Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Loss Per Share

The Company has two classes of common stock, Class A and Class B. Shares of the Company’s Class B Common Stock do not share in the earnings or losses attributable to Direct Digital Holdings, Inc. and are therefore not participating securities. The following table sets forth the computation of the Company’s basic and diluted net loss per share (in thousands, except per share amounts):

	Three Months Ended March 31,
	2025		2024
Net loss allocated to Class A shareholders	$	(2,355)	$	(775)
Weighted average common shares outstanding - basic	6,710		3,509
Class B Common Stock	—		—
Options to purchase common stock	—		—
Unvested restricted stock units	—		—
Weighted average common shares outstanding - diluted	6,710		3,509
Net loss per common share, basic	$	(0.35)	$	(0.22)
Net loss per common share, diluted	$	(0.35)	$	(0.22)

Schedule of Antidilutive Securities

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):

	Three Months Ended March 31,
	2025	2024
Class B Common Stock	10,864	10,868
Options to purchase common stock	477	367
Restricted stock units	560	535
Total excludable from net loss per share attributable to common stockholders - diluted	11,901	11,770