The Trade Desk, Inc. (TTD) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 4.86B | 5.26B | 5.12B | 5.05B | 4.86B | 5.34B | 4.84B | 4.52B | 4.1B | 4.31B | 4.01B | 3.83B | 3.48B | 3.85B | 3.42B | 3.2B | 2.96B | 3.09B | 2.52B | 2.35B |
| Cash & Short-Term Investments | 1.41B | 1.3B | 1.45B | 1.69B | 1.74B | 1.92B | 1.73B | 1.51B | 1.42B | 1.38B | 1.52B | 1.43B | 1.33B | 1.45B | 1.32B | 1.21B | 1.1B | 958.78M | 798.6M | 705.06M |
| Cash Only | 878.38M | 658.17M | 653.13M | 896.39M | 1.12B | 1.37B | 1.22B | 1.01B | 918.2M | 895.13M | 1.07B | 965.83M | 892.7M | 1.03B | 994.66M | 932.68M | 844.22M | 754.15M | 576.92M | 476.91M |
| Short-Term Investments | 527.54M | 644.88M | 792.31M | 790.87M | 621.83M | 552.03M | 510.29M | 497.17M | 501.36M | 485.16M | 450.12M | 465.11M | 437.73M | 416.08M | 326.75M | 280.46M | 260.35M | 204.63M | 221.69M | 228.15M |
| Accounts Receivable | 3.32B | 3.95B | 3.6B | 3.25B | 3.05B | 3.33B | 2.99B | 2.91B | 2.62B | 2.87B | 2.43B | 2.35B | 2.09B | 2.35B | 2.03B | 1.9B | 1.76B | 2.02B | 1.62B | 1.53B |
| Days Sales Outstanding | 474.84 | 409.68 | 426.21 | 413.47 | 466.22 | 392.31 | 431.78 | 430.04 | 508.45 | 402.78 | 445.77 | 434.41 | 521.18 | 410.02 | 457.87 | 442.19 | 539.69 | 423.9 | 481.62 | 470.71 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 132.07M | 12.75M | 78.5M | 111.55M | 64.04M | 84.63M | 117.22M | 110.78M | 57.58M | 63.35M | 57.88M | 54.75M | 59.1M | 51.84M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 872.72M | 892.22M | 820.12M | 904.09M | 849.11M | 775.49M | 666.95M | 637.08M | 567.38M | 574.73M | 506.63M | 515.21M | 523.77M | 535.06M | 508.59M | 476.57M | 477.38M | 485.69M | 472.84M | 445.68M |
| Property, Plant & Equipment | 715.67M | 738.86M | 609.61M | 579.28M | 530.06M | 473.09M | 440.4M | 421.32M | 352.41M | 359.15M | 361.45M | 371.89M | 382.5M | 394.15M | 397M | 364.59M | 359.63M | 369.95M | 379.85M | 370.48M |
| Fixed Asset Turnover | 0.95x | 1.26x | 1.24x | 1.25x | 1.23x | 1.62x | 1.46x | 1.51x | 1.38x | 1.68x | 1.35x | 1.23x | 0.99x | 1.24x | 1.04x | 1.04x | 0.86x | 1.06x | 0.80x | 0.77x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 19.93M | 0 | 0 | 0 | 14.62M | 0 | 0 | 0 | 16.9M | 0 | 0 | 0 | 18.54M | 0 | 0 | 0 | 14.33M | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 101.35M | 77.73M | 99.99M | 95.86M | 90.1M | 57.56M | 71.7M | 60.91M | 60.12M | 43.83M | 51.15M | 49.28M | 47.25M | 28.34M | 43.96M | 45.29M | 44.2M | 33.17M | 46.58M | 30.07M |
| Total Assets | 5.73B | 6.15B | 5.94B | 5.96B | 5.71B | 6.11B | 5.51B | 5.16B | 4.66B | 4.89B | 4.52B | 4.35B | 4B | 4.38B | 3.92B | 3.67B | 3.43B | 3.58B | 2.99B | 2.79B |
| Asset Turnover | 0.12x | 0.14x | 0.12x | 0.12x | 0.10x | 0.13x | 0.12x | 0.12x | 0.10x | 0.13x | 0.11x | 0.11x | 0.09x | 0.12x | 0.10x | 0.11x | 0.09x | 0.12x | 0.10x | 0.10x |
| Asset Growth % | 0.51% | 0.68% | 7.9% | 15.46% | 22.33% | 25.02% | 21.79% | 18.7% | 16.61% | 11.6% | 15.2% | 18.36% | 16.52% | 22.46% | 31.29% | 31.5% | 31.89% | 29.91% | 39.76% | 51.05% |
| Total Current Liabilities | 2.89B | 3.27B | 2.99B | 2.95B | 2.68B | 2.87B | 2.62B | 2.52B | 2.28B | 2.51B | 2.15B | 2.05B | 1.83B | 2.03B | 1.79B | 1.67B | 1.55B | 1.8B | 1.43B | 1.33B |
| Accounts Payable | 2.63B | 3.01B | 2.76B | 2.72B | 2.4B | 2.63B | 2.41B | 2.34B | 2.09B | 2.32B | 1.97B | 1.89B | 1.68B | 1.87B | 1.65B | 1.54B | 1.41B | 1.66B | 1.3B | 1.22B |
| Days Payables Outstanding | 1.39K | 1.63K | 1.56K | 1.54K | 1.58K | 1.71K | 1.78K | 1.83K | 1.94K | 1.96K | 1.9K | 1.99K | 1.88K | 2.04K | 2.09K | 1.98K | 2.16K | 2.04K | 2.18K | 2.12K |
| Short-Term Debt | 0 | 76.36M | 73.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 181.99M | 160.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.68x | 1.61x | 1.71x | 1.71x | 1.81x | 1.86x | 1.85x | 1.80x | 1.79x | 1.72x | 1.87x | 1.87x | 1.90x | 1.90x | 1.91x | 1.92x | 1.91x | 1.71x | 1.76x | 1.77x |
| Quick Ratio | 1.68x | 1.61x | 1.71x | 1.71x | 1.81x | 1.86x | 1.85x | 1.80x | 1.79x | 1.72x | 1.87x | 1.87x | 1.90x | 1.90x | 1.91x | 1.92x | 1.91x | 1.71x | 1.76x | 1.77x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 390.46M | 402.83M | 344.84M | 312.99M | 306.69M | 289.34M | 264.49M | 236.13M | 213.89M | 213.63M | 217.75M | 224.57M | 228.48M | 236.02M | 224.43M | 227.84M | 237.82M | 246.73M | 258.04M | 262.03M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 346.07M | 359.98M | 302.85M | 271.13M | 262.67M | 247.72M | 230.35M | 202.77M | 180.46M | 180.37M | 190.21M | 198.07M | 200.73M | 208.53M | 215.73M | 219.34M | 229.49M | 238.45M | 247.92M | 253M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 44.39M | 42.86M | 42M | 41.86M | 44.03M | 41.62M | 34.13M | 33.36M | 33.44M | 33.26M | 27.54M | 26.5M | 27.75M | 27.49M | 8.7M | 8.5M | 8.33M | 8.28M | 10.12M | 9.03M |
| Total Liabilities | 3.28B | 3.67B | 3.34B | 3.26B | 2.99B | 3.16B | 2.88B | 2.75B | 2.5B | 2.72B | 2.36B | 2.28B | 2.06B | 2.27B | 2.01B | 1.89B | 1.78B | 2.05B | 1.69B | 1.59B |
| Total Debt | 423.57M | 436.33M | 375.98M | 343.55M | 334.97M | 312.21M | 293.21M | 264.35M | 237.66M | 235.89M | 248.1M | 252.87M | 253.78M | 260.96M | 266.75M | 267.63M | 276.71M | 284.6M | 293.53M | 292.59M |
| Net Debt | -454.8M | -221.84M | -277.16M | -552.84M | -783.58M | -1.06B | -928.26M | -745.01M | -680.54M | -659.24M | -823.67M | -712.96M | -638.92M | -769.55M | -727.9M | -665.05M | -567.51M | -469.56M | -283.39M | -184.32M |
| Debt / Equity | 0.17x | 0.18x | 0.14x | 0.13x | 0.12x | 0.11x | 0.11x | 0.11x | 0.11x | 0.11x | 0.12x | 0.12x | 0.13x | 0.12x | 0.14x | 0.15x | 0.17x | 0.19x | 0.23x | 0.24x |
| Debt / EBITDA | 6.36x | 1.51x | 1.93x | 2.39x | 4.27x | 1.42x | 2.27x | 2.29x | 4.72x | 1.43x | 4.26x | 4.10x | - | 2.23x | 6.39x | 19.09x | - | - | 3.28x | 4.01x |
| Net Debt / EBITDA | -6.82x | -0.77x | -1.43x | -3.85x | -9.99x | -4.82x | -7.18x | -6.44x | -13.50x | -4.00x | -14.15x | -11.55x | - | -6.58x | -17.43x | -47.45x | - | - | -3.17x | -2.53x |
| Interest Coverage | - | - | 504.27x | - | - | - | - | - | - | - | - | - | - | - | - | - | -15.85x | -53.50x | 253.77x | 319.32x |
| Total Equity | 2.45B | 2.48B | 2.6B | 2.7B | 2.72B | 2.95B | 2.63B | 2.41B | 2.17B | 2.16B | 2.16B | 2.07B | 1.94B | 2.12B | 1.91B | 1.78B | 1.65B | 1.53B | 1.3B | 1.2B |
| Equity Growth % | -9.69% | -15.76% | -0.95% | 12.07% | 25.39% | 36.27% | 21.81% | 16.12% | 11.63% | 2.31% | 12.6% | 16.38% | 17.69% | 38.5% | 46.93% | 48.03% | 52.09% | 50.75% | 56.47% | 58.55% |
| Book Value per Share | 5.14 | 5.15 | 5.28 | 5.44 | 5.40 | 5.82 | 5.22 | 4.81 | 4.35 | 4.33 | 4.29 | 4.15 | 3.88 | 4.23 | 3.83 | 3.66 | 3.41 | 3.05 | 2.61 | 2.42 |
| Total Shareholders' Equity | 2.45B | 2.48B | 2.6B | 2.7B | 2.72B | 2.95B | 2.63B | 2.41B | 2.17B | 2.16B | 2.16B | 2.07B | 1.94B | 2.12B | 1.91B | 1.78B | 1.65B | 1.53B | 1.3B | 1.2B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -724.95M | -590.91M | -364.44M | -162.36M | 4.52M | 354.25M | 228.65M | 188.36M | 103.24M | 196.95M | 320.42M | 370.91M | 381.98M | 665.51M | 594.33M | 578.46M | 597.53M | 612.13M | 604.09M | 544.71M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |