash used in operating activities | (2,708) | (5,704) |
| Cash Flows Used In Investing Activities: | ||
| Cash paid for capitalized software and property and equipment | (15) | — |
| Net cash used in investing activities | (15) | — |
| Cash Flows Provided by Financing Activities: | ||
| Payments on term loan | — | (372) |
| Proceeds from line of credit | — | 4,000 |
| Payment of expenses for Equity Reserve Facility | (198) | — |
| Proceeds from issuance of Class A Common Stock | 3,311 | — |
| Payment of deferred financing cost | (46) | — |
| Proceeds from options exercised | — | 79 |
| Proceeds from warrants exercised | — | 215 |
| Net cash provided by financing activities | 3,067 | 3,922 |
| Net increase (decrease) in cash and cash equivalents | 344 | (1,782) |
| Cash and cash equivalents, beginning of the period | 1,445 | 5,116 |
| Cash and cash equivalents, end of the period | $1,789 | $3,334 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for taxes | $19 | $28 |
| Cash paid for interest | $92 | $1,078 |
| Non-cash Financing Activities: | ||
| Common stock issued for subscription receivable | $90 | $— |
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