TTD FY 2024 Earnings Report — The Trade Desk, Inc. Revenue & Financial Results | Market Cap Arena

The Trade Desk, Inc.TTD

FY 2024 Earnings

Reported February 21, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$2.4B	—	$1.9B	—	25.6%
Op. Income	$427M	—	$200M	—	113.1%
Gross Margin	80.7%	—	81.2%	—	-0.5pp
Net Margin	16.1%	—	9.2%	—	6.9pp
EPS (Diluted)	$0.78	—	$0.36	—	116.7%
Free Cash Flow	$632M	—	$543M	—	16.4%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$472M
GROSS PROFIT	$2.0B
R&D Expenses	$463M
Selling & Marketing	$547M
General & Administrative	$536M
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$2.0B
OPERATING INCOME	$427M
Interest Income	$79M
Interest Expense	$0
Other Income/Expenses	$80M
INCOME BEFORE TAX	$507M
Income Tax Expense	$114M
Net Income from Continuing Ops	$393M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$393M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$393M
D&A	$87M
EBIT	$427M
EBITDA	$515M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$472M
GROSS PROFIT	$2.0B
R&D Expenses	$463M
Selling & Marketing	$547M
General & Administrative	$536M
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$2.0B
OPERATING INCOME	$427M
Interest Income	$79M
Interest Expense	$0
Other Income/Expenses	$80M
INCOME BEFORE TAX	$507M
Income Tax Expense	$114M
Net Income from Continuing Ops	$393M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$393M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$393M
D&A	$87M
EBIT	$427M
EBITDA	$515M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$393M
Depreciation & Amortization	$87M
Stock-Based Compensation	$495M
Deferred Income Tax	-$77M
Other Non-Cash Items	$50M
Change in Working Capital	-$209M
OPERATING CASH FLOW	$739M
Capital Expenditure	-$107M
Acquisitions (Net)	$0
Purchases of Investments	-$680M
Sales/Maturities of Investments	$629M
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$158M
Net Debt Issuance	$0
Common Stock Repurchased	-$235M
Common Dividends Paid	$0
Other Financing Activities	$127M
NET CASH FROM FINANCING	-$108M
FREE CASH FLOW	$632M
Net Change in Cash	$474M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$552M
Net Receivables	$3.3B
Inventory	$0
Other Current Assets	$85M
TOTAL CURRENT ASSETS	$5.3B
PP&E (Net)	$473M
Goodwill	$0
Intangible Assets	$15M
Long-Term Investments	$0
Tax Assets	$230M
Other Non-Current Assets	$58M
TOTAL NON-CURRENT ASSETS	$775M
TOTAL ASSETS	$6.1B
Account Payables	$2.6B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$42M
TOTAL NON-CURRENT LIABILITIES	$289M
TOTAL LIABILITIES	$3.2B
Common Stock	$0
Additional Paid-In Capital	$2.6B
Retained Earnings	$354M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$6.1B
Total Debt	$312M
Net Debt	-$1.1B