Trade Desk, Inc. operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV. It also provides data and other value-added services. The company serves advertising agencies and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.

The Trade Desk, Inc.

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Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	896.4	1,369.5	1,009.4	895.1	965.8	1,030.5
Cash and Cash Equivalents
Short-Term Investments	790.9	552	497.2	485.2	465.1	416.1
Short-Term Investments, Net
Total Cash and Cash Equivalents	1,687.3	1,921.5	1,506.5	1,380.3	1,430.9	1,446.6
Accounts Receivable	3,254.9	3,330.3	2,905.5	2,870.3	2,346.1	2,347.2
Accounts Receivable, Net
Total Trade Receivables	3,254.9	3,330.3	2,905.5	2,870.3	2,346.1	2,347.2
Other Current Assets	111.5	84.6	110.8	63.4	54.7	51.8
Prepaid Expenses and Other Current Assets
Total Current Assets	5,053.7	5,336.5	4,522.8	4,314	3,831.8	3,845.6
Total Current Assets
Net Property, Plant & Equipment	579.3	473.1	421.3	359.2	371.9	394.2
Property and Equipment, Net
Operating Lease Assets
Other Long-Term Assets	324.8	302.4	215.8	215.6	143.3	140.9
Deferred Income Taxes
Other Assets, Non-Current
Total Assets	5,957.8	6,112	5,159.9	4,888.7	4,347	4,380.7
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	2,724.1	2,631.2	2,336.6	2,317.3	1,892.9	1,871.4
Accounts Payable
Accrued Expenses	152.5	177.8	120.2	138	103.3	105.5
Accrued Expenses and Other Current Liabilities
Current Portion of Leases	72.4	64.5	61.6	55.5	54.8	52.4
Financing Obligation, Current Portion
Operating Lease Liabilities
Total Current Liabilities	2,949	2,873.5	2,518.4	2,510.8	2,051	2,029.3
Total Current Liabilities
Long-Term Debt	—	—	—	—	—	—
Debt, Net
Leases	271.1	247.7	202.8	180.4	198.1	208.5
Operating Lease Liabilities, Non-Current
Financing Obligation, Non-Current
Other Long-Term Liabilities	41.9	41.6	33.4	33.3	26.5	27.5
Convertible Preferred Stock Warrant Liabilities
Other Liabilities, Non-Current
Total Long-Term Liabilities	313	289.3	236.1	213.6	224.6	236
Total Liabilities	3,262	3,162.8	2,754.5	2,724.5	2,275.6	2,265.3
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Additional Paid-in Capital	2,858.2	2,594.9	2,217	1,967.3	1,700.5	1,449.8
Additional Paid-in Capital
Accumulated Other Comprehensive Income	—	—	—	—	—	—
Accumulated Other Comprehensive Income
Retained Earnings	-162.4	354.2	188.4	197	370.9	665.5
Retained Earnings
Total Common Shareholders' Equity	2,695.8	2,949.1	2,405.4	2,164.2	2,071.4	2,115.3
Total Stockholders' Equity
Minority Interests and Other	—	—	—	—	—	—
Convertible Preferred Stock, Par Value
Total Shareholders' Equity	2,695.8	2,949.1	2,405.4	2,164.2	2,071.4	2,115.3
Total Liabilities and Shareholders' Equity	5,957.8	6,112	5,159.9	4,888.7	4,347	4,380.7
Total Liabilities and Stockholders' Equity