Direct Digital Holdings (DRCT) Tax Provisions (2021 - 2024)
Direct Digital Holdings (DRCT) posted quarterly Tax Provisions of $6.6 million for Q3 2024, up 3879.52% year-over-year from $166000.0 in Q4 2023, and up 2510.95% quarter-over-quarter from -$274000.0 in Q2 2024.
Direct Digital Holdings (DRCT) Tax Provisions (2021 - 2024) Analysis & Trends
Direct Digital Holdings (DRCT) has reported Tax Provisions for 4 consecutive years, with $6.6 million the latest figure, recorded in Q3 2024.
- In Q3 2024, Tax Provisions rose 3879.52% year-over-year to $6.6 million; the TTM figure through Jun 2025 stood at $6.6 million (up 6927.66% YoY), while the FY2024 annual figure was $6.1 million, up 979.58% from the prior year.
- Tax Provisions grew to $6.6 million in Q3 2024 per DRCT's latest filing, from -$274000.0 in the prior quarter.
- Across five years, Tax Provisions topped out at $6.6 million in Q3 2024 and bottomed at -$274000.0 in Q2 2024.
- Historically, Tax Provisions has averaged $576259.3 across 4 years, with a median of $64000.0 in 2021.
- Annual changes were most pronounced in 2022 — Tax Provisions surged 14528.25% — and 2024, when it slumped 470.27%.
- Direct Digital Holdings' Tax Provisions stood at -$54878.0 in 2021, then jumped by 334.04% to $128436.0 in 2022, then jumped by 213.0% to $402000.0 in 2023, then jumped by 1543.28% to $6.6 million in 2024.
- Business Quant data shows DRCT's Tax Provisions at $6.6 million in Q3 2024, -$274000.0 in Q2 2024, and -$200000.0 in Q1 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 102.68 Bn | 99.62 Bn | 1.70 Bn | 238.99 Mn |
| 2 | Omnicom | 24.63 Bn | 21.29 Bn | 1.30 Bn | 224.80 Mn |
| 3 | Trade Desk | 6.18 Bn | 4.69 Bn | 530.72 Mn | 48.70 Mn |
| 4 | Wpp | 5.69 Bn | 2.52 Bn | - | - |
| 5 | Magnite | 3.36 Bn | 3.03 Bn | 130.79 Mn | 6.20 Mn |
| 6 | Stagwell | 2.15 Bn | 2.04 Bn | 269.24 Mn | -348,000.00 |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 9.00 Mn |
| 8 | Ziff Davis | 2.04 Bn | 435.42 Mn | 241.03 Mn | 941,000.00 |
| 9 | Clear Channel Outdoor Holdings | 1.21 Bn | 1.02 Bn | 241.86 Mn | 299,000.00 |
| 10 | Direct Digital Holdings | 1.72 Mn | 1.20 Mn | 2.66 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 6.61 Mn |
| Jun 30, 2024 | -274,000.00 |
| Mar 31, 2024 | -200,000.00 |
| Dec 31, 2023 | 402,000.00 |
| Sep 30, 2023 | 166,000.00 |
| Jun 30, 2023 | 74,000.00 |
| Mar 31, 2023 | -74,000.00 |
| Sep 30, 2022 | 128,436.00 |
| Jun 30, 2022 | 86,676.00 |
| Dec 31, 2021 | -54,878.00 |
| Sep 30, 2021 | 878.00 |
| Jun 30, 2021 | 54,000.00 |