The Trade Desk, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 1.20B | 1.58B | 1.95B | 2.44B | 2.90B | 18.5% | |
| Cost of Revenue | (221.55M) | (281.12M) | (365.60M) | (472.01M) | (619.07M) | 31.2% | |
Gross Profit | 974.91M | 1.30B | 1.58B | 1.97B | 2.28B | 15.4% | |
| Operating Expenses | |||||||
| Research & Development | (226.14M) | (319.88M) | (411.79M) | (463.32M) | (525.14M) | 13.3% | |
| Selling, General & Administrative | (623.96M) | (863.14M) | (968.25M) | (1.08B) | (1.16B) | 7.4% | |
| General & Administrative | (374.66M) | (525.17M) | (520.28M) | (535.82M) | (518.46M) | -3.2% | |
| Selling & Marketing | (249.30M) | (337.98M) | (447.97M) | (546.52M) | (644.30M) | 17.9% | |
| Depreciation & Amortization | (42.22M) | (54.42M) | (80.42M) | (87.49M) | (115.78M) | 32.3% | |
Operating Income (EBIT) | 124.82M | 113.65M | 200.48M | 427.17M | 589.32M | 38.0% | |
| Non-Operating Items | |||||||
| Interest Income | — | 12.76M | 68.51M | 78.84M | 68.72M | -12.8% | |
| Interest Expense | (1.03M) | — | — | — | — | — | |
| Other Income/Expenses (Net) | -2.78M | 13.72M | 67.52M | 80.14M | 69.43M | -13.4% | |
Income Before Tax | 122.04M | 127.37M | 268.00M | 507.30M | 658.75M | 29.9% | |
| Income Tax Expense | (15.73M) | (73.98M) | (89.06M) | (114.23M) | (215.45M) | 88.6% | |
Net Income | 137.76M | 53.38M | 178.94M | 393.08M | 443.30M | 12.8% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $0 | $0 | $0 | $1 | $1 | 15.0% | |
| Weighted Avg Shares Outstanding | 476.85M | 486.94M | 489.26M | 490.88M | 479.99M | -2.2% | |
| Weighted Avg Shares Outstanding (Diluted) | 498.54M | 499.93M | 500.18M | 501.92M | 482.73M | -3.8% | |
EBITDA | 165.28M | 181.79M | 348.41M | 594.79M | 774.54M | 30.2% |
Explore TTD
TTD in the Communication Services
Mid Cap