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Direct Digital Holdings, Inc.

Direct Digital Holdings, Inc.DRCTEarnings & Financial Report

Nasdaq · video game industry

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...

NextMar 28, 2026

DRCT Q3 2025 Key Financial Metrics

Revenue

$8.0M

Gross Profit

$2.2M

Operating Profit

$-3.9M

Net Profit

$-2.7M

Gross Margin

27.7%

Operating Margin

-49.0%

Net Margin

-33.6%

YoY Growth

-12.0%

EPS

$-0.24

Financial Flow

Direct Digital Holdings, Inc. Q3 2025 Financial Summary

Direct Digital Holdings, Inc. reported revenue of $8.0M for Q3 2025, with a net profit of $-2.7M (-33.6% margin). Cost of goods sold was $5.8M, operating expenses totaled $6.1M.

Key Financial Metrics

Total Revenue$8.0M
Net Profit$-2.7M
Gross Margin27.7%
Operating Margin-49.0%
Report PeriodQ3 2025

Direct Digital Holdings, Inc. Annual Revenue by Year

Direct Digital Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $62.3M).

YearAnnual Revenue
2024$62.3M
2023$157.1M
2022$89.4M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$41.0M$22.3M$21.9M$9.1M$9.1M$8.2M$10.1M$8.0M
YoY Growth33.4%5.0%-38.3%-84.7%-77.9%-63.4%-53.6%-12.0%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$70.7M$52.8M$48.5M$31.3M$26.0M$23.8M$23.3M$22.5M
Liabilities$74.4M$58.6M$57.2M$46.3M$45.7M$47.1M$47.9M$29.2M
Equity$-3.7M$-5.8M$-8.8M$-15.0M$-19.7M$-23.3M$-24.6M$-6.7M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$-2.1M$-5.7M$-4.4M$3.0M$-1.6M$-2.7M$-2.7M$-1.6M