Direct Digital Holdings (DRCT) Cost of Revenue (2021 - 2026)
Direct Digital Holdings (DRCT) posted quarterly Cost of Revenue of $4.4 million for Q1 2026, down 23.35% year-over-year from $5.8 million in Q1 2025, and down 28.26% quarter-over-quarter from $6.2 million in Q4 2025.
Direct Digital Holdings (DRCT) Cost of Revenue (2021 - 2026) Analysis & Trends
Direct Digital Holdings (DRCT) has reported Cost of Revenue for 6 consecutive years, with $4.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 23.35% year-over-year to $4.4 million; the TTM figure through Mar 2026 stood at $22.9 million (down 31.32% YoY), while the FY2025 annual figure was $24.3 million, down 45.93% from the prior year.
- Cost of Revenue eased to $4.4 million in Q1 2026 per DRCT's latest filing, from $6.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $47.7 million in Q3 2023 and bottomed at -$79.0 million in Q4 2023.
- Historically, Cost of Revenue has averaged $8.4 million across 5 years, with a median of $6.6 million in 2022.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 349.0% — and 2023, when it plunged 459.16%.
- Direct Digital Holdings' Cost of Revenue stood at $22.0 million in 2022, then slumped by 459.16% to -$79.0 million in 2023, then surged by 107.77% to $6.1 million in 2024, then advanced by 0.36% to $6.2 million in 2025, then decreased by 28.26% to $4.4 million in 2026.
- Business Quant data shows DRCT's Cost of Revenue at $4.4 million in Q1 2026, $6.2 million in Q4 2025, and $5.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 103.70 Bn | 100.65 Bn | 1.70 Bn | 225.80 Mn |
| 2 | Omnicom | 24.37 Bn | 21.03 Bn | 1.30 Bn | 5.26 Bn |
| 3 | Trade Desk | 6.27 Bn | 4.78 Bn | 530.72 Mn | 184.33 Mn |
| 4 | Wpp | 5.67 Bn | 2.50 Bn | - | - |
| 5 | Magnite | 3.35 Bn | 3.02 Bn | 130.79 Mn | 62.04 Mn |
| 6 | Stagwell | 2.09 Bn | 1.98 Bn | 269.24 Mn | 517.06 Mn |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 32.48 Mn |
| 8 | Ziff Davis | 2.02 Bn | 410.50 Mn | 241.03 Mn | 45.71 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.22 Bn | 1.02 Bn | 241.86 Mn | 196.18 Mn |
| 10 | Direct Digital Holdings | 1.79 Mn | 1.27 Mn | 2.66 Mn | 5.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.42 Mn |
| Mar 31, 2026 | 4.42 Mn |
| Dec 31, 2025 | 6.16 Mn |
| Dec 31, 2025 | 6.16 Mn |
| Sep 30, 2025 | 5.77 Mn |
| Sep 30, 2025 | 5.77 Mn |
| Jun 30, 2025 | 6.58 Mn |
| Jun 30, 2025 | 6.58 Mn |
| Mar 31, 2025 | 5.76 Mn |
| Mar 31, 2025 | 5.76 Mn |
| Dec 31, 2024 | 6.14 Mn |
| Dec 31, 2024 | 6.14 Mn |
| Sep 30, 2024 | 5.56 Mn |
| Sep 30, 2024 | 5.56 Mn |
| Jun 30, 2024 | 15.92 Mn |
| Jun 30, 2024 | 15.92 Mn |
| Mar 31, 2024 | 17.28 Mn |
| Mar 31, 2024 | 17.28 Mn |
| Dec 31, 2023 | -79.01 Mn |
| Dec 31, 2023 | -79.01 Mn |