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.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | 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+18.5% | 2.44B+25.6% | 1.95B+23.3% | 1.58B+31.9% | 1.20B+43.1% | |
| 2.28B+15.4% | 1.97B+24.8% | 1.58B+21.9% | 1.30B+33.0% | 975M+48.3% | ||
| Cost of revenue | 619M+31.2% | 472M+29.1% | 366M+30.0% | 281M+26.9% | 222M+23.9% | |
| Research & development | 525M+13.3% | 463M+12.5% | 412M+28.7% | 320M+41.5% | 226M+35.7% | |
| Selling, general & administrative | 1.16B+7.4% | 1.08B+11.8% | 968M+12.2% | 863M+38.3% | 624M+80.1% | |
| General & administrative | 518M-3.2% | 536M+3.0% | 520M-0.9% | 525M+40.2% | 375M+118.3% | |
| Selling & marketing | 644M+17.9% | 547M+22.0% | 448M+32.5% | 338M+35.6% | 249M+42.7% | |
| Provision for credit losses | 1.49M+74.3% | 853K-71.2% | 2.96M-7.6% | 3.20M+120.0% | 1.46M-53.8% | |
| Operating income | 589M+38.0% | 427M+113.1% | 200M+76.4% | 114M-8.9% | 125M-13.4% | |
| Interest expense | 1.79M+18.2% | 1.51M-8.6% | 1.66M-58.7% | 4.01M | — | |
| Net interest income | 68.7M-12.8% | 78.8M+15.1% | 68.5M+437.1% | 12.8M+1338.3% | -1.03M-257.0% | |
| Other non-operating income | 69.4M-13.4% | 80.1M+18.7% | 67.5M+392.2% | 13.7M+593.2% | -2.78M-811.8% | |
| Pre-tax income | 659M+29.9% | 507M+89.3% | 268M+110.4% | 127M+4.4% | 122M-15.2% | |
| Income tax | 215M+88.6% | 114M+28.3% | 89.1M+20.4% | 74.0M+570.5% | -15.7M+84.0% | |
| 443M+12.8% | 393M+119.7% | 179M+235.2% | 53.4M-61.2% | 138M-43.1% | ||
| Net income to common | 443M+12.8% | 393M+119.7% | 179M+235.2% | 53.4M-61.2% | 138M-43.1% | |
| $0.90+15.4% | $0.78+116.7% | $0.36+227.3% | $0.11-60.7% | $0.28-42.9% | ||
| EPS (basic) | $0.91+13.7% | $0.80+116.2% | $0.37+236.4% | $0.11-62.1% | $0.29-44.2% | |
| Weighted-avg shares (basic) | 488M-0.5% | 491M+0.3% | 489M+0.5% | 487M+2.1% | 477M+3.0% | |
| Weighted-avg shares (diluted) | 494M-1.7% | 502M+0.3% | 500M+0.1% | 500M+0.3% | 499M+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-1.4% | 5.34B+23.7% | 4.31B+12.2% | 3.85B+24.4% | 3.09B+33.8% | ||
| Cash & equivalents | 658M-51.9% | 1.37B+53.0% | 895M-13.1% | 1.03B+36.6% | 754M+72.4% | |
| Short-term investments | 645M+16.8% | 552M+13.8% | 485M+16.6% | 416M+103.3% | 205M+9.6% | |
| Cash & short-term investments | 1.30B-32.2% | 1.92B+39.2% | 1.38B-4.6% | 1.45B+50.9% | 959M | |
| Accounts receivable | 3.77B+13.2% | 3.33B+16.0% | 2.87B+22.3% | 2.35B+16.2% | 2.02B+27.6% | |
| Prepaid expenses | 188M+121.9% | 84.6M+33.6% | 63.4M+22.2% | 51.8M-53.8% | 112M+9.8% | |
| 6.15B+0.7% | 6.11B+25.0% | 4.89B+11.6% | 4.38B+22.5% | 3.58B+29.9% | ||
| Property, plant & equipment | 397M+89.6% | 209M+29.7% | 161M-7.1% | 174M+27.9% | 136M+17.3% | |
| Operating lease right-of-use | 342M+29.7% | 264M+33.4% | 198M-10.3% | 220M-5.9% | 234M-5.7% | |
| Deferred tax assets | 55.7M-75.8% | 230M+48.7% | 155M+64.7% | 94.0M+37.8% | 68.2M+36.0% | |
| Other non-current assets | 97.7M+35.3% | 72.2M+18.9% | 60.7M+29.5% | 46.9M-1.3% | 47.5M+62.9% | |
| 3.27B+13.7% | 2.87B+14.4% | 2.51B+23.7% | 2.03B+12.5% | 1.80B+22.3% | ||
| Accounts payable | 3.01B+14.3% | 2.63B+13.5% | 2.32B+23.8% | 1.87B+13.0% | 1.66B+22.8% | |
| Accrued liabilities | 182M+2.4% | 178M+28.8% | 138M+30.8% | 105M+3.9% | 101M+14.9% | |
| Current lease liability | 76.4M+18.4% | 64.5M+16.2% | 55.5M+5.9% | 52.4M+13.6% | 46.1M+21.9% | |
| 3.67B+16.0% | 3.16B+16.1% | 2.72B+20.3% | 2.27B+10.5% | 2.05B+17.8% | ||
| Non-current lease liability | 360M+45.3% | 248M+37.3% | 180M-13.5% | 209M-12.5% | 238M-6.3% | |
| Operating lease liability (total) | 436M+39.8% | 312M+32.4% | 236M-9.6% | 261M-8.3% | 285M-2.7% | |
| Other non-current liabilities | 42.9M+3.0% | 41.6M+25.1% | 33.3M+21.0% | 27.5M+232.0% | 8.28M-26.4% | |
| 2.48B-15.8% | 2.95B+36.3% | 2.16B+2.3% | 2.12B+38.5% | 1.53B+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+18.5% | 2.59B+31.9% | 1.97B+35.7% | 1.45B+58.4% | 915M+69.9% | |
| Retained earnings | -591M-266.8% | 354M+79.9% | 197M-70.4% | 666M+8.7% | 612M+29.0% | |
| Total equity incl. non-controlling | 2.48B-15.8% | 2.95B+36.3% | 2.16B+2.3% | 2.12B+38.5% | 1.53B+50.7% | |
| Total liabilities & equity | 6.15B+0.7% | 6.11B+25.0% | 4.89B+11.6% | 4.38B+22.5% | 3.58B+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+34.3% | 739M+23.6% | 598M+9.0% | 549M+45.0% | 379M-6.6% | ||
| Depreciation & amortization | 116M+32.3% | 87.5M+8.8% | 80.4M+47.8% | 54.4M+28.9% | 42.2M+47.5% | |
| Share-based compensation | 491M-0.8% | 495M+0.6% | 492M-1.4% | 499M+47.8% | 337M+201.9% | |
| Deferred income taxes | 173M+329.2% | -75.4M-23.9% | -60.8M-135.9% | -25.8M-42.6% | -18.1M+42.1% | |
| Change in receivables | 433M-8.8% | 474M-14.4% | 554M+89.9% | 292M-34.3% | 444M+6.3% | |
| Change in payables | 291M-2.6% | 299M-37.1% | 475M+154.1% | 187M-39.5% | 309M-35.7% | |
| -293M-85.8% | -158M-46.4% | -108M+64.7% | -304M-225.1% | -93.6M+34.6% | ||
| Capital expenditure | 210M+95.9% | 107M+94.6% | 55.0M-40.1% | 91.9M+53.2% | 60.0M-25.1% | |
| Free cash flow | 783M+23.8% | 632M+16.4% | 543M+18.9% | 457M+43.4% | 319M-2.0% | |
| Acquisitions | 4.35M | 0.00 | 0.00 | 0.00 | — | |
| Purchases of investments | 954M+40.4% | 680M+11.7% | 608M+10.0% | 553M+98.8% | 278M+20.6% | |
| Sales/maturities of investments | 876M+39.2% | 629M+13.2% | 556M+64.0% | 339M+33.7% | 253M+51.2% | |
| -1.41B-1211.6% | -108M+82.8% | -626M-2057.1% | 32.0M+0.2% | 31.9M-28.5% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.38B+488.0% | 235M-63.7% | 647M | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | -711M-250.0% | 474M+450.4% | -135M-149.0% | 276M-12.8% | 317M+3.4% | |
| Interest paid | 993K+0.7% | 986K+2.0% | 967K-2.8% | 995K+92.1% | 518K-66.7% | |
| Income taxes paid | 150M-5.3% | 159M+4.4% | 152M+3507.2% | 4.21M+16.7% | 3.61M-27.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 18.1B-69.0% | 58.3B+65.3% | 35.3B+60.8% | 21.9B-50.6% | 44.4B+1070.7% | |
| P/E | 40.8×-72.5% | 148.3×-35.8% | 230.9× | — | 322.5×+1959.2% | |
| P/S | 6.2×-73.8% | 23.8×+23.8% | 19.3×+30.2% | 14.8×-60.1% | 37.1×+718.0% | |
| P/B | 7.3×-63.2% | 19.8×+20.8% | 16.4×+42.8% | 11.5×-60.6% | 29.1×+676.6% | |
| P/FCF | 23.1×-75.0% | 92.2×+57.4% | 58.6×+29.5% | 45.2×-67.6% | 139.5×+1094.3% | |
| Earnings yield | 2.5%+263.9% | 0.67%+55.7% | 0.43% | — | 0.31%-95.1% | |
| FCF yield | 4.3%+299.5% | 1.1%-36.5% | 1.7%-22.8% | 2.2%+208.3% | 0.72%-91.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
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.
