Direct Digital Holdings, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 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.
Jun 30, 2025 · Filed Aug 6, 2025
DRCT$0.91-39.7%Stored close · as of Oct 2, 2026
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows Used In Operating Activities: | ||
| Net loss | $(10,136) | $(6,961) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization of deferred financing cost and debt discount | 2,900 | 372 |
| Amortization of intangible assets | 977 | 977 |
| Reduction in carrying amount of right-of-use assets | 90 | 76 |
| Depreciation and amortization of property, equipment and software | 145 | 137 |
| Stock-based compensation | 705 | 662 |
| Deferred income taxes | — | (475) |
| Expenses for Equity Reserve Facility | 198 | — |
| Provision for credit losses/bad debt expense | — | (13) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,082 | 17,704 |
| Prepaid expenses and other assets | (842) | (130) |
| Accounts payable | (1,491) | (21,554) |
| Accrued liabilities and tax receivable agreement payable | 962 | (1,226) |
| Income taxes payable | 41 | 10 |
| Deferred revenues | 63 | 350 |
| Operating lease liability | (92) | (40) |
| Net cash used in operating activities | (5,398) | (10,111) |
| Cash Flows Used In Investing Activities: | ||
| Cash paid for capitalized software and property and equipment | (38) | (10) |
| Net cash used in investing activities | (38) | (10) |
| Cash Flows Provided by Financing Activities: | ||
| Payments on term loan | — | (372) |
| Proceeds from line of credit | — | 6,700 |
| Payments on shares withheld for taxes | — | (551) |
| Payment of expenses for Equity Reserve Facility | (198) | — |
| Proceeds from issuance of Class A Common Stock | 5,942 | — |
| Payment of deferred financing cost | (46) | — |
| Payments on financed insurance premiums | (114) | — |
| Proceeds from options exercised | — | 82 |
| Proceeds from warrants exercised | — | 215 |
| Net cash provided by financing activities | 5,584 | 6,074 |
| Net increase (decrease) in cash and cash equivalents | 148 | (4,047) |
| Cash and cash equivalents, beginning of the period | 1,445 | 5,116 |
| Cash and cash equivalents, end of the period | $1,593 | $1,069 |
| Non-cash Financing Activities: | ||
| Financed insurance premiums | $291 | $— |
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