{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-059100","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.447208+00:00","generated_at":"2026-06-15T04:58:02.778037+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Direct Digital Holdings Q1 revenue up 87% to $21.2M; net loss widens to $1.3M","bullets":["Revenue $21.2M (+87% YoY); sell-side $13.8M (+149%), buy-side $7.4M (+28%).","Net loss ($1.3M) vs ($0.7M) prior year; includes $0.8M one-time expenses (SVB credit facility termination, HPE transition).","Adjusted EBITDA $0.5M vs $1.1M prior year; operating loss ($0.1M) vs income $0.6M.","Monthly impressions 207B (+130%), bid responses 6B (+81%), advertisers 153K (+121%).","FY2023 revenue guidance reaffirmed: $118M-$122M (36% YoY growth at midpoint)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-059100","json":"https://secwatch.observer/filing/0001104659-23-059100.json","markdown":"https://secwatch.observer/filing/0001104659-23-059100.md","text":"https://secwatch.observer/filing/0001104659-23-059100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923059100/0001104659-23-059100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923059100/tm2315267d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T04:58:02.778037+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":"b9d53587d104bc6c32e839b2601afe83531027eb","claim":"Direct Digital Holdings, Inc. reported three months ended March 31, 2023 results: revenue $21.2 million, net income ($1.3) million. Guidance reaffirmed.","evidence_excerpt":"Direct Digital Holdings Reports First Quarter 2023 Financial Results First Quarter 2023 Revenue Up 87% Year-Over-Year to $21.2 Million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923059100/0001104659-23-059100-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"label":"Revenue","value":"$21.2 million"},{"label":"Net income","value":"($1.3) million"},{"label":"Guidance","value":"reaffirmed"},{"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"}