Metrics
The numbers behind The Trade Desk, Inc.: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ thousands unless noted.
Reading notes: Cross-check: every FY2021-FY2025 core-statement cell was taken from the filed 10-Ks and agrees with the standardized SEC XBRL feed (revenue, operating income, net income) within rounding - no material discrepancies were found. Display scale is thousands of US dollars, exactly as printed on TTD's 10-K/10-Q statements ('In thousands'). FY2023-FY2024 income-statement and cash-flow figures are the comparative columns of the FY2025 Form 10-K; FY2021-FY2022 come from the FY2023 Form 10-K. Balance-sheet FY2021 is the comparative column of the FY2022 Form 10-K (a 10-K prints only two balance-sheet years).
Share Price — Full Available History — 10 Years
The stock closed at $19.53 on Jul 10, 2026 — up 6,388% over the window shown (+53.1% a year), trading between $0.23 and $139.51. At that close the stock trades at 22× FY2025 diluted EPS as reported below.
Source: market price feed, weekly closes, sampled from 2,463 source observations, Sep 2016–Jul 2026. Price return only, excludes dividends. Prices are split-adjusted (1:10 on Jun 17, 2021).
FY2025 at a Glance
Revenue (US$ thousands)
Net income (US$ thousands)
Diluted EPS
Source: FY2025 consolidated statements [1] [2]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Geography
| Revenue by Geography | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| United States | — | — | 1,696,911 | 2,133,502 | 2,476,683 |
| International | — | — | 249,209 | 311,329 | 419,601 |
| Total revenue | 1,196,467 | 1,577,795 | 1,946,120 | 2,444,831 | 2,896,284 |
| Total revenue growth, derived | — | +31.9% | +23.3% | +25.6% | +18.5% |
Source: Note 12 - Segment and Geographic Information (revenue by principal geographic area; first disclosed on a revenue basis in the FY2025 Form 10-K, which recast FY2023-FY2024) [3] [2]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Operations (Form 10-K) [1] [2]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-11. Estimate figures link to the consensus source, not to filing pages.
Balance Sheet
Source: Consolidated Balance Sheets (Form 10-K) [4] [5] [6]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Consolidated Statements of Cash Flows (Form 10-K) [7] [8]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenue | Income from operations | Net income | Diluted EPS | Net cash provided by operating activities |
|---|---|---|---|---|---|
| FY2016 | 202,926 | 57,518 | 20,482 | — | 75,031 |
| FY2017 | 308,217 | 69,356 | 50,798 | — | 31,224 |
| FY2018 | 477,294 | 107,323 | 88,140 | — | 86,603 |
| FY2019 | 661,058 | 112,196 | 108,318 | 0.23 | 60,205 |
| FY2020 | 836,033 | 144,208 | 242,317 | 0.49 | 405,069 |
| FY2021 | 1,196,467 | 124,817 | 137,762 | 0.28 | 378,513 |
| FY2022 | 1,577,795 | 113,654 | 53,385 | 0.11 | 548,734 |
| FY2023 | 1,946,120 | 200,480 | 178,940 | 0.36 | 598,322 |
| FY2024 | 2,444,831 | 427,167 | 393,076 | 0.78 | 739,456 |
| FY2025 | 2,896,284 | 589,321 | 443,304 | 0.90 | 992,721 |
Source: consolidated statements across filings; older years from the standardized feed [7] [1] [8] [2]. Click any linked figure to open the filing page with the row highlighted.
Operating KPIs
| KPI | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Gross spend | — | 7,741,000 | 9,611,000 | 12,040,872 | 13,394,683 |
| Adjusted EBITDA | — | — | — | 1,010,649 | 1,196,449 |
Source: company-reported operating metrics [9] [10] [11]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Current price
Mean target
Median target
High target
Low target
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-11. Estimate figures link to the consensus source, not to filing pages.
Traceability
249 of 313 figures on this page (80%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
Cross-check: every FY2021-FY2025 core-statement cell was taken from the filed 10-Ks and agrees with the standardized SEC XBRL feed (revenue, operating income, net income) within rounding - no material discrepancies were found.
Display scale is thousands of US dollars, exactly as printed on TTD's 10-K/10-Q statements ('In thousands').
FY2023-FY2024 income-statement and cash-flow figures are the comparative columns of the FY2025 Form 10-K; FY2021-FY2022 come from the FY2023 Form 10-K.
Balance-sheet FY2021 is the comparative column of the FY2022 Form 10-K (a 10-K prints only two balance-sheet years).
Revenue by geography (United States / International) was first disclosed on a revenue basis in the FY2025 Form 10-K, which recast FY2023 and FY2024; earlier 10-Ks disclosed only geographic Gross Billings, so FY2021-FY2022 US/International revenue is left blank (Total revenue is still shown and cited).
TTD operates as a single reportable segment (advertising technology platform); the revenue breakdown therefore uses the company's geographic disaggregation.
KPI Gross spend: FY2024-FY2025 are as printed in thousands in the FY2025 10-K (p.77); FY2022-FY2023 were printed in millions in the FY2023/FY2024 10-Ks (anchors '7,741' and '9,611') and are shown here scaled to thousands.
FY2016-FY2018 diluted EPS is omitted from the Long-Term Record: the standardized feed reports those years on a pre-2021-stock-split basis, inconsistent with the split-adjusted figures used for FY2019 onward.
FY2016-FY2020 long-term figures other than those cited to the FY2021 10-K (p.89) are from the standardized data feed (SEC XBRL) and are shown without page links.
Quarterly block covers the four most recent 10-Q periods (Q1 FY25-Q1 FY26). TTD files 10-Qs for Q1-Q3 only; Q4 FY25 is not separately filed as a statement (the Q4 earnings press-release exhibit tables were not machine-readable), so it is omitted rather than derived.