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

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Platform Operations

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Sales and Marketing

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Technology and Development

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Income from Operations

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Interest Expense

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Change in Fair Value of Preferred Stock Warrant Liabilities

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Interest Income, Net

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Total Other Income, Net

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Provision for (Benefit From) Income Taxes

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Net Income

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Net Income (Loss) Attributable to Common Stockholders

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Basic

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Diluted

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Total Revenues

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Cost of Sales

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Gross Profit

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Selling, General & Administrative Expenses

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Research & Development Expenses

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Operating Profit

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Interest and Investment Income

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Non-Operating Income

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Consolidated Net Income

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Net Income Attributable to Common Shareholders

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Basic EPS

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Assets

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Net Revenue

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Adjusted Funds From Operations

Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	2,790.5	2,679.1	2,569.6	2,444.8	2,309.6	2,174.9
Total Revenues %Chg	20.8%	23.2%	25.1%	25.6%	26.1%	25.5%
Revenue
Cost of Sales	591.2	551.7	511.2	472	437.4	408.2
Platform Operations
Gross Profit	2,199.3	2,127.3	2,058.4	1,972.8	1,872.2	1,766.7
Gross Profit Margin	78.8%	79.4%	80.1%	80.7%	81.1%	81.2%
Selling, General & Administrative Expenses	1,149.1	1,140.1	1,117.4	1,082.3	1,058.5	1,023.7
Sales and Marketing
General and Administrative
Research & Development Expenses	522.4	512.3	488	463.3	437.4	437.5
Technology and Development
Operating Profit	527.8	475	453	427.2	376.3	305.5
Income from Operations
Operating Margin	18.9%	17.7%	17.6%	17.5%	16.3%	14%
Interest and Investment Income	79.6	82.5	82.3	78.8	72.8	71.1
Interest Income, Net
Interest Expense	—	—	—	—	—	—
Interest Expense
Non-Operating Income	2.7	0.2	1.8	1.3	-2.8	-0.3
Foreign Currency Exchange Loss, Net
Change in Fair Value of Preferred Stock Warrant Liabilities
Total Non-Operating Income	82.3	82.7	84.1	80.1	70.1	70.7
Total Other Income, Net
Income Before Provision for Income Taxes	610.1	557.7	537	507.3	446.4	376.2
Income Before Income Taxes
Provision for Income Taxes	171.5	140.6	124.9	114.2	138.2	122.8
Provision for Income Taxes
Provision for (Benefit From) Income Taxes
Consolidated Net Income	438.6	417.2	412.1	393.1	308.2	253.4
Net Income
Net Income Attributable to Common Shareholders	438.6	417.2	412.1	393.1	308.2	253.4
Net Income
Net Income (Loss) Attributable to Common Stockholders
Basic EPS	0.9	0.8	0.8	0.8	0.6	0.5
Diluted EPS	0.9	0.8	0.8	0.8	0.6	0.5
Basic Weighted Average Shares Outstanding	491.8	492.8	492.5	490.9	489.7	489.2
Total Shares Outstanding	484.7	489.9	491.3	496.1	493.4	491.6
Diluted Weighted Average Shares Outstanding	499.6	502	503.1	501.9	500.1	499.9
EBITDA	635.7	570.6	542.7	514.7	460.2	389.2
Effective Tax Rate	28.1%	25.2%	23.3%	22.5%	31%	32.7%