Estados financieros detallados de Direct Digital Holdings, Inc. (DRCT): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Direct Digital Holdings, Inc. registró ingresos de $34.7M en el último ejercicio fiscal, con un CAGR de 5 años del 22.7%.
Márgenes de los últimos 12 meses: margen bruto 19.0%, margen operativo -47.2%, margen neto -74.4%.
Al precio actual de $1.72, DRCT presenta beneficios negativos (P/E no significativo) y un ROE del 9.93%. La capitalización bursátil es de $1M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $6.3M | $12.5M | $38.1M | $89.4M | $157.1M | $62.3M | $34.7M |
| Coste de Ventas | $4.5M | $7.3M | $19.7M | $60.0M | $119.5M | $44.9M | $24.3M |
| Beneficio Bruto | $1.7M | $5.2M | $18.4M | $29.3M | $37.6M | $17.4M | $10.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $2.6M | $5.2M | $14.0M | $21.3M | $30.9M | $30.6M | $25.2M |
| Gastos Operativos | $2.6M | $6.0M | $14.0M | $21.3M | $39.8M | $30.6M | $25.2M |
| Beneficio Operativo | -$872468 | -$844564 | $4.4M | $8.0M | -$2.2M | -$13.2M | -$14.8M |
| EBITDA | -$787526 | $457443 | $3.7M | $9.8M | $473000 | -$6.0M | -$20.2M |
| Gastos por Intereses | $57105 | $865055 | $3.2M | $3.2M | $4.4M | $5.4M | $5.2M |
| Beneficio Antes de Impuestos | -$844631 | -$896066 | -$1.4M | $4.5M | -$6.3M | -$13.8M | -$27.7M |
| Impuestos | $39137 | $12124 | $63526 | $326000 | $568000 | $6.1M | 0 |
| Beneficio Neto | -$883768 | -$908190 | -$1.5M | $205000 | -$2.2M | -$6.2M | -$18.9M |
| BPA | $-0.32 | $-0.32 | $-0.38 | $0.11 | $-0.73 | $-1.66 | $-75.79 |
| BPA Diluido | $-0.32 | $-0.32 | $-0.38 | $0.20 | $-0.73 | $-1.66 | $-75.79 |
| Acciones en Circulación (Diluidas) | $2.8M | $2.8M | $4.0M | $14.7M | $3.0M | $3.8M | $308000 |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $8.0M | $8.4M | $6.7M | $7.8M |
| Beneficio Bruto | $2.2M | $2.2M | -$1.3M | $2.7M |
| Beneficio Operativo | -$3.9M | -$4.5M | -$3.3M | -$2.9M |
| EBITDA | -$4.4M | -$10.1M | -$5.6M | -$2.8M |
| Beneficio Neto | -$2.7M | -$11.7M | -$5.2M | -$3.4M |
| BPA | $-0.71 | $-22.74 | $-9.13 | $-4.79 |
| BPA Diluido | $-0.71 | $-22.74 | $-9.13 | $-4.79 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $882292 | $1.6M | $4.7M | $4.0M | $5.1M | $1.4M | $728000 |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $834071 | $4.7M | $7.9M | $26.4M | $37.2M | $5.0M | $3.1M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $1.8M | $6.5M | $13.8M | $31.3M | $43.1M | $8.5M | $4.7M |
| Inmovilizado Material | 0 | 0 | 0 | $1.5M | $1.4M | $1.2M | $868000 |
| Fondo de Comercio | $2.4M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M |
| Activos Intangibles | 0 | $17.5M | $15.6M | $13.6M | $11.7M | $9.7M | $7.9M |
| Activos Totales | $4.2M | $30.7M | $36.0M | $58.1M | $70.7M | $26.0M | $20.2M |
| Cuentas por Pagar | $3.1M | $3.3M | $6.7M | $17.7M | $33.9M | $7.7M | $7.8M |
| Deuda a Corto | 0 | $1.6M | $620801 | $655000 | $1.5M | $3.7M | $12.0M |
| Pasivos Corrientes | $4.1M | $6.6M | $9.7M | $24.6M | $39.8M | $13.3M | $26.4M |
| Deuda a Largo | $1.3M | $11.8M | $20.2M | $23.1M | $28.6M | $31.6M | $146000 |
| Pasivos Totales | $5.5M | $28.3M | $36.4M | $52.5M | $74.4M | $45.7M | $27.2M |
| Reservas | -$900253 | -$1.9M | -$4.7M | -$344000 | -$2.5M | -$8.8M | -$27.7M |
| Patrimonio Neto | -$1.3M | $2.4M | -$374856 | $2.3M | $543000 | -$5.0M | -$1.9M |
| Deuda Total | $1.3M | $13.4M | $20.8M | $24.6M | $31.0M | $36.3M | $13.0M |
| Deuda Neta | $371111 | $11.8M | $16.1M | $20.5M | $25.8M | $34.8M | $12.2M |
| Capital Circulante | -$2.3M | -$117779 | $4.1M | $6.7M | $3.3M | -$4.8M | -$21.7M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $871000 | $728000 | $796000 | $520000 |
| Activos Totales | $22.5M | $20.2M | $19.3M | $18.9M |
| Pasivos Totales | $29.2M | $27.2M | $29.0M | $32.7M |
| Patrimonio Neto | -$1.2M | -$1.9M | -$4.6M | -$8.5M |
| Deuda Total | $16.6M | $13.0M | $17.5M | $18.2M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$883768 | -$908190 | -$1.5M | $4.2M | -$6.8M | -$19.9M | -$27.7M |
| Amortizaciones | 0 | $488454 | $2.0M | $2.1M | $2.4M | $2.4M | $2.3M |
| Compensación en Acciones | 0 | 0 | 0 | $154000 | $706000 | $1.6M | $1.5M |
| Cambio en Capital Circulante | $1.1M | $334028 | -$75647 | -$5.4M | $4.8M | $4.1M | $3.1M |
| Flujo de Caja Operativo | $210243 | -$574527 | $3.8M | $2.1M | $2.6M | -$8.6M | -$8.9M |
| Inversiones (CapEx) | 0 | 0 | 0 | -$688000 | -$178000 | -$17000 | -$87000 |
| Adquisiciones | 0 | -$11.0M | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | -$3.5M | -$14.2M | 0 | 0 | 0 |
| Dividendos Pagados | -$22000 | -$117508 | -$1.2M | -$1.7M | -$3.2M | 0 | 0 |
| Flujo de Caja Libre | $210243 | -$574527 | $3.8M | $1.4M | $2.4M | -$8.7M | -$9.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.6M | -$1.9M | -$1.1M | -$884000 |
| Inversiones (CapEx) | 0 | -$49000 | 0 | 0 |
| Flujo de Caja Libre | -$1.6M | -$1.9M | -$1.1M | -$884000 |
| Dividendos Pagados | 0 | 0 | -$457000 | 0 |
| Compensación en Acciones | $374000 | $391000 | $183000 | $84000 |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +99.0% | +205.6% | +134.3% | +75.8% | -60.4% | -44.3% |
| Crecimiento Beneficio Neto (anual) | | -2.8% | -65.9% | +113.6% | -1170.2% | -184.2% | -203.8% |
| Crecimiento BPA (anual) | | +0.0% | -18.8% | +128.9% | -763.6% | -127.4% | -4465.7% |
| Cambio en Acciones (anual) | | +0.0% | +42.9% | +267.4% | -79.7% | +25.8% | -91.8% |
| Crecimiento FCF (anual) | | -373.3% | +752.9% | -63.3% | +73.0% | -464.1% | -3.8% |
| Margen Bruto | 27.7% | 41.5% | 48.3% | 32.8% | 23.9% | 27.9% | 30.0% |
| Margen Operativo | -13.9% | -6.8% | 11.5% | 8.9% | -1.4% | -21.2% | -42.5% |
| Margen EBITDA | -12.6% | 3.7% | 9.7% | 11.0% | 0.3% | -9.6% | -58.2% |
| Margen Neto | -14.1% | -7.3% | -4.0% | 0.2% | -1.4% | -10.0% | -54.6% |
| Margen FCF | 3.4% | -4.6% | 9.8% | 1.5% | 1.5% | -13.9% | -25.9% |
| Tasa Impositiva Efectiva | -4.6% | -1.4% | -4.4% | 7.3% | -9.1% | -44.5% | -0.0% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.08 | $-0.21 | $0.94 | $0.09 | $0.80 | $-2.31 | $-29.20 |
| Dividendo por Acción | $0.01 | $0.04 | $0.31 | $0.12 | $1.07 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $2.8M | $2.8M | $4.0M | $14.4M | $3.0M | $3.8M | $308000 |
Qué mirar en empresas de Communication Services
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | 992.98% |
| Rentabilidad sobre capital invertido | -247.77% |
| Rentabilidad sobre activos | -94.00% |
| Margen bruto | 19.01% |
| Margen operativo | -47.19% |
| Margen neto | -74.38% |
Salud financiera
| Deuda / Patrimonio | -2.15 |
| Ratio corriente | 0.14 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -2062.50 | -2062.50 | -1736.84 | 4850.00 | -4484.40 | -210.72 | -0.19 |
| P/VC | -1454.15 | 780.31 | -7042.70 | 3368.77 | 18013.90 | -263.54 | -2.29 |
| P/V | 294.68 | 148.11 | 69.22 | 85.99 | 62.26 | 21.10 | 0.13 |
| Margen Bruto | 27.7% | 41.5% | 48.3% | 32.8% | 23.9% | 27.9% | 30.0% |
| Margen Operativo | -13.9% | -6.8% | 11.5% | 8.9% | -1.4% | -21.2% | -42.5% |
| Margen Neto | -14.1% | -7.3% | -4.0% | 0.2% | -1.4% | -10.0% | -54.6% |