Trade Desk Inc
NASDAQ:TTD
Income Statement
Earnings Waterfall
Trade Desk Inc
Income Statement
Trade Desk Inc
| Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
1
|
2
|
2
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
|
| Revenue |
114
N/A
|
126
+11%
|
149
+18%
|
173
+16%
|
203
+17%
|
226
+11%
|
252
+11%
|
278
+10%
|
308
+11%
|
341
+10%
|
380
+12%
|
419
+10%
|
477
+14%
|
513
+7%
|
560
+9%
|
606
+8%
|
661
+9%
|
701
+6%
|
680
-3%
|
732
+8%
|
836
+14%
|
895
+7%
|
1 036
+16%
|
1 121
+8%
|
1 197
+7%
|
1 292
+8%
|
1 389
+8%
|
1 483
+7%
|
1 578
+6%
|
1 645
+4%
|
1 733
+5%
|
1 831
+6%
|
1 946
+6%
|
2 055
+6%
|
2 175
+6%
|
2 310
+6%
|
2 445
+6%
|
2 570
+5%
|
2 679
+4%
|
2 791
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(23)
|
(26)
|
(30)
|
(34)
|
(40)
|
(45)
|
(51)
|
(58)
|
(66)
|
(77)
|
(88)
|
(100)
|
(114)
|
(125)
|
(134)
|
(144)
|
(156)
|
(163)
|
(170)
|
(174)
|
(179)
|
(189)
|
(198)
|
(206)
|
(222)
|
(235)
|
(252)
|
(268)
|
(281)
|
(302)
|
(321)
|
(345)
|
(366)
|
(384)
|
(408)
|
(437)
|
(472)
|
(511)
|
(552)
|
(591)
|
|
| Gross Profit |
91
N/A
|
100
+10%
|
120
+19%
|
139
+16%
|
163
+17%
|
181
+11%
|
200
+11%
|
220
+10%
|
242
+10%
|
264
+9%
|
292
+11%
|
320
+9%
|
363
+14%
|
388
+7%
|
427
+10%
|
461
+8%
|
505
+9%
|
538
+7%
|
511
-5%
|
558
+9%
|
657
+18%
|
706
+7%
|
838
+19%
|
915
+9%
|
975
+7%
|
1 057
+8%
|
1 137
+8%
|
1 214
+7%
|
1 297
+7%
|
1 343
+4%
|
1 411
+5%
|
1 487
+5%
|
1 581
+6%
|
1 670
+6%
|
1 767
+6%
|
1 872
+6%
|
1 973
+5%
|
2 058
+4%
|
2 127
+3%
|
2 199
+3%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(53)
|
(63)
|
(74)
|
(88)
|
(106)
|
(125)
|
(139)
|
(156)
|
(173)
|
(187)
|
(208)
|
(232)
|
(256)
|
(285)
|
(318)
|
(353)
|
(393)
|
(421)
|
(441)
|
(467)
|
(513)
|
(565)
|
(619)
|
(658)
|
(850)
|
(957)
|
(1 098)
|
(1 226)
|
(1 183)
|
(1 236)
|
(1 264)
|
(1 330)
|
(1 380)
|
(1 418)
|
(1 461)
|
(1 496)
|
(1 546)
|
(1 605)
|
(1 652)
|
(1 672)
|
|
| Selling, General & Administrative |
(40)
|
(47)
|
(56)
|
(66)
|
(78)
|
(92)
|
(100)
|
(110)
|
(120)
|
(127)
|
(141)
|
(155)
|
(172)
|
(193)
|
(216)
|
(245)
|
(276)
|
(293)
|
(302)
|
(316)
|
(346)
|
(381)
|
(422)
|
(446)
|
(624)
|
(713)
|
(823)
|
(928)
|
(863)
|
(894)
|
(908)
|
(936)
|
(968)
|
(992)
|
(1 024)
|
(1 058)
|
(1 082)
|
(1 117)
|
(1 140)
|
(1 149)
|
|
| Research & Development |
(13)
|
(15)
|
(18)
|
(22)
|
(27)
|
(33)
|
(40)
|
(45)
|
(53)
|
(60)
|
(67)
|
(77)
|
(84)
|
(92)
|
(102)
|
(108)
|
(117)
|
(128)
|
(139)
|
(151)
|
(167)
|
(184)
|
(197)
|
(212)
|
(226)
|
(244)
|
(274)
|
(298)
|
(320)
|
(342)
|
(356)
|
(394)
|
(412)
|
(426)
|
(438)
|
(437)
|
(463)
|
(488)
|
(512)
|
(522)
|
|
| Operating Income |
38
N/A
|
38
-1%
|
46
+21%
|
52
+13%
|
58
+12%
|
56
-3%
|
61
+8%
|
64
+5%
|
69
+8%
|
77
+11%
|
84
+8%
|
88
+5%
|
107
+22%
|
103
-4%
|
109
+6%
|
109
0%
|
112
+3%
|
117
+5%
|
70
-41%
|
91
+30%
|
144
+59%
|
141
-2%
|
219
+55%
|
257
+17%
|
125
-51%
|
100
-20%
|
40
-60%
|
(12)
N/A
|
114
N/A
|
107
-6%
|
147
+37%
|
156
+6%
|
200
+28%
|
252
+26%
|
306
+21%
|
376
+23%
|
427
+14%
|
453
+6%
|
475
+5%
|
528
+11%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(8)
|
(13)
|
(13)
|
(18)
|
(14)
|
(9)
|
(9)
|
(6)
|
(6)
|
(6)
|
(6)
|
(3)
|
(2)
|
(1)
|
1
|
3
|
4
|
4
|
2
|
0
|
(0)
|
0
|
0
|
(1)
|
(3)
|
(3)
|
(3)
|
1
|
14
|
28
|
46
|
63
|
68
|
71
|
71
|
70
|
80
|
84
|
83
|
82
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
30
N/A
|
25
-16%
|
32
+30%
|
34
+4%
|
44
+30%
|
47
+7%
|
52
+10%
|
59
+14%
|
64
+9%
|
72
+13%
|
78
+9%
|
84
+8%
|
106
+25%
|
102
-4%
|
110
+8%
|
112
+2%
|
116
+4%
|
121
+4%
|
72
-41%
|
91
+26%
|
144
+59%
|
142
-2%
|
219
+55%
|
256
+17%
|
122
-52%
|
97
-21%
|
37
-62%
|
(11)
N/A
|
127
N/A
|
135
+6%
|
193
+43%
|
219
+14%
|
268
+22%
|
324
+21%
|
376
+16%
|
446
+19%
|
507
+14%
|
537
+6%
|
558
+4%
|
610
+9%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(14)
|
(12)
|
(16)
|
(18)
|
(23)
|
(20)
|
(14)
|
(14)
|
(12)
|
(16)
|
(22)
|
(18)
|
(18)
|
(13)
|
(13)
|
(15)
|
(8)
|
1
|
48
|
51
|
98
|
99
|
44
|
26
|
16
|
4
|
(4)
|
2
|
(74)
|
(58)
|
(64)
|
(67)
|
(89)
|
(122)
|
(123)
|
(138)
|
(114)
|
(125)
|
(141)
|
(172)
|
|
| Income from Continuing Operations |
16
|
13
|
17
|
16
|
21
|
26
|
38
|
44
|
51
|
56
|
56
|
66
|
88
|
89
|
98
|
97
|
108
|
122
|
120
|
141
|
242
|
241
|
263
|
282
|
138
|
101
|
34
|
(10)
|
53
|
77
|
129
|
153
|
179
|
201
|
253
|
308
|
393
|
412
|
417
|
439
|
|
| Net Income (Common) |
9
N/A
|
(35)
N/A
|
(37)
-7%
|
(38)
-1%
|
(27)
+29%
|
19
N/A
|
35
+88%
|
44
+26%
|
51
+15%
|
55
+8%
|
55
+1%
|
66
+18%
|
88
+35%
|
89
+1%
|
98
+10%
|
97
-1%
|
108
+12%
|
122
+13%
|
120
-2%
|
141
+18%
|
242
+71%
|
241
-1%
|
263
+9%
|
282
+7%
|
138
-51%
|
101
-27%
|
34
-66%
|
(10)
N/A
|
53
N/A
|
77
+45%
|
129
+67%
|
153
+18%
|
179
+17%
|
201
+12%
|
253
+26%
|
308
+22%
|
393
+28%
|
412
+5%
|
417
+1%
|
439
+5%
|
|
| EPS (Diluted) |
0.03
N/A
|
-0.31
N/A
|
-0.24
+23%
|
-0.09
+63%
|
-0.07
+22%
|
0.05
N/A
|
0.07
+40%
|
0.09
+29%
|
0.12
+33%
|
0.12
N/A
|
0.12
N/A
|
0.14
+17%
|
0.19
+36%
|
0.18
-5%
|
0.2
+11%
|
0.2
N/A
|
0.23
+15%
|
0.26
+13%
|
0.25
-4%
|
0.29
+16%
|
0.49
+69%
|
0.49
N/A
|
0.54
+10%
|
0.58
+7%
|
0.28
-52%
|
0.21
-25%
|
0.07
-67%
|
-0.02
N/A
|
0.11
N/A
|
0.14
+27%
|
0.25
+79%
|
0.3
+20%
|
0.36
+20%
|
0.41
+14%
|
0.51
+24%
|
0.62
+22%
|
0.78
+26%
|
0.82
+5%
|
0.83
+1%
|
0.88
+6%
|
|