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Direct Digital Holdings (DRCT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Direct Digital Holdings (DRCT) Q2 2026 earnings results →
Q2 2026 Revenue down 23% year over year to $7.8M · 46¢ of every $1 of revenue lost · operating margin -37.4%
Direct Digital Holdings made $7.8M in Q2 2026 (-23% Y/Y). Operating margin -37.4%, net loss $3.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $7.8M in Q2 2026, down 23% year over year and up 17% from the previous quarter.
Gross margin was 34.0%, down 1.1 points from Q2 2025. Operating costs exceeded revenue by $2.9M, an operating margin of -37.4%. Operating expenses fell 7% while revenue fell 23%. The quarter ended with a net loss of $3.6M, narrower than the previous quarter's $5.6M loss. Minority interests bore $194K of it: to shareholders the quarter was a loss of $3.4M.
Operating cash flow was −$884K. Non-cash charges added back $34K of depreciation and amortization and $84K of share-based compensation. Working capital and other items added $2.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $7.8M | -23% | -37.4% | −$3.6M | −$884K |
| Q1 2026 | 10-Q | May 15, 2026 | $6.7M | -18% | -48.7% | −$5.6M | −$1.1M |
| Q4 2025 | 10-K | Mar 31, 2026 | $8.4M | -7% | -53.5% | −$12.6M | −$1.9M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $8.0M | -12% | -49.0% | −$5.0M | −$1.6M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $10.1M | -54% | -23.9% | −$4.2M | −$2.7M |
| Q1 2025 | 10-Q | May 7, 2025 | $8.2M | -63% | -48.1% | −$5.9M | −$2.7M |
| Q4 2024 | 10-K | Mar 28, 2025 | $9.1M | -78% | -51.8% | −$6.6M | −$1.6M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Direct Digital Holdings
We are an end-to-end, full-service advertising and marketing platform primarily focused on providing advertising technology, data-driven campaign optimization and other solutions to help brands, agencies and middle market businesses deliver successful marketing results that drive return on investment ("ROI") across both the sell- and buy-side of the digital advertising ecosystem. Direct Digital Holdings, Inc., incorporated as a Delaware corporation on August 23, 2021 and headquartered in Houston, Texas, is the holding company for DDH LLC, the business formed by our founders in 2018 through acquisitions of Colossus Media and Huddled Masses. Colossus Media operates our proprietary sell-side programmatic platform operating under the trademarked banner of Colossus SSP™.
In its own words, from its 10-K, filed Mar 31, 2026.
Direct Digital Holdings against its Services-Advertising peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -23% against the peers' median +8%. Operating margin: -37.4% against the peers' median -0.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DRCT Direct Digital Holdings | Q2 2026 | $7.8M | -23% | -37.4% |
| CCO Clear Channel Outdoor Holdings | Q2 2026 | $438M | +9% | 20.3% |
| ANGI Angi | Q3 2026 | $242M | -9% | 6.4% |
| THRY Thryv Holdings | Q2 2026 | $151M | -28% | -0.8% |
| IBTA Ibotta | Q3 2026 | $97.8M | +18% | 4.8% |
| MNTN Mntn | Q3 2026 | $80.3M | +15% | 10.9% |
| NCMI National CineMedia | Q2 2026 | $58.4M | +13% | -21.9% |
| FLNT Fluent | Q2 2026 | $48.4M | +8% | -10.2% |
| TZOO Travelzoo | Q3 2026 | $22.9M | +3% | -11.2% |
Source: Direct Digital Holdings 10-Q on SEC EDGAR · CIK 1880613 · Services-Advertising
More on DRCT
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results