The Trade Desk, Inc. (TTD) — Financial statements
Income statement, balance sheet, and cash flow for The Trade Desk, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,896↑18.5% | 2,445↑25.6% | 1,946↑23.3% | 1,578↑31.9% | 1,196 | |
| Cost of Revenue | 619↑31.2% | 472↑29.1% | 366↑30.0% | 281↑26.9% | 222 | |
| Gross Profit | 2,277↑15.4% | 1,973↑24.8% | 1,581↑21.9% | 1,297↑33.0% | 975 | |
| Operating Expenses | ||||||
| R&D Expenses | 525↑13.3% | 463↑12.5% | 412↑28.7% | 320↑41.5% | 226 | |
| General & Administrative Expenses | 518↓3.2% | 536↑3.0% | 520↓0.9% | 525↑40.2% | 375 | |
| Selling & Marketing Expenses | 644↑17.9% | 547↑22.0% | 448↑32.5% | 338↑35.6% | 249 | |
| SG&A Expenses | 1,163↑7.4% | 1,082↑11.8% | 968↑12.2% | 863↑38.3% | 624 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00↑100.0% | -3 | |
| Operating Expenses | 1,688↑9.2% | 1,546↑12.0% | 1,380↑16.7% | 1,183↑39.2% | 850 | |
| Total Costs & Expenses | 2,307↑14.3% | 2,018↑15.6% | 1,746↑19.2% | 1,464↑36.6% | 1,072 | |
| Operating Results | ||||||
| Operating Income | 589↑38.0% | 427↑113.1% | 200↑76.4% | 114↓8.9% | 125 | |
| Depreciation & Amortization | 116↑32.3% | 87↑8.8% | 80↑47.8% | 54↑28.9% | 42 | |
| EBITDA | 775↑50.5% | 515↑83.2% | 281↑67.1% | 168↑0.6% | 167 | |
| EBIT | 659↑54.2% | 427↑113.1% | 200↑76.4% | 114↓8.9% | 125 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00↓100.0% | 79↑15.1% | 69↑437.1% | 13↑1338.3% | -1 | |
| Interest Income | 0.00↓100.0% | 79↑15.1% | 69↑437.1% | 13 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 1 | |
| Non-Operating Income | -69 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 69↓13.4% | 80↑18.7% | 68↑392.2% | 14↑593.2% | -3 | |
| Income Before Tax | 659↑29.9% | 507↑89.3% | 268↑110.4% | 127↑4.4% | 122 | |
| Income Tax Expense | 215↑88.6% | 114↑28.3% | 89↑20.4% | 74↑570.5% | -16 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 443↑12.8% | 393↑119.7% | 179↑235.2% | 53↓61.2% | 138 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 443↑12.8% | 393↑119.7% | 179↑235.2% | 53↓61.2% | 138 | |
| Bottom-Line Net Income | 443↑12.8% | 393↑119.7% | 179↑235.2% | 53↓61.2% | 138 | |
| EPS (Basic) | 0.92↑15.0% | 0.80↑116.2% | 0.37↑236.4% | 0.11↓62.1% | 0.29 | |
| EPS (Diluted) | 0.91↑16.7% | 0.78↑116.7% | 0.36↑227.3% | 0.11↓60.7% | 0.28 | |
| Weighted Average Shares | 480↓2.2% | 491↑0.3% | 489↑0.5% | 487↑2.1% | 477 | |
| Weighted Average Diluted Shares | 483↓3.8% | 502↑0.3% | 500↑0.1% | 500↑0.3% | 499 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.