Trade Desk, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
TTD$14.93+15.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In thousands, except par values)
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $658,175 | $1,369,463 |
| Short-term investments, net | 644,882 | 552,026 |
| Accounts receivable, net of allowance for credit losses of $12,199 and $11,244 as of December 31, 2025 and 2024, respectively | 3,770,194 | 3,330,343 |
| Prepaid expenses and other current assets | 187,753 | 84,626 |
| TOTAL CURRENT ASSETS | 5,261,004 | 5,336,458 |
| Property and equipment, net | 396,819 | 209,332 |
| Operating lease assets | 342,042 | 263,761 |
| Deferred income taxes | 55,700 | 230,214 |
| Other assets, non-current | 97,655 | 72,186 |
| TOTAL ASSETS | $6,153,220 | $6,111,951 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | $3,007,651 | $2,631,213 |
| Accrued expenses and other current liabilities | 181,991 | 177,760 |
| Operating lease liabilities | 76,355 | 64,492 |
| TOTAL CURRENT LIABILITIES | 3,265,997 | 2,873,465 |
| Operating lease liabilities, non-current | 359,975 | 247,723 |
| Other liabilities, non-current | 42,857 | 41,618 |
| TOTAL LIABILITIES | 3,668,829 | 3,162,806 |
| Commitments and contingencies (Note 13) | — | — |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of December 31, 2025 and 2024 | — | — |
| Common stock, par value $0.000001Class A, 1,000,000 shares authorized; 432,814 and 452,182 shares issued and outstanding as of December 31, 2025 and 2024, respectivelyClass B, 95,000 shares authorized; 43,109 and 43,919 shares issued and outstanding as of December 31, 2025 and 2024, respectively | — | — |
| Additional paid-in capital | 3,075,303 | 2,594,896 |
| Retained earnings (accumulated deficit) | (590,912) | 354,249 |
| TOTAL STOCKHOLDERS’ EQUITY | 2,484,391 | 2,949,145 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $6,153,220 | $6,111,951 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.