TTD · 8-K · 20260806PR000085
Free Cash Flow and Liquidity
Trade Desk, Inc. · 2026-08-06 · Importance 42 · Surprise 14 · In source text
Cash provided by operating activities increased 19% year over year to $545.4 million in the first half of 2026 from $456.4 million. Cash and cash equivalents increased to $1.123 billion at June 30, 2026 from $658.2 million at December 31, 2025, while short-term investments declined to $362.4 million from $644.9 million. Accounts receivable declined to $3.201 billion from $3.770 billion, and total liabilities declined to $3.190 billion from $3.669 billion.
Key facts
- Cash and cash equivalents—End of period as of June 30, 2026: $1,122,979,000. source
- Cash and cash equivalents—Beginning of period for the six months ended June 30, 2026: $658,175,000. source
- Increase in cash and cash equivalents for the six months ended June 30, 2026: $464,804,000. source
- Short-term investments, net as of June 30, 2026: $362,354,000. source
- Accounts receivable, net as of June 30, 2026: $3,200,824,000. source
- Total current assets as of June 30, 2026: $4,815,827,000. source
- Total liabilities as of June 30, 2026: $3,190,094,000. source
- Net cash provided by operating activities for the six months ended June 30, 2026: $545,399,000. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | — | Increase in cash and cash equivalents for the six months ended June 30, 2026: $464,804,000. |
| assets | positive | realized | — | Total current assets as of June 30, 2026: $4,815,827,000. |
| liability | negative | realized | — | Total liabilities as of June 30, 2026: $3,190,094,000. |