2024 Q3 Form 10-Q Financial Statement

#000162828024047668 Filed on November 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $9.075M
YoY Change -84.74%
Cost Of Revenue $5.561M
YoY Change -88.35%
Gross Profit $3.514M
YoY Change -70.1%
Gross Profit Margin 38.72%
Selling, General & Admin $7.146M
YoY Change -1.43%
% of Gross Profit 203.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.00K
YoY Change 5.2%
% of Gross Profit 1.91%
Operating Expenses $7.172M
YoY Change -1.2%
Operating Profit -$3.658M
YoY Change -181.41%
Interest Expense -$1.413M
YoY Change -233.32%
% of Operating Profit
Other Income/Expense, Net $3.887M
YoY Change -498.03%
Pretax Income $229.0K
YoY Change -93.49%
Income Tax $6.606M
% Of Pretax Income 2884.72%
Net Earnings -$2.690M
YoY Change -180.28%
Net Earnings / Revenue -29.64%
Basic Earnings Per Share -$0.71
Diluted Earnings Per Share -$0.71
COMMON SHARES
Basic Shares Outstanding 3.793M shares
Diluted Shares Outstanding 3.793M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.087M
YoY Change -25.42%
Cash & Equivalents $4.100M
Short-Term Investments
Other Short-Term Assets $1.112M
YoY Change -22.24%
Inventory
Prepaid Expenses
Receivables $6.287M
Other Receivables $0.00
Total Short-Term Assets $11.49M
YoY Change -81.34%
LONG-TERM ASSETS
Property, Plant & Equipment $409.0K
YoY Change -34.56%
Goodwill $6.500M
YoY Change -0.3%
Intangibles $10.22M
YoY Change -16.05%
Long-Term Investments
YoY Change
Other Assets $47.00K
YoY Change -63.13%
Total Long-Term Assets $19.81M
YoY Change -21.41%
TOTAL ASSETS
Total Short-Term Assets $11.49M
Total Long-Term Assets $19.81M
Total Assets $31.29M
YoY Change -63.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.452M
YoY Change -85.67%
Accrued Expenses $881.0K
YoY Change -78.36%
Deferred Revenue $1.000M
YoY Change -4.22%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $36.67M
YoY Change 3098.87%
Total Short-Term Liabilities $45.30M
YoY Change -14.39%
LONG-TERM LIABILITIES
Long-Term Debt $150.0K
YoY Change -99.33%
Other Long-Term Liabilities $832.0K
YoY Change -83.23%
Total Long-Term Liabilities $150.0K
YoY Change -99.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.30M
Total Long-Term Liabilities $150.0K
Total Liabilities $46.28M
YoY Change -42.4%
SHAREHOLDERS EQUITY
Retained Earnings -$6.600M
YoY Change 175.06%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.097M
YoY Change
Total Liabilities & Shareholders Equity $31.29M
YoY Change -63.93%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$2.690M
YoY Change -180.28%
Depreciation, Depletion And Amortization $67.00K
YoY Change 5.2%
Cash From Operating Activities $3.016M
YoY Change 102.42%
INVESTING ACTIVITIES
Capital Expenditures $7.000K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$7.000K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.000K
YoY Change -100.54%
NET CHANGE
Cash From Operating Activities 3.016M
Cash From Investing Activities -7.000K
Cash From Financing Activities 9.000K
Net Change In Cash 3.018M
YoY Change -1688.42%
FREE CASH FLOW
Cash From Operating Activities $3.016M
Capital Expenditures $7.000K
Free Cash Flow $3.009M
YoY Change 101.95%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001880613
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Registrant Name
EntityRegistrantName
DIRECT DIGITAL HOLDINGS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
87-2306185
dei Entity Address Address Line1
EntityAddressAddressLine1
1177 West Loop South
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1310
dei Entity Address City Or Town
EntityAddressCityOrTown
Houston
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77027
dei City Area Code
CityAreaCode
832
dei Local Phone Number
LocalPhoneNumber
402-1051
dei Security12b Title
Security12bTitle
Class A Common Stock, par value $0.001 per share
dei Trading Symbol
TradingSymbol
DRCT
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4087000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5116000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
385000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
344000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6287000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
37207000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1112000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
759000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
43082000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
409000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
599000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
6520000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
6520000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10219000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11684000 usd
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
0 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
6132000 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
1737000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
873000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
788000 usd
CY2024Q3 us-gaap Other Receivables
OtherReceivables
1737000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
130000 usd
CY2024Q3 us-gaap Assets
Assets
31291000 usd
CY2023Q4 us-gaap Assets
Assets
70672000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
6452000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
33926000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
881000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3816000 usd
CY2024Q3 drct Current Portion Of Liability Related To Tax Receivable Agreement
CurrentPortionOfLiabilityRelatedToTaxReceivableAgreement
41000 usd
CY2023Q4 drct Current Portion Of Liability Related To Tax Receivable Agreement
CurrentPortionOfLiabilityRelatedToTaxReceivableAgreement
41000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1478000 usd
CY2024Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
976000 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
381000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
126000 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
99000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
34000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
45299000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
39802000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
150000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
28578000 usd
CY2024Q3 drct Liability Related To Tax Receivable Agreement Net Of Current Portion
LiabilityRelatedToTaxReceivableAgreementNetOfCurrentPortion
0 usd
CY2023Q4 drct Liability Related To Tax Receivable Agreement Net Of Current Portion
LiabilityRelatedToTaxReceivableAgreementNetOfCurrentPortion
5201000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
832000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
773000 usd
CY2024Q3 us-gaap Liabilities
Liabilities
46281000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
74354000 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3481000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3067000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2538000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
-11893000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
-4225000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-14990000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-3682000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
31291000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
70672000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
59472000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53205000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
116099000 usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
5561000 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
47719000 usd
us-gaap Cost Of Revenue
CostOfRevenue
38761000 usd
us-gaap Cost Of Revenue
CostOfRevenue
87840000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
3514000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
11753000 usd
us-gaap Gross Profit
GrossProfit
14444000 usd
us-gaap Gross Profit
GrossProfit
28259000 usd
CY2024Q3 drct Compensation Taxes And Benefits Expenses
CompensationTaxesAndBenefitsExpenses
3526000 usd
CY2023Q3 drct Compensation Taxes And Benefits Expenses
CompensationTaxesAndBenefitsExpenses
4747000 usd
drct Compensation Taxes And Benefits Expenses
CompensationTaxesAndBenefitsExpenses
12216000 usd
drct Compensation Taxes And Benefits Expenses
CompensationTaxesAndBenefitsExpenses
12934000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3646000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10757000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8718000 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
7172000 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
7259000 usd
us-gaap Operating Expenses
OperatingExpenses
22973000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
36667000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
183000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3658000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4494000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-8529000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
6607000 usd
CY2024Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
99000 usd
CY2023Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
83000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
190000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
175000 usd
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-300000 usd
dei Amendment Flag
AmendmentFlag
false
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
47000 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
11486000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-6593000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9075000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2512000 usd
us-gaap Operating Expenses
OperatingExpenses
21652000 usd
CY2024Q3 drct Other Nonoperating Income Expense Adjustments To Tax Receivable Liability
OtherNonoperatingIncomeExpenseAdjustmentsToTaxReceivableLiability
5201000 usd
CY2023Q3 drct Other Nonoperating Income Expense Adjustments To Tax Receivable Liability
OtherNonoperatingIncomeExpenseAdjustmentsToTaxReceivableLiability
0 usd
drct Other Nonoperating Income Expense Adjustments To Tax Receivable Liability
OtherNonoperatingIncomeExpenseAdjustmentsToTaxReceivableLiability
5201000 usd
drct Other Nonoperating Income Expense Adjustments To Tax Receivable Liability
OtherNonoperatingIncomeExpenseAdjustmentsToTaxReceivableLiability
0 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1413000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1060000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
4068000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
3104000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3887000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-977000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1323000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3229000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
229000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3517000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7206000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3378000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6606000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6132000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-6377000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
3351000 usd
us-gaap Profit Loss
ProfitLoss
-13338000 usd
us-gaap Profit Loss
ProfitLoss
3212000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3687000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2780000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-9283000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2663000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-2690000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
571000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4055000 usd
us-gaap Net Income Loss
NetIncomeLoss
549000 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.71
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.71
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3793000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2990000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3667000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2938000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3793000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3044000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3667000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3080000 shares
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-3682000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
811000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
drct Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
215000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
92000 usd
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
912000 usd
us-gaap Profit Loss
ProfitLoss
-13338000 usd
drct Noncontrolling Interest Rebalancing
NoncontrollingInterestRebalancing
0 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-14990000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-8772000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
149000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-6377000 usd
CY2024Q3 drct Noncontrolling Interest Rebalancing
NoncontrollingInterestRebalancing
0 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-14990000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5595000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
546000 usd
drct Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
12000 usd
drct Adjustments To Additional Paid In Capital Warrant Redemption
AdjustmentsToAdditionalPaidInCapitalWarrantRedemption
-3540000 usd
drct Distribution Made To Limited Liability Company Llc Member Distributions
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributions
-1968000 usd
us-gaap Profit Loss
ProfitLoss
3212000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3857000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5020000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
242000 usd
CY2023Q3 drct Adjustments To Additional Paid In Capital Warrant Redemption
AdjustmentsToAdditionalPaidInCapitalWarrantRedemption
-3540000 usd
CY2023Q3 drct Distribution Made To Limited Liability Company Llc Member Distributions
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributions
-1216000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
3351000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3857000 usd
us-gaap Profit Loss
ProfitLoss
-13338000 usd
us-gaap Profit Loss
ProfitLoss
3212000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
558000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
435000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1465000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1465000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
115000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
124000 usd
us-gaap Depreciation
Depreciation
205000 usd
us-gaap Depreciation
Depreciation
185000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
811000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
546000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6132000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
82000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-300000 usd
drct Other Nonoperating Income Expense Adjustments To Tax Receivable Liability
OtherNonoperatingIncomeExpenseAdjustmentsToTaxReceivableLiability
5201000 usd
drct Other Nonoperating Income Expense Adjustments To Tax Receivable Liability
OtherNonoperatingIncomeExpenseAdjustmentsToTaxReceivableLiability
0 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
36000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
98000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-30884000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
28381000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
394000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
524000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-27474000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
27326000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1471000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-753000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
65000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-61000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
595000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
497000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-83000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-70000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7095000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4481000 usd
drct Payments To Acquire Capitalized Software Property Plant And Equipment
PaymentsToAcquireCapitalizedSoftwarePropertyPlantAndEquipment
17000 usd
drct Payments To Acquire Capitalized Software Property Plant And Equipment
PaymentsToAcquireCapitalizedSoftwarePropertyPlantAndEquipment
137000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-137000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
373000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
491000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
6700000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
551000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
442000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
92000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
215000 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
12000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
1988000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6083000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2909000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1029000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1435000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5116000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4047000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4087000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5482000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
263000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
349000 usd
us-gaap Interest Paid Net
InterestPaidNet
3472000 usd
us-gaap Interest Paid Net
InterestPaidNet
2667000 usd
drct Accrual Of Warrant Redemption Liability
AccrualOfWarrantRedemptionLiability
0 usd
drct Accrual Of Warrant Redemption Liability
AccrualOfWarrantRedemptionLiability
3540000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1000000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
400000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
400000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
500000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
6500000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
6500000 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7300000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
500000 usd
drct Accounts Receivable Guaranteed Recovery Of Uncollected Balances From Insurance Percent
AccountsReceivableGuaranteedRecoveryOfUncollectedBalancesFromInsurancePercent
0.90
drct Accounts Receivable Remittance From Insurance On Collection Of Full Amounts Percent
AccountsReceivableRemittanceFromInsuranceOnCollectionOfFullAmountsPercent
0.10
drct Accounts Receivable Provision For Doubtful Accounts Percent
AccountsReceivableProvisionForDoubtfulAccountsPercent
0.10
drct Accounts Receivable Credit Loss Expense Reversal Net Of Recoveries
AccountsReceivableCreditLossExpenseReversalNetOfRecoveries
100000 usd
drct Accounts Receivable Credit Loss Expense Reversal Net Of Recoveries
AccountsReceivableCreditLossExpenseReversalNetOfRecoveries
100000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Concentrations of customers and suppliers</span></div>There is an inherent concentration of credit risk associated with accounts receivable arising from revenue from major customers on both the sell-side and buy-side of the business.
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
277000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2789000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
534000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
631000 usd
CY2024Q3 drct Accrued Severance Current
AccruedSeveranceCurrent
0 usd
CY2023Q4 drct Accrued Severance Current
AccruedSeveranceCurrent
189000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
0 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
171000 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
70000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
36000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
881000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3816000 usd
CY2022Q3 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
500000 usd
CY2022Q3 drct Litigation Settlement Installment Payment Period
LitigationSettlementInstallmentPaymentPeriod
P24M
us-gaap Profit Loss
ProfitLoss
-13300000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-6600000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4100000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
38071000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
31744000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1254000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1688000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
36817000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
30056000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
36667000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1478000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
150000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
28578000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1109000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
11160000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
25656000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
3000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3000 usd
CY2024Q3 drct Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
140000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
38071000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
36667000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1254000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
150000 usd
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
0 usd
CY2023Q3 drct Warrant Price In Cash
WarrantPriceInCash
1.20
CY2023Q4 drct Number Of Warrants Tendered
NumberOfWarrantsTendered
2213652 shares
CY2023Q4 drct Warrants Tendered Value
WarrantsTenderedValue
2700000 usd
CY2023Q4 drct Redemption Price Per Warrant
RedemptionPricePerWarrant
0.35
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1004148 shares
CY2023Q4 drct Warrants Tendered Value
WarrantsTenderedValue
400000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
542396 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.87
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
99474 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
16.90
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
362799 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
6.76
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
14111 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
3.01
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
264960 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.79
drct Tax Receivable Agreement Percentage Of Net Cash Saving To Be Paid
TaxReceivableAgreementPercentageOfNetCashSavingToBePaid
0.85
drct Tax Receivable Agreement Percentage Of Net Cash Saving To Be Retained
TaxReceivableAgreementPercentageOfNetCashSavingToBeRetained
0.15
CY2023Q4 drct Liability Related To Tax Receivable Agreement
LiabilityRelatedToTaxReceivableAgreement
5200000 usd
drct Outside Basis Difference In Partnership
OutsideBasisDifferenceInPartnership
0 usd
CY2023 drct Outside Basis Difference In Partnership
OutsideBasisDifferenceInPartnership
6100000 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7300000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
500000 usd
drct Aggregate Payment On Tax Receivable Agreement
AggregatePaymentOnTaxReceivableAgreement
0 usd
drct Aggregate Payment On Tax Receivable Agreement
AggregatePaymentOnTaxReceivableAgreement
100000 usd
drct Other Nonoperating Income Expense Adjustments To Tax Receivable Liability
OtherNonoperatingIncomeExpenseAdjustmentsToTaxReceivableLiability
5200000 usd
CY2024Q3 drct Other Nonoperating Income Expense Adjustments To Tax Receivable Liability
OtherNonoperatingIncomeExpenseAdjustmentsToTaxReceivableLiability
5200000 usd
CY2023Q1 drct Corporate Income Tax Rate On Taxable Income
CorporateIncomeTaxRateOnTaxableIncome
0.2045
CY2023Q4 drct Corporate Income Tax Rate On Taxable Income
CorporateIncomeTaxRateOnTaxableIncome
0.2335
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6606000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6132000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166000 usd
CY2024Q3 drct Corporate Income Tax Rate On Taxable Income
CorporateIncomeTaxRateOnTaxableIncome
28.847
CY2023Q3 drct Corporate Income Tax Rate On Taxable Income
CorporateIncomeTaxRateOnTaxableIncome
0.047
drct Corporate Income Tax Rate On Taxable Income
CorporateIncomeTaxRateOnTaxableIncome
-0.851
drct Corporate Income Tax Rate On Taxable Income
CorporateIncomeTaxRateOnTaxableIncome
0.049
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
drct Other Nonoperating Income Expense Adjustments To Tax Receivable Liability
OtherNonoperatingIncomeExpenseAdjustmentsToTaxReceivableLiability
5200000 usd
CY2024Q3 drct Other Nonoperating Income Expense Adjustments To Tax Receivable Liability
OtherNonoperatingIncomeExpenseAdjustmentsToTaxReceivableLiability
5200000 usd
CY2024Q3 drct Current Portion Of Liability Related To Tax Receivable Agreement
CurrentPortionOfLiabilityRelatedToTaxReceivableAgreement
41000 usd
CY2023Q4 drct Current Portion Of Liability Related To Tax Receivable Agreement
CurrentPortionOfLiabilityRelatedToTaxReceivableAgreement
41000 usd
CY2024Q3 drct Liability Related To Tax Receivable Agreement Net Of Current Portion
LiabilityRelatedToTaxReceivableAgreementNetOfCurrentPortion
0 usd
CY2023Q4 drct Liability Related To Tax Receivable Agreement Net Of Current Portion
LiabilityRelatedToTaxReceivableAgreementNetOfCurrentPortion
5201000 usd
CY2024Q3 drct Liability Related To Tax Receivable Agreement
LiabilityRelatedToTaxReceivableAgreement
41000 usd
CY2023Q4 drct Liability Related To Tax Receivable Agreement
LiabilityRelatedToTaxReceivableAgreement
5242000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3658000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4494000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-8529000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
6607000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
229000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3517000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7206000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3378000 usd
CY2024Q3 us-gaap Assets
Assets
31291000 usd
CY2023Q4 us-gaap Assets
Assets
70672000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-2690000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
571000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4055000 usd
us-gaap Net Income Loss
NetIncomeLoss
549000 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
296000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
296000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
285000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
285000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2690000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2690000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
275000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
275000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4055000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4055000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
264000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
264000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3793000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2990000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3667000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2938000 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
20000 shares
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0 shares
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
24000 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
34000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
0 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
118000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3793000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3044000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3667000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3080000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.71
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.71
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11482000 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12116000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11632000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12025000 shares
us-gaap Operating Lease Expense
OperatingLeaseExpense
200000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
200000 usd
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
71000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
41000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
142000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
121000 usd
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
200000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.083
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.084
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
64000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
258000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
265000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
269000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
167000 usd
CY2024Q3 drct Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
200000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1223000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
208000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
183000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
832000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
901000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
886000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
492000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
287000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
409000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
599000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
67000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
64000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
205000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
185000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11700000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18034000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7815000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10219000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18034000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6350000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11684000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
488000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1879000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1653000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1653000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1653000 usd
CY2024Q3 drct Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
2893000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10219000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001628280-24-047668-index-headers.html Edgar Link pending
0001628280-24-047668-index.html Edgar Link pending
0001628280-24-047668.txt Edgar Link pending
0001628280-24-047668-xbrl.zip Edgar Link pending
drct-09302024xexx311.htm Edgar Link pending
drct-09302024xexx312.htm Edgar Link pending
drct-09302024xexx321.htm Edgar Link pending
drct-09302024xexx322.htm Edgar Link pending
drct-20240930.htm Edgar Link pending
drct-20240930.xsd Edgar Link pending
fifthamendmenttotermloanan.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
drct-20240930_def.xml Edgar Link unprocessable
drct-20240930_lab.xml Edgar Link unprocessable
drct-20240930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
thirdamendmenttocreditagre.htm Edgar Link pending
drct-20240930_cal.xml Edgar Link unprocessable
drct-20240930_htm.xml Edgar Link completed