Friday 6 November 2026
Export DRCT’s income statement to Excel — free account
Direct Digital Holdings, Inc.
DRCT Communication Services Advertising Agencies
Direct Digital Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $34.7 million, down 44.3% from fiscal 2024.
- Revenue
- −22.8%
- EPS
- +88.6%
- Free cash flow
- +67.4%
- Total debt
- −54.1%
Quarter to June 2026, against a year earlier
0.14
0.01
−6.67%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 6 | 12 | 38 | 89 | 157 | 62 | 35 | 31 | +33.0% | 35 | 36 | — | +2.1% | |
| Gross margin, % | — | — | — | 1.92 | 41.45 | 48.32 | 32.81 | 23.92 | 27.92 | 30.03 | 30.38 | +28.1 pt | ||||||
| EBT | — | — | — | (1) | (1) | (1) | 4 | (6) | (14) | (28) | (27) | +77.6% | ||||||
| EBT margin, % | — | — | — | (14.09) | (7.18) | (3.79) | 5.03 | (3.99) | (22.12) | (79.91) | (86.55) | (65.8) pt | ||||||
| Net income | — | 0 | — | (1) | (1) | (2) | 4 | (7) | (20) | (28) | (27) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 2.24 | 91,642.22 | 245,454.32 | 6,902.81 | 11,567.67 | 3,664.00 | 450.57 | 43.59 | +142.1% | |||||
| Earnings | — | — | — | (0.32) | (6,670.40) | (9,699.80) | 24.20 | (160.60) | (364.83) | (303.16) | (156.90) | +213.4% | ||||||
| Cash flow | — | — | — | 0.08 | (4,219.47) | 24,143.24 | 159.44 | 188.34 | (508.71) | (115.68) | (7.68) | n/m | ||||||
| Capex | — | — | — | 0.00 | 0.00 | 0.00 | (53.15) | (13.11) | (1.00) | (1.13) | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | 0.08 | (4,219.47) | 24,143.24 | 106.29 | 175.23 | (509.71) | (116.81) | (7.68) | n/m | ||||||
| Book value | — | — | — | (0.32) | 17,394.21 | (2,412.91) | 432.20 | (398.99) | (1,160.59) | (91.21) | (19.50) | +156.3% | ||||||
| Shares, m | — | — | — | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (45.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 16.03 | 0.00 | 0.00 | 0.00 | 0.00 | 2.3 | |||||
| P/S | — | — | — | 0.00 | 0.00 | 0.00 | 0.08 | 0.25 | 0.10 | 0.03 | 0.00 | 0.1 | ||||||
| P/B | — | — | — | 0.00 | 0.00 | 0.00 | 1.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.2 | ||||||
| EV/Sales | — | — | — | 0.42 | 0.42 | 0.42 | 0.30 | 0.41 | 0.64 | 0.36 | 0.55 | 0.4 | ||||||
| EV/FCF | — | — | — | 4.32 | 4.32 | 4.32 | 13.08 | 27.22 | (4.57) | (1.39) | (3.08) | 6.8 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 0 | (1) | 4 | 2 | 3 | (9) | (9) | (5) | n/m | |||||
| Capex | — | — | — | — | — | — | (1) | 0 | 0 | 0 | 0 | (49.8%) | ||||||
| Free cash flow | — | — | — | 0 | (1) | 4 | 1 | 2 | (9) | (9) | (5) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | (2) | 0 | 4 | 7 | 3 | (5) | (22) | (27) | +45.0% | |||||
| Net debt | — | — | — | 0 | 12 | 16 | 20 | 25 | 34 | 11 | 17 | +77.0% | ||||||
| Shareholders’ equity | — | — | — | (1) | 2 | 0 | 6 | (5) | (20) | (7) | (14) | +40.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (38.48) | (5.15) | (4.52) | 0.67 | (3.45) | (13.14) | (101.20) | (134.76) | (62.7) pt | |||||
| ROIC | — | — | — | 0.00 | (3.75) | 17.47 | 19.74 | (7.00) | (58.54) | (209.68) | (290.84) | (209.7) pt | ||||||
| ROE | — | — | — | (120.39) | (123.72) | (151.21) | 12.11 | (2,493.18) | 49.59 | 174.61 | 148.24 | +295.0 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 52 | 57 | 69 | 90 | 79 | 73 | — | +7.0% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.24 | 0.67 | 1.30 | 1.75 | 0.79 | 0.48 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Direct Digital Holdings, Inc. vs peers in Advertising Agencies (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| YDKG Yueda Digital Holding | $5.5M | — (loss-making) | — (loss-making) | −93.87% (below 0%: shrinking) | n/m | +94.68% (above 0%: growing) | (159.11%) | 0.00% | Compare |
| BAOS Baosheng Media Group Holdings Limited | $5.3M | — | — (loss-making) | — | — | −165.95% (below 0%: shrinking) | 79.96% | 0.00% | Compare |
| KRKR 36Kr Holdings Inc. Sponsored ADR | $4.8M | — (loss-making) | — (loss-making) | +3.16% (above 0%: growing) | n/m | −99.56% (below 0%: shrinking) | 55.93% | (11.53%) | Compare |
| CNET ZW Data Action Technologies Inc. | $3.3M | — (loss-making) | — | +18.98% (above 0%: growing) | n/m | −116.44% (below 0%: shrinking) | 7.21% | (58.44%) | Compare |
| CHR Cheer Holding, Inc. | $2.8M | 0.0× | — (loss-making) | +42.89% (above 0%: growing) | −11.70% (below 0%: shrinking) | +1.34% (above 0%: growing) | 72.56% | 43.62% | Compare |
| FCDH Forcendra Holding Limited | $2.6M | — | — | — | — | +51.31% (above 0%: growing) | — | — | Compare |
| HAO Haoxi Health Technology Limited | $1.1M | — | — | — | — | −895.86% (below 0%: shrinking) | — | — | Compare |
| SOPAQ Society Pass Incorporated | $980.0K | — (loss-making) | — (loss-making) | −17.63% (below 0%: shrinking) | n/m | −920.18% (below 0%: shrinking) | 64.28% | (379.93%) | Compare |
| DRCT Direct Digital Holdings, Inc. | $730.0K | — (loss-making) | 11.5× | −22.79% (below 0%: shrinking) | n/m | +67.42% (above 0%: growing) | 34.00% | (37.39%) | |
| Median of peers | $3.0M | — | — | +3.16% | — | −108.00% | 60.11% | (5.76%) |
Pay and ownership Proxy statement filed 23 June 2026
Ownership
Directors and executive officers, together
6.70% of the votes
Direct Digital Management, LLC
5.70% of the votes
Mark Walker, Chairman and Chief Executive Officer
3.20% of the votes
Keith Smith, President and Director
3.20% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement