Trade Desk (The)

Communication Services Advertising Ventura, California Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$2.9B
                    3y CAGR +22.4%
                    
                    P95
                    
                    n/a
                    
                    Net income
                    FY2025
                
$443.3M
                    Net margin +15.3%
                    
                    P67
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$6.2B
                    ROA +7.2%
                    
                    P48
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$992.7M
                    FCF margin +27.0%
                    
                    P95
                    
                    n/a

12 yrs · FY2014–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

23 accounts · 1 year

Total assets $6.2B

Total liabilities $3.7B

Shareholders equity $2.5B

Account	2025	Trend
Assets
Cash and Cash Equivalents	10.7%
Short Term Investments	10.5%
Accounts Receivable	61.3%
Prepaid Expenses	3.1%
Total Current Assets	85.5%
Property,Plant and Equipment	6.4%
Operating Lease Assets	5.6%
Deferred Tax Assets	0.9%
Other Noncurrent Assets	1.6%
Total Assets	100.0%
Liabilities
Accounts Payable	48.9%
Accrued Liabilities	3.0%
Operating Lease Liabilities	1.2%
Total Current Liabilities	53.1%
Operating Lease Liabilities Noncurrent	5.9%
Other Noncurrent Liabilities	0.7%
Total Liabilities	59.6%
Equity
Preferred Stock	0.0%
Common Stock	0.0%
Additional Paid In Capital	50.0%
Retained Earnings	-9.6%
Total Stockholders Equity	40.4%
Total Liabilitiesand Equity	100.0%

Income Statement

Revenue, expense, and profitability

13 accounts · 1 year

Revenue $2.9B

Operating income $589.3M

Net income $443.3M

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	47.1%
Expenses Cost of Revenue	10.1%
Expenses Research and Development	8.5%
Expenses Selling,General and Administrative	18.9%
Other Income Expense Operating Income	9.6%
Other Income Expense Interest Income	1.1%
Other Income Expense Other Income/expense	0.0%
Other Income Expense Income Before Tax	10.7%
Income Tax Income Tax Expense	3.5%
net Income net Income	7.2%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Diluted	8.0%

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 1 year

Operating cash flow $992.7M

Investing cash flow $-292.6M

Financing cash flow $-1.4B

Account	2025	Trend
CashFlow
Operating Activities net Income	7.2%
Operating Activities Depreciation and Amortization	1.9%
Operating Activities Stock Based Compensation	8.0%
Operating Activities Deferred Income Taxes	2.7%
Operating Activities Changes In Operating Assets and Liabilities	-4.5%
Operating Activities Other Non Cash Items	0.8%
Operating Activities net Cash From Operating Activities	16.1%
Investing Activities Capital Expenditures	-3.4%
Investing Activities Business Acquisitions	-0.1%
Investing Activities Purchases of Investments	-15.5%
Investing Activities Proceeds From Sale of Investments	14.2%
Investing Activities net Cash From Investing Activities	-4.8%
Financing Activities Repurchase of Common Stock	-22.4%
Financing Activities Proceeds From Stock Issuance	1.1%
Financing Activities Tax Withholding On Stock Based Compensation	-1.6%
Financing Activities net Cash From Financing Activities	-22.9%
Cash Reconciliation net Change In Cash	-11.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+78.6%
Operating margin	+20.3%
Net margin	+15.3%
FCF margin	+27.0%
Growth
Revenue CAGR (3y)	+22.4%
Returns
ROE	+17.8%
ROA	+7.2%
ROIC	—
Liquidity
Current ratio	1.61x
Quick ratio	1.36x
Leverage
D/E	1.48x
Interest coverage	—
Efficiency
Asset turnover	0.47x
Cash conversion cycle	—

Valuation

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FY2025 fundamentals · no price

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Trade Desk (The)

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