Direct Digital Holdings, Inc.DRCTEarnings & Financial Report
Devolver Digital, Inc. is an American video game publisher based in Austin, Texas, specializing in the publishing of indie games. The company was founded in June 2009 by Nigel Lowrie, Harry Miller, Graeme Struthers, Rick Stults, and Mike Wilson, five executives who had been involved with Gathering of Developers and Gamecock Media Group, which published games on developer-friendly terms, but due to the high cost associated with releasing retail games saw themselves acquired and dissolved by la...
DRCT Q4 FY2025 Key Financial Metrics
Revenue
$8.4M
Gross Profit
$2.3M
Operating Profit
$-4.5M
Net Profit
$-11.7M
Gross Margin
26.8%
Operating Margin
-53.4%
Net Margin
-138.7%
YoY Growth
-7.4%
EPS
$-74.97
Direct Digital Holdings, Inc. Q4 FY2025 Financial Summary
Direct Digital Holdings, Inc. reported revenue of $8.4M (down 7.4% YoY) for Q4 FY2025, with a net profit of $-11.7M (down 434.7% YoY) (-138.7% margin). Cost of goods sold was $6.2M, operating expenses totaled $6.7M.
Key Financial Metrics
| Total Revenue | $8.4M |
|---|---|
| Net Profit | $-11.7M |
| Gross Margin | 26.8% |
| Operating Margin | -53.4% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Direct Digital Holdings, Inc. Q4 FY2025 revenue of $8.4M breaks down across 2 segments, led by Buy Side Advertising at $8.2M (97.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Buy Side Advertising | $8.2M | 97.8% |
| Other | $183.0K | 2.2% |
Direct Digital Holdings, Inc. Revenue by Segment — Quarterly Trend
Direct Digital Holdings, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Buy Side Advertising and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Buy Side Advertising | $8.2M | $7.3M | $7.7M | $6.1M |
| Other | $183.0K | $641.0K | — | — |
Direct Digital Holdings, Inc. Annual Revenue by Year
Direct Digital Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $34.7M).
Direct Digital Holdings, Inc. Quarterly Revenue & Net Profit History
Direct Digital Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $8.4M | -7.4% | $-11.7M | -138.7% |
| Q3 FY2025 | $8.0M | -12.0% | $-2.7M | -33.6% |
| Q2 FY2025 | $10.1M | -53.6% | $-2.2M | -22.2% |
| Q1 FY2025 | $8.2M | -63.4% | $-2.4M | -28.9% |
| Q4 FY2024 | $9.1M | -77.9% | $-2.2M | -24.0% |
| Q3 FY2024 | $9.1M | -84.7% | $-2.7M | -29.6% |
| Q2 FY2024 | $21.9M | -38.3% | $-590.0K | -2.7% |
| Q1 FY2024 | $22.3M | +5.0% | $-775.0K | -3.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.3M | $21.9M | $9.1M | $9.1M | $8.2M | $10.1M | $8.0M | $8.4M |
| YoY Growth | 5.0% | -38.3% | -84.7% | -77.9% | -63.4% | -53.6% | -12.0% | -7.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $52.8M | $48.5M | $31.3M | $26.0M | $23.8M | $23.3M | $22.5M | $20.2M |
| Liabilities | $58.6M | $57.2M | $46.3M | $45.7M | $47.1M | $47.9M | $29.2M | $27.2M |
| Equity | $-7.5M | $-10.5M | $-16.7M | $-19.7M | $-23.3M | $-24.6M | $-6.7M | $-7.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-5.7M | $-4.4M | $3.0M | $-1.6M | $-2.7M | $-2.7M | $-1.6M | $-1.9M |