Trade Desk, Inc.

Listed Company

TTDCIK 0001671933NasdaqLarge AcceleratedServices-Computer Programming, Data Processing, Etc.NevadaFY ends Dec 31

Period

FY 2025

Revenue

$2.90B

Net Income

$443.30M

Total Assets

$6.15B

Equity

$2.48B

Shares Out

—

Op. Cash Flow

$992.72M

TTD$18.58−76.91% · past yearDBEQ Basic

Daily closing prices

Business

Trade Desk, Inc. is a global leader in advertising technology that empowers ad buyers to create, manage and optimize digital advertising campaigns across formats, channels and devices. The company provides a self-service platform with AI capabilities and APIs, charging clients a platform fee based on a percentage of their platform spend plus value-added services. The platform integrates omnichannel inventory sources, third-party data vendors and measurement tools, serving advertising agencies, advertisers and service providers globally through master services agreements.

Summary from 10-K filed 2026-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Trend	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31
Type of Revenue [Extensible List]		—	—	—	—	—
Type of Cost, Good or Service [Extensible List]		—	—	—	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	658	1,369	895	1,031	754
Short-term investments, net	645	552	485	416	205
Accounts receivable, net of allowance for credit losses of $12,199 and $11,244 as of December 31, 2025 and 2024, respectively	3,770	3,330	2,870	2,347	2,021
Prepaid expenses and other current assets	188	85	63	52	112
TOTAL CURRENT ASSETS	5,261	5,336	4,314	3,846	3,092
Property and equipment, net	397	209	161	174	136
Operating lease assets	342	264	198	220	234
Deferred income taxes	56	230	155	94	68
Other assets, non-current	98	72	61	47	48
TOTAL ASSETS	6,153	6,112	4,889	4,381	3,577
Accounts payable	3,008	2,631	2,317	1,871	1,656
Accrued expenses and other current liabilities	182	178	138	105	101
Operating lease liabilities	76	64	56	52	46
TOTAL CURRENT LIABILITIES	3,266	2,873	2,511	2,029	1,803
Operating lease liabilities, non-current	360	248	180	209	238
Other liabilities, non-current	43	42	33	27	8
TOTAL LIABILITIES	3,669	3,163	2,724	2,265	2,050
Commitments and contingencies (Note 13)	0	0	0	0	0
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of December 31, 2025 and 2024	0	0	0	0	0
Common stock, par value $0.000001 Class A, 1,000,000 shares authorized; 432,814 and 452,182 shares issued and outstanding as of December 31, 2025 and 2024, respectively Class B, 95,000 shares authorized; 43,109 and 43,919 shares issued and outstanding as of December 31, 2025 and 2024, respectively	0	0	0	0	0
Additional paid-in capital	3,075	2,595	1,967	1,450	915
Retained earnings (accumulated deficit)	−591	354	197	666	612
TOTAL STOCKHOLDERS EQUITY	2,484	2,949	2,164	2,115	1,527
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	6,153	6,112	4,889	4,381	3,577

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	443	393	179	53	138
Depreciation and amortization expense	116	87	80	54	42
Stock-based compensation expense	491	495	492	499	337
Deferred income taxes	168	−77	−62	−12	−17
Noncash lease expense	70	57	49	44	40
Other	−19	−7	−17	622,000	6
Accounts receivable	−433	−474	−554	−292	−444
Prepaid expenses and other current and non-current assets	−77	−39	−27	51	2
Accounts payable	291	299	475	187	309
Accrued expenses and other current and non-current liabilities	7	47	36	8	8
Operating lease liabilities	−64	−42	−53	−48	−44
Net cash provided by operating activities	993	739	598	549	379
Purchases of investments	−954	−680	−608	−553	−278
Maturities of investments	876	629	556	339	253
Purchases of property and equipment	−197	−98	−47	−84	−55
Capitalized software development costs	−13	−9	−8	−8	−5
Business acquisition	−4	0	0	—	—
Net cash used in investing activities	−293	−158	−108	−304	−94
Repurchases of Class A common stock	−1,380	−235	−647	0	0
Proceeds from exercise of stock options	24	216	61	48	61
Proceeds from employee stock purchase plan	43	50	38	33	29
Taxes paid relating to net settlement of restricted stock	−98	−139	−79	−49	−57
Net cash used in financing activities	−1,411	−108	−626	32	32
Increase (decrease) in cash and cash equivalents	−711	474	−135	276	317
Cash paid for income taxes, net of refunds	150	159	152	4	4
Cash paid for interest	993,000	986,000	967,000	995,000	518,000
Cash paid for operating lease liabilities	79	68	63	58	53
Operating lease assets obtained in exchange for operating lease liabilities	150	132	27	30	25
Capitalized assets financed by accounts payable	104	21	5	2	6
Assets acquired in a business combination, included in other assets, non-current, in exchange for Class A common stock	10	0	0	—	—
Tenant improvements paid by lessor	11	7	0	1	0
Stock-based compensation included in capitalized software development costs	8	6	5	4	3
Repurchases of Class A common stock in accrued expenses and other current liabilities	10	2	903,000	—	—

Filings

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Frequently asked questions

What is Trade Desk, Inc.'s CIK number?

Trade Desk, Inc.'s SEC CIK number is 0001671933 (1671933). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Trade Desk, Inc.'s SEC filings?

All of Trade Desk, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Trade Desk, Inc. last report earnings?

Trade Desk, Inc. (TTD) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001671933-26-000053). This is Trade Desk, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Trade Desk, Inc.'s most recent earnings 8-K?

Trade Desk, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001671933-26-000053. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Trade Desk, Inc.'s latest earnings 8-K →
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