| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 39,997 | 186,950 | 115,547 | 90,129 |
| Depreciation and amortization expense | 31,431 | 31,960 | 33,135 | 26,704 |
| Stock-based compensation expense | 109,046 | 112,173 | 121,316 | 128,885 |
| Deferred income taxes | NaN | 49,527 | 118,163 | NaN |
| Noncash lease expense | 18,640 | 18,448 | 16,981 | 17,291 |
| Provision for expected credit losses on accounts receivable | 3,020 | NaN | 321 | 685 |
| Other | -6,302 | 5,396 | -58 | 2,023 |
| Accounts receivable | -429,285 | 283,665 | 229,086 | 202,303 |
| Prepaid expenses and other current and non-current assets | -58,531 | -14,988 | 73,293 | 38,299 |
| Accounts payable | -279,385 | 170,692 | 140,220 | 214,827 |
| Accrued expenses and other current and non-current liabilities | -8,951 | 33,724 | -2,717 | -53,186 |
| Operating lease liabilities | -17,117 | -16,314 | -15,959 | -17,697 |
| Net cash provided by operating activities | 391,805 | 311,589 | 224,686 | 165,013 |
| Purchases of investments | 122,061 | 128,063 | 248,376 | 346,254 |
| Maturities of investments | 238,297 | 278,341 | 251,293 | 181,006 |
| Purchases of property and equipment | 112,741 | 26,323 | 66,336 | 45,239 |
| Capitalized software development costs | 3,029 | 3,659 | 3,354 | 3,079 |
| Business acquisition | 0 | 0 | 0 | 0 |
| Net cash provided by (used in) investing activities | 466 | 120,296 | -66,773 | -213,566 |
| Repurchases of class a common stock | 163,514 | 422,882 | 310,447 | 260,843 |
| Proceeds from exercise of stock options | 2,094 | 3,531 | 6,202 | 6,145 |
| Proceeds from employee stock purchase plan | NaN | 10,435 | -4 | 32,450 |
| Taxes paid relating to net settlement of restricted stock | 10,649 | 17,928 | 22,678 | 25,596 |
| Proceeds from short-term borrowings | NaN | NaN | NaN | 74,239 |
| Net cash used in financing activities | -172,069 | -426,844 | -401,166 | -173,605 |
| Increase (decrease) in cash and cash equivalents | 220,202 | 5,041 | -243,253 | -222,158 |
| Cash and cash equivalentsbeginning of period | 658,175 | 716,329 | 473,076 | 250,918 |
| Cash and cash equivalentsend of period | 878,377 | 5,041 | -243,253 | -222,158 |
Trade Desk, Inc. (TTD)
Trade Desk, Inc. (TTD)