Trade Desk, Inc.
Trade Desk, Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,123 | 878 | 658 | 653 | 896 | 1,119 | 1,369 | 1,221 | 1,009 | 918 | 895 | 1,072 | |||||
Short Term Investments | 362 | 528 | 645 | 792 | 791 | 622 | 552 | 510 | 497 | 501 | 485 | 450 | |||||
Accounts Receivable Net Current | 3,201 | 3,324 | 3,770 | 3,478 | 3,255 | 3,052 | 3,330 | 2,989 | 2,906 | 2,619 | 2,870 | 2,434 | |||||
Prepaid Expense And Other Assets Current | 130 | 132 | 188 | 197 | 112 | 64 | 85 | 117 | 111 | 58 | 63 | 58 | |||||
Assets Current | 4,816 | 4,862 | 5,261 | 5,120 | 5,054 | 4,856 | 5,336 | 4,838 | 4,523 | 4,096 | 4,314 | 4,014 | |||||
Property Plant And Equipment Net | 455 | 389 | 397 | 323 | 310 | 251 | 209 | 198 | 192 | 151 | 161 | 153 | |||||
Operating Lease Right Of Use Asset | 335 | 326 | 342 | 287 | 269 | 279 | 264 | 242 | 229 | 202 | 198 | 209 | |||||
Deferred Income Tax Assets Net | 56 | 56 | 56 | 111 | 229 | 229 | 230 | 155 | 155 | 155 | 155 | 94 | |||||
Other Assets Noncurrent | 103 | 101 | 98 | 100 | 96 | 90 | 72 | 72 | 61 | 60 | 61 | 51 | |||||
Assets | 5,764 | 5,734 | 6,153 | 5,940 | 5,958 | 5,705 | 6,112 | 5,505 | 5,160 | 4,664 | 4,889 | 4,520 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 2,563 | 2,633 | 3,008 | 2,761 | 2,724 | 2,399 | 2,631 | 2,410 | 2,337 | 2,095 | 2,317 | 1,968 | |||||
Accrued Liabilities Current | 150 | 180 | 182 | 160 | 152 | 211 | 178 | 142 | 120 | 131 | 138 | 122 | |||||
Operating Lease Liability Current | 81 | 78 | 76 | 73 | 72 | 72 | 64 | 63 | 62 | 57 | 56 | 58 | |||||
Liabilities Current | 2,794 | 2,890 | 3,266 | 2,995 | 2,949 | 2,682 | 2,873 | 2,615 | 2,518 | 2,283 | 2,511 | 2,147 | |||||
Operating Lease Liability Noncurrent | 353 | 346 | 360 | 303 | 271 | 263 | 248 | 230 | 203 | 180 | 180 | 190 | |||||
Other Liabilities Noncurrent | 43 | 44 | 43 | 42 | 42 | 44 | 42 | 34 | 33 | 33 | 33 | 28 | |||||
Liabilities | 3,190 | 3,281 | 3,669 | 3,340 | 3,262 | 2,989 | 3,163 | 2,880 | 2,755 | 2,497 | 2,724 | 2,365 | |||||
Commitments And Contingencies | - | - | 0 | - | - | - | 0 | - | - | - | 0 | - | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 3,294 | 3,178 | 3,075 | 2,965 | 2,858 | 2,712 | 2,595 | 2,397 | 2,217 | 2,063 | 1,967 | 1,835 | |||||
Retained Earnings Accumulated Deficit | -719 | -725 | -591 | -364 | -162 | 5 | 354 | 229 | 188 | 103 | 197 | 320 | |||||
Stockholders Equity | 2,574 | 2,453 | 2,484 | 2,601 | 2,696 | 2,717 | 2,949 | 2,626 | 2,405 | 2,167 | 2,164 | 2,156 | |||||
Liabilities And Stockholders Equity | 5,764 | 5,734 | 6,153 | 5,940 | 5,958 | 5,705 | 6,112 | 5,505 | 5,160 | 4,664 | 4,889 | 4,520 | |||||
Common Class A | - | 427 | 433 | -5 | -2 | 448 | 1,000 | 2 | 2 | 445 | 1,000 | 0 | |||||
Common Class B | - | 43 | 43 | 0 | -0 | 43 | 95 | 0 | 0 | 44 | 95 | 0 | |||||
Allowance For Doubtful Accounts Receivable Current | 16 | 16 | 12 | 12 | 12 | 12 | 11 | 11 | 11 | 13 | 13 | 12 | |||||
Preferred Stock Number Of… | |||||||||||||||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Number Of Sh… | |||||||||||||||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.22% | -21.80% | -26.39% | - | - | - | - | - | - | - | - | - |
| 2025 | 25.58% | 15.74% | 43.81% | -38.12% | -46.63% | -41.13% | -13.81% | -16.54% | -20.37% | 1.22% | -5.67% | -11.21% |
| 2024 | 6.33% | 11.93% | 5.92% | 18.42% | 23.99% | 35.35% | -3.00% | -8.41% | -9.48% | -25.15% | -30.92% | -1.42% |
| 2023 | - | - | - | -1.24% | -3.44% | -17.39% | -6.78% | -6.31% | -11.46% | 7.77% | 13.37% | 17.01% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.72 | 1.68 | 1.61 | 1.71 | 1.71 | 1.81 | 1.86 | 1.85 | 1.80 | 1.79 | 1.72 | 1.87 | |||||
| Quick Ratio | 1.68 | 1.64 | 1.55 | 1.64 | 1.68 | 1.79 | 1.83 | 1.81 | 1.75 | 1.77 | 1.69 | 1.84 | |||||
| Working Capital | 2.02B | 1.97B | 2.00B | 2.13B | 2.10B | 2.17B | 2.46B | 2.22B | 2.00B | 1.81B | 1.80B | 1.87B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.24 | 1.34 | 1.48 | 1.28 | 1.21 | 1.10 | 1.07 | 1.10 | 1.15 | 1.15 | 1.26 | 1.10 | |||||
| Interest Coverage TTM | 13.35 | 9.71 | 8.58 | 6.63 | 5.76 | 5.50 | 5.42 | 5.17 | 4.30 | 3.57 | 2.93 | 2.56 | |||||
| Debt Ratio | 0.55 | 0.57 | 0.60 | 0.56 | 0.55 | 0.52 | 0.52 | 0.52 | 0.53 | 0.54 | 0.56 | 0.52 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.51 | 0.52 | 0.47 | 0.49 | 0.48 | 0.50 | 0.44 | 0.46 | 0.46 | 0.47 | 0.42 | 0.43 | |||||
| Days Sales Outstanding TTM | 394.02 | 391.88 | 447.42 | 422.99 | 419.65 | 402.78 | 462.86 | 428.55 | 440.68 | 417.98 | 489.28 | 444.62 | |||||
| Receivables Turnover TTM | 0.93 | 0.93 | 0.82 | 0.86 | 0.87 | 0.91 | 0.79 | 0.85 | 0.83 | 0.87 | 0.75 | 0.82 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.87 | 0.91 | 0.90 | 0.89 | 0.84 | 0.82 | 0.78 | 0.61 | 0.51 | 0.40 | 0.36 | 0.30 | |||||
| Free Cash Flow Per Share TTM | 1.84 | 1.77 | 1.63 | 1.41 | 1.54 | 1.40 | 1.31 | 1.07 | 1.00 | 1.13 | 1.13 | 1.25 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 76.87% | 77.83% | 78.63% | 78.81% | 79.41% | 80.11% | 80.69% | 81.06% | 81.23% | 81.29% | 81.21% | 81.18% | |||||
| Operating Profit Margin TTM | 19.61% | 20.26% | 20.35% | 18.91% | 17.73% | 17.63% | 17.47% | 16.29% | 14.05% | 12.29% | 10.30% | 8.53% | |||||
| Net Profit Margin TTM | 13.61% | 14.57% | 15.31% | 15.72% | 15.57% | 16.04% | 16.08% | 13.34% | 11.65% | 9.80% | 9.19% | 8.35% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 11.61% | 15.55% | 18.47% | 20.82% | 23.18% | 25.07% | 25.63% | 26.14% | 25.53% | 24.88% | 23.34% | 23.50% | |||||
| Net Income Growth (1Y) | -2.47% | 4.98% | 12.78% | 42.32% | 64.66% | 104.74% | 119.67% | 101.68% | 95.92% | 160.35% | 235.19% | -1,665.13% | |||||
| EPS Growth (1Y) | 2.17% | 9.46% | 13.38% | 43.45% | 64.23% | 102.11% | 118.95% | 100.79% | 95.55% | 160.97% | 233.60% | -1,660.39% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 20.81 | 24.89 | 41.81 | 54.50 | 84.66 | 65.72 | 146.77 | 174.92 | 188.64 | 212.19 | 196.75 | 250.32 | |||||
| P/B TTM | 3.29 | 4.39 | 7.46 | 9.19 | 13.10 | 9.97 | 19.56 | 20.53 | 19.87 | 19.71 | 16.27 | 17.75 | |||||
| P/S TTM | 2.83 | 3.63 | 6.40 | 8.57 | 13.18 | 10.54 | 23.60 | 23.34 | 21.98 | 20.79 | 18.09 | 20.89 | |||||
| Market Cap | 8.47B | 10.77B | 18.54B | 23.90B | 35.32B | 27.08B | 57.69B | 53.91B | 47.80B | 42.71B | 35.21B | 38.25B | |||||
| Enterprise Value | 7.34B | 9.89B | 17.88B | 23.25B | 34.42B | 25.96B | 56.32B | 52.68B | 46.79B | 41.79B | 34.31B | 37.18B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 863.05M | 842.45M | 795.71M | 689.66M | 755.92M | 695.29M | 641.22M | 527.93M | 489.82M | 551.36M | 551.53M | 611.32M | |||||
| Net Debt | -1.12B | -878.38M | -658.18M | -653.13M | -896.39M | -1.12B | -1.37B | -1.22B | -1.01B | -918.20M | -895.13M | -1.07B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| EV Revenue TTM | |||||||||||||||||
| EV FCF TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Trade Desk, Inc. (TTD) — SEC Financial Statements & Analysis
Trade Desk, Inc. (TTD) is a services-computer programming, data processing, etc. company, incorporated in NV. Trade Desk, Inc. trades on Nasdaq as: TTD. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Trade Desk, Inc. reported a 11.61% year-over-year revenue growth, a Gross Profit Margin of 76.87% (TTM), a Debt-to-Equity ratio of 1.24x, a Price-to-Sales (P/S) ratio of 2.83x (TTM), a Price-to-Book (P/B) ratio of 3.29x (TTM), at a market cap of $8.47B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 11.61%
- Gross Profit Margin TTM
- 76.87%
- Debt To Equity
- 1.24x
- P/S TTM
- 2.83x
- P/B TTM
- 3.29x
- Market Cap
- $8.47B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Trade Desk, Inc. in?
Trade Desk, Inc. (TTD) operates in the Services-Computer Programming, Data Processing, Etc. industry.
What is TTD's market cap?
Trade Desk, Inc. (TTD) has a market capitalization of $8.47B as of 2026-06-30.
What is TTD's P/E ratio?
Trade Desk, Inc. (TTD)'s trailing twelve month P/E ratio is 20.81x as of 2026-06-30.
What exchange does TTD trade on?
Trade Desk, Inc. (TTD) trades on the Nasdaq.
Where is Trade Desk, Inc. incorporated?
Trade Desk, Inc. is incorporated in NV.