Trade Desk, Inc.
TTDOther · Large accelerated filer · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $2.90B | $2.44B | $1.95B | $1.58B | $1.20B | $836.0M |
| Operating income | $589.3M | $427.2M | $200.5M | $113.7M | $124.8M | $144.2M |
| Net income | $443.3M | $393.1M | $178.9M | $53.4M | $137.8M | $242.3M |
| Total assets | $6.15B | $6.11B | $4.89B | $4.38B | $3.58B | $2.75B |
| Total liabilities | $3.67B | $3.16B | $2.72B | $2.27B | $2.05B | $1.74B |
| Equity | $2.48B | $2.95B | $2.16B | $2.12B | $1.53B | $1.01B |
| EPS (diluted) | $0.90 | $0.78 | $0.36 | $0.11 | $0.28 | $0.49 |
| Shares out. | 493.6M | 501.9M | 500.2M | 499.9M | 498.5M | 489.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 20.3%
- Net margin
- 15.3%
- Return on equity
- 17.8%
- Return on assets
- 7.2%
- Return on capital (ROCE)
- 20.4%
- Liabilities / assets
- 59.6%
- Debt / equity
- 1.48×
- Book value / share
- $5.03
- Revenue growth (YoY)
- 18.5%
- Net income growth (YoY)
- 12.8%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 3.17safe
- Accruals / assets
- −8.9%clean
- Beneish M-Score
- -2.80normal
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 6 good- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Green Jeffrey TerryPassive (13G)May 15, 2026
- Vanguard Capital Management LlcPassive (13G)Apr 30, 2026
- Vanguard Portfolio Management LlcPassive (13G)Apr 29, 2026
- State Street CorpPassive (13G)Apr 7, 2026
- Baillie Gifford & CoPassive (13G)Apr 2, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
- Blackrock, Inc.Passive (13G)Oct 17, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Jacobson SamanthaDirector | May 28, 2026 | Sell | 53,681 | $21.14 |
| Jacobson SamanthaDirector | May 24, 2026 | Grant | 12,477 | $0.00 |
| Kundra VivekOfficer — Chief Operating Officer | May 15, 2026 | Tax withholding | 6,194 | $21.15 |
| Jacobson SamanthaOfficer — Chief Strategy Officer | May 15, 2026 | Tax withholding | 197 | $21.15 |
| Grant Jay ROfficer — Chief Legal Officer | May 15, 2026 | Tax withholding | 1,288 | $21.15 |
| Davis Tahnil R.Officer — CAO and Interim CFO | May 15, 2026 | Tax withholding | 262 | $21.15 |
| Green Jeffrey TerryOfficer — President and CEO | May 15, 2026 | Gift | 52,909 | $0.00 |
| Vollero AndrewDirector | May 4, 2026 | Grant | 12,220 | $0.00 |
| Tawakol OmarDirector | May 4, 2026 | Grant | 12,220 | $0.00 |
| Cunningham Andrea LeeDirector | May 4, 2026 | Grant | 6,110 | $0.00 |
| Vollero AndrewDirector | Apr 3, 2026 | Grant | 11,341 | $0.00 |
| Rajaram GokulDirector | Apr 3, 2026 | D | 1,226 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 76.6M | 3.6 | +3.7% |
| Apr 30, 2026 | 73.8M | 4.4 | +2.3% |
| Apr 15, 2026 | 72.1M | 4.7 | +7.9% |
| Mar 31, 2026 | 66.8M | 2.9 | +33.9% |
| Mar 13, 2026 | 49.9M | 2.1 | +7.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer changeJun 1, 2026
- Director / officer changeMay 29, 2026
- Director / officer changeMay 8, 2026
- Shareholder voteMay 8, 2026
- Results of operationsMay 7, 2026
- Entered a material agreement · New financial obligationApr 20, 2026
- Director / officer changeApr 6, 2026
- Delisting / listing-standard notice · Director / officer changeMar 25, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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