{"schema_version":"secwatch.filing_event.v1","accession":"0001880613-26-000034","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2026-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.230648+00:00","generated_at":"2026-05-15T08:01:14.404451+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Direct Digital Holdings reports Q4 and full year 2025 results; buy-side revenue up 28% but net loss widens","bullets":["Q4 2025 consolidated revenue $8.4M, down 7% YoY; buy-side revenue $8.2M, up 28%.","Net loss for Q4 2025 was $12.6M vs $6.6M loss in Q4 2024.","Full year 2025 revenue $34.7M, down 44%; buy-side revenue $29.4M, up 10%.","Launched AI-enabled Ignition+ programmatic media solution in March 2026.","Implemented 55-to-1 reverse stock split to regain Nasdaq compliance; issued $35M Series A Convertible Preferred Stock."],"urls":{"canonical":"https://secwatch.observer/filing/0001880613-26-000034","json":"https://secwatch.observer/filing/0001880613-26-000034.json","markdown":"https://secwatch.observer/filing/0001880613-26-000034.md","text":"https://secwatch.observer/filing/0001880613-26-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000034/0001880613-26-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000034/drct-20260331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-15T08:01:14.404451+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":"1ffaefeb1051293b7965a1a2cd5c3f69937991e4","claim":"Direct Digital Holdings, Inc. reported full year ended December 31, 2025 results: revenue $34.7 million, net income Net loss was ($27.7 million) compared to net loss of ($19.9 million) in full year 2024..","evidence_excerpt":"Revenue of $34.7 million decreased 44% compared to $62.3 million in full year 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000034/0001880613-26-000034-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2025"},{"label":"Revenue","value":"$34.7 million"},{"label":"Net income","value":"Net loss was ($27.7 million) compared to net loss of ($19.9 million) in full year 2024."},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"704b202c5521fed64d962fea9b55fa30a0fbef6e","claim":"Direct Digital Holdings, Inc. reported fourth quarter and full year ended December 31, 2025 results: net income Net loss was ($12.6 million) compared to net loss of ($6.6 million) in the fourth quarter of 2024..","evidence_excerpt":"Revenue of $8.4 million decreased 7% compared to $9.1 million in the fourth quarter of 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000034/0001880613-26-000034-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year ended December 31, 2025"},{"label":"Net income","value":"Net loss was ($12.6 million) compared to net loss of ($6.6 million) in the fourth quarter of 2024."},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"704b202c5521fed64d962fea9b55fa30a0fbef6e","claim":"Direct Digital Holdings, Inc. reported fourth quarter and full year ended December 31, 2025 results: net income Net loss was ($12.6 million) compared to net loss of ($6.6 million) in the fourth quarter of 2024..","evidence_excerpt":"Net loss was ($12.6 million) compared to net loss of ($6.6 million) in the fourth quarter of 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000034/0001880613-26-000034-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year ended December 31, 2025"},{"label":"Net income","value":"Net loss was ($12.6 million) compared to net loss of ($6.6 million) in the fourth quarter of 2024."},{"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"}