Trade Desk, Inc.
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TTD Q4 2025 request
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/api/financials?ticker=TTD&year=2025&quarter=4
Pick an endpoint and run the request.Income Statement
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Revenue | 846,791 | 741,012 | +14.3% |
| Cost of Revenue | 163,094 | 135,267 | +20.6% |
| Sales & Marketing | 173,596 | 150,629 | +15.2% |
| Research & Development | 130,595 | 127,893 | +2.1% |
| General & Administrative | 122,633 | 131,914 | -7.0% |
| Total Costs & Expenses | 589,918 | 545,703 | +8.1% |
| Operating Income | 256,873 | 195,309 | +31.5% |
| Interest Income Expense Net | -14,060 | -24,956 | +43.7% |
| Foreign Currency Transaction Gain Loss Before Tax | 667 | -1,334 | +150.0% |
| Non-Operating Income (Expense) | -13,393 | -26,290 | +49.1% |
| Income Before Taxes | 270,266 | 221,599 | +22.0% |
| Income Tax Expense (Benefit) | 83,316 | 39,370 | +111.6% |
| Net Income | 186,950 | 182,229 | +2.6% |
| EPS (Basic) | 0.39 | 0.37 | +5.4% |
| EPS (Diluted) | 0.38 | 0.36 | +5.6% |
| Wtd Avg Shares (Basic) | -2,791 | 1,034 | -369.9% |
| Wtd Avg Shares (Diluted) | -3,647 | 1,651 | -320.9% |
| Interest Expense | 651 | 389 | +67.4% |
Balance Sheet
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 658,175 | 1,369,463 | -51.9% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level1 ยท Money Market Funds | 306,658 | 1,031,413 | -70.3% |
| Fair Value Inputs Level2 ยท Commercial Paper | 83,180 | 101,163 | -17.8% |
| Fair Value Inputs Level2 ยท US Government Agencies Debt Securities | 27,421 | 14,941 | +83.5% |
Show Investment Type breakouts |
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| Cash | 240,916 | 218,448 | +10.3% |
| Short-Term Investments | 644,882 | 552,026 | +16.8% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level2 ยท Commercial Paper | 133,222 | 129,879 | +2.6% |
| Fair Value Inputs Level2 ยท Corporate Debt Securities | 358,919 | 281,775 | +27.4% |
| Fair Value Inputs Level2 ยท US Government Agencies Debt Securities | 152,741 | 140,372 | +8.8% |
| Accounts Receivable | 3,770,194 | 3,330,343 | +13.2% |
| Prepaid Expenses & Other Current Assets | 187,753 | 84,626 | +121.9% |
| Total Current Assets | 5,261,004 | 5,336,458 | -1.4% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 396,819 | 209,332 | +89.6% |
| Operating Lease Right-of-Use Assets | 342,042 | 263,761 | +29.7% |
| Deferred Tax Assets | 55,700 | 230,214 | -75.8% |
| Other Non-Current Assets | 97,655 | 72,186 | +35.3% |
| Total Assets | 6,153,220 | 6,111,951 | +0.7% |
| Current Liabilities | |||
| Accounts Payable | 3,007,651 | 2,631,213 | +14.3% |
| Accrued Liabilities | 181,991 | 177,760 | +2.4% |
| Operating Lease Liability Current | 76,355 | 64,492 | +18.4% |
| Total Current Liabilities | 3,265,997 | 2,873,465 | +13.7% |
| Non-Current Liabilities | |||
| Operating Lease Liabilities | 359,975 | 247,723 | +45.3% |
| Other Non-Current Liabilities | 42,857 | 41,618 | +3.0% |
| Total Liabilities | 3,668,829 | 3,162,806 | +16.0% |
| Stockholders' Equity | |||
| Additional Paid In Capital Common Stock | 3,075,303 | 2,594,896 | +18.5% |
| Retained Earnings | -590,912 | 354,249 | -266.8% |
| Total Stockholders' Equity | 2,484,391 | 2,949,145 | -15.8% |
Show Equity Components breakouts |
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| Additional Paid In Capital | 3,075,303 | 2,594,896 | +18.5% |
| Retained Earnings | -590,912 | 354,249 | -266.8% |
| Total Liabilities & Equity | 6,153,220 | 6,111,951 | +0.7% |
Cash Flow Statement
| Metric | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 186,950 | 182,229 | +2.6% |
| Depreciation & Amortization | 31,960 | 24,112 | +32.5% |
| Stock-Based Compensation | 112,173 | 129,229 | -13.2% |
| Noncash Lease Expense | 18,448 | 15,881 | +16.2% |
| Other Non-Cash Items | -5,396 | 4,873 | -210.7% |
| Change in Accounts Receivable | -283,665 | -348,516 | +18.6% |
| Change in Prepaid & Other Assets | 14,988 | 29,707 | -49.5% |
| Change in Accounts Payable | 170,692 | 211,744 | -19.4% |
| Increase Decrease In Accrued Liabilities And Other Operating Liabilities | 33,724 | 37,718 | -10.6% |
| Increase Decrease In Operating Lease Liabilities | -16,314 | -9,836 | -65.9% |
| Net Cash from Operations | 311,589 | 199,401 | +56.3% |
| Investing Activities | |||
| Payments To Acquire Investments | -128,063 | -192,943 | +33.6% |
| Proceeds From Sale Maturity And Collections Of Investments | 278,341 | 154,066 | +80.7% |
| Capital Expenditures | -26,323 | -20,190 | -30.4% |
| Payments To Develop Software | -3,659 | -2,116 | -72.9% |
| Net Cash from Investing | 120,296 | -61,183 | +296.6% |
| Operating Lease Payments | 22,499 | 19,854 | +13.3% |
| Right Of Use Asset Obtained In Exchange For Operating Lease Liability | 74,220 | 37,640 | +97.2% |
| Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount | 1,957 | 1,307 | +49.7% |
| Repurchase Of Class A Common Stock Accrued Not Yet Paid | -9,464 | 177 | -5446.9% |
| Financing Activities | |||
| Share Repurchases | -422,882 | -57,356 | -637.3% |
| Proceeds From Stock Options Exercised | 3,531 | 88,591 | -96.0% |
| Proceeds From Stock Plans | 10,435 | 19,867 | -47.5% |
| Tax Withholding for Share Compensation | -17,928 | -41,332 | +56.6% |
| Net Cash from Financing | -426,844 | 9,770 | -4468.9% |
| Supplemental | |||
| Unpaid Capital Expenditures | 73,984 | 10,291 | +618.9% |
| Other Cash Flow | |||
| Net Change in Cash | 5,041 | 147,988 | -96.6% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | 658,175 | 1,369,463 | -51.9% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.