Direct Digital Holdings, Inc.
DRCT · Services-Advertising · 68K shares · +26%/yr ↑ shares · EDGAR filings ↗
Reference price $2.91 · est. market cap ~$198K — last insider sale, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D46gen composite 36pct→60; net + operating loss; negative equity (distress); weak liquidity, no op profit
Notable findings
- Chronic dilutionShare count +26%/yr over 3y (dilution)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Negative equityNegative book equity (debt/equity -1.73)
- Net lossNet loss (net margin -54.6%)
- Weak liquidityCurrent ratio 0.18 (<1)
- Revenue declineRevenue -18.1% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
30.0%
Operating margin
-42.5%
Net margin
-54.6%
Return on equity
269.8%
Return on assets
-94.0%
ROIC
-227.4%
Revenue growth (QoQ)
-18.1%
Debt / equity
-1.7×
Current ratio
0.2×
EBITDA
-$14M
Tangible book value
-$21M
Cash & investments
$728K
Stock comp / revenue
4.2%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Walker Mark D | Chairman and CEO | — |
| Diaz Diana P | CFO | — |
| Lowrey Maria Vilchez | Chief Growth Officer | — |
| Pillai Anu | Chief Technology Officer | — |
| SMITH W KEITH | President | — |
| Cohen Richard | Director | — |
| Leatherberry Antoinette Renee | Director | — |
| Locke Mistelle | Director | — |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-12 | Leatherberry Antoinette Renee | Sell | 23 | $2.91 |
| 2026-06-12 | Locke Mistelle | Sell | 25 | $2.91 |
| 2026-06-12 | Locke Mistelle | Option exercise | 37 | — |
| 2026-06-12 | Cohen Richard | Sell | 25 | $2.91 |
| 2026-06-12 | Leatherberry Antoinette Renee | Option exercise | 37 | — |
| 2026-06-12 | Cohen Richard | Option exercise | 37 | — |
| 2026-06-12 | Walker Mark D | Sell | 1.4K | $2.80 |
| 2026-06-09 | Leatherberry Antoinette Renee | Option exercise | 159 | — |
| 2026-06-09 | Leatherberry Antoinette Renee | Sell | 67 | $2.96 |
| 2026-06-09 | Locke Mistelle | Option exercise | 159 | — |
| 2026-06-09 | Locke Mistelle | Sell | 76 | $2.96 |
| 2026-06-09 | Cohen Richard | Sell | 76 | $2.96 |
| 2026-06-09 | Cohen Richard | Option exercise | 159 | — |
| 2026-04-01 | Lowrey Maria Vilchez | Option exercise | 33 | — |
| 2026-04-01 | Walker Mark D | Tax withheld | 20 | $3.29 |
| 2026-04-01 | SMITH W KEITH | Option exercise | 20 | $3.29 |
| 2026-04-01 | Walker Mark D | Option exercise | 67 | — |
| 2026-04-01 | Lowrey Maria Vilchez | Tax withheld | 10 | $3.34 |
| 2026-04-01 | Diaz Diana P | Tax withheld | 10 | $3.34 |
| 2026-04-01 | SMITH W KEITH | Option exercise | 67 | — |
| 2026-04-01 | Pillai Anu | Option exercise | 33 | — |
| 2026-04-01 | Pillai Anu | Tax withheld | 12 | $3.34 |
| 2026-04-01 | Diaz Diana P | Option exercise | 33 | — |
| 2026-03-20 | Lowrey Maria Vilchez | Tax withheld | 4 | $3.32 |
| 2026-03-20 | Lowrey Maria Vilchez | Option exercise | 10 | — |
| 2026-03-20 | Pillai Anu | Option exercise | 10 | — |
| 2026-03-20 | Pillai Anu | Tax withheld | 5 | $3.32 |
| 2026-03-20 | Walker Mark D | Option exercise | 45 | — |
| 2026-03-20 | Walker Mark D | Tax withheld | 14 | $3.52 |
| 2026-03-20 | SMITH W KEITH | Option exercise | 45 | — |
| 2026-03-20 | SMITH W KEITH | Tax withheld | 14 | $3.52 |
| 2026-01-24 | Walker Mark D | Tax withheld | 61 | $16.48 |
| 2026-01-24 | Diaz Diana P | Tax withheld | 31 | $16.48 |
| 2026-01-24 | Walker Mark D | Option exercise | 204 | — |
| 2026-01-24 | Pillai Anu | Tax withheld | 36 | $16.48 |
| 2026-01-24 | Cohen Richard | Option exercise | 90 | — |
| 2026-01-24 | Pillai Anu | Option exercise | 102 | — |
| 2026-01-24 | Leatherberry Antoinette Renee | Option exercise | 90 | — |
| 2026-01-24 | Diaz Diana P | Option exercise | 102 | — |
| 2026-01-24 | Lowrey Maria Vilchez | Tax withheld | 31 | $16.48 |
| 2026-01-24 | Lowrey Maria Vilchez | Option exercise | 102 | — |
| 2026-01-24 | SMITH W KEITH | Option exercise | 204 | — |
| 2026-01-24 | SMITH W KEITH | Tax withheld | 61 | $16.48 |
| 2026-01-24 | Locke Mistelle | Option exercise | 90 | — |
| 2026-01-16 | Locke Mistelle | Option exercise | 34 | — |
| 2026-01-16 | Locke Mistelle | Sell | 31 | $6.51 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-11 | 5.08Other | filing ↗ |
| 2026-06-04 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-05-21 | Material agreementOtherExhibits | filing ↗ |
| 2026-05-11 | ResultsExhibits | filing ↗ |
| 2026-04-28 | Material agreement1.02Delisting notice3.035.03Exhibits | filing ↗ |
| 2026-04-23 | Reg FDExhibits | filing ↗ |
| 2026-04-07 | Delisting notice | filing ↗ |
| 2026-04-01 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| DEFR14A | 2026-06-29 | 0001880613-26-000084 ↗ | |
| DEF 14A | 2026-06-23 | 2026-06-23 | 0001880613-26-000080 ↗ |
| 8-K | 2026-06-11 | 2026-06-08 | 0001880613-26-000073 ↗ |
| 8-K | 2026-06-04 | 2026-06-03 | 0001880613-26-000070 ↗ |
| 8-K | 2026-05-21 | 2026-05-15 | 0001628280-26-037230 ↗ |
| 10-Q | 2026-05-15 | 2026-03-31 | 0001628280-26-035698 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001880613-26-000057 ↗ |
| 8-K | 2026-04-28 | 2026-04-23 | 0001880613-26-000050 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0001880613-26-000044 ↗ |
| 8-K | 2026-04-07 | 2026-04-02 | 0001880613-26-000037 ↗ |
| 8-K | 2026-04-01 | 2026-03-31 | 0001880613-26-000034 ↗ |
| 10-K | 2026-03-31 | 2025-12-31 | 0001880613-26-000032 ↗ |