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Direct Digital Holdings, Inc. SEC Filings

DRCT NASDAQ

Welcome to our dedicated page for Direct Digital Holdings SEC filings (Ticker: DRCT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

Programmatic ad tech companies like Direct Digital Holdings generate revenue on both the sell-side and buy-side, but their disclosures rarely read like plain English. Tracking privacy-law risks in a 10-K or spotting when Orange 142 executives unload shares can mean combing through hundreds of pages. Investors often search, “Where can I find Direct Digital Holdings quarterly earnings report 10-Q filing?� or “Direct Digital Holdings insider trading Form 4 transactions.� This page answers those questions—and saves you hours.

Stock Titan delivers every DRCT filing the moment it hits EDGAR, then our AI turns legal language into clear takeaways. You’ll get:

  • Alerts on Direct Digital Holdings Form 4 insider transactions real-time, so executive stock moves never slip past you.
  • Concise notes that make the Direct Digital Holdings annual report 10-K simplified, spotlighting revenue from Colossus SSP versus buy-side platforms.
  • Side-by-side charts that turn each Direct Digital Holdings quarterly earnings report 10-Q into actionable trend analysis.
  • Summaries of every Direct Digital Holdings 8-K material events explained, from new advertising partnerships to data-privacy updates.

Need deeper context? Toggle “AI Insights� to see common professional questions—“What does CTV growth mean for EBITDA?”—answered directly in the document. The tool also flags pages covering Direct Digital Holdings proxy statement executive compensation, supplier concentration, and capital-light technology assets, offering Direct Digital Holdings SEC filings explained simply. Whether you’re benchmarking margins, monitoring Direct Digital Holdings executive stock transactions Form 4, or just understanding Direct Digital Holdings SEC documents with AI, this hub keeps every disclosure organized, searchable and current.

Rhea-AI Summary

Direct Digital Holdings, Inc. amended its term loan facility and issued 25,000 shares of Series A Convertible Preferred Stock in exchange for $25,000,000 of term loan principal, reducing outstanding term loans to $9,362,359.84. The Series A Preferred Stock carries a stated value of $1,000 per share, a cumulative 10% annual dividend compounded quarterly, conversion into Class A common stock at $2.50 per share, and a beneficial ownership conversion cap of 4.99% until October 15, 2025. Holders receive senior liquidation preference equal to 1.25x the Accumulated Conversion Value before October 15, 2025 and 3.0x thereafter.

The amendment also imposes new financial covenants requiring the Credit Parties to maintain a consolidated total leverage ratio of no more than 3.50x (then 3.25x), a fixed charge coverage ratio of at least 1.25x (then 1.50x), minimum unrestricted cash of $1.5 million, and minimum consolidated EBITDA of $1.0 million for the quarters ending September 30, 2025 and December 31, 2025 and $0.5 million thereafter. The Credit Parties agreed to a $1.0 million closing fee and a contingent $25.0 million exit fee tied to redemption mechanics; the exit fee can be eliminated if Series A is redeemed at the Series A Liquidation Amount on or prior to December 31, 2026, and it reduces with certain redemptions or conversions. The Certificate of Designation and amendment exhibits are filed with the report.

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Direct Digital Holdings (Nasdaq: DRCT) filed its Q2-25 10-Q showing a sharp top-line contraction driven by a temporary loss of a key sell-side customer.

  • Revenue: Q2-25 fell 54 % YoY to $10.1 M; YTD revenue down 59 % to $18.3 M.
  • Mix shift: Sell-side advertising collapsed 83 % YoY to $2.5 M as a major partner paused activity in May 2024; buy-side revenue was flat at $7.7 M.
  • Profitability: Gross margin slipped to 35.1 % (vs 27.1 % prior year) but could not offset lower scale; operating loss widened to $2.4 M (-18 % margin). Net loss attributable to DRCT widened to $2.2 M (-0.23 per share) and to $10.1 M for the half.
  • Liquidity: Cash rose modestly to $1.6 M after raising $4.6 M via the New Circle Equity Reserve Facility (6.1 M shares sold). Operating cash use was $5.4 M YTD. Revolver balance of $3.7 M now matures 31 Aug 2025 after two one-month extensions; 2021 term loan balance $37.4 M (matures Dec-26). Total debt $41.2 M vs assets $23.3 M.
  • Capital structure: Stockholdersâ€� deficit deepened to -$24.6 M; company faces Nasdaq delisting if equity not improved.
  • Going concern: Management cites “substantial doubtâ€� about 12-month viability given sell-side disruption, covenant pressure and limited cash. Cost-cutting and further equity raises are underway.
  • Share count: 12.07 M Class A and 10.45 M Class B shares outstanding as of 4 Aug 2025; weighted-average diluted shares 9.9 M for Q2.

The quarter highlights execution risk around heavy customer concentration on the SSP side, high leverage (net leverage >10Ă— annualized EBITDA) and dependence on external capital while buy-side operations remain relatively stable.

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Event: Direct Digital Holdings, Inc. furnished an 8-K on August 5, 2025 announcing a press release with the company’s financial results for the six and three months ended June 30, 2025.

Key facts:

  • Press release is included as Exhibit 99.1.
  • Cover Page Interactive Data File is included as Exhibit 104 (Inline XBRL).
  • The filing states the information in Item 2.02 and Exhibit 99.1 is furnished, not filed, and therefore not subject to Section 18 liabilities.
  • The 8-K is signed by Diana P. Diaz, Chief Financial Officer, dated August 5, 2025.
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FAQ

What is the current stock price of Direct Digital Holdings (DRCT)?

The current stock price of Direct Digital Holdings (DRCT) is $0.416 as of August 11, 2025.

What is the market cap of Direct Digital Holdings (DRCT)?

The market cap of Direct Digital Holdings (DRCT) is approximately 10.9M.
Direct Digital Holdings, Inc.

NASDAQ:DRCT

DRCT Rankings

DRCT Stock Data

10.91M
7.66M
5.43%
3.46%
0.29%
Advertising Agencies
Services-advertising
United States
HOUSTON