financial statements

The full income statement, balance sheet, and cash-flow statement for Trade Desk (The) (TTD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	2.90B YoY+18.5%	2.44B YoY+25.6%	1.95B YoY+23.3%	1.58B YoY+31.9%	1.20B YoY+43.1%
Cost of revenue	619M YoY+31.2%	472M YoY+29.1%	366M YoY+30.0%	281M YoY+26.9%	222M YoY+23.9%
Research & development	525M YoY+13.3%	463M YoY+12.5%	412M YoY+28.7%	320M YoY+41.5%	226M YoY+35.7%
Selling, general & administrative	518M YoY-3.2%	536M YoY+3.0%	520M YoY-0.9%	525M YoY+40.2%	375M YoY+118.3%
General & administrative	518M YoY-3.2%	536M YoY+3.0%	520M YoY-0.9%	525M YoY+40.2%	375M YoY+118.3%
Selling & marketing	644M YoY+17.9%	547M YoY+22.0%	448M YoY+32.5%	338M YoY+35.6%	249M YoY+42.7%
Provision for credit losses	1.49M YoY+74.3%	853K YoY-71.2%	2.96M YoY-7.6%	3.20M YoY+120.0%	1.46M YoY-53.8%
Operating income	589M YoY+38.0%	427M YoY+113.1%	200M YoY+76.4%	114M YoY-8.9%	125M YoY-13.4%
Interest expense	1.79M YoY+18.2%	1.51M YoY-8.6%	1.66M YoY-58.7%	4.01M	—
Net interest income	68.7M YoY-12.8%	78.8M YoY+15.1%	68.5M YoY+437.1%	12.8M YoY+1338.3%	-1.03M YoY-257.0%
Other non-operating income	69.4M YoY-13.4%	80.1M YoY+18.7%	67.5M YoY+392.2%	13.7M YoY+593.2%	-2.78M YoY-811.8%
Pre-tax income	659M YoY+29.9%	507M YoY+89.3%	268M YoY+110.4%	127M YoY+4.4%	122M YoY-15.2%
Income tax	215M YoY+88.6%	114M YoY+28.3%	89.1M YoY+20.4%	74.0M YoY+570.5%	-15.7M YoY+84.0%
Net income	443M YoY+12.8%	393M YoY+119.7%	179M YoY+235.2%	53.4M YoY-61.2%	138M YoY-43.1%
	$0.90 YoY+15.4%	$0.78 YoY+116.7%	$0.36 YoY+227.3%	$0.11 YoY-60.7%	$0.28 YoY-42.9%
EPS (basic)	$0.91 YoY+13.7%	$0.80 YoY+116.2%	$0.37 YoY+236.4%	$0.11 YoY-62.1%	$0.29 YoY-44.2%
Weighted-avg shares (basic)	488M YoY-0.5%	491M YoY+0.3%	489M YoY+0.5%	487M YoY+2.1%	477M YoY+3.0%
Weighted-avg shares (diluted)	494M YoY-1.7%	502M YoY+0.3%	500M YoY+0.1%	500M YoY+0.3%	499M YoY+1.8%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.26B YoY-1.4%	5.34B YoY+23.7%	4.31B YoY+12.2%	3.85B YoY+24.4%	3.09B YoY+33.8%
Cash & equivalents	658M YoY-51.9%	1.37B YoY+53.0%	895M YoY-13.1%	1.03B YoY+36.6%	754M YoY+72.4%
Short-term investments	645M YoY+16.8%	552M YoY+13.8%	485M YoY+16.6%	416M YoY+103.3%	205M YoY+9.6%
Cash & short-term investments	1.30B YoY-32.2%	1.92B YoY+39.2%	1.38B YoY-4.6%	1.45B YoY+50.9%	959M
Accounts receivable	3.77B YoY+13.2%	3.33B YoY+16.0%	2.87B YoY+22.3%	2.35B YoY+16.2%	2.02B YoY+27.6%
Prepaid expenses	188M YoY+121.9%	84.6M YoY+33.6%	63.4M YoY+22.2%	51.8M YoY-53.8%	112M YoY+9.8%
	6.15B YoY+0.7%	6.11B YoY+25.0%	4.89B YoY+11.6%	4.38B YoY+22.5%	3.58B YoY+29.9%
Property, plant & equipment	397M YoY+89.6%	209M YoY+29.7%	161M YoY-7.1%	174M YoY+27.9%	136M YoY+17.3%
Operating lease right-of-use	342M YoY+29.7%	264M YoY+33.4%	198M YoY-10.3%	220M YoY-5.9%	234M YoY-5.7%
Deferred tax assets	55.7M YoY-75.8%	230M YoY+48.7%	155M YoY+64.7%	94.0M YoY+37.8%	68.2M YoY+36.0%
Other non-current assets	97.7M YoY+35.3%	72.2M YoY+18.9%	60.7M YoY+29.5%	46.9M YoY-1.3%	47.5M YoY+62.9%
	3.27B YoY+13.7%	2.87B YoY+14.4%	2.51B YoY+23.7%	2.03B YoY+12.5%	1.80B YoY+22.3%
Accounts payable	3.01B YoY+14.3%	2.63B YoY+13.5%	2.32B YoY+23.8%	1.87B YoY+13.0%	1.66B YoY+22.8%
Accrued liabilities	182M YoY+2.4%	178M YoY+28.8%	138M YoY+30.8%	105M YoY+3.9%	101M YoY+14.9%
Current lease liability	76.4M YoY+18.4%	64.5M YoY+16.2%	55.5M YoY+5.9%	52.4M YoY+13.6%	46.1M YoY+21.9%
	3.67B YoY+16.0%	3.16B YoY+16.1%	2.72B YoY+20.3%	2.27B YoY+10.5%	2.05B YoY+17.8%
Non-current lease liability	360M YoY+45.3%	248M YoY+37.3%	180M YoY-13.5%	209M YoY-12.5%	238M YoY-6.3%
Other non-current liabilities	42.9M YoY+3.0%	41.6M YoY+25.1%	33.3M YoY+21.0%	27.5M YoY+232.0%	8.28M YoY-26.4%
	2.48B YoY-15.8%	2.95B YoY+36.3%	2.16B YoY+2.3%	2.12B YoY+38.5%	1.53B YoY+50.7%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	3.08B YoY+18.5%	2.59B YoY+31.9%	1.97B YoY+35.7%	1.45B YoY+58.4%	915M YoY+69.9%
Retained earnings	-591M YoY-266.8%	354M YoY+79.9%	197M YoY-70.4%	666M YoY+8.7%	612M YoY+29.0%
Accumulated other comprehensive income	145K YoY+0.0%	145K YoY+0.0%	145K YoY+0.0%	145K YoY+0.0%	145K YoY+0.0%
Total liabilities & equity	6.15B YoY+0.7%	6.11B YoY+25.0%	4.89B YoY+11.6%	4.38B YoY+22.5%	3.58B YoY+29.9%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	993M YoY+34.3%	739M YoY+23.6%	598M YoY+9.0%	549M YoY+45.0%	379M YoY-6.6%
Depreciation & amortization	116M YoY+32.3%	87.5M YoY+8.8%	80.4M YoY+47.8%	54.4M YoY+28.9%	42.2M YoY+47.5%
Share-based compensation	491M YoY-0.8%	495M YoY+0.6%	492M YoY-1.4%	499M YoY+47.8%	337M YoY+201.9%
Deferred income taxes	173M YoY+329.2%	-75.4M YoY-23.9%	-60.8M YoY-135.9%	-25.8M YoY-42.6%	-18.1M YoY+42.1%
Change in receivables	433M YoY-8.8%	474M YoY-14.4%	554M YoY+89.9%	292M YoY-34.3%	444M YoY+6.3%
Change in payables	291M YoY-2.6%	299M YoY-37.1%	475M YoY+154.1%	187M YoY-39.5%	309M YoY-35.7%
	-293M YoY-85.8%	-158M YoY-46.4%	-108M YoY+64.7%	-304M YoY-225.1%	-93.6M YoY+34.6%
Capital expenditure	197M YoY+100.5%	98.2M YoY+110.0%	46.8M YoY-44.4%	84.2M YoY+53.6%	54.8M YoY-26.0%
Acquisitions	4.35M	0.00	0.00	—	—
Purchases of investments	954M YoY+40.4%	680M YoY+11.7%	608M YoY+10.0%	553M YoY+98.8%	278M YoY+20.6%
Sales/maturities of investments	876M YoY+39.2%	629M YoY+13.2%	556M YoY+64.0%	339M YoY+33.7%	253M YoY+51.2%
	-1.41B YoY-1211.6%	-108M YoY+82.8%	-626M YoY-2057.1%	32.0M YoY+0.2%	31.9M YoY-28.5%
Common stock repurchased	1.38B YoY+488.0%	235M YoY-63.7%	647M	0.00	0.00
Net change in cash	-711M YoY-250.0%	474M YoY+450.4%	-135M YoY-149.0%	276M YoY-12.8%	317M YoY+3.4%
Interest paid	993K YoY+0.7%	986K YoY+2.0%	967K YoY-2.8%	995K YoY+92.1%	518K YoY-66.7%
Income taxes paid	150M YoY-5.3%	159M YoY+4.4%	152M YoY+3507.2%	4.21M YoY+16.7%	3.61M YoY-27.6%
Source filing	10-K	10-K	10-K	DEF 14A	10-K

About this data

Source: TTD's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TTD filings on SEC EDGAR → Not investment advice.

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About this data

financial statements