Direct Digital Holdings (DRCT) FCF Margin (2021 - 2026)
Direct Digital Holdings (DRCT) recorded FCF Margin of -11.29% in Q2 2026, up 15.23 percentage points from -26.52% a year earlier and up 4.43 percentage points from the prior quarter.
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Analysis
Direct Digital Holdings (DRCT) FCF Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Direct Digital Holdings' FCF Margin came in at -17.61% as of Jun 30, 2026, down 6.82 percentage points year-over-year; for FY2025, it was -25.67%, down 11.79 percentage points from FY2024.
- Annual FCF Margin has declined for four straight years, with a four-year change of -35.51 percentage points (FY2021 to FY2025).
- Across earlier years, FCF Margin came in at -13.88% in FY2024 (-15.51 pp), 1.63% in FY2023 (-0.68 pp), 2.31% in FY2022 (-7.53 pp) and 9.84% in FY2021.
- The Q2 2026 figure is the highest quarterly FCF Margin since Q3 2024.
- On a year-over-year basis, FCF Margin rose in three of the last eight quarters, with an average year-over-year change of -2.71 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 30.83 percentage points in Q3 2024, against a drop of 70.19 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -15.72% (Q1 2026), -22.25% (Q4 2025) and -20.52% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | -4.89% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 2.87% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 12.14% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 8.50% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 18.25% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 19.67% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 49.55% |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 22.77% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 45.18% |
| 10 | Direct Digital Holdings | 1.12 Mn | -7.18 Mn | 2.66 Mn | -11.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.29% |
| Mar 31, 2026 | -15.72% |
| Dec 31, 2025 | -22.25% |
| Sep 30, 2025 | -20.52% |
| Jun 30, 2025 | -26.52% |
| Mar 31, 2025 | -33.20% |
| Dec 31, 2024 | -17.10% |
| Sep 30, 2024 | 33.23% |
| Jun 30, 2024 | -20.16% |
| Mar 31, 2024 | -25.61% |
| Dec 31, 2023 | -4.69% |
| Sep 30, 2023 | 2.40% |
| Jun 30, 2023 | -0.13% |
| Mar 31, 2023 | 14.61% |
| Dec 31, 2022 | -4.35% |
| Sep 30, 2022 | 12.80% |
| Jun 30, 2022 | 4.35% |
| Mar 31, 2022 | -7.50% |
| Dec 31, 2021 | 4.24% |
| Sep 30, 2021 | 6.67% |
API Access
Direct Digital Holdings FCF Margin 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=fcf-margin&ticker=DRCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=DRCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();