The Trade Desk Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	878.38	658.18	1,369	895.13	1,031	754.15
Short-Term Investments	527.54	644.88	552.03	485.16	416.08	204.63
Cash & Short-Term Investments	1,406	1,303	1,921	1,380	1,447	958.78
Cash Growth	-19.22%	-32.19%	39.21%	-4.58%	50.88%	53.64%
Accounts Receivable	3,324	3,770	3,330	2,870	2,347	2,021
Other Current Assets	132.08	187.75	84.63	63.35	51.84	112.15
Total Current Assets	4,862	5,261	5,336	4,314	3,846	3,092
Net Property, Plant & Equipment	715.67	738.86	473.09	359.15	394.16	369.95
Other Long-Term Assets	157.05	153.36	302.4	215.58	140.91	115.74
Total Assets	5,734	6,153	6,112	4,889	4,381	3,577
Accounts Payable	2,633	3,008	2,631	2,317	1,871	1,656
Accrued Expenses	179.91	181.99	177.76	138	105.47	101.47
Current Portion of Leases	77.51	76.36	64.49	55.52	52.43	46.15
Total Current Liabilities	2,890	3,266	2,873	2,511	2,029	1,803
Long-Term Leases	346.07	359.98	247.72	180.37	208.53	238.45
Other Long-Term Liabilities	44.39	42.86	41.62	33.26	27.49	8.28
Total Long-Term Liabilities	390.46	402.83	289.34	213.63	236.02	246.73
Total Liabilities	3,281	3,669	3,163	2,724	2,265	2,050
Additional Paid-in Capital	3,178	3,075	2,595	1,967	1,450	915.18
Retained Earnings	-724.95	-590.91	354.25	196.95	665.51	612.13
Shareholders' Equity	2,453	2,484	2,949	2,164	2,115	1,527
Total Liabilities & Equity	5,734	6,153	6,112	4,889	4,381	3,577
Total Debt	423.58	436.33	312.22	235.89	260.96	284.6
Net Cash (Debt)	982.34	866.73	1,609	1,144	1,186	674.18
Net Cash Growth	13.34%	-46.14%	40.62%	-3.48%	75.86%	103.31%
Net Cash Per Share	2.02	1.76	3.21	2.29	2.37	1.35
Book Value	2,453	2,484	2,949	2,164	2,115	1,527
Book Value Per Share	5.04	5.03	5.88	4.33	4.23	3.06
Tangible Book Value	2,453	2,484	2,949	2,164	2,115	1,527
Tangible Book Value Per Share	5.04	5.03	5.88	4.33	4.23	3.06

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q