Direct Digital Holdings, Inc. (DRCT) intrinsic value & 10-year financials
Direct Digital Holdings, Inc. (DRCT) has a Graham intrinsic value of $1.09 per share. At $0.32 on Oct 17, 2026, the stock trades 71% below that value. Over the last 6 fiscal years revenue shrank 2.3% a year to $34.7M, with an average return on invested capital of -53.5%.
- Graham intrinsic value
- $1.09
- Share price (Oct 17, 2026)
- $0.32
- Price vs Graham value
- 71% below
- Market cap
- $98.6K
- Revenue (FY2025)
- $34.7M
- Revenue growth (6-yr CAGR)
- -2.3%
- ROIC (10-yr avg)
- -53.5%
- Free cash flow (FY2025)
- —
DRCT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $34.7M | -$18.9M | -$75.79 | — | -42.5% | -159.3% |
| FY2024 | $62.3M | -$6.2M | -$1.66 | — | -21.2% | -74.8% |
| FY2023 | $157.1M | -$2.2M | -$0.73 | — | -1.4% | -9.4% |
| FY2022 | $89.4M | $4.2M | $0.33 | — | 8.9% | 73.5% |
| FY2021 | $38.1M | -$1.5M | -$0.12 | — | 11.5% | -97.2% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Direct Digital Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Direct Digital Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -21.9% ROIC.
Direct Digital Holdings, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Direct Digital Holdings, Inc. is modeled at -2.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.09 per share.