TTD · 10-Q · 2026Q2 · Full report
Capital Expenditures
Trade Desk, Inc. · 2026-08-06 · Importance 65 · Surprise 48 · From source text
Trade Desk’s primary investing activities include property and equipment for hosting-capability expansion and capitalized software for platform development. During the six months ended June 30, 2026, it spent $126 million on property and equipment and $7 million on capitalized software, compared with $104 million and $6 million, respectively, in the prior-year period. Management says capital expenditures may fluctuate with liquidity and investment priorities and that hosting-related spending is exposed to rising data-center component prices.
Key facts
- For the six months ended June 30, 2026 cash provided by (used in) investing activities: $164,919 (in thousands) provided. source
- For the six months ended June 30, 2026 cash provided by investing activities primarily resulted from $283 million of net maturities and sales of short-term investments and $16 million of proceeds from the sale of property and equipment, partially offset by $126 million to purchase property and equipment and $7 million of investments in capitalized software. source
- Capital expenditures for the six months ended June 30, 2026 included $126 million to purchase property and equipment and $7 million of investments in capitalized software. source
- For the six months ended June 30, 2025 net cash provided by (used in) investing activities: $(346,155) (in thousands). source
- For the six months ended June 30, 2025 investing activities included $232 million of net purchases of short-term investments, $104 million to purchase property and equipment, $6 million of investments in capitalized software and $4 million for acquisition of certain assets accounted for as a business combination. source
- This change is accounted for prospectively effective April 1, 2026. source
- As a result of an analysis completed in the second quarter of 2026, the company changed the estimated useful lives of certain of its data center computing and networking equipment to better reflect the estimated periods during which these assets will remain in service, as the company expects longer refresh cycles for these assets. source
- The estimated useful lives of certain computing and networking equipment that previously were 3 years were increased to 4 years. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +8.9% | For the six months ended June 30, 2026 cash provided by (used in) investing activities: $164,919 (in thousands) provided. |
| assets | positive | realized | +2.3% | Capital expenditures for the six months ended June 30, 2026 included $126 million to purchase property and equipment and $7 million of… |
| cash | negative | realized | -2.3% | Capital expenditures for the six months ended June 30, 2026 included $126 million to purchase property and equipment and $7 million of… |