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Side-by-side financial comparison of Direct Digital Holdings, Inc. (DRCT) and Neuphoria Therapeutics Inc. (NEUP). Click either name above to swap in a different company.

Neuphoria Therapeutics Inc. is the larger business by last-quarter revenue ($15.0M vs $8.4M, roughly 1.8× Direct Digital Holdings, Inc.). Neuphoria Therapeutics Inc. runs the higher net margin — 75.1% vs -138.7%, a 213.8% gap on every dollar of revenue.

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...

Neuphoria Therapeutics Inc is a clinical-stage biopharmaceutical company focused on researching and developing innovative targeted therapies for unmet medical needs in neurological and psychiatric conditions, including anxiety, treatment-resistant depression, and other central nervous system disorders. Its core R&D efforts prioritize delivering safer, more effective treatment options for patient groups with limited existing care alternatives.

DRCT vs NEUP — Head-to-Head

Bigger by revenue
NEUP
NEUP
1.8× larger
NEUP
$15.0M
$8.4M
DRCT
Higher net margin
NEUP
NEUP
213.8% more per $
NEUP
75.1%
-138.7%
DRCT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DRCT
DRCT
NEUP
NEUP
Revenue
$8.4M
$15.0M
Net Profit
$-11.7M
$11.3M
Gross Margin
26.8%
Operating Margin
-53.4%
79.8%
Net Margin
-138.7%
75.1%
Revenue YoY
-7.4%
Net Profit YoY
-434.7%
EPS (diluted)
$-74.97
$6.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DRCT
DRCT
NEUP
NEUP
Q4 25
$8.4M
Q3 25
$8.0M
Q2 25
$10.1M
Q1 25
$8.2M
$15.0M
Q4 24
$9.1M
Q3 24
$9.1M
Q2 24
$21.9M
Q1 24
$22.3M
Net Profit
DRCT
DRCT
NEUP
NEUP
Q4 25
$-11.7M
Q3 25
$-2.7M
Q2 25
$-2.2M
Q1 25
$-2.4M
$11.3M
Q4 24
$-2.2M
Q3 24
$-2.7M
Q2 24
$-590.0K
Q1 24
$-775.0K
Gross Margin
DRCT
DRCT
NEUP
NEUP
Q4 25
26.8%
Q3 25
27.7%
Q2 25
35.1%
Q1 25
29.3%
Q4 24
32.5%
Q3 24
38.7%
Q2 24
27.1%
Q1 24
22.4%
Operating Margin
DRCT
DRCT
NEUP
NEUP
Q4 25
-53.4%
Q3 25
-49.0%
Q2 25
-23.9%
Q1 25
-48.1%
79.8%
Q4 24
-51.8%
Q3 24
-40.3%
Q2 24
-9.4%
Q1 24
-12.6%
Net Margin
DRCT
DRCT
NEUP
NEUP
Q4 25
-138.7%
Q3 25
-33.6%
Q2 25
-22.2%
Q1 25
-28.9%
75.1%
Q4 24
-24.0%
Q3 24
-29.6%
Q2 24
-2.7%
Q1 24
-3.5%
EPS (diluted)
DRCT
DRCT
NEUP
NEUP
Q4 25
$-74.97
Q3 25
$-0.24
Q2 25
$-0.23
Q1 25
$-0.35
$6.55
Q4 24
$-90.17
Q3 24
$-0.71
Q2 24
$-0.16
Q1 24
$-0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DRCT
DRCT
NEUP
NEUP
Cash + ST InvestmentsLiquidity on hand
$728.0K
$17.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-7.0M
$26.0M
Total Assets
$20.2M
$30.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DRCT
DRCT
NEUP
NEUP
Q4 25
$728.0K
Q3 25
$871.0K
Q2 25
$1.6M
Q1 25
$1.8M
$17.0M
Q4 24
$1.4M
Q3 24
$4.1M
Q2 24
$1.1M
Q1 24
$3.3M
Total Debt
DRCT
DRCT
NEUP
NEUP
Q4 25
Q3 25
$10.8M
Q2 25
$33.5M
Q1 25
$32.9M
Q4 24
Q3 24
$150.0K
Q2 24
$34.8M
Q1 24
$32.4M
Stockholders' Equity
DRCT
DRCT
NEUP
NEUP
Q4 25
$-7.0M
Q3 25
$-6.7M
Q2 25
$-24.6M
Q1 25
$-23.3M
$26.0M
Q4 24
$-19.7M
Q3 24
$-16.7M
Q2 24
$-10.5M
Q1 24
$-7.5M
Total Assets
DRCT
DRCT
NEUP
NEUP
Q4 25
$20.2M
Q3 25
$22.5M
Q2 25
$23.3M
Q1 25
$23.8M
$30.7M
Q4 24
$26.0M
Q3 24
$31.3M
Q2 24
$48.5M
Q1 24
$52.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DRCT
DRCT
NEUP
NEUP
Operating Cash FlowLast quarter
$-1.9M
$11.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DRCT
DRCT
NEUP
NEUP
Q4 25
$-1.9M
Q3 25
$-1.6M
Q2 25
$-2.7M
Q1 25
$-2.7M
$11.5M
Q4 24
$-1.6M
Q3 24
$3.0M
Q2 24
$-4.4M
Q1 24
$-5.7M
Cash Conversion
DRCT
DRCT
NEUP
NEUP
Q4 25
Q3 25
Q2 25
Q1 25
1.02×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DRCT
DRCT

Buy Side Advertising$8.2M98%
Other$183.0K2%

NEUP
NEUP

Segment breakdown not available.

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