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93 /100
COMPONENT-LIMITED
Score updated Oct 13, 2026

DRCT — Direct Digital Holdings, Inc. Dilution Risk Tracker

Track DRCT dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Direct Digital Holdings, Inc. (DRCT) has a DilutionWatch DilutionScore of 93/100, rated CRITICAL dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. Direct Digital Holdings, Inc. has a market capitalization of $225.1K, 643.0K shares outstanding, 3 institutional holders tracked. Stored dilution-related fields include shelf registration capacity of $50.00M, ATM program capacity of $100.00M, 3.22M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
100
💰 Cash Runway
95
📊Float Risk—
⚠️ Warrant Exposure
90
🔄 Convertible Debt
40

Dilution Forecast

🌩️
Severe
Multiple high-probability dilution events detected
model est. 67%
💰 Capital Raise model 93%
• Critical: only 1.0 months cash remaining
• Active shelf registration ($50M, 22217% of market cap)
📜 Warrant Exercise model 60%
• Massive warrant overhang: 500% of shares outstanding
• Warrant risk score very high (90/100)
🔄 Reverse Split model est. 15%
• Only 1 months cash — financial pressure
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Market Data

Market Cap$225.1K
Shares Outstanding643.0K
FloatN/A
Cash$520.0K
Debt$17.48M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore93/100DilutionWatch score record
Shares Outstanding643.0KVerified float table or market cache
Public FloatNot availableVerified float table or market cache
Market Cap$225.1KMarket data cache
Cash Runway1.0 monthsDilutionWatch score inputs
Shelf Capacity$50.00MSEC-derived dilution fields
ATM Capacity$100.00MSEC-derived dilution fields
Outstanding Warrants3.22MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 424B3 1, 8-K 1, EFFECT 1, S-1 1, S-3 1, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↓ 89.0% shares (2026Q1 vs prior)
3 institutional holders · 90.9K shares
#1 MORGAN STANLEY 72.9K shares
#2 GOLDMAN SACHS GROUP INC 18.0K shares
#3 BARCLAYS PLC 4 shares

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest2.8K
Days to Cover1.0
% of FloatN/A
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-03-31
xbrl XBRL WARRANT 2025-03-28
S-1 SHELF 2026-04-29
8-K 8K EVENT 2026-04-28
EFFECT EFFECT 2026-02-11
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual DRCT Dilution Snapshot

Direct Digital Holdings, Inc. (DRCT) has a DilutionScore of 93/100, rated Critical dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

DRCT's DilutionScore is currently 93/100 (Critical risk), with 2 score changes tracked over 89 days. The score improved from 83/100 (Critical risk).

Period Score Risk Level Duration
Aug 22 – Oct 13, 202693/100CRITICAL53 days
Aug 14 – Aug 21, 202683/100CRITICAL7 days
Jul 16 – Aug 13, 202693/100CRITICAL29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

DRCT shares outstanding have decreased 75.0% from 2.80M (Apr 2026) to 700.8K (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 20, 2026700.8K695.9K▲ 111.66%
May 13, 2026700.8K328.8K▼ 52.75%
Apr 10, 20262.80M2.78M▲ 0.19%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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Score Coverage Note