Direct Digital Holdings, Inc.

For the period ended Mar 31, 2025. Filed May 7, 2025.

About this filing

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

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Contents

Condensed Consolidated Statements of Operations for the and

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per-share data)

	Three Months Ended March 31,
	2025	2024
Revenues
Sell-side advertising	$2,028	$16,500
Buy-side advertising	6,129	5,775
Total revenues	8,157	22,275
Cost of revenues
Sell-side advertising	2,638	14,807
Buy-side advertising	3,126	2,470
Total cost of revenues	5,764	17,277
Gross profit	2,393	4,998
Operating expenses
Compensation, taxes and benefits	3,664	4,524
General and administrative	2,653	3,281
Total operating expenses	6,317	7,805
Loss from operations	(3,924)	(2,807)
Other income (expense)
Other income	28	85
Expenses for Equity Reserve Facility	(198)	—
Interest expense	(1,846)	(1,297)
Total other expense, net	(2,016)	(1,212)
Loss before income taxes	(5,940)	(4,019)
Income tax benefit	—	(200)
Net loss	(5,940)	(3,819)
Net loss attributable to noncontrolling interest	(3,585)	(3,044)
Net loss attributable to Direct Digital Holdings, Inc.	$(2,355)	$(775)
Net loss per common share attributable to Direct Digital Holdings, Inc.:
Basic	$(0.35)	$(0.22)
Diluted	$(0.35)	$(0.22)
Weighted-average number of shares of common stock outstanding:
Basic	6,710	3,509
Diluted	6,710	3,509

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.