2024 Q3 Form 10-Q Financial Statement
#000167193324000122 Filed on November 07, 2024
Income Statement
Concept | 2024 Q3 |
---|---|
Revenue | $628.0M |
YoY Change | 27.32% |
Cost Of Revenue | $122.7M |
YoY Change | 31.35% |
Gross Profit | $505.4M |
YoY Change | 26.38% |
Gross Profit Margin | 80.47% |
Selling, General & Admin | $279.2M |
YoY Change | 14.21% |
% of Gross Profit | 55.24% |
Research & Development | $117.7M |
YoY Change | -0.06% |
% of Gross Profit | 23.29% |
Depreciation & Amortization | $20.75M |
YoY Change | 1.24% |
% of Gross Profit | 4.11% |
Operating Expenses | $396.9M |
YoY Change | 9.57% |
Operating Profit | $108.5M |
YoY Change | 187.92% |
Interest Expense | $18.70M |
YoY Change | -3.12% |
% of Operating Profit | 17.24% |
Other Income/Expense, Net | $18.70M |
YoY Change | -3.24% |
Pretax Income | $127.2M |
YoY Change | 123.12% |
Income Tax | $33.02M |
% Of Pretax Income | 25.96% |
Net Earnings | $94.16M |
YoY Change | 139.27% |
Net Earnings / Revenue | 14.99% |
Basic Earnings Per Share | $0.19 |
Diluted Earnings Per Share | $0.19 |
COMMON SHARES | |
Basic Shares Outstanding | 491.6M shares |
Diluted Shares Outstanding | 502.6M shares |
Balance Sheet
Concept | 2024 Q3 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $1.732B |
YoY Change | 13.79% |
Cash & Equivalents | $1.221B |
Short-Term Investments | $510.3M |
Other Short-Term Assets | $117.2M |
YoY Change | 102.45% |
Inventory | |
Prepaid Expenses | |
Receivables | $2.989B |
Other Receivables | $0.00 |
Total Short-Term Assets | $4.838B |
YoY Change | 20.54% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $198.0M |
YoY Change | 29.51% |
Goodwill | |
YoY Change | |
Intangibles | |
YoY Change | |
Long-Term Investments | |
YoY Change | |
Other Assets | $71.70M |
YoY Change | 40.17% |
Total Long-Term Assets | $667.0M |
YoY Change | 31.65% |
TOTAL ASSETS | |
Total Short-Term Assets | $4.838B |
Total Long-Term Assets | $667.0M |
Total Assets | $5.505B |
YoY Change | 21.79% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $2.410B |
YoY Change | 22.47% |
Accrued Expenses | $142.5M |
YoY Change | 17.14% |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $0.00 |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $2.615B |
YoY Change | 21.79% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $0.00 |
YoY Change | |
Other Long-Term Liabilities | $34.13M |
YoY Change | 23.91% |
Total Long-Term Liabilities | $34.13M |
YoY Change | 23.91% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $2.615B |
Total Long-Term Liabilities | $34.13M |
Total Liabilities | $2.880B |
YoY Change | 21.76% |
SHAREHOLDERS EQUITY | |
Retained Earnings | $228.7M |
YoY Change | -28.64% |
Common Stock | $2.397B |
YoY Change | 30.62% |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | $2.626B |
YoY Change | |
Total Liabilities & Shareholders Equity | $5.505B |
YoY Change | 21.79% |
Cashflow Statement
Concept | 2024 Q3 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $94.16M |
YoY Change | 139.27% |
Depreciation, Depletion And Amortization | $20.75M |
YoY Change | 1.24% |
Cash From Operating Activities | $273.3M |
YoY Change | 42.73% |
INVESTING ACTIVITIES | |
Capital Expenditures | $50.99M |
YoY Change | 562.25% |
Acquisitions | |
YoY Change | |
Other Investing Activities | -$8.203M |
YoY Change | -143.17% |
Cash From Investing Activities | -$59.20M |
YoY Change | -619.26% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | -2.016M |
YoY Change | -97.92% |
NET CHANGE | |
Cash From Operating Activities | 273.3M |
Cash From Investing Activities | -59.20M |
Cash From Financing Activities | -2.016M |
Net Change In Cash | 212.1M |
YoY Change | 100.11% |
FREE CASH FLOW | |
Cash From Operating Activities | $273.3M |
Capital Expenditures | $50.99M |
Free Cash Flow | $222.3M |
YoY Change | 20.96% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001671933 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Document Fiscal Period Focus
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|
Q3 | ||
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|
false | ||
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Document Quarterly Report
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|
true | ||
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Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | ||
dei |
Document Transition Report
DocumentTransitionReport
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false | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
TRADE DESK, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
27-1887399 | ||
dei |
Entity Address Address Line1
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|
42 N. Chestnut Street | ||
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Entity Address City Or Town
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Ventura | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
CA | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
93001 | ||
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City Area Code
CityAreaCode
|
805 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
585-3434 | ||
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Security12b Title
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|
Class A Common Stock, par value $0.000001 per share | ||
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Trading Symbol
TradingSymbol
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TTD | ||
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Security Exchange Name
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NASDAQ | ||
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|
619000 | usd |
CY2024Q3 | us-gaap |
Lease Cost
LeaseCost
|
19983000 | usd |
CY2023Q3 | us-gaap |
Lease Cost
LeaseCost
|
15659000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
154849000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2317318000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
55524000 | usd |
CY2024Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2615090000 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2510838000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
230355000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
180369000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
63353000 | usd |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
53886000 | usd | |
CY2023Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
292863000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
114235000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
9326000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1940807000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
17407000 | usd |
CY2023Q2 | ttd |
Stock Issued During Period Value Restricted Stock Net Of Forfeitures And Shares Withheld For Taxes
StockIssuedDuringPeriodValueRestrictedStockNetOfForfeituresAndSharesWithheldForTaxes
|
-15459000 | usd |
CY2023Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
44004000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
118404000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
32939000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2071410000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2164219000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
10804000 | usd |
CY2024Q1 | ttd |
Stock Issued During Period Value Restricted Stock Net Of Forfeitures And Shares Withheld For Taxes
StockIssuedDuringPeriodValueRestrictedStockNetOfForfeituresAndSharesWithheldForTaxes
|
-26806000 | usd |
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
CY2023Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
21316000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
17591000 | usd |
CY2023Q3 | ttd |
Stock Issued During Period Value Restricted Stock Net Of Forfeitures And Shares Withheld For Taxes
StockIssuedDuringPeriodValueRestrictedStockNetOfForfeituresAndSharesWithheldForTaxes
|
-24343000 | usd |
CY2023Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
89845000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
141361000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
39352000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2155526000 | usd |
CY2024Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
125370000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
112048000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
31660000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2166555000 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
27360000 | usd |
CY2024Q2 | ttd |
Stock Issued During Period Value Restricted Stock Net Of Forfeitures And Shares Withheld For Taxes
StockIssuedDuringPeriodValueRestrictedStockNetOfForfeituresAndSharesWithheldForTaxes
|
-31563000 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
30122000 | usd |
CY2024Q2 | ttd |
Share Repurchase Program Excise Tax Change
ShareRepurchaseProgramExciseTaxChange
|
90000 | usd |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
127813000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
85029000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2405406000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
89526000 | usd |
CY2024Q3 | ttd |
Stock Issued During Period Value Restricted Stock Net Of Forfeitures And Shares Withheld For Taxes
StockIssuedDuringPeriodValueRestrictedStockNetOfForfeituresAndSharesWithheldForTaxes
|
-39394000 | usd |
CY2024Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
53871000 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
129925000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
94158000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2625750000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
210847000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
81617000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
63378000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
59889000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
365470000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
370186000 | usd | |
ttd |
Noncash Lease Expense
NoncashLeaseExpense
|
41522000 | usd | |
ttd |
Noncash Lease Expense
NoncashLeaseExpense
|
36672000 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
837000 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1811000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
11901000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
8312000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
125711000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
130650000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
68490000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
11370000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
87175000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
125661000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
8846000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
18439000 | usd | |
ttd |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
-31918000 | usd | |
ttd |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
-36741000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
540055000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
507202000 | usd | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
486596000 | usd | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
448251000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
475022000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
425400000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
78048000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
21594000 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
6708000 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
6097000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-96330000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-50542000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
177428000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
426684000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
127690000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
45363000 | usd | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
30122000 | usd | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
21316000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
97763000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
55397000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-117379000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-415402000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
326346000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
41258000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
895129000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1030506000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1221475000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1071764000 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
48524000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
44836000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
94410000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
25781000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
10217000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
5938000 | usd | |
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
4316000 | usd | |
ttd |
Repurchase Of Class A Common Stock Accrued Not Yet Paid
RepurchaseOfClassACommonStockAccruedNotYetPaid
|
1723000 | usd | |
ttd |
Repurchase Of Class A Common Stock Accrued Not Yet Paid
RepurchaseOfClassACommonStockAccruedNotYetPaid
|
28000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1—Nature of Operations</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Trade Desk, Inc. (the “Company”) is a global technology company that empowers buyers of advertising. Through the Company’s self-service, cloud-based platform, ad buyers can create, manage and optimize more expressive data-driven digital advertising campaigns across ad formats and channels, including video (which includes connected television (“CTV”)), display, audio, digital-out-of-home, native and social, on a multitude of devices, such as computers, mobile devices, televisions and streaming devices. The Company’s platform integrations with major inventory, publisher and data partners provide ad buyers reach and decisioning capabilities, and the Company’s enterprise application programming interfaces (“APIs”) enable its clients to customize and expand platform functionality.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a Delaware corporation formed in November 2009 and headquartered in Ventura, California with offices in various cities in North America, Europe, Asia and Australia.</span></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:18pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from these estimates.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Management regularly evaluates its estimates, primarily those related to: (1) revenue recognition criteria, including the determination of revenue reporting as net versus gross in the Company’s revenue arrangements, (2) allowances for credit losses, (3) operating lease assets and liabilities, including the Company’s incremental borrowing rate and terms and provisions of each lease, (4) the useful lives of property and equipment and capitalized software development costs, (5) income taxes, (6) assumptions used in the option pricing models to determine the fair value of stock-based compensation and (7) the recognition and disclosure of contingent liabilities. These estimates are based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of September 30, 2024, the impacts to the Company’s business due to geopolitical developments and macroeconomic factors such as changes in interest and foreign currency exchange rates, inflation and supply chain disruptions, continue to evolve. As a result, many of the Company’s estimates and assumptions, including the allowance for credit losses, consider macroeconomic factors in the market, which require increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, the Company’s estimates may change materially in future periods.</span></div> | ||
CY2024Q3 | ttd |
Common Stock Number Of Classes
CommonStockNumberOfClasses
|
2 | class |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
94158000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
39352000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
210847000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
81617000 | usd | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
489447000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
489845000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
489195000 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
12433000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
10428000 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
11153000 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
501880000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
500273000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
500348000 | shares | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.43 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.42 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.16 | ||
CY2024Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2667000 | shares |
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4916000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2667000 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4916000 | shares | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1221475000 | usd |
CY2024Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
510290000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
1731765000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
895129000 | usd |
CY2023Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
485159000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
1380288000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
471030000 | usd |
CY2024Q3 | ttd |
Available For Sale Securities Debt Maturities With In One To Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithInOneToTwoYearsFairValue
|
39260000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
510290000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
15062000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
41259000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
36588000 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1554000 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1407000 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
11863000 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
9207000 | usd | |
us-gaap |
Sublease Income
SubleaseIncome
|
42000 | usd | |
us-gaap |
Sublease Income
SubleaseIncome
|
1769000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
54634000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
45433000 | usd | |
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
128510000 | usd |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
139633000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
365470000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
370186000 | usd | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
10546000 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
62.22 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
4493000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
83.90 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
3233000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
61.41 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
840000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
66.28 | ||
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
10966000 | shares |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
71.03 | |
CY2024Q3 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
|
-14000000 | usd |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
|
-9000000 | usd |
us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
|
-43000000 | usd | |
us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
|
-45000000 | usd | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
ttd |
Number Of Business Activity
NumberOfBusinessActivity
|
1 | businessactivity | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2024Q3 | ttd |
Billings Gross
BillingsGross
|
1 | |
CY2023Q3 | ttd |
Billings Gross
BillingsGross
|
1 | |
ttd |
Billings Gross
BillingsGross
|
1 | ||
ttd |
Billings Gross
BillingsGross
|
1 | ||
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |