Direct Digital Holdings, Inc.

DRCTNASDAQCommunication Services● Active

$2.89

$-0.29(-8.98%)

Market Cap$416264

P/E Ratio—

52W High$172.7

52W Low$2.17

Avg Volume209K

Open$2.80

Beta5.30

Free Cash Flow Financials Revenue

Direct Digital Holdings, Inc. (DRCT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DRCT · free cash flow · updated Jun 8, 2026

Core FCF metrics

DRCT · FCF · TTM · margin & CAGR

Free cash flow was −$9.0M for FY2025 (fiscal year ending 2025-12-31), down 3.8% year-over-year The FCF margin was -25.9%.

FY2025 Free Cash Flow−$9.0M▼ -3.8% YoY

Trailing 12M (TTM)−$7.3Mtrailing 4 quarters sum

FCF Margin-25.9%−$9.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DRCT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$8.9M(0M)−$9.0M▼ 3.8%-25.9%

FY2024−$8.6M(0M)−$8.7M▼ 464.1%-13.9%

FY2023$2.6M(0M)$2.4M▲ +73.0%1.5%

FY2022$2.1M(1M)$1.4M▼ 63.3%1.5%

FY2021$3.8M(0M)$3.8M▲ +752.9%9.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DRCT · P/FCF · FCF yield · FCF per share

Direct Digital Holdings, Inc. (DRCT) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DRCT · cash flow statement · operating / investing / financing

For FY2025, Direct Digital Holdings, Inc. generated −$8.9M in operating cash flow and spent 0M in capital expenditures, yielding −$9.0M in free cash flow.

Operating Activities

−$8.9M

Cash from core business operations

2025-12-31

Investing Activities

−$0.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$8.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$8.9M) − |CapEx| (0M) = FCF (−$9.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

DRCT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Direct Digital Holdings, Inc.YOU

DRCT

−$9.0M-3.8%-25.9%

Loss

About Free Cash Flow & Methodology

Direct Digital Holdings, Inc. (DRCT) reported free cash flow of −$9.0M for FY2025 (fiscal year ending 2025-12-31), down 3.8% year-over-year. The FCF margin was -25.9%.

Based on available data, Direct Digital Holdings, Inc. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $3.8M in FY2021.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DRCT free cash flow · 8 questions

Direct Digital Holdings, Inc. free cash flow was −$9.0M for FY2025, down 3.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$7.3M.

DRCT free cash flowDRCT FCFDRCT FCF 2025DRCT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Direct Digital Holdings, Inc. · Direct Digital Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026