Direct Digital Holdings (DRCT) Cost of Revenue (2021 - 2026)
Direct Digital Holdings (DRCT) posted Cost of Revenue of $5.17 million for Q2 2026, down 21.5% from $6.58 million a year earlier but up 17.0% from the prior quarter.
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Analysis
Direct Digital Holdings (DRCT) Cost of Revenue (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Direct Digital Holdings was $21.52 million, down 10.5% year-over-year; for FY2025, it came in at $24.28 million, down 45.9% from FY2024.
- Annual Cost of Revenue shows a four-year compound annual growth rate of 5.3% (FY2021 to FY2025).
- In prior years, Direct Digital Holdings' Cost of Revenue was $44.9 million in FY2024 (-62.4%), $119.54 million in FY2023 (+99.1%), $60.04 million in FY2022 (+204.6%) and $19.71 million in FY2021.
- Quarterly Cost of Revenue has run from a low of $4.13 million in Q3 2021 to a high of $47.72 million in Q3 2023 over five years.
- On a year-over-year basis, Cost of Revenue increased in two of the last eight quarters, with an average decline of 41.9%.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was Q3 2022, with growth of 349.0%; the weakest was Q3 2024, with a decline of 88.3%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $4.42 million (Q1 2026), $6.16 million (Q4 2025) and $5.77 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 6.04 Bn |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 24.48 Bn |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | 1.88 Bn |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 7.82 Bn |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | - |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | 7.08 Bn |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | 3.70 Bn |
| 10 | Direct Digital Holdings | 673,508.31 | -7.63 Mn | 2.66 Mn | 5.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.17 Mn |
| Mar 31, 2026 | 4.42 Mn |
| Dec 31, 2025 | 6.16 Mn |
| Sep 30, 2025 | 5.77 Mn |
| Jun 30, 2025 | 6.58 Mn |
| Mar 31, 2025 | 5.76 Mn |
| Dec 31, 2024 | 6.14 Mn |
| Sep 30, 2024 | 5.56 Mn |
| Jun 30, 2024 | 15.92 Mn |
| Mar 31, 2024 | 17.28 Mn |
| Dec 31, 2023 | 31.70 Mn |
| Sep 30, 2023 | 47.72 Mn |
| Jun 30, 2023 | 25.33 Mn |
| Mar 31, 2023 | 14.79 Mn |
| Dec 31, 2022 | 22.00 Mn |
| Sep 30, 2022 | 18.52 Mn |
| Jun 30, 2022 | 12.93 Mn |
| Mar 31, 2022 | 6.59 Mn |
| Dec 31, 2021 | 7.88 Mn |
| Sep 30, 2021 | 4.13 Mn |
API Access
Direct Digital Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=DRCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "DRCT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=DRCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();