---
schema_version: "secwatch.filing_event.v1"
accession: "0001880613-25-000079"
form_type: "8-K"
ticker: "DRCT"
cik: "0001880613"
company_name: "Direct Digital Holdings, Inc."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T21:03:19.502287+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Q2 revenue $10.1M (-54% YoY) but +24% seq; net loss improves $1.7M

## Summary
- Revenue $10.1M, down 54% YoY ($21.9M) but up 24% from Q1 2025; gross margin 35% vs 29% seq.
- Net loss improved $1.7M sequentially; adjusted EBITDA loss improved $1.6M.
- Operating expenses cut 25% YoY; sell-side impressions ~182B monthly.
- Sell-side advertisers +30% YoY; buy-side served 220+ customers with $1.0M from new verticals.
- Company expects full integration of direct connections in H2 to drive growth.

## SEC filing metadata
- accession: 0001880613-25-000079
- form_type: 8-K
- ticker: DRCT
- cik: 0001880613
- company_name: Direct Digital Holdings, Inc.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880613/000188061325000079/0001880613-25-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880613/000188061325000079/drct-20250805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001880613-25-000079
- JSON: https://secwatch.observer/filing/0001880613-25-000079.json
- Plain text: https://secwatch.observer/filing/0001880613-25-000079.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.