Direct Digital Holdings (DRCT) Tax Rate (2021 - 2024)
Direct Digital Holdings (DRCT) posted quarterly Tax Rate of 2884.72% for Q3 2024, up 288000.0% year-over-year from N/an in Q4 2023, and up 35853.67% quarter-over-quarter from 8.02% in Q2 2024.
Direct Digital Holdings (DRCT) Tax Rate (2021 - 2024) Analysis & Trends
Direct Digital Holdings (DRCT) has reported Tax Rate for 4 consecutive years, with 2884.72% the latest figure, recorded in Q3 2024.
- In Q3 2024, Tax Rate rose 288000.0% year-over-year to 2884.72%; the TTM figure through Jun 2025 stood at 40.09% (down 3940.0% YoY), while the FY2024 annual figure was 44.52%, down 3547.0% from the prior year.
- Tax Rate rose to 2884.72% in Q3 2024 per DRCT's latest filing, from 8.02% in the prior quarter.
- Across five years, Tax Rate topped out at 2884.72% in Q3 2024 and bottomed at 4.16% in Q4 2023.
- Historically, Tax Rate has averaged 244.3% across 4 years, with a median of 4.85% in 2023.
- Annual changes were most pronounced in 2023 — Tax Rate slumped 895 bps — and 2024, when it soared 288000 bps.
- Direct Digital Holdings' Tax Rate stood at 2.59% in 2021, then surged by 429 bps to 13.67% in 2022, then sank by 130 bps to 4.16% in 2023, then surged by 69376 bps to 2884.72% in 2024.
- Business Quant data shows DRCT's Tax Rate at 2884.72% in Q3 2024, 8.02% in Q2 2024, and 4.98% in Q1 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 103.70 Bn | 100.65 Bn | 1.70 Bn | 15.87% |
| 2 | Omnicom | 24.37 Bn | 21.03 Bn | 1.30 Bn | 27.11% |
| 3 | Trade Desk | 6.27 Bn | 4.78 Bn | 530.72 Mn | 43.06% |
| 4 | Wpp | 5.67 Bn | 2.50 Bn | - | - |
| 5 | Magnite | 3.35 Bn | 3.02 Bn | 130.79 Mn | 24.27% |
| 6 | Stagwell | 2.09 Bn | 1.98 Bn | 269.24 Mn | 3.77% |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 41.08% |
| 8 | Ziff Davis | 2.02 Bn | 410.50 Mn | 241.03 Mn | -1.84% |
| 9 | Clear Channel Outdoor Holdings | 1.22 Bn | 1.02 Bn | 241.86 Mn | -3.08% |
| 10 | Direct Digital Holdings | 1.79 Mn | 1.27 Mn | 2.66 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 2,884.72% |
| Sep 30, 2024 | 2,884.72% |
| Sep 30, 2024 | 2,884.72% |
| Jun 30, 2024 | 8.02% |
| Jun 30, 2024 | 8.02% |
| Jun 30, 2024 | 8.02% |
| Mar 31, 2024 | 4.98% |
| Mar 31, 2024 | 4.98% |
| Mar 31, 2024 | 4.98% |
| Dec 31, 2023 | -4.16% |
| Dec 31, 2023 | -4.16% |
| Dec 31, 2023 | -4.16% |
| Sep 30, 2023 | 4.72% |
| Sep 30, 2023 | 4.72% |
| Sep 30, 2023 | 4.72% |
| Jun 30, 2023 | 5.83% |
| Jun 30, 2023 | 5.83% |
| Jun 30, 2023 | 5.83% |
| Mar 31, 2023 | 5.26% |
| Mar 31, 2023 | 5.26% |