Direct Digital Holdings (DRCT) Tax Rate (2021 - 2024)
Direct Digital Holdings (DRCT) reported 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 4 years of Tax Rate data on file, last reported at 2884.72% in Q3 2024.
- Tax Rate for Q3 2024 came in at 2884.72%, up 288000.0% year-over-year; the trailing twelve-month figure through Jun 2025 was 40.09% (down 3940.0% YoY), and the FY2024 annual result was 44.52%, down 3547.0% from the prior year.
- Tax Rate advanced to 2884.72% in Q3 2024 per DRCT's latest filing, from 8.02% in the prior quarter.
- Over five years, Tax Rate peaked at 2884.72% in Q3 2024 and troughed at 4.16% in Q4 2023.
- A 4-year average of 244.3% and a median of 4.85% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2024: Tax Rate slumped 895 bps in 2023, then soared 288000 bps in 2024.
- A 4-year view of Tax Rate shows it stood at 2.59% in 2021, then jumped by 429 bps to 13.67% in 2022, then plunged by 130 bps to 4.16% in 2023, then jumped 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 | 175.91 Bn | 173.15 Bn | 1.78 Bn | 15.77% |
| 2 | Omnicom | 22.52 Bn | 18.86 Bn | 1.04 Bn | 26.92% |
| 3 | Trade Desk | 9.46 Bn | 8.05 Bn | 506.89 Mn | 49.34% |
| 4 | Wpp | 2.71 Bn | -875.81 Mn | - | -32.04% |
| 5 | Nexxen International | 2.36 Bn | 2.23 Bn | 70.41 Mn | -1.92% |
| 6 | Magnite | 2.27 Bn | 2.09 Bn | 118.28 Mn | -18.25% |
| 7 | Ziff Davis | 1.74 Bn | 1.22 Bn | 152.41 Mn | -80.49% |
| 8 | DoubleVerify Holdings | 1.69 Bn | 1.51 Bn | 135.23 Mn | 54.95% |
| 9 | Stagwell | 1.60 Bn | 1.51 Bn | 244.61 Mn | 17.37% |
| 10 | Direct Digital Holdings | 1.60 Mn | -4.36 Mn | 2.26 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 2,884.72% |
| Sep 30, 2024 | 2,884.72% |
| Jun 30, 2024 | 8.02% |
| Jun 30, 2024 | 8.02% |
| Mar 31, 2024 | 4.98% |
| Mar 31, 2024 | 4.98% |
| Dec 31, 2023 | -4.16% |
| Dec 31, 2023 | -4.16% |
| Sep 30, 2023 | 4.72% |
| Sep 30, 2023 | 4.72% |
| Jun 30, 2023 | 5.83% |
| Jun 30, 2023 | 5.83% |
| Mar 31, 2023 | 5.26% |
| Mar 31, 2023 | 5.26% |
| Sep 30, 2022 | 13.67% |
| Sep 30, 2022 | 13.67% |
| Jun 30, 2022 | 3.21% |
| Jun 30, 2022 | 3.21% |
| Dec 31, 2021 | 2.59% |
| Dec 31, 2021 | 2.59% |