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Net Loss Per Share (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Net Loss Per Share | The Company has two classes of common stock, Class A and Class B, and one class of preferred stock, Series A Convertible Preferred Stock. The holders of Series A Convertible Preferred Stock are contractually entitled to receive a cumulative dividend, whether or not declared. In calculating the net loss attributable to Class A shareholders, the numerator for basic and diluted EPS is adjusted for the impact of the contractual amount of dividends payable to holders of Series A Convertible Preferred Stock. Neither shares of the Company’s Class B Common Stock nor the Company's Class A Convertible Preferred Stock share in the earnings or losses attributable to Direct Digital Holdings, Inc. and are therefore not participating securities. The following table sets forth the computation of the Company’s basic and diluted net loss per share (in thousands, except per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net loss attributable to Class A shareholders and Series A preferred stockholders | $ | (2,680) |  |  | $ | (2,690) |  |  | $ | (7,284) |  |  | $ | (4,055) |
Less: net income allocated to Series A preferred stockholders | 363 |  |  | — |  |  | 363 |  |  | — |
Net loss allocated to Class A shareholders | $ | (3,043) |  |  | $ | (2,690) |  |  | $ | (7,647) |  |  | $ | (4,055) |
Weighted average common shares outstanding - basic and diluted | 12,867 |  |  | 3,793 |  |  | 9,855 |  |  | 3,667 |
Net loss per common share, basic and diluted | $ | (0.24) |  | $ | (0.71) |  | $ | (0.78) |  | $ | (1.11)
Schedule of Antidilutive Securities | The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Series A convertible preferred stock | 5,761 |  | — |  |  | 1,941 |  | — |
Class B Common Stock | 10,277 |  | 10,868 |  | 10,637 |  | 10,868
Options to purchase common stock | 907 |  | 346 |  | 770 |  | 362
Restricted stock units | 942 |  | 268 |  | 822 |  | 402
Total excludable from net loss per share attributable to common stockholders - diluted | 17,887 |  | 11,482 |  | 14,170 |  | 11,632

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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