Direct Digital Holdings (DRCT) reported second-quarter 2026 revenue of $7.8 million, down 23% from $10.1 million a year earlier. The company reported a net loss of $3.6 million, compared with a net loss of $4.2 million in the second quarter of 2025.
For the first six months of 2026, revenue was $14.5 million, down 21% from $18.3 million in the same period of 2025, while net loss was $9.2 million compared with $10.1 million a year earlier. The company said it was not in compliance with certain financial covenants under its credit facility as of June 30, 2026, and management is working with its lender to obtain a waiver.
- Second-quarter gross profit was $2.7 million, or 34% of revenue, compared with $3.6 million, or 35% of revenue, a year earlier.
- Operating expenses fell 7% to $5.6 million in the second quarter.
- Operating loss was $2.9 million, compared with $2.4 million in the second quarter of 2025.
- Cash and cash equivalents were $0.5 million as of June 30, 2026, compared with $0.7 million at Dec. 31, 2025.
- The company said demand-side platform customer spending decreased by $2.5 million in the second quarter.
- A webcast and replay are available through the company’s investor relations site at ir.directdigitalholdings.com.
$DRCT Insider Trading Activity
$DRCT insiders have traded $DRCT stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $DRCT stock by insiders over the last 6 months:
- MARK D WALKER (Chairman and CEO) sold 1,363 shares for an estimated $3,816
- RICHARD COHEN has made 0 purchases and 2 sales selling 101 shares for an estimated $297.
- MISTELLE LOCKE has made 0 purchases and 2 sales selling 101 shares for an estimated $297.
- ANTOINETTE RENEE LEATHERBERRY has made 0 purchases and 2 sales selling 90 shares for an estimated $265.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$DRCT Hedge Fund Activity
We have seen 2 institutional investors add shares of $DRCT stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DOLIVER ADVISORS, LP removed 102,569 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $277,961
- GEODE CAPITAL MANAGEMENT, LLC removed 11,257 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $30,506
- HHM WEALTH ADVISORS, LLC removed 2,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $5,420
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 1,304 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,056
- TOWER RESEARCH CAPITAL LLC (TRC) removed 1,071 shares (-62.3%) from their portfolio in Q2 2026, for an estimated $2,902
- FLOW TRADERS U.S. LLC removed 304 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $246
- UBS GROUP AG added 169 shares (+3.1%) to their portfolio in Q1 2026, for an estimated $136
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
