The Trade Desk, Inc. (TTD)

The Trade Desk Balance Sheet

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

Fiscal Quarter	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	Q3 2020	Q2 2020
Period Ending	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	Sep 30, 2020	Jun 30, 2020
Cash & Equivalents	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	434.37	426.34
Short-Term Investments	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	122.91	128.97
Cash & Short-Term Investments	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	557.28	555.32
Cash Growth	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%	87.94%	140.34%
Receivables	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	1,140	869.06
Prepaid Expenses	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	58.85	67.44
Total Current Assets	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	1,756	1,492
Property, Plant & Equipment	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	314.03	299.99
Other Intangible Assets	-	14.62	-	-	-	16.9	-	-	-	18.54	-	-	-	14.33	-	-	-	11.51	-	-
Long-Term Deferred Tax Assets	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	39.93	30.65
Other Long-Term Assets	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	28.48	26.52
Total Assets	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	2,138	1,849
Accounts Payable	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	919.69	656.17
Accrued Expenses	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	57.72	43.15
Current Portion of Leases	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	34.74	31.39
Total Current Liabilities	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	1,012	730.7
Long-Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72	142
Long-Term Leases	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	205.41	205.56
Other Long-Term Liabilities	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	16.24	12.36
Total Liabilities	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	1,306	1,091
Additional Paid-In Capital	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	510.02	476.86
Retained Earnings	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	322.47	281.22
Comprehensive Income & Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.15	0.27
Total Common Equity	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	832.63	758.35
Shareholders' Equity	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	832.63	758.35
Total Liabilities & Equity	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	2,138	1,849
Total Debt	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	312.14	378.94
Net Cash (Debt)	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	245.14	176.38
Net Cash Growth	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%	117.08%	23.75%
Net Cash Per Share	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	0.50	0.36
Filing Date Shares Outstanding	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	469.64	467.47
Total Common Shares Outstanding	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	469.45	467.29
Working Capital	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	743.83	761.12
Book Value Per Share	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	1.77	1.62
Tangible Book Value	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	832.63	758.35
Tangible Book Value Per Share	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	1.77	1.62
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 May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q