The Trade Desk, Inc. (TTD)

The Trade Desk Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	443.3	393.08	178.94	53.39	137.76
Depreciation & Amortization	115.78	87.49	80.42	54.43	42.22
Stock-Based Compensation	490.63	494.7	491.62	498.64	337.41
Other Adjustments	218.14	-26.53	-30.06	36.43	30.8
Change in Receivables	-432.72	-474.23	-554.01	-291.75	-444.34
Changes in Accounts Payable	291.07	298.92	475.46	187.12	309.41
Changes in Accrued Expenses	-56.9	4.81	-17.23	-40.18	-36.39
Changes in Other Operating Activities	-76.59	-38.78	-26.82	50.66	1.65
Operating Cash Flow	992.72	739.46	598.32	548.73	378.51
Operating Cash Flow Growth	34.25%	23.59%	9.04%	44.97%	-6.56%
Capital Expenditures	-197.01	-98.24	-46.79	-84.16	-54.8
Purchases of Intangible Assets	-12.75	-8.82	-8.23	-7.73	-5.17
Purchases of Investments	-954.27	-679.54	-608.38	-553.3	-278.39
Proceeds from Sale of Investments	875.75	629.09	555.81	340.81	257.98
Payments for Business Acquisitions	-4.35	-	-	-	-13.26
Investing Cash Flow	-292.63	-157.51	-107.59	-304.37	-93.64
Issuance of Common Stock	66.7	266.27	99.01	80.59	90.71
Repurchase of Common Stock	-1,478	-373.88	-725.11	-48.6	-56.86
Net Common Stock Issued (Repurchased)	-1,411	-107.61	-626.11	31.99	33.85
Other Financing Activities	-	-	-	-	-1.92
Financing Cash Flow	-1,411	-107.61	-626.11	31.99	31.93
Net Cash Flow	-711.29	474.33	-135.38	276.35	316.8
Free Cash Flow	795.71	641.22	551.53	464.57	323.71
Free Cash Flow Growth	24.09%	16.26%	18.72%	43.52%	-2.21%
FCF Margin	27.47%	26.23%	28.34%	29.44%	27.06%
Free Cash Flow Per Share	1.61	1.28	1.10	0.93	0.65
Levered Free Cash Flow	519.67	647.27	643.98	221.25	399.84
Unlevered Free Cash Flow	472.94	585.18	598.9	215.5	402.98

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

SEC Filings: 10-K · 10-Q