TTD · XBRL financial data

The Trade Desk financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (TTD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	836	1,196	1,578	1,946	2,445	2,896
Cost of goods and services sold	179	222	281	366	472	619
Research and development	167	226	320	412	463	525
General and administrative	172	375	525	520	536	518
Operating income (loss)	144	125	114	200	427	589
Interest expense	—	—	4	2	2	2
Income tax expense (benefit)	(98)	(16)	74	89	114	215
Net income (loss)	242	138	53	179	393	443
Earnings per share, basic‡ USD per share	0.52	0.29	0.11	0.37	0.80	0.91
Earnings per share, diluted‡ USD per share	0.50	0.28	0.11	0.36	0.78	0.90
Weighted average shares, basic‡ millions of shares	463	477	487	489	491	488
Weighted average shares, diluted‡ millions of shares	490	499	500	500	502	494

‡ Per-share figures and share counts are adjusted for the 10-for-1 stock split (June 2021); filings made before it reported them unadjusted.

Fiscal years (TTD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	437	754	1,031	895	1,369	658
Short-term investments	187	205	416	485	552	645
Accounts receivable	1,584	2,021	2,347	2,870	3,330	3,770
Prepaid and other current assets	102	112	52	63	85	188
Total current assets	2,310	3,092	3,846	4,314	5,336	5,261
Property and equipment, net	116	136	174	161	209	397
Right-of-use asset	248	234	220	198	264	342
Total assets	2,754	3,577	4,381	4,889	6,112	6,153
Accounts payable	1,348	1,656	1,871	2,317	2,631	3,008
Accrued liabilities	88	101	105	138	178	182
Total current liabilities	1,475	1,803	2,029	2,511	2,873	3,266
Lease liability, non-current	255	238	209	180	248	360
Total liabilities	1,741	2,050	2,265	2,724	3,163	3,669
Retained earnings (accumulated deficit)	474	612	666	197	354	(591)
Total stockholders' equity	1,013	1,527	2,115	2,164	2,949	2,484
Total liabilities and equity	2,754	3,577	4,381	4,889	6,112	6,153

Fiscal years (TTD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	242	138	53	179	393	443
Stock-based compensation	112	337	499	492	495	491
Depreciation and amortization	29	42	54	80	87	116
Net cash from operating activities	405	379	549	598	739	993
Purchases of property and equipment	74	55	84	47	98	197
Net cash from investing activities	(143)	(94)	(304)	(108)	(158)	(293)
Share repurchases	—	0	0	647	235	1,380
Net cash from financing activities	45	32	32	(626)	(108)	(1,411)
Net change in cash	306	317	276	(135)	474	(711)

SIC 7370 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7370 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Trade Desk	1,123	715	154*	not reported	Q2 FY26 10-QJun 30, 2026
Cloudflare	1,664	696	118*	not reported	Q2 FY26 10-QJun 30, 2026
Hubspot	958	912	223*	49.9M	Q2 FY26 10-QJun 30, 2026
Atlassian	1,240	1,766*	479*	not reported	Q4 FY26 10-KJun 30, 2026
Cognizant Technology Solutions	1,515	5,664	1,004*	447.0M	Q3 FY26 10-QSep 30, 2026
Block	7,859	6,719	1,016*	not reported	Q3 FY26 10-QSep 30, 2026
CoreWeave	5,524	2,575	679*	not reported	Q2 FY26 10-QJun 30, 2026
Tyler Technologies	788	648	282*	39.8M	Q3 FY26 10-QSep 30, 2026
GoDaddy	1,120	1,342	488*	121.3M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.