← Trade Desk, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $202.9m | $308.2m | $477.3m | $661.1m | $836.0m | $1.2b | $1.6b | $1.9b | $2.4b | $2.9b | |
| Cost of Revenue | $113.2m | $180.4m | $114.1m | $156.2m | $178.8m | $221.6m | $281.1m | $365.6m | $472.0m | $619.1m | |
| Gross Profit (Calculated) (derived) | $89.7m | $127.8m | $363.2m | $504.9m | $657.2m | $974.9m | $1.3b | $1.6b | $2.0b | $2.3b | |
| Operating expenses: | |||||||||||
| Operating Income (Loss) | $57.5m | $69.4m | $107.3m | $112.2m | $144.2m | $124.8m | $113.7m | $200.5m | $427.2m | $589.3m | |
| Additional Financial Items | |||||||||||
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | $7.0m | $14.0m | $16.0m | $15.0m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($1.2m) | ($3.9m) | ($1.9m) | ($695k) | ($961k) | ($1.8m) | $961k | ($993k) | $1.3m | $717k | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $677.7m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $43.8m | $63.6m | $105.7m | $116.2m | $143.9m | $122.0m | $127.4m | $268.0m | $507.3m | $658.8m | |
| Investment Income, Net | — | — | — | — | — | — | — | — | $80.4m | $70.5m | |
| Net Income (Loss) Attributable to Parent | $20.5m | $50.8m | $88.1m | $108.3m | $242.3m | $137.8m | $53.4m | $178.9m | $393.1m | $443.3m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($26.7m) | $50.8m | $88.1m | $108.3m | $242.3m | $137.8m | $53.4m | $178.9m | $393.1m | $443.3m | |
| Earnings Per Share, Basic | ($0.15) | $0.13 | $0.21 | $0.24 | $0.52 | $0.29 | $0.11 | $0.37 | $0.80 | $0.91 | |
| Earnings Per Share, Diluted | ($0.15) | $0.11 | $0.19 | $0.23 | $0.49 | $0.28 | $0.11 | $0.36 | $0.78 | $0.90 | |
| Weighted Average Number of Shares Outstanding, Basic | 182.8m | 402.6m | 424.4m | 445.3m | 462.9m | 476.9m | 486.9m | 489.3m | 490.9m | 488.3m | |
| Weighted Average Number of Shares Outstanding, Diluted | 182.8m | 440.6m | 457.9m | 478.1m | 489.9m | 498.5m | 499.9m | 500.2m | 501.9m | 493.6m | |
| Other income (expense): | |||||||||||
| Research and Development Expense | $27.3m | $52.8m | $83.9m | $116.8m | $166.7m | $226.1m | $319.9m | $411.8m | $463.3m | $525.1m | |
| Selling and Marketing Expense | $46.1m | $61.4m | $87.1m | $132.9m | $174.7m | $249.3m | $338.0m | $448.0m | $546.5m | $644.3m | |
| General and Administrative Expense | $32.2m | $58.4m | $84.9m | $143.0m | $171.6m | $374.7m | $525.2m | $520.3m | $535.8m | $518.5m | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $1.5m | $1.8m | |
| Costs and Expenses | $145.4m | $238.9m | $370.0m | $548.9m | $691.8m | $1.1b | $1.5b | $1.7b | $2.0b | $2.3b | |
| Current Income Tax Expense (Benefit) | $24.0m | $14.4m | $22.7m | $18.4m | ($67.2m) | $2.4m | $99.8m | $149.9m | $189.6m | $42.7m | |
| Interest Expense | $3.1m | $1.8m | $1.6m | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $23.4m | $12.8m | $17.6m | $7.9m | ($98.4m) | ($15.7m) | $74.0m | $89.1m | $114.2m | $215.5m | |
| Nonoperating Income (Expense) | ($13.7m) | ($5.7m) | ($1.6m) | $4.0m | ($305k) | ($2.8m) | $13.7m | $67.5m | $80.1m | $69.4m | |
| Interest Income (Expense), Net | — | — | — | $4.7m | $656k | ($1.0m) | $12.8m | $68.5m | $78.8m | $68.7m | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | — | — | — | $78.8m | $68.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.