Trade Desk (TTD) Financials

$76.06 +2.17 (+2.94%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$75.92 -0.14 (-0.18%)

As of 04:27 AM Eastern

Annual Income Statements for Trade Desk

This table shows Trade Desk's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	393	179	53	138	242	108	88	51	-27	8.76
Consolidated Net Income / (Loss)	393	179	53	138	242	108	88	51	20	16
Net Income / (Loss) Continuing Operations	393	179	53	138	242	108	88	51	20	16
Total Pre-Tax Income	507	268	127	122	144	116	106	64	44	30
Total Operating Income	427	200	114	125	144	112	107	69	58	38
Total Gross Profit	1,973	1,581	1,297	975	657	505	363	242	163	91
Total Revenue	2,445	1,946	1,578	1,196	836	661	477	308	203	114
Operating Revenue	2,445	1,946	1,578	1,196	836	661	477	308	203	114
Total Cost of Revenue	472	366	281	222	179	156	114	66	40	23
Operating Cost of Revenue	472	366	281	222	179	156	114	66	40	23
Total Operating Expenses	1,546	1,380	1,183	850	513	393	256	173	106	53
Selling, General & Admin Expense	536	520	525	375	172	143	85	58	32	13
Marketing Expense	547	448	338	249	175	133	87	61	46	27
Research & Development Expense	463	412	320	226	167	117	84	53	27	13
Total Other Income / (Expense), net	80	68	14	-2.78	-0.31	4.02	-1.59	-5.73	-14	-8.13
Interest Expense	-79	-69	-13	1.03	-0.66	-4.72	-0.33	1.70	3.08	1.14
Other Income / (Expense), net	1.29	-0.99	0.96	-1.75	-0.96	-0.70	-1.92	-4.03	-11	-6.98
Income Tax Expense	114	89	74	-16	-98	7.90	18	13	23	14
Basic Earnings per Share	$0.80	$0.37	$0.11	$0.29	$0.52	$0.24	$2.08	$1.26	($1.46)	$0.85
Weighted Average Basic Shares Outstanding	490.88M	489.26M	486.94M	476.85M	462.87M	445.33M	42.44M	40.26M	18.28M	10.29M
Diluted Earnings per Share	$0.78	$0.36	$0.11	$0.28	$0.49	$0.23	$1.92	$1.15	($1.46)	$0.39
Weighted Average Diluted Shares Outstanding	501.92M	500.18M	499.93M	498.54M	489.88M	478.06M	45.79M	44.06M	18.28M	16.78M
Weighted Average Basic & Diluted Shares Outstanding	496.09M	488.94M	490.79M	484.83M	47.38M	45.57M	44.07M	40.30M	18.30M	10.30M

This table shows Trade Desk's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	182	94	85	32	97	39	33	9.33	71	16
Consolidated Net Income / (Loss)	182	94	85	32	97	39	33	9.33	71	16
Net Income / (Loss) Continuing Operations	182	94	85	32	97	39	33	9.33	71	16
Total Pre-Tax Income	222	127	112	46	161	57	60	-9.61	112	31
Total Operating Income	195	108	95	29	144	38	42	-23	100	29
Total Gross Profit	606	505	474	388	505	400	378	298	411	325
Total Revenue	741	628	585	491	606	493	464	383	491	395
Operating Revenue	741	628	585	491	606	493	464	383	491	395
Total Cost of Revenue	135	123	110	104	101	93	87	85	80	70
Operating Cost of Revenue	135	123	110	104	101	93	87	85	80	70
Total Operating Expenses	410	397	379	359	361	362	336	321	311	296
Selling, General & Admin Expense	132	139	135	130	132	132	126	130	134	131
Marketing Expense	151	140	134	122	127	112	111	97	93	85
Research & Development Expense	128	118	110	108	102	118	98	94	84	80
Total Other Income / (Expense), net	26	19	18	17	16	19	18	14	12	1.70
Interest Expense	-25	-19	-18	-17	-19	-18	-18	-14	-11	-1.74
Other Income / (Expense), net	1.33	-0.71	-0.05	0.72	-2.71	1.70	0.75	-0.72	0.53	-0.04
Income Tax Expense	39	33	27	14	63	18	27	-19	41	15
Basic Earnings per Share	$0.38	$0.19	$0.17	$0.06	$0.20	$0.08	$0.07	$0.02	$0.15	$0.03
Weighted Average Basic Shares Outstanding	490.88M	491.61M	489.35M	488.55M	489.26M	489.45M	488.43M	489.71M	486.94M	487.96M
Diluted Earnings per Share	$0.36	$0.19	$0.17	$0.06	$0.19	$0.08	$0.07	$0.02	$0.15	$0.03
Weighted Average Diluted Shares Outstanding	501.92M	502.56M	500.04M	498.19M	500.18M	501.88M	499.35M	499.80M	499.93M	500.30M
Weighted Average Basic & Diluted Shares Outstanding	496.09M	493.57M	491.58M	489.13M	488.94M	490.30M	490.20M	488.85M	490.79M	489.51M

This table details how cash moves in and out of Trade Desk's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	474	-135	276	317	306	-76	51	23	129	-13
Net Cash From Operating Activities	739	598	549	379	405	60	87	31	75	-37
Net Cash From Continuing Operating Activities	739	598	549	379	405	60	87	31	75	-37
Net Income / (Loss) Continuing Operations	393	179	53	138	242	108	88	51	20	16
Consolidated Net Income / (Loss)	393	179	53	138	242	108	88	51	20	16
Depreciation Expense	87	80	54	42	29	22	12	7.21	3.80	1.83
Non-Cash Adjustments To Reconcile Net Income	545	523	547	385	150	103	47	24	18	7.05
Changes in Operating Assets and Liabilities, net	-286	-184	-106	-186	-16	-173	-61	-51	33	-61
Net Cash From Investing Activities	-158	-108	-304	-94	-143	-164	-25	-16	-9.22	-6.38
Net Cash From Continuing Investing Activities	-158	-108	-304	-94	-143	-164	-25	-16	-9.22	-6.38
Purchase of Property, Plant & Equipment	-107	-55	-92	-60	-80	-41	-25	-13	-9.22	-6.93
Purchase of Investments	-680	-608	-553	-278	-231	-213	0.00	-	-	-
Sale and/or Maturity of Investments	629	556	341	258	168	90	0.00	-	-	0.55
Net Cash From Financing Activities	-108	-626	32	32	45	27	-10	7.39	64	30
Net Cash From Continuing Financing Activities	-108	-626	32	32	45	27	-10	7.39	64	30
Repurchase of Common Equity	-235	-647	0.00	0.00	-	-	-	-	-58	-0.16
Issuance of Common Equity	50	38	33	29	22	17	14	7.00	82	-
Other Financing Activities, net	77	-18	-1.07	4.62	23	11	3.34	1.55	0.49	0.17
Cash Interest Paid	0.99	0.97	1.00	0.52	1.55	0.41	0.82	1.32	1.70	0.90
Cash Income Taxes Paid	159	152	4.21	3.61	4.98	20	17	19	17	13

This table details how cash moves in and out of Trade Desk's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	148	212	91	23	-177	106	73	-138	36	62
Net Cash From Operating Activities	199	273	81	185	91	192	128	188	173	137
Net Cash From Continuing Operating Activities	199	273	81	185	91	192	128	188	173	137
Net Income / (Loss) Continuing Operations	182	94	85	32	97	39	33	9.33	71	16
Consolidated Net Income / (Loss)	182	94	85	32	97	39	33	9.33	71	16
Depreciation Expense	24	21	21	22	21	21	20	19	17	13
Non-Cash Adjustments To Reconcile Net Income	149	136	135	125	123	154	122	124	136	130
Changes in Operating Assets and Liabilities, net	-156	22	-160	7.53	-150	-22	-47	35	-51	-22
Net Cash From Investing Activities	-61	-59	-16	-21	-57	11	-33	-29	-139	-72
Net Cash From Continuing Investing Activities	-61	-59	-16	-21	-57	11	-33	-29	-139	-72
Purchase of Property, Plant & Equipment	-22	-51	-25	-9.18	-27	-7.72	-9.35	-11	-51	-25
Purchase of Investments	-193	-169	-158	-160	-160	-132	-172	-145	-174	-145
Sale and/or Maturity of Investments	154	160	167	148	130	151	148	127	86	99
Net Cash From Financing Activities	9.77	-2.02	26	-141	-211	-97	-22	-297	0.99	-3.14
Net Cash From Continuing Financing Activities	9.77	-2.02	26	-141	-211	-97	-22	-297	0.99	-3.14
Repurchase of Common Equity	-57	-52	-	-125	-220	-90	-45	-292	-	-
Issuance of Common Equity	20	-	-	-	17	-	-	-	7.52	-
Other Financing Activities, net	47	50	-4.20	-16	-7.96	-6.75	1.95	-5.23	-6.53	-3.14

This table presents Trade Desk's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	6,112	4,889	4,381	3,577	2,754	1,729	1,118	797	538	210
Total Current Assets	5,336	4,314	3,846	3,092	2,310	1,449	1,057	766	516	200
Cash & Equivalents	1,369	895	1,031	754	437	131	207	156	133	4.05
Short-Term Investments	552	485	416	205	187	124	-	-	-	-
Accounts Receivable	3,330	2,870	2,347	2,021	1,584	1,166	835	600	377	192
Prepaid Expenses	85	63	52	112	102	28	15	10	5.76	3.81
Plant, Property, & Equipment, net	209	161	174	136	116	64	33	17	15	6.63
Total Noncurrent Assets	566	413	361	350	327	216	28	14	6.41	3.80
Noncurrent Deferred & Refundable Income Taxes	230	155	94	68	50	19	8.46	3.36	1.78	1.17
Other Noncurrent Operating Assets	336	258	267	282	277	197	20	11	4.64	2.63
Total Liabilities & Shareholders' Equity	6,112	4,889	4,381	3,577	2,754	1,729	1,118	797	538	210
Total Liabilities	3,163	2,724	2,265	2,050	1,741	1,116	723	552	373	172
Total Current Liabilities	2,873	2,511	2,029	1,803	1,475	930	714	519	344	119
Accounts Payable	2,631	2,317	1,871	1,656	1,348	869	669	490	321	108
Accrued Expenses	178	138	105	101	88	47	45	28	23	10
Other Current Liabilities	64	56	52	46	38	15	-	-	-	-
Total Noncurrent Liabilities	289	214	236	247	266	186	9.31	33	29	53
Other Noncurrent Operating Liabilities	289	214	236	247	266	186	9.31	6.05	3.23	8.10
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,949	2,164	2,115	1,527	1,013	613	395	246	164	14
Total Preferred & Common Equity	2,949	2,164	2,115	1,527	1,013	613	395	246	164	14
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,949	2,164	2,115	1,527	1,013	613	395	246	164	14
Common Stock	2,595	1,967	1,450	915	539	380	270	210	179	1.04
Retained Earnings	354	197	666	612	474	232	124	36	-15	13

This table presents Trade Desk's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,505	5,160	4,664	4,520	4,347	4,000	3,924
Total Current Assets	4,838	4,523	4,096	4,014	3,832	3,476	3,415
Cash & Equivalents	1,221	1,009	918	1,072	966	893	995
Short-Term Investments	510	497	501	450	465	438	327
Accounts Receivable	2,989	2,906	2,619	2,434	2,346	2,086	2,027
Prepaid Expenses	117	111	58	58	55	59	67
Plant, Property, & Equipment, net	198	192	151	153	160	170	166
Total Noncurrent Assets	469	445	417	354	355	353	343
Noncurrent Deferred & Refundable Income Taxes	155	155	155	94	94	94	68
Other Noncurrent Operating Assets	314	290	262	260	261	259	275
Total Liabilities & Shareholders' Equity	5,505	5,160	4,664	4,520	4,347	4,000	3,924
Total Liabilities	2,880	2,755	2,497	2,365	2,276	2,059	2,010
Total Current Liabilities	2,615	2,518	2,283	2,147	2,051	1,830	1,785
Short-Term Debt	63	62	57	-	-	-	-
Accounts Payable	2,410	2,337	2,095	1,968	1,893	1,677	1,651
Accrued Expenses	142	120	131	122	103	100	83
Total Noncurrent Liabilities	264	236	214	218	225	228	224
Capital Lease Obligations	230	203	180	-	-	-	-
Other Noncurrent Operating Liabilities	34	33	33	218	225	228	224
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,626	2,405	2,167	2,156	2,071	1,941	1,914
Total Preferred & Common Equity	2,626	2,405	2,167	2,156	2,071	1,941	1,914
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,626	2,405	2,167	2,156	2,071	1,941	1,914
Common Stock	2,397	2,217	2,063	1,835	1,700	1,559	1,320
Retained Earnings	229	188	103	320	371	382	594

This table displays calculated financial ratios and metrics derived from Trade Desk's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.63%	23.34%	31.87%	43.11%	26.47%	38.50%	54.86%	51.89%	78.26%	155.54%
EBITDA Growth	84.33%	65.59%	2.27%	-3.84%	29.07%	13.60%	61.62%	43.04%	54.48%	5,559.31%
EBIT Growth	114.78%	74.05%	-6.87%	-14.09%	28.47%	5.78%	61.36%	39.25%	51.34%	31,096.00%
NOPAT Growth	147.26%	181.01%	-66.19%	-41.98%	132.22%	16.88%	61.56%	106.03%	32.63%	3,689.09%
Net Income Growth	119.67%	235.19%	-61.25%	-43.15%	123.71%	22.89%	73.51%	148.01%	28.58%	318,480.00%
EPS Growth	116.67%	227.27%	-60.71%	-42.86%	123.71%	22.89%	66.96%	178.77%	-474.36%	0.00%
Operating Cash Flow Growth	23.59%	9.04%	44.97%	-6.56%	572.82%	-30.48%	177.36%	-58.39%	305.23%	-146.28%
Free Cash Flow Firm Growth	367.07%	135.52%	-36.53%	-118.23%	421.90%	-449.82%	523.25%	-109.00%	183.56%	0.00%
Invested Capital Growth	31.09%	17.22%	17.63%	46.11%	8.83%	90.85%	60.62%	105.24%	-28.24%	0.00%
Revenue Q/Q Growth	5.85%	6.28%	6.42%	6.75%	14.20%	9.16%	13.78%	10.88%	0.00%	0.00%
EBITDA Q/Q Growth	12.79%	19.02%	348.95%	-43.79%	48.00%	5.01%	23.50%	8.91%	0.00%	0.00%
EBIT Q/Q Growth	14.70%	25.90%	1,041.09%	-51.97%	61.06%	3.39%	24.35%	8.41%	0.00%	0.00%
NOPAT Q/Q Growth	27.41%	23.07%	673.45%	-50.17%	72.18%	11.32%	31.56%	14.31%	0.00%	0.00%
Net Income Q/Q Growth	27.55%	17.10%	646.81%	-51.08%	71.42%	11.89%	34.53%	14.75%	0.00%	0.00%
EPS Q/Q Growth	27.87%	16.13%	650.00%	-52.54%	71.42%	11.89%	25.49%	-67.61%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	17.16%	-12.10%	1.87%	-1.09%	93.40%	-55.84%	38.04%	-27.51%	168.43%	0.00%
Free Cash Flow Firm Q/Q Growth	129.70%	-72.53%	45.77%	-130.60%	549.05%	-354.97%	176.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-13.44%	23.72%	12.80%	12.76%	12.02%	49.68%	9.77%	6.55%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.69%	81.21%	82.18%	81.48%	78.61%	76.37%	76.09%	78.51%	80.35%	79.82%
EBITDA Margin	21.10%	14.38%	10.71%	13.81%	20.56%	20.14%	24.56%	23.53%	24.99%	28.83%
Operating Margin	17.47%	10.30%	7.20%	10.43%	17.25%	16.97%	22.49%	22.50%	28.34%	33.36%
EBIT Margin	17.53%	10.25%	7.26%	10.29%	17.13%	16.87%	22.08%	21.19%	23.12%	27.23%
Profit (Net Income) Margin	16.08%	9.19%	3.38%	11.51%	28.98%	16.39%	18.47%	16.48%	10.09%	13.99%
Tax Burden Percent	77.48%	66.77%	41.91%	112.89%	168.39%	93.20%	83.36%	79.84%	46.73%	53.35%
Interest Burden Percent	118.40%	134.34%	111.13%	99.16%	100.46%	104.23%	100.32%	97.40%	93.44%	96.32%
Effective Tax Rate	22.52%	33.23%	58.09%	-12.89%	-68.39%	6.80%	16.64%	20.16%	53.27%	46.65%
Return on Invested Capital (ROIC)	36.54%	18.43%	7.70%	29.43%	65.05%	38.38%	58.86%	63.85%	39.52%	51.18%
ROIC Less NNEP Spread (ROIC-NNEP)	32.78%	15.24%	7.22%	29.82%	65.16%	36.76%	59.65%	67.72%	58.69%	29.95%
Return on Net Nonoperating Assets (RNNOA)	-21.17%	-10.07%	-4.77%	-18.58%	-35.24%	-16.87%	-31.33%	-39.06%	-19.31%	31.90%
Return on Equity (ROE)	15.37%	8.36%	2.93%	10.85%	29.81%	21.51%	27.54%	24.78%	20.21%	83.08%
Cash Return on Invested Capital (CROIC)	9.63%	2.57%	-8.50%	-8.04%	56.59%	-24.09%	12.34%	-5.11%	72.40%	-148.82%
Operating Return on Assets (OROA)	7.79%	4.30%	2.88%	3.89%	6.39%	7.83%	11.01%	9.79%	12.55%	14.74%
Return on Assets (ROA)	7.15%	3.86%	1.34%	4.35%	10.81%	7.61%	9.21%	7.61%	5.48%	7.58%
Return on Common Equity (ROCE)	15.37%	8.36%	2.93%	10.85%	29.81%	21.51%	27.54%	24.78%	17.79%	30.64%
Return on Equity Simple (ROE_SIMPLE)	13.33%	8.27%	2.52%	9.02%	23.92%	17.68%	22.34%	20.68%	12.46%	112.64%
Net Operating Profit after Tax (NOPAT)	331	134	48	141	243	105	89	55	27	20
NOPAT Margin	13.54%	6.88%	3.02%	11.78%	29.05%	15.82%	18.74%	17.97%	13.24%	17.80%
Net Nonoperating Expense Percent (NNEP)	3.76%	3.19%	0.48%	-0.40%	-0.12%	1.62%	-0.79%	-3.87%	-19.17%	21.23%
Return On Investment Capital (ROIC_SIMPLE)	11.22%	6.19%	2.25%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	19.31%	18.79%	17.82%	18.52%	21.39%	23.63%	23.91%	21.49%	19.65%	20.18%
SG&A Expenses to Revenue	21.92%	26.73%	33.28%	31.31%	20.53%	21.64%	17.79%	18.96%	15.85%	11.66%
R&D to Revenue	18.95%	21.16%	20.27%	18.90%	19.93%	17.66%	17.58%	17.13%	13.46%	11.26%
Operating Expenses to Revenue	63.22%	70.91%	74.98%	71.05%	61.36%	59.40%	53.61%	56.01%	52.01%	46.46%
Earnings before Interest and Taxes (EBIT)	428	199	115	123	143	112	105	65	47	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	516	280	169	165	172	133	117	73	51	33
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	19.67	16.30	10.37	28.84	37.13	19.14	12.72	7.65	6.49	0.00
Price to Tangible Book Value (P/TBV)	19.67	16.30	10.37	28.84	37.13	19.14	12.72	7.65	6.49	0.00
Price to Revenue (P/Rev)	23.73	18.13	13.91	36.81	45.00	17.74	10.51	6.09	5.26	0.00
Price to Earnings (P/E)	147.58	197.17	411.07	319.72	155.24	108.25	56.94	36.98	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.68%	0.51%	0.24%	0.31%	0.64%	0.92%	1.76%	2.70%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	54.58	43.25	30.65	75.79	95.08	32.08	25.68	15.00	16.89	0.00
Enterprise Value to Revenue (EV/Rev)	22.94	17.42	12.99	36.01	44.25	17.35	10.08	5.68	4.73	0.00
Enterprise Value to EBITDA (EV/EBITDA)	108.71	121.12	121.26	260.68	215.23	86.14	41.04	24.12	18.93	0.00
Enterprise Value to EBIT (EV/EBIT)	130.91	169.94	178.84	350.11	258.26	102.87	45.65	26.78	20.46	0.00
Enterprise Value to NOPAT (EV/NOPAT)	169.46	253.26	430.31	305.79	152.35	109.69	53.78	31.59	35.71	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	75.85	56.66	37.36	113.83	91.33	190.52	55.56	56.03	12.79	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	642.78	1,814.63	0.00	0.00	175.12	0.00	256.47	0.00	19.49	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.16	1.17
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.16	1.17
Financial Leverage	-0.65	-0.66	-0.66	-0.62	-0.54	-0.46	-0.53	-0.58	-0.33	1.07
Leverage Ratio	2.15	2.17	2.18	2.49	2.76	2.83	2.99	3.26	3.69	5.48
Compound Leverage Factor	2.55	2.91	2.43	2.47	2.77	2.95	3.00	3.17	3.45	5.28
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.91%	13.59%	53.93%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.91%	13.59%	53.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.08%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	90.09%	86.41%	16.99%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.37	0.51	1.37
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.78	-2.12	1.24
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.37	0.51	1.37
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.49	0.96	2.22
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.33	-4.00	2.02
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.49	0.96	2.22
Altman Z-Score	12.20	8.80	6.97	14.01	14.05	7.45	5.42	3.14	2.73	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.94%	63.12%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.86	1.72	1.90	1.71	1.57	1.56	1.48	1.48	1.50	1.68
Quick Ratio	1.83	1.69	1.87	1.65	1.50	1.53	1.46	1.46	1.48	1.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	87	19	-53	-39	211	-66	19	-4.43	49	-59
Operating Cash Flow to CapEx	690.68%	1,087.46%	597.20%	631.14%	505.62%	148.27%	343.79%	239.01%	813.70%	-527.79%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-37.40	0.00	0.00	0.00	-2.61	16.01	-51.64
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	367.49	0.00	0.00	0.00	18.39	24.40	-32.04
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	309.26	0.00	0.00	0.00	10.69	21.40	-38.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.42	0.40	0.38	0.37	0.46	0.50	0.46	0.54	0.54
Accounts Receivable Turnover	0.79	0.75	0.72	0.66	0.61	0.66	0.67	0.63	0.71	0.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	13.19	11.61	10.19	9.51	9.30	13.62	18.92	19.15	18.96	17.18
Accounts Payable Turnover	0.19	0.17	0.16	0.15	0.16	0.20	0.20	0.16	0.19	0.21
Days Sales Outstanding (DSO)	462.86	489.28	505.23	549.85	600.41	552.46	548.44	578.38	511.89	615.44
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	1,913.31	2,090.94	2,289.73	2,474.61	2,262.83	1,796.91	1,854.66	2,236.24	1,966.25	1,723.70
Cash Conversion Cycle (CCC)	-1,450.45	-1,601.66	-1,784.51	-1,924.76	-1,662.41	-1,244.45	-1,306.23	-1,657.86	-1,454.36	-1,108.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,028	784	669	569	389	358	187	117	57	79
Invested Capital Turnover	2.70	2.68	2.55	2.50	2.24	2.43	3.14	3.55	2.98	2.88
Increase / (Decrease) in Invested Capital	244	115	100	179	32	170	71	60	-22	79
Enterprise Value (EV)	56,088	33,901	20,498	43,086	36,994	11,470	4,811	1,749	960	0.00
Market Capitalization	58,010	35,282	21,945	44,045	37,618	11,725	5,019	1,878	1,067	0.00
Book Value per Share	$5.98	$4.41	$4.32	$3.18	$21.57	$13.57	$9.12	$5.98	$4.26	$1.37
Tangible Book Value per Share	$5.98	$4.41	$4.32	$3.18	$21.57	$13.57	$9.12	$5.98	$4.26	$1.37
Total Capital	2,949	2,164	2,115	1,527	1,013	613	395	273	190	83
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	27	26	45
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	27	26	45
Net Debt	-1,921	-1,380	-1,447	-959	-624	-255	-207	-129	-108	41
Capital Expenditures (CapEx)	107	55	92	60	80	41	25	13	9.22	6.93
Debt-free, Cash-free Net Working Capital (DFCFNWC)	542	423	370	330	212	264	135	91	39	77
Debt-free Net Working Capital (DFNWC)	2,463	1,803	1,816	1,288	836	519	343	247	172	81
Net Working Capital (NWC)	2,463	1,803	1,816	1,288	836	519	343	247	172	81
Net Nonoperating Expense (NNE)	-62	-45	-5.75	3.14	0.51	-3.75	1.32	4.58	6.39	4.34
Net Nonoperating Obligations (NNO)	-1,921	-1,380	-1,447	-959	-624	-255	-207	-129	-108	41
Total Depreciation and Amortization (D&A)	87	80	54	42	29	22	12	7.21	3.80	1.83
Debt-free, Cash-free Net Working Capital to Revenue	22.15%	21.73%	23.43%	27.54%	25.31%	39.91%	28.35%	29.63%	19.15%	67.51%
Debt-free Net Working Capital to Revenue	100.74%	92.65%	115.12%	107.68%	99.95%	78.49%	71.77%	80.23%	84.89%	71.07%
Net Working Capital to Revenue	100.74%	92.65%	115.12%	107.68%	99.95%	78.49%	71.77%	80.23%	84.89%	71.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.80	$0.37	$0.11	$0.29	$0.52	$0.24	$0.21	$0.13	($0.15)	$0.09
Adjusted Weighted Average Basic Shares Outstanding	490.88M	489.26M	486.94M	476.85M	462.87M	445.33M	424.42M	402.62M	182.80M	102.90M
Adjusted Diluted Earnings per Share	$0.78	$0.36	$0.11	$0.28	$0.50	$0.23	$0.19	$0.12	($0.15)	$0.04
Adjusted Weighted Average Diluted Shares Outstanding	501.92M	500.18M	499.93M	498.54M	489.88M	478.06M	457.93M	440.56M	182.80M	167.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	496.09M	488.94M	490.79M	484.83M	473.80M	455.74M	440.74M	418.50M	391.79M	103M
Normalized Net Operating Profit after Tax (NOPAT)	331	134	80	87	101	105	89	55	40	20
Normalized NOPAT Margin	13.54%	6.88%	5.04%	7.30%	12.07%	15.82%	18.74%	17.97%	19.84%	17.80%
Pre Tax Income Margin	20.75%	13.77%	8.07%	10.20%	17.21%	17.58%	22.15%	20.64%	21.60%	26.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	119.48	0.00	0.00	0.00	38.47	15.26	27.17
NOPAT to Interest Expense	0.00	0.00	0.00	136.80	0.00	0.00	0.00	32.61	8.74	17.76
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	61.26	0.00	0.00	0.00	30.78	12.26	21.09
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	78.57	0.00	0.00	0.00	24.92	5.74	11.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	59.73%	361.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	284.77%	1.00%

This table displays calculated financial ratios and metrics derived from Trade Desk's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.32%	27.32%	25.91%	28.33%	23.45%	24.95%	23.16%	21.40%	24.05%	31.11%
EBITDA Growth	36.06%	114.55%	84.93%	1,178.81%	38.05%	43.59%	356.10%	-21.24%	948.10%	-52.72%
EBIT Growth	38.75%	173.71%	123.18%	222.23%	40.76%	36.90%	2,874.75%	-47.81%	485.65%	-63.73%
NOPAT Growth	83.58%	208.77%	212.57%	220.80%	37.57%	73.58%	243.45%	-36.68%	458.22%	-75.23%
Net Income Growth	87.24%	139.27%	158.14%	239.48%	36.71%	147.98%	272.70%	163.89%	785.52%	-73.28%
EPS Growth	89.47%	137.50%	142.86%	200.00%	26.67%	166.67%	275.00%	166.67%	650.00%	-75.00%
Operating Cash Flow Growth	118.83%	42.70%	-36.56%	-1.12%	-47.48%	39.51%	39.58%	28.31%	6.17%	5.87%
Free Cash Flow Firm Growth	-200.16%	-3,109.19%	-786.87%	-331.58%	24.41%	79.99%	40.41%	46.03%	81.42%	23.54%
Invested Capital Growth	31.09%	87.36%	81.62%	61.32%	17.22%	6.87%	13.02%	12.09%	17.63%	17.59%
Revenue Q/Q Growth	17.99%	7.44%	18.99%	-18.91%	22.81%	6.25%	21.28%	-21.99%	24.31%	4.72%
EBITDA Q/Q Growth	71.76%	11.22%	126.08%	-68.50%	170.86%	-4.13%	1,418.83%	-104.03%	181.72%	204.51%
EBIT Q/Q Growth	82.47%	13.83%	222.33%	-79.28%	259.94%	-7.18%	276.52%	-123.87%	250.08%	1,916.90%
NOPAT Q/Q Growth	99.97%	12.18%	263.26%	-77.47%	236.34%	13.56%	240.39%	-125.66%	324.36%	193.85%
Net Income Q/Q Growth	93.54%	10.74%	168.57%	-67.47%	147.31%	19.47%	253.20%	-86.90%	348.59%	183.20%
EPS Q/Q Growth	89.47%	11.76%	183.33%	-68.42%	137.50%	14.29%	250.00%	-86.67%	400.00%	175.00%
Operating Cash Flow Q/Q Growth	-27.05%	236.36%	-56.19%	103.55%	-52.43%	49.54%	-31.71%	8.12%	26.35%	49.62%
Free Cash Flow Firm Q/Q Growth	82.44%	-4.89%	-27.24%	-34.52%	-87.78%	71.01%	38.08%	-124.27%	50.29%	13.68%
Invested Capital Q/Q Growth	-13.44%	2.06%	18.13%	-3.45%	23.72%	-1.07%	4.93%	-8.73%	12.80%	4.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.75%	80.47%	81.10%	78.91%	83.38%	81.07%	81.33%	77.83%	83.78%	82.24%
EBITDA Margin	29.79%	20.47%	19.77%	10.40%	26.78%	12.14%	13.46%	-1.24%	23.95%	10.57%
Operating Margin	26.36%	17.27%	16.20%	5.83%	23.84%	7.64%	8.98%	-6.09%	20.41%	7.30%
EBIT Margin	26.54%	17.16%	16.20%	5.98%	23.39%	7.98%	9.14%	-6.28%	20.52%	7.29%
Profit (Net Income) Margin	24.59%	14.99%	14.55%	6.44%	16.07%	7.98%	7.10%	2.44%	14.51%	4.02%
Tax Burden Percent	82.23%	74.04%	75.59%	68.78%	60.57%	69.04%	54.97%	-97.06%	63.49%	52.03%
Interest Burden Percent	112.69%	118.01%	118.82%	156.72%	113.37%	144.77%	141.27%	39.98%	111.36%	106.05%
Effective Tax Rate	17.77%	25.96%	24.41%	31.22%	39.43%	30.96%	45.03%	0.00%	36.51%	47.97%
Return on Invested Capital (ROIC)	58.50%	32.44%	29.54%	10.34%	38.69%	15.74%	14.16%	-12.14%	33.05%	10.26%
ROIC Less NNEP Spread (ROIC-NNEP)	57.19%	31.51%	28.53%	9.38%	38.00%	14.81%	13.40%	-14.25%	32.42%	10.18%
Return on Net Nonoperating Assets (RNNOA)	-36.93%	-19.51%	-17.04%	-5.74%	-25.10%	-10.34%	-9.20%	9.67%	-21.41%	-6.71%
Return on Equity (ROE)	21.57%	12.93%	12.50%	4.60%	13.59%	5.40%	4.96%	-2.48%	11.64%	3.55%
Cash Return on Invested Capital (CROIC)	9.63%	-32.27%	-35.15%	-27.25%	2.57%	11.09%	4.14%	-0.76%	-8.50%	-17.68%
Operating Return on Assets (OROA)	11.80%	7.91%	7.41%	2.84%	9.82%	3.46%	3.95%	-2.78%	8.14%	3.13%
Return on Assets (ROA)	10.93%	6.91%	6.66%	3.06%	6.75%	3.46%	3.07%	1.08%	5.75%	1.72%
Return on Common Equity (ROCE)	21.57%	12.93%	12.50%	4.60%	13.59%	5.40%	4.96%	-2.48%	11.64%	3.55%
Return on Equity Simple (ROE_SIMPLE)	0.00%	11.74%	10.53%	9.29%	0.00%	7.09%	6.24%	3.98%	0.00%	-0.51%
Net Operating Profit after Tax (NOPAT)	161	80	72	20	87	26	23	-16	64	15
NOPAT Margin	21.67%	12.79%	12.25%	4.01%	14.44%	5.27%	4.93%	-4.26%	12.96%	3.80%
Net Nonoperating Expense Percent (NNEP)	1.31%	0.94%	1.01%	0.95%	0.70%	0.94%	0.76%	2.11%	0.63%	0.08%
Return On Investment Capital (ROIC_SIMPLE)	5.45%	-	-	-	4.04%	-	-	-	3.01%	-
Cost of Revenue to Revenue	18.25%	19.53%	18.90%	21.10%	16.62%	18.93%	18.67%	22.17%	16.22%	17.76%
SG&A Expenses to Revenue	17.80%	22.11%	23.17%	26.37%	21.77%	26.75%	27.17%	34.04%	27.23%	33.16%
R&D to Revenue	17.26%	18.74%	18.82%	21.92%	16.84%	23.88%	21.18%	24.48%	17.21%	20.24%
Operating Expenses to Revenue	55.39%	63.20%	64.90%	73.07%	59.54%	73.43%	72.36%	83.92%	63.37%	74.94%
Earnings before Interest and Taxes (EBIT)	197	108	95	29	142	39	42	-24	101	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	221	129	116	51	162	60	62	-4.74	118	42
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	19.67	20.53	19.86	19.78	16.30	17.77	18.22	15.40	10.37	15.24
Price to Tangible Book Value (P/TBV)	19.67	20.53	19.86	19.78	16.30	17.77	18.22	15.40	10.37	15.24
Price to Revenue (P/Rev)	23.73	23.34	21.97	20.86	18.13	20.92	21.79	18.17	13.91	19.68
Price to Earnings (P/E)	147.58	174.91	188.56	212.95	197.17	250.71	291.90	386.69	411.07	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.68%	0.57%	0.53%	0.47%	0.51%	0.40%	0.34%	0.26%	0.24%	0.00%
Enterprise Value to Invested Capital (EV/IC)	54.58	44.19	40.00	42.33	43.25	58.06	56.71	46.80	30.65	46.98
Enterprise Value to Revenue (EV/Rev)	22.94	22.72	21.39	20.29	17.42	20.09	20.96	17.36	12.99	18.79
Enterprise Value to EBITDA (EV/EBITDA)	108.71	114.69	119.67	124.14	121.12	156.42	167.37	169.81	121.26	739.72
Enterprise Value to EBIT (EV/EBIT)	130.91	140.45	152.49	164.81	169.94	232.17	245.66	267.35	178.84	0.00
Enterprise Value to NOPAT (EV/NOPAT)	169.46	201.95	226.16	265.48	253.26	338.21	367.78	464.76	430.31	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	75.85	83.12	84.70	69.91	56.66	54.04	57.98	48.40	37.36	51.71
Enterprise Value to Free Cash Flow (EV/FCFF)	642.78	0.00	0.00	0.00	1,814.63	540.89	1,454.35	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.11	0.11	0.11	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.09	0.08	0.08	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.65	-0.62	-0.60	-0.61	-0.66	-0.70	-0.69	-0.68	-0.66	-0.66
Leverage Ratio	2.15	2.10	2.12	2.11	2.17	2.07	2.08	2.07	2.18	2.15
Compound Leverage Factor	2.42	2.47	2.52	3.31	2.46	3.00	2.94	0.83	2.43	2.28
Debt to Total Capital	0.00%	10.05%	9.90%	9.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	2.15%	2.31%	2.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	7.89%	7.60%	7.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	89.95%	90.10%	90.11%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.64	0.68	0.71	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	-3.14	-3.19	-3.52	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.50	0.52	0.54	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	1.13	1.28	1.51	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	-5.54	-6.04	-7.53	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.89	0.99	1.15	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	12.08	12.26	11.41	11.26	8.76	10.75	11.00	9.73	6.96	9.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.86	1.85	1.80	1.79	1.72	1.87	1.87	1.90	1.90	1.91
Quick Ratio	1.83	1.81	1.75	1.77	1.69	1.84	1.84	1.87	1.87	1.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-83	-473	-451	-355	-28	-15	-51	-82	-37	-74
Operating Cash Flow to CapEx	893.93%	536.00%	330.58%	2,019.95%	333.42%	2,481.09%	1,370.23%	1,765.73%	342.45%	539.26%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.46	0.46	0.47	0.42	0.43	0.43	0.44	0.40	0.43
Accounts Receivable Turnover	0.79	0.85	0.83	0.87	0.75	0.82	0.82	0.86	0.72	0.81
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	13.19	13.17	12.37	12.80	11.61	11.48	11.59	10.93	10.19	9.77
Accounts Payable Turnover	0.19	0.20	0.19	0.20	0.17	0.19	0.19	0.20	0.16	0.18
Days Sales Outstanding (DSO)	462.86	428.55	440.68	417.98	489.28	444.62	447.52	426.76	505.23	449.49
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	1,913.31	1,826.26	1,891.10	1,791.00	2,090.94	1,917.11	1,948.68	1,862.35	2,289.73	2,010.61
Cash Conversion Cycle (CCC)	-1,450.45	-1,397.71	-1,450.42	-1,373.02	-1,601.66	-1,472.48	-1,501.15	-1,435.59	-1,784.51	-1,561.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,028	1,187	1,163	985	784	634	640	610	669	593
Invested Capital Turnover	2.70	2.54	2.41	2.58	2.68	2.99	2.87	2.85	2.55	2.70
Increase / (Decrease) in Invested Capital	244	554	523	374	115	41	74	66	100	89
Enterprise Value (EV)	56,088	52,463	46,531	41,680	33,901	36,787	36,318	28,564	20,498	27,852
Market Capitalization	58,010	53,902	47,773	42,862	35,282	38,309	37,749	29,894	21,945	29,173
Book Value per Share	$5.98	$5.34	$4.92	$4.43	$4.41	$4.40	$4.24	$3.95	$4.32	$3.92
Tangible Book Value per Share	$5.98	$5.34	$4.92	$4.43	$4.41	$4.40	$4.24	$3.95	$4.32	$3.92
Total Capital	2,949	2,919	2,670	2,404	2,164	2,156	2,071	1,941	2,115	1,914
Total Debt	0.00	293	264	238	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	230	203	180	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,921	-1,439	-1,242	-1,182	-1,380	-1,522	-1,431	-1,330	-1,447	-1,321
Capital Expenditures (CapEx)	22	51	25	9.18	27	7.72	9.35	11	51	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	542	554	560	451	423	345	350	315	370	309
Debt-free Net Working Capital (DFNWC)	2,463	2,286	2,066	1,870	1,803	1,867	1,781	1,646	1,816	1,630
Net Working Capital (NWC)	2,463	2,223	2,004	1,813	1,803	1,867	1,781	1,646	1,816	1,630
Net Nonoperating Expense (NNE)	-22	-14	-13	-12	-9.84	-13	-10	-26	-7.59	-0.88
Net Nonoperating Obligations (NNO)	-1,921	-1,439	-1,242	-1,182	-1,380	-1,522	-1,431	-1,330	-1,447	-1,321
Total Depreciation and Amortization (D&A)	24	21	21	22	21	21	20	19	17	13
Debt-free, Cash-free Net Working Capital to Revenue	22.15%	24.00%	25.73%	21.94%	21.73%	18.83%	20.19%	19.15%	23.43%	20.82%
Debt-free Net Working Capital to Revenue	100.74%	98.98%	95.00%	91.03%	92.65%	101.94%	102.78%	100.01%	115.12%	109.95%
Net Working Capital to Revenue	100.74%	96.26%	92.16%	88.25%	92.65%	101.94%	102.78%	100.01%	115.12%	109.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	$0.19	$0.17	$0.06	$0.20	$0.08	$0.07	$0.02	$0.15	$0.03
Adjusted Weighted Average Basic Shares Outstanding	490.88M	491.61M	489.35M	488.55M	489.26M	489.45M	488.43M	489.71M	486.94M	487.96M
Adjusted Diluted Earnings per Share	$0.36	$0.19	$0.17	$0.06	$0.19	$0.08	$0.07	$0.02	$0.15	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	501.92M	502.56M	500.04M	498.19M	500.18M	501.88M	499.35M	499.80M	499.93M	500.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.15	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	496.09M	493.57M	491.58M	489.13M	488.94M	490.30M	490.20M	488.85M	490.79M	489.51M
Normalized Net Operating Profit after Tax (NOPAT)	161	80	72	20	87	26	23	-16	64	15
Normalized NOPAT Margin	21.67%	12.79%	12.25%	4.01%	14.44%	5.27%	4.93%	-4.26%	12.96%	3.80%
Pre Tax Income Margin	29.90%	20.25%	19.24%	9.37%	26.52%	11.56%	12.91%	-2.51%	22.85%	7.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	59.73%	128.94%	171.84%	238.65%	361.35%	279.24%	260.20%	377.10%	0.00%	0.00%

Frequently Asked Questions About Trade Desk's Financials

When does Trade Desk's financial year end?

According to the most recent income statement we have on file, Trade Desk's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Trade Desk's net income changed over the last 9 years?

Trade Desk's net income appears to be on an upward trend, with a most recent value of $393.08 million in 2024, rising from $15.93 million in 2015. The previous period was $178.94 million in 2023. Find out what analysts predict for Trade Desk in the coming months.

What is Trade Desk's operating income?

Trade Desk's total operating income in 2024 was $427.17 million, based on the following breakdown:

Total Gross Profit: $1.97 billion
Total Operating Expenses: $1.55 billion

How has Trade Desk revenue changed over the last 9 years?

Over the last 9 years, Trade Desk's total revenue changed from $113.84 million in 2015 to $2.44 billion in 2024, a change of 2,047.7%.

How much debt does Trade Desk have?

Trade Desk's total liabilities were at $3.16 billion at the end of 2024, a 16.1% increase from 2023, and a 1,740.1% increase since 2015.

How much cash does Trade Desk have?

In the past 9 years, Trade Desk's cash and equivalents has ranged from $4.05 million in 2015 to $1.37 billion in 2024, and is currently $1.37 billion as of their latest financial filing in 2024.

How has Trade Desk's book value per share changed over the last 9 years?

Over the last 9 years, Trade Desk's book value per share changed from 1.37 in 2015 to 5.98 in 2024, a change of 334.8%.

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This page (NASDAQ:TTD) was last updated on 5/28/2025 by MarketBeat.com Staff

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Trade Desk (TTD) Financials

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