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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues    
Total revenues $ 62,288 $ 157,110
Cost of revenues    
Total cost of revenues 44,897 119,536
Gross profit 17,391 37,574
Operating expenses    
Compensation, taxes and benefits 16,402 17,730
General and administrative 14,222 13,199
Other expense 0 8,830
Total operating expenses 30,624 39,759
Loss from operations (13,233) (2,185)
Other income (expense)    
Other income 199 256
Revaluation of tax receivable agreement liability 0 331
Loss on early termination of line of credit 0 (300)
Derecognition of tax receivable agreement liability 5,201 0
Commitment shares and expenses for Equity Reserve Facility (532) 0
Interest expense (5,410) (4,378)
Total other expense, net (542) (4,091)
Loss before income taxes (13,775) (6,276)
Income tax expense 6,132 568
Net loss (19,907) (6,844)
Net loss attributable to noncontrolling interest (13,671) (4,650)
Net loss attributable to Direct Digital Holdings, Inc. $ (6,236) $ (2,194)
Net loss per common share attributable to Direct Digital Holdings, Inc.:    
Basic (in dollars per share) $ (1.66) $ (0.73)
Diluted (in dollars per share) $ (1.66) $ (0.73)
Weighted-average number of shares of common stock outstanding:    
Basic (in shares) 3,758,000 2,988,000
Diluted (in shares) 3,758,000 2,988,000
Sell-side advertising    
Revenues    
Total revenues $ 35,660 $ 122,434
Cost of revenues    
Total cost of revenues 34,063 105,733
Buy-side advertising    
Revenues    
Total revenues 26,628 34,676
Cost of revenues    
Total cost of revenues $ 10,834 $ 13,803