The Trade Desk financials
$12.05−2.35%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $715.1M | $688.9M | $846.8M | $739.4M | $694.0M | $616.0M | $741.0M | $628.0M | $584.5M | $491.3M | $605.8M | $493.3M |
| Gross profit | $530.7M | $506.9M | $683.7M | $577.3M | $543.1M | $473.2M | $605.7M | $505.4M | $584.5M | $387.6M | $505.1M | $399.9M |
| Gross margin | 74.2% | 73.6% | 80.7% | 78.1% | 78.2% | 76.8% | 81.7% | 80.5% | 100.0% | 78.9% | 83.4% | 81.1% |
| Operating income | $101.6M | $66.6M | $256.9M | $161.2M | $116.8M | $54.5M | $195.3M | $108.5M | $94.7M | $28.7M | $144.4M | $37.7M |
| Net income | $64.4M | $40.0M | $186.9M | $115.5M | $90.1M | $50.7M | $182.2M | $94.2M | $85.0M | $31.7M | $97.3M | $39.4M |
| Net margin | 9.0% | 5.8% | 22.1% | 15.6% | 13.0% | 8.2% | 24.6% | 15.0% | 14.5% | 6.4% | 16.1% | 8.0% |
| Diluted EPS | $0.14 | $0.08 | $0.39 | $0.23 | $0.18 | $0.10 | $0.36 | $0.19 | $0.17 | $0.06 | $0.19 | $0.08 |
| EBITDA | $131.7M | $98.1M | $288.8M | $194.4M | $143.5M | $78.4M | $219.4M | $129.2M | $115.6M | $50.4M | $144.4M | $58.2M |
| Operating cash flow | $153.6M | $391.8M | $311.6M | $224.7M | $165.0M | $291.4M | $199.4M | $273.3M | $81.3M | $185.5M | $91.1M | $191.5M |
| Free cash flow | $140.4M | $279.1M | $285.3M | $158.3M | $119.8M | $232.3M | $179.2M | $224.6M | $59.1M | $178.2M | $65.9M | $186.5M |
| Diluted shares | 469.9M | 476.9M | 482.5M | 493.0M | 495.8M | 502.9M | 506.9M | 502.6M | 500.0M | 498.2M | 499.7M | 501.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.12B | $878.4M | $658.2M | $653.1M | $896.4M | $1.12B |
| Short-term investments | $362.4M | $527.5M | $644.9M | $792.3M | $790.9M | $621.8M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $5.76B | $5.73B | $6.15B | $5.94B | $5.96B | $5.71B |
| Total liabilities | $3.19B | $3.28B | $3.67B | $3.34B | $3.26B | $2.99B |
| Shareholders' equity | $2.57B | $2.45B | $2.48B | $2.60B | $2.70B | $2.72B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology