The Trade Desk, Inc. (TTD)

The Trade Desk Balance Sheet

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

Fiscal Quarter	Q4 2025	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
Period Ending	Dec 31, 2025	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
Cash & Equivalents	658.18	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
Short-Term Investments	644.88	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
Cash & Short-Term Investments	1,303	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
Cash Growth	-32.19%	-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%
Accounts Receivable	3,770	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
Other Current Assets	187.75	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
Total Current Assets	5,261	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
Net Property, Plant & Equipment	738.86	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
Other Long-Term Assets	153.36	210.5	324.81	319.05	302.4	226.55	215.76	214.97	215.58	145.18	143.31	141.28	140.91	111.6	111.98	117.75	115.74	92.99	75.2	78.72
Total Assets	6,153	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
Accounts Payable	3,008	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
Accrued Expenses	181.99	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
Current Portion of Leases	76.36	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
Total Current Liabilities	3,266	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
Long-Term Leases	359.98	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
Other Long-Term Liabilities	42.86	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
Total Long-Term Liabilities	402.83	344.84	312.99	306.7	289.34	264.49	236.13	213.89	213.63	217.75	224.57	228.48	236.02	224.43	227.84	237.82	246.73	258.04	262.03	254.91
Total Liabilities	3,669	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
Additional Paid-in Capital	3,075	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
Retained Earnings	-590.91	-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
Shareholders' Equity	2,484	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
Total Liabilities & Equity	6,153	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
Total Debt	436.33	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
Net Cash (Debt)	866.73	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
Net Cash Growth	-46.14%	-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%
Net Cash Per Share	1.79	2.17	2.71	2.79	3.17	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
Book Value	2,484	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
Book Value Per Share	5.15	5.28	5.44	5.40	5.82	5.22	4.81	4.35	4.33	4.29	4.15	3.88	4.23	3.83	3.66	3.41	3.05	2.61	2.42	2.18
Tangible Book Value	2,484	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
Tangible Book Value Per Share	5.15	5.28	5.44	5.40	5.82	5.22	4.81	4.35	4.33	4.29	4.15	3.88	4.23	3.83	3.66	3.41	3.05	2.61	2.42	2.18

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q