TTD

Updated: Mar 12, 2026 11:30 AM

Trade Desk Inc

Market Cap: $19.58B P/S: 26x Ownership — Insider: 0.6% | Institutional: 88.2% | Retail: 11.2% COMMUNICATION SERVICES ADVERTISING AGENCIES

Trade Desk, Inc. is a premier technology company based in Ventura, California, specializing in digital advertising and programmatic marketing solutions. The company's advanced platform empowers advertisers to optimize campaigns across diverse channels and devices, capitalizing on data-driven insights to enhance targeting effectiveness. As a leader in the dynamic ad tech industry, Trade Desk is well-positioned for sustained growth, serving a broad clientele of global marketers and agencies. With a strategic emphasis on innovation and analytics, Trade Desk continues to redefine the advertising landscape, making it a compelling opportunity for institutional investors.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        11/11 dates (100%)
  ✅ grossProfit                         11/11 dates (100%)
  ✅ netIncome                           11/11 dates (100%)

Plot for TTD (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00B                     0.61B                     1.22B                     1.83B                     2.44B
               |                         |                         |                         |                         |

  2014-12-31 |  0.04B
  2015-12-31 |  0.11B
  2016-12-31 |  0.20B
  2017-12-31 |  0.31B
  2018-12-31 |  0.48B
  2019-12-31 |  0.66B
  2020-12-31 |  0.84B
  2021-12-31 |  1.20B
  2022-12-31 |  1.58B
  2023-12-31 |  1.95B
  2024-12-31 |  2.44B

               |                         |                         |                         |                         |
               0.00B                     0.61B                     1.22B                     1.83B                     2.44B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              11/11 dates (100%)
  ✅ sellingGeneralAndAdministrative     11/11 dates (100%)
  ✅ costofGoodsAndServicesSold          11/11 dates (100%)

Plot for TTD (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    133.95M                   267.91M                   401.86M                   535.82M
               |                         |                         |                         |                         |

  2014-12-31 |  12.56M
  2015-12-31 |  22.97M
  2016-12-31 |  39.88M
  2017-12-31 |  66.23M
  2018-12-31 |  114.10M
  2019-12-31 |  156.18M
  2020-12-31 |  178.81M
  2021-12-31 |  374.66M
  2022-12-31 |  525.17M
  2023-12-31 |  520.28M
  2024-12-31 |  535.82M

               |                         |                         |                         |                         |
               0.00M                    133.95M                   267.91M                   401.86M                   535.82M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         11/11 dates (100%)
  ⚠️  shortLongTermDebtTotal              10/11 dates (91%)
  ✅ operatingCashflow                   11/11 dates (100%)

Plot for TTD (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -1.37B                    -0.68B                     0.00B                     0.68B                     1.37B
               |                         |                         |                         |                         |

  2014-12-31 |                                                    |  0.02B
  2015-12-31 |                                                    |  0.10B
  2016-12-31 |                                                     |  0.13B
  2017-12-31 |                                                     |  0.16B
  2018-12-31 |                                                     |  0.21B ⊗
  2019-12-31 |                                                     |  0.19B
  2020-12-31 |                                                     |  0.44B
  2021-12-31 |                                                     |  0.75B
  2022-12-31 |                                                     |  1.03B
  2023-12-31 |                                                     |  0.90B
  2024-12-31 |                                                     | 1.37B

               |                         |                         |                         |                         |
               -1.37B                    -0.68B                     0.00B                     0.68B                     1.37B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   11/11 dates (100%)
  ✅ capitalExpenditures                 11/11 dates (100%)

Plot for TTD (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -739.46M                  -369.73M                    0.00M                    369.73M                   739.46M
               |                         |                         |                         |                         |

  2014-12-31 |                                                    |  -14.85M
  2015-12-31 |                                                  |  -36.56M
  2016-12-31 |                                                     |  75.03M
  2017-12-31 |                                                     |  31.22M
  2018-12-31 |                                                     |  86.60M
  2019-12-31 |                                                     |  60.20M
  2020-12-31 |                                                     |  405.07M
  2021-12-31 |                                                     |  378.51M
  2022-12-31 |                                                     |  548.73M
  2023-12-31 |                                                     |  598.32M
  2024-12-31 |                                                     | 739.46M

               |                         |                         |                         |                         |
               -739.46M                  -369.73M                    0.00M                    369.73M                   739.46M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         11/11 dates (100%)
  ✅ totalLiabilities                    11/11 dates (100%)
  ✅ totalShareholderEquity              11/11 dates (100%)

Plot for TTD (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     1.53B                     3.06B                     4.58B                     6.11B
               |                         |                         |                         |                         |

  2014-12-31 |  0.10B
  2015-12-31 |  0.21B
  2016-12-31 |  0.54B
  2017-12-31 |  0.80B
  2018-12-31 |  1.12B
  2019-12-31 |  1.73B
  2020-12-31 |  2.75B
  2021-12-31 |  3.58B
  2022-12-31 |  4.38B
  2023-12-31 |  4.89B
  2024-12-31 |  6.11B

               |                         |                         |                         |                         |
               0.00B                     1.53B                     3.06B                     4.58B                     6.11B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           11/11 dates (100%)
  ⚠️  shortLongTermDebtTotal              10/11 dates (91%)
  ✅ totalShareholderEquity              11/11 dates (100%)

Plot for TTD (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               0.00B                     0.74B                     1.47B                     2.21B                     2.95B
               |                         |                         |                         |                         |

  2014-12-31 |  0.02B
  2015-12-31 |  0.10B
  2016-12-31 |  0.16B
  2017-12-31 |  0.25B
  2018-12-31 |  0.39B ⊗
  2019-12-31 |  0.61B
  2020-12-31 |  1.01B
  2021-12-31 |  1.53B
  2022-12-31 |  2.12B
  2023-12-31 |  2.16B
  2024-12-31 |  2.95B

               |                         |                         |                         |                         |
               0.00B                     0.74B                     1.47B                     2.21B                     2.95B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for TTD (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -741.01M                  -370.51M                    0.00M                    370.51M                   741.01M
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  164.20M
  2019-12-31 |                                                     |  215.94M
  2020-03-31 |                                                     |  160.66M
  2020-06-30 |                                                     |  139.35M
  2020-09-30 |                                                     |  216.11M
  2020-12-31 |                                                     |  319.90M
  2021-03-31 |                                                     |  219.81M
  2021-06-30 |                                                     |  279.97M
  2021-09-30 |                                                     |  301.09M
  2021-12-31 |                                                     |  395.60M
  2022-03-31 |                                                    |  315.32M
  2022-06-30 |                                                    |  376.96M
  2022-09-30 |                                                     |  394.77M
  2022-12-31 |                                                     |  490.74M
  2023-03-31 |                                                     |  382.80M
  2023-06-30 |                                                     |  464.25M
  2023-09-30 |                                                     |  493.27M
  2023-12-31 |                                                     |  605.80M
  2024-03-31 |                                                     |  491.25M
  2024-06-30 |                                                     |  584.55M
  2024-09-30 |                                                     |  628.02M
  2024-12-31 |                                                     | 741.01M
  2025-03-31 |                                                     |  616.02M
  2025-06-30 |                                                     |  694.04M
  2025-09-30 |                                                     | 739.43M

               |                         |                         |                         |                         |
               -741.01M                  -370.51M                    0.00M                    370.51M                   741.01M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for TTD (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    54.69M                    109.39M                   164.08M                   218.78M
               |                         |                         |                         |                         |

  2019-09-30 |  39.93M
  2019-12-31 |  47.27M
  2020-03-31 |  40.21M
  2020-06-30 |  42.13M
  2020-09-30 |  44.83M
  2020-12-31 |  54.37M
  2021-03-31 |  53.92M
  2021-06-30 |  53.54M
  2021-09-30 |  55.85M
  2021-12-31 |  218.78M
  2022-03-31 |  125.80M
  2022-06-30 |  134.83M
  2022-09-30 |  130.89M
  2022-12-31 |  133.65M
  2023-03-31 |  130.31M
  2023-06-30 |  149.90M
  2023-09-30 |  131.97M
  2023-12-31 |  131.87M
  2024-03-31 |  129.56M
  2024-06-30 |  135.47M
  2024-09-30 |  138.88M
  2024-12-31 |  135.27M
  2025-03-31 |  142.84M
  2025-06-30 |  150.98M
  2025-09-30 |  162.15M

               |                         |                         |                         |                         |
               0.00M                    54.69M                    109.39M                   164.08M                   218.78M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for TTD (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -1.37B                    -0.68B                     0.00B                     0.68B                     1.37B
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  0.18B
  2019-12-31 |                                                    |  0.19B
  2020-03-31 |                                                     |  0.37B
  2020-06-30 |                                                     |  0.43B
  2020-09-30 |                                                     |  0.43B
  2020-12-31 |                                                     |  0.44B
  2021-03-31 |                                                     |  0.47B
  2021-06-30 |                                                     |  0.48B
  2021-09-30 |                                                     |  0.58B
  2021-12-31 |                                                     |  0.75B
  2022-03-31 |                                                     |  0.84B
  2022-06-30 |                                                     |  0.93B
  2022-09-30 |                                                     |  0.99B
  2022-12-31 |                                                     |  1.03B
  2023-03-31 |                                                     |  0.89B
  2023-06-30 |                                                     |  0.97B
  2023-09-30 |                                                     |  1.07B
  2023-12-31 |                                                     |  0.90B
  2024-03-31 |                                                     |  0.92B
  2024-06-30 |                                                     |  1.01B
  2024-09-30 |                                                     |  1.22B
  2024-12-31 |                                                     | 1.37B
  2025-03-31 |                                                     |  1.12B
  2025-06-30 |                                                     |  0.90B
  2025-09-30 |                                                     |  0.65B

               |                         |                         |                         |                         |
               -1.37B                    -0.68B                     0.00B                     0.68B                     1.37B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for TTD (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -291.43M                  -145.72M                    0.00M                    145.72M                   291.43M
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  44.48M
  2019-12-31 |                                                |  -28.07M
  2020-03-31 |                                                     |  52.78M
  2020-06-30 |                                                     |  96.35M
  2020-09-30 |                                                     |  88.39M
  2020-12-31 |                                                     |  167.60M
  2021-03-31 |                                                     |  75.07M
  2021-06-30 |                                                     |  10.37M
  2021-09-30 |                                                     |  129.68M
  2021-12-31 |                                                     |  163.39M
  2022-03-31 |                                                     |  146.19M
  2022-06-30 |                                                     |  91.77M
  2022-09-30 |                                                     |  137.30M
  2022-12-31 |                                                     |  173.48M
  2023-03-31 |                                                     |  187.57M
  2023-06-30 |                                                     |  128.09M
  2023-09-30 |                                                     |  191.54M
  2023-12-31 |                                                     |  91.12M
  2024-03-31 |                                                     |  185.47M
  2024-06-30 |                                                     |  81.26M
  2024-09-30 |                                                     |  273.32M
  2024-12-31 |                                                     |  199.40M
  2025-03-31 |                                                     | 291.43M
  2025-06-30 |                                                     |  165.01M
  2025-09-30 |                                                     |  224.69M

               |                         |                         |                         |                         |
               -291.43M                  -145.72M                    0.00M                    145.72M                   291.43M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for TTD (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     1.53B                     3.06B                     4.58B                     6.11B
               |                         |                         |                         |                         |

  2019-09-30 |  1.42B
  2019-12-31 |  1.73B
  2020-03-31 |  1.77B
  2020-06-30 |  1.85B
  2020-09-30 |  2.14B
  2020-12-31 |  2.75B
  2021-03-31 |  2.60B
  2021-06-30 |  2.79B
  2021-09-30 |  2.99B
  2021-12-31 |  3.58B
  2022-03-31 |  3.43B
  2022-06-30 |  3.67B
  2022-09-30 |  3.92B
  2022-12-31 |  4.38B
  2023-03-31 |  4.00B
  2023-06-30 |  4.35B
  2023-09-30 |  4.52B
  2023-12-31 |  4.89B
  2024-03-31 |  4.66B
  2024-06-30 |  5.16B
  2024-09-30 |  5.51B
  2024-12-31 |  6.11B
  2025-03-31 |  5.71B
  2025-06-30 |  5.96B
  2025-09-30 |  5.94B

               |                         |                         |                         |                         |
               0.00B                     1.53B                     3.06B                     4.58B                     6.11B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for TTD (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -2.95B                    -1.47B                     0.00B                     1.47B                     2.95B
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  0.54B
  2019-12-31 |                                                     |  0.61B
  2020-03-31 |                                                     |  0.67B
  2020-06-30 |                                                     |  0.76B
  2020-09-30 |                                                     |  0.83B
  2020-12-31 |                                                     |  1.01B
  2021-03-31 |                                                     |  1.08B
  2021-06-30 |                                                     |  1.20B
  2021-09-30 |                                                     |  1.30B
  2021-12-31 |                                                     |  1.53B
  2022-03-31 |                                                    |  1.65B
  2022-06-30 |                                                    |  1.78B
  2022-09-30 |                                                     |  1.91B
  2022-12-31 |                                                     |  2.12B
  2023-03-31 |                                                     |  1.94B
  2023-06-30 |                                                     |  2.07B
  2023-09-30 |                                                     |  2.16B
  2023-12-31 |                                                     |  2.16B
  2024-03-31 |                                                     |  2.17B
  2024-06-30 |                                                     |  2.41B
  2024-09-30 |                                                     |  2.63B
  2024-12-31 |                                                     | 2.95B
  2025-03-31 |                                                     |  2.72B
  2025-06-30 |                                                     |  2.70B
  2025-09-30 |                                                     |  2.60B

               |                         |                         |                         |                         |
               -2.95B                    -1.47B                     0.00B                     1.47B                     2.95B

Price History

Volume

Advanced Chart