TTD (The Trade Desk, Inc.) Stock Financials & Earnings

TTDThe Trade Desk, Inc.

Mkt Cap$13B

Technology·Software - Application·🇺🇸 United States·NASDAQ

Revenue (TTM)$2.9B

Net Income (TTM)$443M

EPS (TTM)$0.91

Free Cash Flow (TTM)$787M

Gross Margin78.6%

Op. Margin20.3%

Net Margin15.3%

FCF Margin27.2%

P/S Ratio (TTM)4.6x

P/E Ratio (TTM)29.9x

YoY Rev Growth+18.5%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$383M	$298M	-$23M
Q2 23	$464M	$383M	$42M
Q3 23	$493M	$400M	$38M
Q4 23	$606M	$505M	$144M
Q1 24	$491M	$388M	$29M
Q2 24	$585M	$474M	$95M
Q3 24	$628M	$505M	$108M
Q4 24	$741M	$606M	$195M
Q1 25	$616M	$473M	$54M
Q2 25	$694M	$543M	$117M
Q3 25	$739M	$577M	$161M
Q4 25	$847M	$684M	$257M

Revenue Breakdown

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$94M	$130M	$97M
Q2 23	$98M	$150M	$93M
Q3 23	$118M	$132M	$112M
Q4 23	$102M	$132M	$127M
Q1 24	$108M	$130M	$122M
Q2 24	$110M	$135M	$134M
Q3 24	$118M	$139M	$140M
Q4 24	$128M	$132M	$151M
Q1 25	$132M	$134M	$153M
Q2 25	$134M	$131M	$161M
Q3 25	$128M	$131M	$157M
Q4 25	$131M	$123M	$174M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	21.4%	-1.0%	20.4
Q2 23	23.2%	13.3%	36.5
Q3 23	24.9%	11.8%	36.7
Q4 23	23.4%	27.2%	50.7
Q1 24	28.3%	10.3%	38.6
Q2 24	25.9%	19.8%	45.7
Q3 24	27.3%	20.6%	47.9
Q4 24	22.3%	29.6%	51.9
Q1 25	25.4%	12.7%	38.1
Q2 25	18.7%	20.7%	39.4
Q3 25	17.7%	28.8%	46.5
Q4 25	14.3%	35.7%	50.0

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$893M	$438M	$1.3B
Q2 23	$966M	$465M	$1.4B
Q3 23	$1.1B	$450M	$1.5B
Q4 23	$895M	$485M	$1.4B
Q1 24	$918M	$501M	$1.4B
Q2 24	$1.0B	$497M	$1.5B
Q3 24	$1.2B	$510M	$1.7B
Q4 24	$1.4B	$552M	$1.9B
Q1 25	$1.1B	$622M	$1.7B
Q2 25	$896M	$791M	$1.7B
Q3 25	$653M	$792M	$1.4B
Q4 25	$658M	$645M	$1.3B

Shares Outstanding

Revenue Per Employee

Revenue / Employee