Symbols / TTD
TTD Chart
About
The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company offers a self-service cloud-based ad-buying platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices. It provides data and other value-added services. The company serves advertising agencies, advertisers, and other service providers for agencies or advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.
Fundamentals
Scroll to Statements| Sector | Communication Services | Industry | Advertising Agencies | Market Cap | 12.19B |
| Enterprise Value | 10.62B | Income | 438.58M | Sales | 2.79B |
| Book/sh | 5.37 | Cash/sh | 2.99 | Dividend Yield | — |
| Payout | 0.00% | Employees | 3522 | IPO | — |
| P/E | 28.34 | Forward P/E | 12.11 | PEG | — |
| P/S | 4.37 | P/B | 4.65 | P/C | — |
| EV/EBITDA | 17.14 | EV/Sales | 3.81 | Quick Ratio | 1.64 |
| Current Ratio | 1.71 | Debt/Eq | 14.46 | LT Debt/Eq | — |
| EPS (ttm) | 0.88 | EPS next Y | 2.06 | EPS Growth | 21.10% |
| Revenue Growth | 17.70% | Earnings | 2026-02-25 | ROA | 5.76% |
| ROE | 16.78% | ROIC | — | Gross Margin | 78.81% |
| Oper. Margin | 21.80% | Profit Margin | 15.72% | Shs Outstand | 440.32M |
| Shs Float | 437.55M | Short Float | 10.08% | Short Ratio | 3.75 |
| Short Interest | — | 52W High | 91.45 | 52W Low | 23.78 |
| Beta | 1.09 | Avg Volume | 13.58M | Volume | 11.55M |
| Target Price | $51.52 | Recom | Buy | Prev Close | $24.17 |
| Price | $24.94 | Change | 3.19% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$51.52
Mean price target
2. Current target
$24.94
Latest analyst target
3. DCF / Fair value
$22.22
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$24.94
Low
$23.00
High
$98.00
Mean
$51.52
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-24 | main | Wedbush | Neutral → Neutral | $23 |
| 2026-02-23 | main | Benchmark | Buy → Buy | $40 |
| 2026-02-03 | main | Keybanc | Overweight → Overweight | $40 |
| 2026-01-27 | down | CFRA | Buy → Hold | $40 |
| 2026-01-27 | main | Citigroup | Neutral → Neutral | $38 |
| 2026-01-27 | main | Truist Securities | Buy → Buy | $60 |
| 2026-01-27 | main | Rosenblatt | Buy → Buy | $53 |
| 2026-01-23 | main | Stifel | Buy → Buy | $74 |
| 2026-01-23 | down | Citizens | Market Outperform → Market Perform | — |
| 2026-01-20 | main | UBS | Buy → Buy | $50 |
| 2026-01-20 | main | B of A Securities | Underperform → Underperform | $40 |
| 2026-01-13 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $42 |
| 2026-01-12 | main | Wells Fargo | Equal-Weight → Equal-Weight | $42 |
| 2026-01-08 | main | Cantor Fitzgerald | Neutral → Neutral | $43 |
| 2026-01-06 | main | Wolfe Research | Outperform → Outperform | $45 |
| 2026-01-05 | main | Guggenheim | Buy → Buy | $50 |
| 2025-12-11 | main | Jefferies | Hold → Hold | $40 |
| 2025-12-08 | main | Wedbush | Neutral → Neutral | $40 |
| 2025-11-10 | main | DA Davidson | Buy → Buy | $54 |
| 2025-11-07 | main | RBC Capital | Outperform → Outperform | $80 |
News
RSS: Latest TTD news- The Trade Desk: The Market Got It All Wrong With Q4 Earnings To Confirm It - Seeking Alpha Sun, 22 Feb 2026 04
- The Trade Desk Stock (TTD) Opinions on Upcoming Q4 Earnings - Quiver Quantitative ue, 24 Feb 2026 17
- Has The Trade Desk (TTD) Slump Opened A New Valuation Opportunity For Investors - simplywall.st ue, 24 Feb 2026 19
- Should You Buy, Hold or Sell TTD Stock Ahead of Q4 Earnings? - Zacks Investment Research hu, 19 Feb 2026 13
- How The Trade Desk’s new CTV ad hub taps 50M devices worldwide - Stock Titan ue, 24 Feb 2026 14
- The Trade Desk stock has imploded: is it a bargain before earnings? - TradingView ue, 24 Feb 2026 16
- 5 Smart Stocks to Buy Right Now - The Motley Fool ue, 24 Feb 2026 13
- Are Wall Street Analysts Predicting The Trade Desk Stock Will Climb or Sink? - Yahoo Finance Wed, 18 Feb 2026 12
- What To Expect From The Trade Desk's (TTD) Q4 Earnings - Finviz ue, 24 Feb 2026 03
- The Trade Desk Q4 Preview: I Was Wrong. (Rating Downgrade) (NASDAQ:TTD) - Seeking Alpha Mon, 23 Feb 2026 10
- Billionaire Investor Philippe Laffont's Hedge Fund Sold Its Entire Stake in The Trade Desk and Increased Its Position in This Streaming Giant by 17x - The Globe and Mail ue, 24 Feb 2026 18
- The Trade Desk Stock: Buying Opportunity Or Red Flag? - Forbes Fri, 30 Jan 2026 08
- TTD Stock Is Falling Today: KeyBanc Slashes Price Target By Over 50%, Flags Tougher Growth Outlook - Stocktwits ue, 03 Feb 2026 08
- TTD vs. PUBM: Which Ad-Tech Stock Is the Smarter Pick Now? - Yahoo Finance Singapore Mon, 23 Feb 2026 14
- The Top Tech Stocks to Buy in February - The Motley Fool Mon, 23 Feb 2026 17
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 28029 | — | — | Stock Gift at price 0.00 per share. | GREEN JEFFREY TERRY | Chief Executive Officer | — | 2026-02-13 00:00:00 | D |
| 1 | 250000 | — | — | Stock Gift at price 0.00 per share. | GREEN JEFFREY TERRY | Chief Executive Officer | — | 2025-12-03 00:00:00 | I |
| 2 | 167307 | nan | — | — | GREEN JEFFREY TERRY | Chief Executive Officer | — | 2025-12-03 00:00:00 | I |
| 3 | 322 | 11476.0 | — | Stock Award(Grant) at price 35.64 per share. | KUNDRA VIVEK | Chief Operating Officer | — | 2025-11-14 00:00:00 | D |
| 4 | 28028 | — | — | Stock Gift at price 0.00 per share. | GREEN JEFFREY TERRY | Chief Executive Officer | — | 2025-11-14 00:00:00 | D |
| 5 | 1403 | 67625.0 | — | Sale at price 48.20 per share. | CUNNINGHAM ANDREA LEE | Director | — | 2025-09-10 00:00:00 | D |
| 6 | 102655 | — | — | Stock Award(Grant) at price 0.00 per share. | KAYYAL ALEX | Chief Financial Officer | — | 2025-08-21 00:00:00 | D |
| 7 | 28028 | — | — | Stock Gift at price 0.00 per share. | GREEN JEFFREY TERRY | Chief Executive Officer | — | 2025-08-15 00:00:00 | D |
| 8 | 6818 | — | — | Stock Award(Grant) at price 0.00 per share. | TAWAKOL OMAR | Director | — | 2025-08-11 00:00:00 | D |
| 9 | 51290 | 4676679.0 | — | Sale at price 91.00 - 91.30 per share. | GRANT JAY R | Officer | — | 2025-08-07 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 290.93K | -329.68K | 201.81K | -472.77K |
| TaxRateForCalcs | 0.23 | 0.33 | 0.21 | 0.27 |
| NormalizedEBITDA | 513.36M | 281.89M | 167.12M | 168.79M |
| TotalUnusualItems | 1.29M | -993.00K | 961.00K | -1.75M |
| TotalUnusualItemsExcludingGoodwill | 1.29M | -993.00K | 961.00K | -1.75M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 393.08M | 178.94M | 53.38M | 137.76M |
| ReconciledDepreciation | 87.49M | 80.42M | 54.42M | 42.22M |
| ReconciledCostOfRevenue | 472.01M | 365.60M | 281.12M | 221.55M |
| EBITDA | 514.66M | 280.90M | 168.08M | 167.04M |
| EBIT | 427.17M | 200.48M | 113.65M | 124.82M |
| NetInterestIncome | 78.84M | 68.51M | 12.76M | -1.03M |
| InterestIncome | 78.84M | 68.51M | 12.76M | |
| NormalizedIncome | 392.07M | 179.60M | 52.63M | 139.04M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 393.08M | 178.94M | 53.38M | 137.76M |
| TotalExpenses | 2.02B | 1.75B | 1.46B | 1.07B |
| TotalOperatingIncomeAsReported | 427.17M | 200.48M | 113.65M | 124.82M |
| DilutedAverageShares | 501.92M | 500.18M | 499.93M | 498.54M |
| BasicAverageShares | 490.88M | 489.26M | 486.94M | 476.85M |
| DilutedEPS | 0.78 | 0.36 | 0.11 | 0.28 |
| BasicEPS | 0.80 | 0.37 | 0.11 | 0.29 |
| DilutedNIAvailtoComStockholders | 393.08M | 178.94M | 53.38M | 137.76M |
| NetIncomeCommonStockholders | 393.08M | 178.94M | 53.38M | 137.76M |
| NetIncome | 393.08M | 178.94M | 53.38M | 137.76M |
| NetIncomeIncludingNoncontrollingInterests | 393.08M | 178.94M | 53.38M | 137.76M |
| NetIncomeContinuousOperations | 393.08M | 178.94M | 53.38M | 137.76M |
| TaxProvision | 114.23M | 89.06M | 73.98M | -15.73M |
| PretaxIncome | 507.30M | 268.00M | 127.37M | 122.04M |
| OtherIncomeExpense | 1.29M | -993.00K | 961.00K | -1.75M |
| GainOnSaleOfSecurity | 1.29M | -993.00K | 961.00K | -1.75M |
| NetNonOperatingInterestIncomeExpense | 78.84M | 68.51M | 12.76M | -1.03M |
| TotalOtherFinanceCost | -68.51M | -12.76M | 1.03M | |
| InterestIncomeNonOperating | 78.84M | 68.51M | 12.76M | |
| OperatingIncome | 427.17M | 200.48M | 113.65M | 124.82M |
| OperatingExpense | 1.55B | 1.38B | 1.18B | 850.10M |
| ResearchAndDevelopment | 463.32M | 411.79M | 319.88M | 226.14M |
| SellingGeneralAndAdministration | 1.08B | 968.25M | 863.14M | 623.96M |
| SellingAndMarketingExpense | 546.52M | 447.97M | 337.98M | 249.30M |
| GeneralAndAdministrativeExpense | 535.82M | 520.28M | 525.17M | 374.66M |
| OtherGandA | 535.82M | 520.28M | 525.17M | 374.66M |
| GrossProfit | 1.97B | 1.58B | 1.30B | 974.91M |
| CostOfRevenue | 472.01M | 365.60M | 281.12M | 221.55M |
| TotalRevenue | 2.44B | 1.95B | 1.58B | 1.20B |
| OperatingRevenue | 2.44B | 1.95B | 1.58B | 1.20B |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 496.10M | 488.92M | 490.47M | 483.44M |
| ShareIssued | 496.10M | 488.92M | 490.47M | 483.44M |
| TotalDebt | 312.21M | 235.89M | 260.96M | 284.60M |
| TangibleBookValue | 2.93B | 2.15B | 2.10B | 1.51B |
| InvestedCapital | 2.95B | 2.16B | 2.12B | 1.53B |
| WorkingCapital | 2.46B | 1.80B | 1.82B | 1.29B |
| NetTangibleAssets | 2.93B | 2.15B | 2.10B | 1.51B |
| CapitalLeaseObligations | 312.21M | 235.89M | 260.96M | 284.60M |
| CommonStockEquity | 2.95B | 2.16B | 2.12B | 1.53B |
| TotalCapitalization | 2.95B | 2.16B | 2.12B | 1.53B |
| TotalEquityGrossMinorityInterest | 2.95B | 2.16B | 2.12B | 1.53B |
| StockholdersEquity | 2.95B | 2.16B | 2.12B | 1.53B |
| RetainedEarnings | 354.25M | 196.95M | 665.51M | 612.13M |
| AdditionalPaidInCapital | 2.59B | 1.97B | 1.45B | 915.18M |
| CapitalStock | 0.00 | 0.00 | 0.00 | 0.00 |
| CommonStock | 0.00 | 0.00 | 0.00 | 0.00 |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 3.16B | 2.72B | 2.27B | 2.05B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 289.34M | 213.63M | 236.02M | 246.73M |
| OtherNonCurrentLiabilities | 41.62M | 33.26M | 27.49M | 8.28M |
| LongTermDebtAndCapitalLeaseObligation | 247.72M | 180.37M | 208.53M | 238.45M |
| LongTermCapitalLeaseObligation | 247.72M | 180.37M | 208.53M | 238.45M |
| CurrentLiabilities | 2.87B | 2.51B | 2.03B | 1.80B |
| CurrentDebtAndCapitalLeaseObligation | 64.49M | 55.52M | 52.43M | 46.15M |
| CurrentCapitalLeaseObligation | 64.49M | 55.52M | 52.43M | 46.15M |
| PayablesAndAccruedExpenses | 2.81B | 2.46B | 1.98B | 1.76B |
| CurrentAccruedExpenses | 177.76M | 138.00M | 105.47M | 101.47M |
| Payables | 2.63B | 2.32B | 1.87B | 1.66B |
| AccountsPayable | 2.63B | 2.32B | 1.87B | 1.66B |
| TotalAssets | 6.11B | 4.89B | 4.38B | 3.58B |
| TotalNonCurrentAssets | 775.49M | 574.73M | 535.06M | 485.69M |
| OtherNonCurrentAssets | 57.56M | 43.83M | 28.34M | 33.17M |
| NonCurrentDeferredAssets | 230.21M | 154.85M | 94.03M | 68.24M |
| NonCurrentDeferredTaxesAssets | 230.21M | 154.85M | 94.03M | 68.24M |
| GoodwillAndOtherIntangibleAssets | 14.62M | 16.90M | 18.54M | 14.33M |
| OtherIntangibleAssets | 14.62M | 16.90M | 18.54M | 14.33M |
| NetPPE | 473.09M | 359.15M | 394.15M | 369.95M |
| AccumulatedDepreciation | -215.02M | -158.54M | -105.89M | -68.89M |
| GrossPPE | 688.11M | 517.69M | 500.05M | 438.84M |
| Leases | 156.42M | 129.99M | 121.70M | 112.01M |
| ConstructionInProgress | 34.54M | 8.49M | 10.90M | 6.81M |
| OtherProperties | 263.76M | 197.73M | 220.40M | 234.09M |
| MachineryFurnitureEquipment | 233.39M | 181.48M | 147.05M | 85.92M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 5.34B | 4.31B | 3.85B | 3.09B |
| OtherCurrentAssets | 84.63M | 63.35M | 51.84M | 112.15M |
| PrepaidAssets | 112.15M | |||
| Receivables | 3.33B | 2.87B | 2.35B | 2.02B |
| AccountsReceivable | 3.33B | 2.87B | 2.35B | 2.02B |
| AllowanceForDoubtfulAccountsReceivable | -11.24M | -12.83M | -10.48M | -7.37M |
| GrossAccountsReceivable | 3.34B | 2.88B | 2.36B | 2.03B |
| CashCashEquivalentsAndShortTermInvestments | 1.92B | 1.38B | 1.45B | 958.78M |
| OtherShortTermInvestments | 552.03M | 485.16M | 416.08M | 204.62M |
| CashAndCashEquivalents | 1.37B | 895.13M | 1.03B | 754.15M |
| CashEquivalents | 1.15B | 605.62M | 690.79M | 482.10M |
| CashFinancial | 218.45M | 289.51M | 339.72M | 272.06M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 632.39M | 543.30M | 456.85M | 318.54M |
| RepurchaseOfCapitalStock | -234.78M | -646.60M | 0.00 | 0.00 |
| RepaymentOfDebt | 0.00 | 0.00 | ||
| IssuanceOfDebt | 0.00 | 0.00 | ||
| CapitalExpenditure | -107.06M | -55.02M | -91.89M | -59.97M |
| InterestPaidSupplementalData | 986.00K | 967.00K | 995.00K | 518.00K |
| IncomeTaxPaidSupplementalData | 158.58M | 151.90M | 4.21M | 3.61M |
| EndCashPosition | 1.37B | 895.13M | 1.03B | 754.15M |
| BeginningCashPosition | 895.13M | 1.03B | 754.15M | 437.35M |
| ChangesInCash | 474.33M | -135.38M | 276.35M | 316.80M |
| FinancingCashFlow | -107.61M | -626.11M | 31.99M | 31.93M |
| CashFlowFromContinuingFinancingActivities | -107.61M | -626.11M | 31.99M | 31.93M |
| NetOtherFinancingCharges | -139.09M | -78.52M | -48.59M | -58.78M |
| ProceedsFromStockOptionExercised | 266.27M | 99.01M | 80.59M | 90.70M |
| NetCommonStockIssuance | -234.78M | -646.60M | 0.00 | 0.00 |
| CommonStockPayments | -234.78M | -646.60M | 0.00 | 0.00 |
| NetIssuancePaymentsOfDebt | 0.00 | 0.00 | ||
| NetShortTermDebtIssuance | 0.00 | 0.00 | ||
| ShortTermDebtPayments | 0.00 | 0.00 | ||
| ShortTermDebtIssuance | 0.00 | 0.00 | ||
| InvestingCashFlow | -157.51M | -107.59M | -304.37M | -93.64M |
| CashFlowFromContinuingInvestingActivities | -157.51M | -107.59M | -304.37M | -93.64M |
| NetInvestmentPurchaseAndSale | -50.45M | -52.57M | -212.49M | -20.40M |
| SaleOfInvestment | 629.09M | 555.81M | 340.81M | 257.98M |
| PurchaseOfInvestment | -679.54M | -608.38M | -553.29M | -278.39M |
| NetBusinessPurchaseAndSale | 0.00 | 0.00 | -13.26M | |
| PurchaseOfBusiness | 0.00 | 0.00 | -13.26M | |
| NetPPEPurchaseAndSale | -98.24M | -46.79M | -84.16M | -54.80M |
| PurchaseOfPPE | -98.24M | -46.79M | -84.16M | -54.80M |
| CapitalExpenditureReported | -8.82M | -8.23M | -7.72M | -5.17M |
| OperatingCashFlow | 739.46M | 598.32M | 548.73M | 378.51M |
| CashFlowFromContinuingOperatingActivities | 739.46M | 598.32M | 548.73M | 378.51M |
| ChangeInWorkingCapital | -209.28M | -122.60M | -94.15M | -169.68M |
| ChangeInOtherCurrentLiabilities | -41.75M | -52.91M | -48.35M | -43.99M |
| ChangeInPayablesAndAccruedExpense | 345.48M | 511.14M | 195.29M | 317.01M |
| ChangeInAccruedExpense | 46.56M | 35.68M | 8.17M | 7.60M |
| ChangeInPayable | 298.92M | 475.46M | 187.12M | 309.41M |
| ChangeInAccountPayable | 298.92M | 475.46M | 187.12M | 309.41M |
| ChangeInPrepaidAssets | -38.78M | -26.82M | 50.66M | 1.65M |
| ChangeInReceivables | -474.23M | -554.01M | -291.75M | -444.34M |
| ChangesInAccountReceivables | -474.23M | -554.01M | -291.75M | -444.34M |
| OtherNonCashItems | 49.52M | 28.58M | 44.74M | 46.12M |
| StockBasedCompensation | 494.70M | 491.62M | 498.64M | 337.41M |
| ProvisionandWriteOffofAssets | 853.00K | 2.96M | 3.20M | 1.46M |
| DeferredTax | -76.90M | -61.60M | -11.51M | -16.78M |
| DeferredIncomeTax | -76.90M | -61.60M | -11.51M | -16.78M |
| DepreciationAmortizationDepletion | 87.49M | 80.42M | 54.42M | 42.22M |
| DepreciationAndAmortization | 87.49M | 80.42M | 54.42M | 42.22M |
| NetIncomeFromContinuingOperations | 393.08M | 178.94M | 53.38M | 137.76M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for TTD
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|