Direct Digital Holdings, Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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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, 2026 · Filed May 15, 2026
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, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows Used In Operating Activities: | ||
| Net loss | $(5,571) | $(5,940) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization of deferred financing cost and debt discount (premium), net | 18 | 1,818 |
| Amortization of intangible assets | 414 | 488 |
| Reduction in carrying amount of right-of-use assets | 47 | 46 |
| Depreciation and amortization of property, equipment and software | 33 | 68 |
| Stock-based compensation | 183 | 316 |
| Loss on settlement of accounts payable | 1,247 | — |
| Loss on debt extinguishment | 517 | — |
| Interest paid in kind | 542 | — |
| Expenses for Equity Reserve Facility | — | 198 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 344 | 582 |
| Prepaid expenses and other assets | 127 | 69 |
| Accounts payable | 1,114 | (633) |
| Accrued liabilities and tax receivable agreement payable | (275) | 254 |
| Income taxes payable | — | 19 |
| Deferred revenues | 263 | 51 |
| Operating lease liability | (53) | (44) |
| Net cash used in operating activities | (1,050) | (2,708) |
| 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: | ||
| Payment of expenses for Equity Reserve Facility | — | (198) |
| Proceeds from issuance of Class A Common Stock | 1,119 | 3,311 |
| Payment of deferred financing cost | — | (46) |
| Payments on loans | (1) | — |
| Net cash provided by financing activities | 1,118 | 3,067 |
| Net increase in cash and cash equivalents | 68 | 344 |
| Cash and cash equivalents, beginning of the period | 728 | 1,445 |
| Cash and cash equivalents, end of the period | $796 | $1,789 |
| Non-cash Financing Activities: | ||
| Reclassification of Exit Fee from accrued liabilities to debt | $3,608 | $— |
| Settlement of accounts payable through issuance of common stock | $2,028 | $— |
| Accrued dividends | $457 | $— |
| Common stock issued for subscription receivable | $— | $90 |
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