The Trade Desk, Inc. (TTD)

The Trade Desk Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020
Period Ending	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Cash & Equivalents	653.13	896.39	1,119	1,369	1,221	1,009	918.2	895.13	1,072	965.83	892.7	1,031	994.66	932.68	844.22	754.15	576.92	476.91	471.64	437.35
Short-Term Investments	792.31	790.87	621.83	552.03	510.29	497.17	501.36	485.16	450.12	465.11	437.73	416.08	326.75	280.46	260.35	204.63	221.69	228.15	208.45	186.69
Cash & Short-Term Investments	1,445	1,687	1,740	1,921	1,732	1,507	1,420	1,380	1,522	1,431	1,330	1,447	1,321	1,213	1,105	958.78	798.6	705.06	680.08	624.04
Cash Growth	-16.53%	12.00%	22.60%	39.21%	13.79%	5.28%	6.70%	-4.58%	15.17%	17.95%	20.45%	50.88%	65.46%	72.06%	62.42%	53.64%	43.30%	26.96%	52.54%	144.73%
Receivables	3,478	3,255	3,052	3,330	2,989	2,906	2,619	2,870	2,434	2,346	2,086	2,347	2,027	1,903	1,761	2,021	1,625	1,528	1,369	1,584
Prepaid Expenses	196.5	111.55	64.04	84.63	117.22	110.78	57.58	63.35	57.88	54.75	59.1	51.84	67.03	80.53	89.78	112.15	92.56	114.56	121.4	102.17
Total Current Assets	5,120	5,054	4,856	5,336	4,838	4,523	4,096	4,314	4,014	3,832	3,476	3,846	3,415	3,196	2,955	3,092	2,516	2,347	2,170	2,310
Property, Plant & Equipment	609.61	579.28	530.06	473.09	440.4	421.32	352.41	359.15	361.45	371.89	382.5	394.16	397	364.59	359.63	369.95	379.85	370.48	353.83	364.01
Other Intangible Assets	-	-	-	14.62	-	-	-	16.9	-	-	-	18.54	-	-	-	14.33	-	-	-	11.51
Long-Term Deferred Tax Assets	110.51	228.95	228.95	230.21	154.85	154.85	154.85	154.85	94.03	94.03	94.03	94.03	67.64	66.69	73.55	68.24	46.41	45.12	50.17	50.17
Other Long-Term Assets	99.99	95.86	90.1	57.57	71.7	60.91	60.12	43.83	51.15	49.28	47.25	28.34	43.96	45.29	44.2	33.17	46.58	30.08	28.55	17.65
Total Assets	5,940	5,958	5,705	6,112	5,505	5,160	4,664	4,889	4,520	4,347	4,000	4,381	3,924	3,673	3,433	3,577	2,989	2,793	2,603	2,754
Accounts Payable	2,761	2,724	2,399	2,631	2,410	2,337	2,095	2,317	1,968	1,893	1,677	1,871	1,651	1,537	1,406	1,656	1,305	1,222	1,142	1,348
Accrued Expenses	160.38	152.48	210.81	177.76	142.46	120.22	131.29	138	121.62	103.29	100.15	105.47	82.77	79.34	92.9	101.47	77.32	66.76	83.53	88.34
Current Portion of Leases	73.13	72.41	72.3	64.49	62.86	61.58	57.21	55.52	57.89	54.79	53.05	52.43	51.03	48.29	47.23	46.15	45.6	39.59	37.69	37.87
Total Current Liabilities	2,995	2,949	2,682	2,873	2,615	2,518	2,283	2,511	2,147	2,051	1,830	2,029	1,785	1,665	1,546	1,803	1,428	1,329	1,263	1,475
Long-Term Leases	302.85	271.14	262.67	247.72	230.36	202.77	180.46	180.37	190.21	198.08	200.73	208.53	215.73	219.34	229.49	238.45	247.92	253	245.9	254.56
Other Long-Term Liabilities	42	41.86	44.03	41.62	34.13	33.36	33.44	33.26	27.54	26.5	27.75	27.49	8.7	8.5	8.33	8.28	10.12	9.03	9.01	11.26
Total Liabilities	3,340	3,262	2,989	3,163	2,880	2,755	2,497	2,724	2,365	2,276	2,059	2,265	2,010	1,893	1,784	2,050	1,686	1,591	1,518	1,741
Additional Paid-In Capital	2,965	2,858	2,712	2,595	2,397	2,217	2,063	1,967	1,835	1,700	1,559	1,450	1,320	1,201	1,052	915.18	698.72	657.64	587.3	538.78
Retained Earnings	-364.45	-162.36	4.52	354.25	228.65	188.36	103.24	196.95	320.42	370.91	381.98	665.51	594.33	578.46	597.53	612.13	604.09	544.71	497.01	474.37
Total Common Equity	2,601	2,696	2,717	2,949	2,626	2,405	2,167	2,164	2,156	2,071	1,941	2,115	1,914	1,780	1,649	1,527	1,303	1,202	1,084	1,013
Shareholders' Equity	2,601	2,696	2,717	2,949	2,626	2,405	2,167	2,164	2,156	2,071	1,941	2,115	1,914	1,780	1,649	1,527	1,303	1,202	1,084	1,013
Total Liabilities & Equity	5,940	5,958	5,705	6,112	5,505	5,160	4,664	4,889	4,520	4,347	4,000	4,381	3,924	3,673	3,433	3,577	2,989	2,793	2,603	2,754
Total Debt	375.98	343.55	334.97	312.22	293.21	264.35	237.66	235.89	248.1	252.87	253.78	260.96	266.75	267.63	276.72	284.6	293.53	292.59	283.59	292.43
Net Cash (Debt)	1,069	1,344	1,405	1,609	1,439	1,242	1,182	1,144	1,274	1,178	1,077	1,186	1,055	945.51	827.86	674.18	505.08	412.47	396.5	331.61
Net Cash Growth	-25.66%	8.17%	18.91%	40.62%	12.93%	5.44%	9.78%	-3.48%	20.78%	24.60%	30.05%	75.86%	108.81%	129.23%	108.79%	103.31%	106.04%	133.86%	424.32%	405.98%
Net Cash Per Share	2.17	2.71	2.79	3.18	2.86	2.48	2.37	2.29	2.54	2.36	2.15	2.37	2.11	1.94	1.71	1.35	1.01	0.83	0.80	0.67
Filing Date Shares Outstanding	483.59	488.94	491.44	496.09	493.57	491.58	489.13	488.94	490.3	490.2	488.85	490.79	489.51	488.26	486.33	484.83	480.63	478.68	475.77	473.8
Total Common Shares Outstanding	484.73	489.9	491.32	496.1	493.45	491.6	488.73	488.92	490.24	490.05	488.19	490.47	489.45	488.29	486.03	483.44	480.59	478.45	475.31	473.4
Working Capital	2,126	2,105	2,174	2,463	2,223	2,004	1,813	1,803	1,867	1,781	1,646	1,816	1,630	1,531	1,410	1,288	1,088	1,019	906.67	835.63
Book Value Per Share	5.37	5.50	5.53	5.94	5.32	4.89	4.43	4.43	4.40	4.23	3.98	4.31	3.91	3.65	3.39	3.16	2.71	2.51	2.28	2.14
Tangible Book Value	2,601	2,696	2,717	2,935	2,626	2,405	2,167	2,147	2,156	2,071	1,941	2,097	1,914	1,780	1,649	1,513	1,303	1,202	1,084	1,002
Tangible Book Value Per Share	5.37	5.50	5.53	5.92	5.32	4.89	4.43	4.39	4.40	4.23	3.98	4.28	3.91	3.65	3.39	3.13	2.71	2.51	2.28	2.12
Machinery	-	-	-	219.37	-	-	-	171.06	-	-	-	136.6	-	-	-	75.74	-	-	-	46.5
Construction In Progress	-	-	-	34.54	-	-	-	8.49	-	-	-	10.9	-	-	-	6.81	-	-	-	13.86
Leasehold Improvements	-	-	-	156.42	-	-	-	129.99	-	-	-	121.7	-	-	-	112.01	-	-	-	87.8

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q