Direct Digital Q2 FY26 net loss narrows to $3.6 million; revenue drops 23% to $7.8 million
DRCT•Q2 results and liquidity update
- Direct Digital Holdings posted Q2 revenue of $7.8 million, down 23% year over year.
- Operating loss widened to $2.9 million; net loss narrowed to $3.6 million under GAAP.
- Non-GAAP adjusted EBITDA loss widened to $2.3 million; cash and cash equivalents totaled $520,000 at June 30.
- Management cited reduced DSP customer spending and highlighted demand for AI search, generative engine optimization, AI support, and web technology services.
- The company said it was out of compliance with credit-facility covenants and is seeking a waiver while focusing on liquidity and operating performance.
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