Direct Digital Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
View on SEC.govAbout 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.
FY2025 · Filed Mar 31, 2026
DRCT$0.91-39.7%Stored close · as of Oct 2, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Deficit
(in thousands except share data)
| Preferred Stock · Common Stock · AccumulatedDeficit · NoncontrollingInterest · Stockholders’ (Deficit) | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Convertible · Class A · Class B | |||||||||||||||||||||||||||
| Units · Amount · Units · Amount · Units · Amount · APIC | |||||||||||||||||||||||||||
| Balance, January 1, 2024 | — | $— | 63,250 | $— | 197,600 | $— | $3,081 | $(2,538) | $(5,962) | $(5,419) | |||||||||||||||||
| Stock-based compensation | — | — | — | — | — | — | 1,552 | — | — | 1,552 | |||||||||||||||||
| Issuance related to vesting of restricted stock units, net of tax withholdings | — | — | 3,776 | — | — | — | (327) | — | — | (327) | |||||||||||||||||
| Warrants exercised | — | — | 711 | — | — | — | 215 | — | — | 215 | |||||||||||||||||
| Stock options exercised | — | — | 228 | — | — | — | 92 | — | — | 92 | |||||||||||||||||
| Issuance of stock in lieu of cash bonus, net of tax withholdings | — | — | 1,267 | — | — | — | 906 | — | — | 906 | |||||||||||||||||
| Commitment shares issued in connection with the Equity Reserve Facility | — | — | 1,141 | — | — | — | 150 | — | — | 150 | |||||||||||||||||
| Issuance pursuant to the Equity Reserve Facility | — | — | 28,727 | — | — | — | 3,008 | — | — | 3,008 | |||||||||||||||||
| Net loss | — | — | — | — | — | — | — | (6,236) | (13,671) | (19,907) | |||||||||||||||||
| Noncontrolling interest rebalancing | — | — | — | — | — | — | (4,891) | — | 4,891 | — | |||||||||||||||||
| Balance, December 31, 2024 | — | $— | 99,100 | $— | 197,600 | $— | $3,786 | $(8,774) | $(14,742) | $(19,730) | |||||||||||||||||
| Stock-based compensation | — | — | — | — | — | — | 1,470 | — | — | 1,470 | |||||||||||||||||
| Issuance related to vesting of restricted stock units, net of tax withholdings | — | — | 4,282 | — | — | — | — | — | — | — | |||||||||||||||||
| Issuance pursuant to the Equity Reserve Facility | — | — | 433,806 | — | — | — | 7,316 | — | — | 7,316 | |||||||||||||||||
| Exchange of Class B to Class A Common Stock | — | — | 28,955 | — | (28,955) | — | (1,955) | — | 1,955 | — | |||||||||||||||||
| Issuance of Series A Convertible Preferred Shares | 35,000 | — | — | — | — | — | 30,748 | — | — | 30,748 | |||||||||||||||||
| Exchange of Series A Convertible Preferred Shares for Class A Common Stock | (7,923) | — | 545,455 | 1 | — | — | (1) | — | — | — | |||||||||||||||||
| Commitment shares issued in connection with the Equity Reserve Facility | — | — | 1,817 | — | — | — | 10 | — | — | 10 | |||||||||||||||||
| Settlement of accounts payable through issuance of common stock including commitment shares | — | — | 210,892 | — | — | — | 941 | — | — | 941 | |||||||||||||||||
| Preferred dividends accrued | — | — | — | — | — | — | (55) | — | — | (55) | |||||||||||||||||
| Net loss | — | — | — | — | — | — | — | (18,946) | (8,777) | (27,723) | |||||||||||||||||
| Noncontrolling interest rebalancing | — | — | — | — | — | — | (16,449) | — | 16,449 | — | |||||||||||||||||
| Balance, December 31, 2025 | 27,077 | $— | 1,324,307 | $1 | 168,645 | $— | $25,811 | $(27,720) | $(5,115) | $(7,023) | |||||||||||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.