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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Total Operating Expenses

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Income (Loss) from Operations

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Change in Fair Value of Preferred Stock Warrant Liabilities

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Interest Income, Net

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Foreign Currency Exchange Loss, Net

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Total Other Income, Net

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Income (Loss) Before Income Taxes

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Provision for (Benefit From) Income Taxes

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Net Income (Loss)

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Basic

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Diluted

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Net Income

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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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EBIT

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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	739.4	694	616	741	628	584.6
Total Revenues %Chg	17.7%	18.7%	25.4%	22.3%	27.3%	25.9%
Revenue
Cost of Sales	162.2	151	142.8	135.3	122.7	110.5
Platform Operations
Gross Profit	577.3	543.1	473.2	605.7	505.4	474.1
Gross Profit Margin	78.1%	78.2%	76.8%	81.7%	80.5%	81.1%
Selling, General & Administrative Expenses	288.2	292	286.3	282.5	279.2	269.3
Sales and Marketing
General and Administrative
Research & Development Expenses	127.9	134.3	132.4	127.9	117.7	110
Technology and Development
Operating Profit	161.2	116.8	54.5	195.3	108.5	94.7
Income from Operations
Income (Loss) from Operations
Operating Margin	21.8%	16.8%	8.8%	26.4%	17.3%	16.2%
Interest and Investment Income	16.5	18	20.1	25	19.4	17.8
Interest Income, Net
Non-Operating Income	1.8	-1.6	1.2	1.3	-0.7	-0
Foreign Currency Exchange Loss, Net
Change in Fair Value of Preferred Stock Warrant Liabilities
Total Non-Operating Income	18.3	16.4	21.3	26.3	18.7	17.8
Total Other Income, Net
Income Before Provision for Income Taxes	179.5	133.2	75.8	221.6	127.2	112.5
Income Before Income Taxes
Income (Loss) Before Income Taxes
Provision for Income Taxes	64	43.1	25.1	39.4	33	27.5
Provision for Income Taxes
Provision for (Benefit From) Income Taxes
Consolidated Net Income	115.5	90.1	50.7	182.2	94.2	85
Net Income
Net Income (Loss)
Net Income Attributable to Common Shareholders	115.5	90.1	50.7	182.2	94.2	85
Net Income
Net Income (Loss) Attributable to Common Stockholders
Basic EPS	0.2	0.2	0.1	0.4	0.2	0.2
Diluted EPS	0.2	0.2	0.1	0.4	0.2	0.2
Basic Weighted Average Shares Outstanding	487.7	490.6	494.9	494	491.6	489.4
Total Shares Outstanding	484.7	489.9	491.3	496.1	493.4	491.6
Diluted Weighted Average Shares Outstanding	493	495.8	502.9	506.8	502.6	500
EBITDA	194.4	143.5	78.4	219.4	129.2	115.6
Effective Tax Rate	35.6%	32.3%	33.1%	17.8%	26%	24.4%