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Nasdaq · Communication Services

Direct Digital Holdings, Inc. (DRCT)

As-reported financials and SEC filings for Direct Digital Holdings, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Direct Digital Holdings, Inc.

Direct Digital Holdings, Inc. operates as a full-service advertising and marketing platform offering technology-driven solutions for digital advertising. Its sell-side business, Colossus Media, provides a programmatic platform that automates the sale of ad inventory for publishers across web, mobile, and connected TV channels. The buy-side business, Orange 142, delivers technology-enabled advertising services and consulting to small and mid-sized businesses across various industries, helping them optimize digital media campaigns through multiple demand side platforms.

Snapshot

Revenue
$34.7M
Revenue growth (YoY)
-44.3%
Net income
$-18.9M
Diluted EPS
$-75.79
Gross margin
30.0%
Operating margin
-42.5%
Net margin
-54.6%
FCF margin
ROE
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$1.6M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Direct Digital Holdings

  • Revenue fell 44.3% to $35M in FY2025, after a 60.4% decline the year before.
  • Operating margin is now a 42.5% loss in FY2025, from 11.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $8M, down 22.8% from Q2 FY2025.
  • Net loss widened to $19M in FY2025, from $6M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Direct Digital Holdings’s fundamentals sit among the 216 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin30.0%
25th percentile of 105
Operating margin-42.5%
11th percentile of 185
Net margin-54.6%
7th percentile of 191
Revenue growth (YoY)-44.3%
2nd percentile of 209
Short interest1.00d
1st percentile of 216

Direct Digital Holdings’s revenue growth of -44.3% ranks in the 2nd percentile of the 209 Communication Services companies reporting it. Direct Digital Holdings’s net margin of -54.6% ranks in the 7th percentile of the 191 Communication Services companies reporting it. Direct Digital Holdings’s operating margin of -42.5% ranks in the 11th percentile of the 185 Communication Services companies reporting it.

No reported insider purchases (code P) in the last 90 days; 7 insider sales totaling $4,677. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
7
$5K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-12
filed 2026-06-29
Walker Mark DChairman and CEOSell1.4K$2.80$4K
2026-06-12
filed 2026-06-29
Cohen RichardDirectorSell25$2.91$73
2026-06-12
filed 2026-06-29
Locke MistelleDirectorSell25$2.91$73
2026-06-12
filed 2026-06-29
Leatherberry Antoinette ReneeDirectorSell23$2.91$67
2026-06-09
filed 2026-06-29
Cohen RichardDirectorSell76$2.96$225
2026-06-09
filed 2026-06-29
Locke MistelleDirectorSell76$2.96$225
2026-06-09
filed 2026-06-29
Leatherberry Antoinette ReneeDirectorSell67$2.96$198
2026-01-16
filed 2026-06-29
Locke MistelleDirectorSell31$6.51$202

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
11.7K
settled 2026-08-14
Change vs prior
-8.5%
vs previous settlement
Days to cover
1.00
at avg daily volume
Avg daily volume
17.0K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1411.7K-8.5%1.00
2026-07-3112.8K+26.7%1.00
2026-07-1510.1K-46.9%1.00
2026-06-3019.0K-58.0%1.00
2026-06-1545.3K+337.7%1.00
2026-05-2910.4K-44.0%1.00
2026-05-1518.5K-91.4%1.00
2026-04-30215.1K+648.5%1.00

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$34.7M$62.3M$157.1M$89.4M$38.1M
Gross profit$10.4M$17.4M$37.6M$29.3M$18.4M
Operating income$-14.8M$-13.2M$-2.2M$8.0M$4.4M
Net income$-18.9M$-6.2M$-2.2M$205,000$-1.5M
Diluted EPS$-75.79$-91.26$-32.12$4.84$-1939.96

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$728,000$1.4M$5.1M$4.0M$4.7M
Current assets$4.7M$8.5M$43.1M$31.3M$13.8M
Total assets$20.2M$26.0M$68.9M$58.1M$36.0M
Current liabilities$26.4M$13.3M$39.8M$24.6M$9.7M
Long-term debt$146,000$31.6M$28.6M$23.1M
Total liabilities$27.2M$45.7M$74.4M$52.5M$36.4M
Total equity$-7.0M$-19.7M$-5.4M$5.6M$-374,856

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-8.9M$-8.6M$2.6M$2.1M$3.8M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$7.8M-22.8%$-3.4M$-5.78
Q1 FY2026$6.7M-18.1%$-5.3M$-10.32
Q4 FY2025$8.4M-7.4%$-11.7M
Q3 FY2025$8.0M-12.0%$-2.7M
Q2 FY2025$10.1M-53.6%$-2.2M
Q1 FY2025$8.2M-63.4%$-2.4M
Q4 FY2024$9.1M-77.9%$-2.2M
Q3 FY2024$9.1M-84.7%$-2.7M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorCommunication Services
SIC industryServices-Advertising
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2021
SEC CIK1880613

Selected SEC filings

10-K2026-03-31
View on EDGAR →
10-Q2026-08-14
View on EDGAR →
10-Q2026-05-15
View on EDGAR →
8-K2026-08-28
View on EDGAR →
8-K2026-08-21
View on EDGAR →
8-K2026-08-12
View on EDGAR →
8-K2026-07-31
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.