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Side-by-side financial comparison of Direct Digital Holdings, Inc. (DRCT) and Zepp Health Corp (ZEPP). Click either name above to swap in a different company.

Zepp Health Corp is the larger business by last-quarter revenue ($10.5M vs $8.4M, roughly 1.2× Direct Digital Holdings, Inc.). Zepp Health Corp runs the higher net margin — -2.1% vs -138.7%, a 136.6% gap on every dollar of revenue. Over the past eight quarters, Zepp Health Corp's revenue compounded faster (-7.9% CAGR vs -38.6%).

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...

Zepp Health Corp is a global digital health and smart wearable technology company. It develops and sells fitness trackers, smartwatches, and AI-powered health monitoring tools, serving individual consumers, sports teams, and healthcare providers across Asia, North America, and Europe, with core focus on wellness tracking and remote health management solutions.

DRCT vs ZEPP — Head-to-Head

Bigger by revenue
ZEPP
ZEPP
1.2× larger
ZEPP
$10.5M
$8.4M
DRCT
Higher net margin
ZEPP
ZEPP
136.6% more per $
ZEPP
-2.1%
-138.7%
DRCT
Faster 2-yr revenue CAGR
ZEPP
ZEPP
Annualised
ZEPP
-7.9%
-38.6%
DRCT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DRCT
DRCT
ZEPP
ZEPP
Revenue
$8.4M
$10.5M
Net Profit
$-11.7M
$-223.0K
Gross Margin
26.8%
38.2%
Operating Margin
-53.4%
-1.2%
Net Margin
-138.7%
-2.1%
Revenue YoY
-7.4%
Net Profit YoY
-434.7%
EPS (diluted)
$-74.97
$-0.01

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
ZEPP
ZEPP
Q4 25
$8.4M
Q3 25
$8.0M
$10.5M
Q2 25
$10.1M
$8.2M
Q1 25
$8.2M
$5.3M
Q4 24
$9.1M
Q3 24
$9.1M
$5.9M
Q2 24
$21.9M
$5.6M
Q1 24
$22.3M
$5.5M
Net Profit
DRCT
DRCT
ZEPP
ZEPP
Q4 25
$-11.7M
Q3 25
$-2.7M
$-223.0K
Q2 25
$-2.2M
$-1.1M
Q1 25
$-2.4M
$-2.7M
Q4 24
$-2.2M
Q3 24
$-2.7M
$-1.8M
Q2 24
$-590.0K
$-1.5M
Q1 24
$-775.0K
$-2.0M
Gross Margin
DRCT
DRCT
ZEPP
ZEPP
Q4 25
26.8%
Q3 25
27.7%
38.2%
Q2 25
35.1%
36.2%
Q1 25
29.3%
37.3%
Q4 24
32.5%
Q3 24
38.7%
40.6%
Q2 24
27.1%
40.3%
Q1 24
22.4%
36.8%
Operating Margin
DRCT
DRCT
ZEPP
ZEPP
Q4 25
-53.4%
Q3 25
-49.0%
-1.2%
Q2 25
-23.9%
-10.3%
Q1 25
-48.1%
-47.7%
Q4 24
-51.8%
Q3 24
-40.3%
-29.5%
Q2 24
-9.4%
-24.3%
Q1 24
-12.6%
-39.6%
Net Margin
DRCT
DRCT
ZEPP
ZEPP
Q4 25
-138.7%
Q3 25
-33.6%
-2.1%
Q2 25
-22.2%
-13.0%
Q1 25
-28.9%
-51.2%
Q4 24
-24.0%
Q3 24
-29.6%
-31.2%
Q2 24
-2.7%
-26.7%
Q1 24
-3.5%
-36.8%
EPS (diluted)
DRCT
DRCT
ZEPP
ZEPP
Q4 25
$-74.97
Q3 25
$-0.24
$-0.01
Q2 25
$-0.23
$-0.07
Q1 25
$-0.35
$-0.17
Q4 24
$-90.17
Q3 24
$-0.71
$-0.01
Q2 24
$-0.16
$-0.01
Q1 24
$-0.22
$-0.01

Balance Sheet & Financial Strength

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

Metric
DRCT
DRCT
ZEPP
ZEPP
Cash + ST InvestmentsLiquidity on hand
$728.0K
$8.7M
Total DebtLower is stronger
$9.6M
Stockholders' EquityBook value
$-7.0M
$31.2M
Total Assets
$20.2M
$80.9M
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DRCT
DRCT
ZEPP
ZEPP
Q4 25
$728.0K
Q3 25
$871.0K
$8.7M
Q2 25
$1.6M
$7.8M
Q1 25
$1.8M
$10.7M
Q4 24
$1.4M
Q3 24
$4.1M
$16.4M
Q2 24
$1.1M
$17.0M
Q1 24
$3.3M
$17.9M
Total Debt
DRCT
DRCT
ZEPP
ZEPP
Q4 25
Q3 25
$10.8M
$9.6M
Q2 25
$33.5M
$9.7M
Q1 25
$32.9M
$9.6M
Q4 24
Q3 24
$150.0K
$5.7M
Q2 24
$34.8M
$7.3M
Q1 24
$32.4M
$11.2M
Stockholders' Equity
DRCT
DRCT
ZEPP
ZEPP
Q4 25
$-7.0M
Q3 25
$-6.7M
$31.2M
Q2 25
$-24.6M
$31.1M
Q1 25
$-23.3M
Q4 24
$-19.7M
Q3 24
$-16.7M
Q2 24
$-10.5M
$44.6M
Q1 24
$-7.5M
Total Assets
DRCT
DRCT
ZEPP
ZEPP
Q4 25
$20.2M
Q3 25
$22.5M
$80.9M
Q2 25
$23.3M
$75.8M
Q1 25
$23.8M
$71.6M
Q4 24
$26.0M
Q3 24
$31.3M
$81.3M
Q2 24
$48.5M
$79.7M
Q1 24
$52.8M
$80.5M
Debt / Equity
DRCT
DRCT
ZEPP
ZEPP
Q4 25
Q3 25
0.31×
Q2 25
0.31×
Q1 25
Q4 24
Q3 24
Q2 24
0.16×
Q1 24

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
ZEPP
ZEPP
Operating Cash FlowLast quarter
$-1.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DRCT
DRCT
ZEPP
ZEPP
Q4 25
$-1.9M
Q3 25
$-1.6M
Q2 25
$-2.7M
Q1 25
$-2.7M
Q4 24
$-1.6M
Q3 24
$3.0M
Q2 24
$-4.4M
Q1 24
$-5.7M

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%

ZEPP
ZEPP

Segment breakdown not available.

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