Direct Digital Holdings (DRCT) Tax Rate (2021 - 2024)
Direct Digital Holdings' (DRCT) quarterly Tax Rate came in at 2884.72% in Q3 2024, up 288000.0% year-on-year from N/an in Q4 2023, and up 35853.67% on a QoQ basis 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.
- On a quarterly basis, Tax Rate rose 288000.0% year-over-year to 2884.72% in Q3 2024; TTM through Jun 2025 was 40.09%, a 3940.0% decrease from a year earlier, with the FY2024 full-year figure at 44.52%, down 3547.0% from the prior year.
- Tax Rate for Q3 2024 stood at 2884.72%, up from 8.02% in the prior quarter.
- Over the last five years, Tax Rate for DRCT reached as high as 2884.72% in Q3 2024 and fell as low as 4.16% in Q4 2023.
- Historically, Tax Rate has averaged 244.3% across 4 years, with a median of 4.85% in 2023.
- Across the five-year window, Tax Rate plunged 895 bps in 2023 and jumped 288000 bps in 2024, its largest moves.
- Year by year, Tax Rate stood at 2.59% in 2021, then jumped by 429 bps to 13.67% in 2022, then sank by 130 bps to 4.16% in 2023, then jumped by 69376 bps to 2884.72% in 2024.
- Per Business Quant data, the three most recent Tax Rate figures were 2884.72% in Q3 2024, 8.02% in Q2 2024, and 4.98% in Q1 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 134.57 Bn | 131.82 Bn | 1.64 Bn | 15.77% |
| 2 | Wpp | 26.03 Bn | 22.66 Bn | - | -32.04% |
| 3 | Omnicom | 22.21 Bn | 18.26 Bn | 1.04 Bn | 26.92% |
| 4 | Trade Desk | 7.97 Bn | 6.56 Bn | 506.89 Mn | 49.34% |
| 5 | Magnite | 2.57 Bn | 2.39 Bn | 103.96 Mn | -18.76% |
| 6 | Ziff Davis | 1.94 Bn | 1.42 Bn | 223.32 Mn | -80.49% |
| 7 | Stagwell | 1.76 Bn | 1.66 Bn | 244.61 Mn | 17.29% |
| 8 | DoubleVerify Holdings | 1.67 Bn | 1.50 Bn | 147.67 Mn | 54.95% |
| 9 | Clear Channel Outdoor Holdings | 1.20 Bn | 1.03 Bn | 193.76 Mn | 15.15% |
| 10 | Direct Digital Holdings | 201,739.99 | -5.75 Mn | 2.26 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% |