{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-035874","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2023-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.324463+00:00","generated_at":"2026-06-17T19:30:10.971603+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Direct Digital Holdings reports FY2022 revenue $88.0M, up 131% YoY; guides FY2023 revenue $118-122M","bullets":["Q4 revenue $29.4M (+128% YoY); full-year revenue $88.0M (+131% YoY).","Net income $2.9M vs net loss $1.5M in 2021; adjusted EBITDA $8.8M vs $6.4M.","Sell-side segment revenue $58.7M (389% growth); buy-side $29.3M (12% growth).","FY2023 revenue guidance $118M-$122M (36% YoY growth at midpoint).","Terminated planned SVB credit facility; cash & AR $29.1M as of Dec 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-035874","json":"https://secwatch.observer/filing/0001104659-23-035874.json","markdown":"https://secwatch.observer/filing/0001104659-23-035874.md","text":"https://secwatch.observer/filing/0001104659-23-035874.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/0001104659-23-035874-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/tm2310270d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T19:30:10.971603+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"25a1ed7470e30e856a3b264e9cb7228eeba587ad","claim":"Direct Digital Holdings, Inc. reported fiscal year 2023 results: revenue $118 million to $122 million. Guidance initiated.","evidence_excerpt":"For fiscal year 2023, we expect revenue to be in the range of $118 million to $122 million, or 36% year-over-year growth at the mid-point.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/0001104659-23-035874-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023"},{"label":"Revenue","value":"$118 million to $122 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"426b84ebc459c4f265065276bf02cf88ce4e6dbf","claim":"Direct Digital Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $88.0 million, net income $2.9 million.","evidence_excerpt":"Revenue in fiscal year 2022 was $88.0 million, an increase of $49.9 million, or 131%, over the $38.1 million in fiscal year 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/0001104659-23-035874-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$88.0 million"},{"label":"Net income","value":"$2.9 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c55651f957b11db73bc34ed139354ff5105b9e13","claim":"Direct Digital Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $29.4 million, net income $0.2 million.","evidence_excerpt":"Revenue was $29.4 million in the fourth quarter of 2022, an increase of $16.5 million, or 128% over the $12.9 million in the same period of 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/0001104659-23-035874-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$29.4 million"},{"label":"Net income","value":"$0.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}