12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $2.9B | $443M | 78.6% | 20.3% | $796M | — | $658M |
| 2024 | $2.4B | $393M | 80.7% | 17.5% | $641M | — | $1.4B |
| 2023 | $1.9B | $179M | 81.2% | 10.3% | $552M | — | $895M |
| 2022 | $1.6B | $53M | 82.2% | 7.2% | $465M | — | $1.0B |
| 2021 | $1.2B | $138M | 81.5% | 10.4% | $324M | — | $754M |
| 2020 | $836M | $242M | 78.6% | 17.2% | $331M | — | $437M |
| 2019 | $661M | $108M | 76.4% | 17.0% | $25M | — | $131M |
| 2018 | $477M | $88M | 76.1% | 22.5% | $67M | — | $207M |
| 2017 | $308M | $51M | 78.5% | 22.5% | $21M | — | $156M |
| 2016 | $203M | $20M | 80.3% | 28.3% | $68M | — | $133M |
| 2015 | — | $16M | — | — | — | — | $4M |
| 2014 | — | $5000 | — | — | — | — | $17M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $689M | $40M | 73.6% | 9.7% | $279M | — | $878M |
| Dec '25 | $847M | $187M | 80.7% | 30.3% | $285M | — | $658M |
| Sep '25 | $739M | $116M | 78.1% | 21.8% | $158M | — | $653M |
| Jun '25 | $694M | $90M | 78.2% | 16.8% | $120M | — | $896M |
| Mar '25 | $616M | $51M | 76.8% | 8.8% | $232M | — | $1.1B |
| Dec '24 | $741M | $182M | 81.7% | 26.4% | $179M | — | $1.4B |
| Sep '24 | $628M | $94M | 80.5% | 17.3% | $225M | — | $1.2B |
| Jun '24 | $585M | $85M | 81.1% | 16.2% | $59M | — | $1.0B |
| Mar '24 | $491M | $32M | 78.9% | 5.8% | $178M | — | $918M |
| Dec '23 | $606M | $97M | 83.4% | 23.8% | $66M | — | $895M |
| Sep '23 | $493M | $39M | 81.1% | 7.6% | $187M | — | $1.1B |
| Jun '23 | $464M | $33M | 81.3% | 9.0% | $121M | — | $966M |
| Mar '23 | $383M | $9M | 77.8% | -6.1% | $178M | — | $893M |
| Dec '22 | $491M | $71M | 83.8% | 20.4% | $126M | — | $1.0B |
| Sep '22 | $395M | $16M | 82.2% | 7.3% | $113M | — | $995M |
| Jun '22 | $377M | -$19M | 82.1% | 0.5% | $88M | — | $933M |
| Mar '22 | $315M | -$15M | 79.7% | -5.4% | $138M | — | $844M |
| Dec '21 | $396M | $8M | 83.1% | -6.4% | $153M | — | $754M |
| Sep '21 | $301M | $59M | 82.3% | 26.7% | $104M | — | $577M |
| Jun '21 | $280M | $48M | 81.9% | 22.1% | $5M | — | $477M |
How the market has priced TTD against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Trade Desk (The)'s revenue has grown 28.2% per year, and net income grown 12.8% per year. These are computed facts, not advice.
As of FY2025, Trade Desk (The) reported — of total debt against $658M of cash; operating income covered interest expense 329×.
In FY2025, gross margin was 78.6%, operating margin 20.3%, and net margin 15.3%.
As of Jun '26, Trade Desk (The) traded at a price-to-earnings ratio of about 18.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.