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.

Revenue

Revenue %Chg

Revenue Common Size

Platform Operations

Platform Operations %Chg

Platform Operations Common Size

Sales and Marketing

Sales and Marketing %Chg

Sales and Marketing Common Size

Technology and Development

Technology and Development %Chg

Technology and Development Common Size

General and Administrative

General and Administrative %Chg

General and Administrative Common Size

Total Operating Expenses

Total Operating Expenses %Chg

Total Operating Expenses Common Size

Income from Operations

Income from Operations %Chg

Income from Operations Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

Change in Fair Value of Preferred Stock Warrant Liabilities

Change in Fair Value of Preferred Stock Warrant Liabilities %Chg

Change in Fair Value of Preferred Stock Warrant Liabilities Common Size

Interest Income, Net

Interest Income, Net %Chg

Interest Income, Net Common Size

Foreign Currency Exchange Loss, Net

Foreign Currency Exchange Loss, Net %Chg

Foreign Currency Exchange Loss, Net Common Size

Total Other Income, Net

Total Other Income, Net %Chg

Total Other Income, Net Common Size

Income (Loss) Before Income Taxes

Income (Loss) Before Income Taxes %Chg

Income (Loss) Before Income Taxes Common Size

Provision for (Benefit From) Income Taxes

Provision for (Benefit From) Income Taxes %Chg

Provision for (Benefit From) Income Taxes Common Size

Income Before Income Taxes

Income Before Income Taxes %Chg

Income Before Income Taxes Common Size

Provision for Income Taxes

Provision for Income Taxes %Chg

Provision for Income Taxes Common Size

Net Income

Net Income %Chg

Net Income Common Size

Net Income (Loss) Attributable to Common Stockholders

Net Income (Loss) Attributable to Common Stockholders %Chg

Net Income (Loss) Attributable to Common Stockholders Common Size

Basic

Basic %Chg

Basic Common Size

Diluted

Diluted %Chg

Diluted Common Size

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Gross Profit

Gross Profit %Chg

Gross Profit Common Size

Gross Profit Margin

Gross Profit Margin %Chg

Gross Profit Margin Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Research & Development Expenses

Research & Development Expenses %Chg

Research & Development Expenses Common Size

Operating Profit

Operating Profit %Chg

Operating Profit Common Size

Operating Margin

Operating Margin %Chg

Operating Margin Common Size

Interest and Investment Income

Interest and Investment Income %Chg

Interest and Investment Income Common Size

Non-Operating Income

Non-Operating Income %Chg

Non-Operating Income Common Size

Total Non-Operating Income

Total Non-Operating Income %Chg

Total Non-Operating Income Common Size

Income Before Provision for Income Taxes

Income Before Provision for Income Taxes %Chg

Income Before Provision for Income Taxes Common Size

Consolidated Net Income

Consolidated Net Income %Chg

Consolidated Net Income Common Size

Net Income Attributable to Common Shareholders

Net Income Attributable to Common Shareholders %Chg

Net Income Attributable to Common Shareholders Common Size

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	2,790.5	2,444.8	1,946.1	1,577.8	1,196.5	836	661.1	477.3	308.2	202.9	113.8
Total Revenues %Chg	20.8%	25.6%	23.3%	31.9%	43.1%	26.5%	38.5%	54.9%	51.9%	78.3%	155.5%
Revenue
Cost of Sales	591.2	472	365.6	281.1	221.6	178.8	156.2	114.1	66.2	39.9	23
Platform Operations
Gross Profit	2,199.3	1,972.8	1,580.5	1,296.7	974.9	657.2	504.9	363.2	242	163.1	90.9
Gross Profit Margin	78.8%	80.7%	81.2%	82.2%	81.5%	78.6%	76.4%	76.1%	78.5%	80.3%	79.8%
Selling, General & Administrative Expenses	1,149.1	1,082.3	968.2	863.1	624	346.4	275.9	172	119.8	78.2	40.1
Sales and Marketing
General and Administrative
Research & Development Expenses	522.4	463.3	411.8	319.9	226.1	166.7	116.8	83.9	52.8	27.3	12.8
Technology and Development
Operating Profit	527.8	427.2	200.5	113.7	124.8	144.2	112.2	107.3	69.4	57.5	38
Income from Operations
Operating Margin	18.9%	17.5%	10.3%	7.2%	10.4%	17.2%	17%	22.5%	22.5%	28.3%	33.4%
Interest and Investment Income	79.6	78.8	68.5	12.8	-1	0.7	4.7	0.3	-1.7	—	-1.1
Interest Income, Net
Interest Expense	—	—	—	—	—	—	—	—	—	-3.1	—
Interest Expense
Non-Operating Income	2.7	1.3	-1	1	-1.8	-1	-0.7	-1.9	-4	-10.6	-7
Foreign Currency Exchange Loss, Net
Change in Fair Value of Preferred Stock Warrant Liabilities
Total Non-Operating Income	82.3	80.1	67.5	13.7	-2.8	-0.3	4	-1.6	-5.7	-13.7	-8.1
Total Other Income, Net
Income Before Provision for Income Taxes	610.1	507.3	268	127.4	122	143.9	116.2	105.7	63.6	43.8	29.9
Income Before Income Taxes
Income (Loss) Before Income Taxes
Provision for Income Taxes	171.5	114.2	89.1	74	-15.7	-98.4	7.9	17.6	12.8	23.4	13.9
Provision for Income Taxes
Provision for (Benefit From) Income Taxes
Consolidated Net Income	438.6	393.1	178.9	53.4	137.8	242.3	108.3	88.1	50.8	20.5	15.9
Net Income
Net Income Attributable to Common Shareholders	438.6	393.1	178.9	53.4	137.8	242.3	108.3	88.1	50.8	-6.2	24.7
Net Income
Net Income (Loss) Attributable to Common Stockholders
Basic EPS	0.9	0.8	0.4	0.1	0.3	0.5	0.2	0.2	0.1	-0.1	0.1
Diluted EPS	0.9	0.8	0.4	0.1	0.3	0.5	0.2	0.2	0.1	-0.1	0
Basic Weighted Average Shares Outstanding	491.8	490.9	489.3	486.9	476.9	462.9	445.3	424.4	402.6	182.8	102.9
Total Shares Outstanding	483.6	496.1	488.9	490.5	483.4	473.4	454.8	438.6	416.4	391.3	108.8
Diluted Weighted Average Shares Outstanding	499.6	501.9	500.2	499.9	498.5	489.9	478.1	457.9	440.6	182.8	167.8
EBITDA	635.7	514.7	280.9	168.1	167	172.8	133.9	119.1	76.6	61.3	39.8
Effective Tax Rate	28.1%	22.5%	33.2%	58.1%	-12.9%	-68.4%	6.8%	16.6%	20.2%	53.3%	46.6%