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Filing Flows › Direct Digital Holdings (DRCT) › Q1 2026 › vs Q4 2025

Direct Digital Holdings (DRCT) Q1 2026 vs Q4 2025 (quarter over quarter)

Direct Digital Holdings's revenue fell $1.7M (-21%) from $8.4M in Q4 2025 to $6.7M in Q1 2026.

Direct Digital Holdings, Q1 2026: revenue $6.7M (-18% year over year), operating margin -48.7%, net loss $5.6M, operating cash flow −$1.1M. The chart draws each line against Q4 2025, the increases inside each band.

Direct Digital Holdings: what changed, Q1 2026 vs Q4 2025Direct Digital Holdings: what changed, Q1 2026 vs Q4 2025Costs & expenses−$8.7MNet loss−$7.0MOperating cash sources−$7.0MNet loss absorbed−$7.0MWorking capital & other−$6.0MInterest & other, net−$5.8MOperating costs−$3.0MCost of revenue−$1.7MCash used in operations−$821KGeneral & admin−$668K

Every line

LineQ1 2026Q4 2025Change%
Revenue$6.7M$8.4M−$1.7M-21%
Net loss$5.6M$12.6M−$7.0M-56%
Costs & expenses$12.3M$21.0M−$8.7M-42%
Operating costs$9.9M$12.9M−$3.0M-23%
Interest & other, net$2.3M$8.1M−$5.8M-71%
Cost of revenue$4.4M$6.2M−$1.7M-28%
General & admin$2.5M$3.2M−$668K-21%
Other operating costs$3.0M$3.6M−$564K-16%
Operating cash sources$5.6M$12.6M−$7.0M-56%
Depreciation & amortization$33K$47K−$14K-30%
Share-based compensation$183K$391K−$208K-53%
Working capital & other$4.3M$10.3M−$6.0M-58%
Cash used in operations$1.1M$1.9M−$821K-44%
Net loss absorbed$5.6M$12.6M−$7.0M-56%

Questions

How much did Direct Digital Holdings's revenue grow quarter over quarter in Q1 2026?

Direct Digital Holdings's revenue fell $1.7M (-21%) from $8.4M in Q4 2025 to $6.7M in Q1 2026.

Q1 2026 results → · Compare in the interactive Sankey →