DRCT
DRCTCIK 0001880613
Micro
Revenue $35M
Assets $19M
as of Oct 11, 2026
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8-K
Filed Oct 2, 2026
· Period ending Oct 1, 2026
Summary not yet generated.
8-K
Filed Oct 1, 2026
· Period ending Sep 25, 2026
Summary not yet generated.
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8-K
Filed Aug 28, 2026
· Period ending Aug 26, 2026
Summary not yet generated.
8-K
Filed Aug 21, 2026
· Period ending Aug 14, 2026
Summary not yet generated.
10-Q
Filed Aug 14, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed Aug 12, 2026
· Period ending Aug 12, 2026
Summary not yet generated.
8-K
Filed Jul 31, 2026
· Period ending Jul 31, 2026
Summary not yet generated.
S-1/A
Filed May 21, 2026
Red flag
DRCT registers up to 20M shares for resale by Roth Principal Investments; company may receive up to $50M gross from future sales
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Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per-share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues | 7,832 | 10,144 | 14,512 | 18,301 |
| Cost of revenues | 5,169 | 6,583 | 9,587 | 12,347 |
| Gross profit | 2,663 | 3,561 | 4,925 | 5,954 |
| Operating expenses | ||||
| Compensation, taxes and benefits | 3,215 | 3,639 | 6,236 | 7,303 |
| General and administrative | 2,376 | 2,348 | 4,868 | 5,001 |
| Total operating expenses | 5,591 | 5,987 | 11,104 | 12,304 |
| Loss from operations | (2,928) | (2,426) | (6,179) | (6,350) |
| Other income (expense) | ||||
| Other income | 62 | 19 | 69 | 47 |
| Loss on settlement of accounts payable | — | — | (1,247) | — |
| Loss on debt extinguishment | — | — | (517) | — |
| Derecognition of tax receivable agreement liability | 41 | — | 41 | — |
| Expenses for Equity Reserve Facility | — | — | — | (198) |
| Interest expense and amortization of deferred financing cost and debt discount (premium), net | (764) | (1,789) | (1,327) | (3,635) |
| Total other expense, net | (661) | (1,770) | (2,981) | (3,786) |
| Loss before income taxes | (3,589) | (4,196) | (9,160) | (10,136) |
| Income tax expense | — | — | — | — |
| Net loss | (3,589) | (4,196) | (9,160) | (10,136) |
| Net loss attributable to noncontrolling interest | (194) | (1,947) | (515) | (5,532) |
| Net loss attributable to Direct Digital Holdings, Inc. | (3,395) | (2,249) | (8,645) | (4,604) |
| Net loss per common share attributable to Direct Digital Holdings, Inc.: | ||||
| Basic and diluted | (5.78) | (49.79) | (15.62) | (121.69) |
| Weighted-average number of shares of common stock outstanding: | ||||
| Basic and diluted | 709 | 45 | 643 | 38 |
Condensed Consolidated Balance Sheets
(in thousands, except share and par value amounts)
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | 520 | 728 |
| Accounts receivable, net of provision for credit losses of $944 | 2,684 | 3,126 |
| Prepaid expenses and other current assets | 1,419 | 890 |
| Total current assets | 4,623 | 4,744 |
| Property, equipment and software, net | 99 | 166 |
| Goodwill | 6,520 | 6,520 |
| Intangible assets, net | 7,025 | 7,852 |
| Operating lease right-of-use assets | 607 | 702 |
| Other long-term assets | 47 | 172 |
| Total assets | 18,921 | 20,156 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 9,587 | 7,820 |
| Accounts payable related party | 538 | — |
| Accrued liabilities | 2,406 | 2,164 |
| Accrued liabilities related party | 1,219 | 3,663 |
| Liability related to tax receivable agreement, current portion | — | 41 |
| Current maturities of long-term debt related party | 17,335 | 12,003 |
| Deferred revenues | 795 | 513 |
| Operating lease liabilities, current portion | 232 | 221 |
| Total current liabilities | 32,112 | 26,425 |
| Long-term debt, net of current portion | 144 | 146 |
| Operating lease liabilities, net of current portion | 490 | 608 |
| Total liabilities | 32,746 | 27,179 |
| COMMITMENTS AND CONTINGENCIES (Note 9) | ||
| STOCKHOLDERS’ DEFICIT | ||
| Series A Convertible Preferred Stock, $0.001 par value per share, 10,000,000 shares authorized, 27,077 shares issued and outstanding | — | — |
| Class A Common Stock, $0.001 par value per share, 760,000,000 shares authorized, 740,119 and 331,076 shares issued and outstanding, respectively | 1 | — |
| Class B Common Stock, $0.001 par value per share, 20,000,000 shares authorized, 42,160 shares issued and outstanding | — | — |
| Additional paid-in capital | 27,899 | 25,812 |
| Accumulated deficit | (36,365) | (27,720) |
| Noncontrolling interest | (5,360) | (5,115) |
| Total stockholders’ deficit | (13,825) | (7,023) |
| Total liabilities and stockholders’ deficit | 18,921 | 20,156 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash Flows Used In Operating Activities: | ||
| Net loss | (9,160) | (10,136) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization of deferred financing cost and debt discount (premium), net | 216 | 2,900 |
| Amortization of intangible assets | 827 | 977 |
| Reduction in carrying amount of right-of-use assets | 95 | 90 |
| Depreciation and amortization of property, equipment and software | 67 | 145 |
| Stock-based compensation | 267 | 705 |
| Loss on settlement of accounts payable | 1,247 | — |
| Loss on debt extinguishment | 517 | — |
| Derecognition of tax receivable agreement liability | (41) | — |
| Interest paid in kind | 1,100 | — |
| Expenses for Equity Reserve Facility | — | 198 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 442 | 1,082 |
| Prepaid expenses and other assets | (404) | (842) |
| Accounts payable | 2,406 | (1,491) |
| Accrued liabilities and tax receivable agreement payable | 312 | 962 |
| Income taxes payable | — | 41 |
| Deferred revenues | 282 | 63 |
| Operating lease liability | (107) | (92) |
| Net cash used in operating activities | (1,934) | (5,398) |
| Cash Flows Used In Investing Activities: | ||
| Cash paid for capitalized software and property and equipment | — | (38) |
| Net cash used in investing activities | — | (38) |
| Cash Flows Provided by Financing Activities: | ||
| Payment of expenses for Equity Reserve Facility | — | (198) |
| Proceeds from issuance of Class A Common Stock | 1,226 | 5,942 |
| Payment of deferred financing cost | — | (46) |
| Payments on financed insurance premiums | (36) | (114) |
| Payments on loans | (2) | — |
| Advances from related party | 538 | — |
| Net cash provided by financing activities | 1,726 | 5,584 |
| Net (decrease) increase in cash and cash equivalents | (208) | 148 |
| Cash and cash equivalents, beginning of the period | 728 | 1,445 |
| Cash and cash equivalents, end of the period | 520 | 1,593 |
| 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 | 1,163 | — |
| Financed insurance premiums | 367 | 291 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per-share data); (in thousands, except share and par value amounts); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗