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The Trade Desk, Inc. (TTD)
NASDAQ: TTD · Real-Time Price · USD
11.95
-0.15 (-1.24%)
At close: Oct 2, 2026, 4:00 PM EDT
11.74
-0.21 (-1.76%)
After-hours: Oct 2, 2026, 7:59 PM EDT

The Trade Desk Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
406.89443.3393.08178.9453.39137.76
Depreciation & Amortization
111.67100.7871.4966.4247.4337.22
Other Amortization
1515161475
Stock-Based Compensation
452.09490.63494.7491.62498.64337.41
Provision & Write-off of Bad Debts
3.11---3.21.46
Other Operating Activities
240.69218.14-26.53-30.0633.2329.34
Change in Accounts Receivable
35.36-432.72-474.23-554.01-291.75-444.34
Change in Accounts Payable
-117.03291.07298.92475.46187.12309.41
Change in Other Net Operating Assets
-52.33-133.48-33.97-44.0510.48-34.75
Operating Cash Flow
1,082992.72739.46598.32548.73378.51
Operating Cash Flow Growth
16.41%34.25%23.59%9.04%44.97%-6.56%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-218.63-197.01-98.24-46.79-84.16-54.8
Cash Acquisitions
--4.35----13.26
Sale (Purchase) of Intangibles
-14.41-12.75-8.82-8.23-7.73-5.17
Investment in Securities
435.97-78.52-50.45-52.57-212.49-20.4
Investing Cash Flow
218.44-292.63-157.51-107.59-304.37-93.64

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Total Debt Issued
-74.24-----
Net Debt Issued (Repaid)
-74.24-----
Issuance of Common Stock
36.866.7266.2799.0180.5990.71
Repurchase of Common Stock
-1,036-1,478-373.88-725.11-48.6-56.86
Other Financing Activities
------1.92
Financing Cash Flow
-1,074-1,411-107.61-626.1131.9931.93

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
226.59-711.29474.33-135.38276.35316.8

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
863.05795.71641.22551.53464.57323.71
Free Cash Flow Growth
14.17%24.09%16.26%18.72%43.52%-2.21%
Free Cash Flow Margin
28.86%27.47%26.23%28.34%29.45%27.05%
Free Cash Flow Per Share
1.801.611.281.100.930.65
Levered Free Cash Flow
582.99601.55613.52585.07483.28270.78
Unlevered Free Cash Flow
584.31602.66614.46586.11485.79271.42

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
0.990.990.990.9710.52
Cash Income Tax Paid
150.11150.11158.58151.94.213.61
Change in Working Capital
-134-275.13-209.28-122.6-94.15-169.68
SEC Filings: 10-K · 10-Q