TTD · 10-Q · 2026Q2 · Full report

Liquidity and Capital Position

Trade Desk, Inc. · 2026-08-06 · Importance 60 · Surprise 40 · In source text

As of June 30, 2026, working capital was $2.0 billion, including $1.1 billion of cash and cash equivalents and $362 million of short-term marketable securities. International subsidiaries held $92 million of the cash balance. The company generated $545.4 million of operating cash flow during the first six months, up from $456.4 million in the comparable 2025 period. Management stated that cash, short-term investments, operating cash flow, and undrawn revolving capacity were sufficient for working capital, investments, and share repurchases for at least the next 12 months.

Key facts

As of June 30, 2026 working capital: $2.0 billion. source
As of June 30, 2026 cash and cash equivalents: $1.1 billion, of which $92 million was held by international subsidiaries. source
As of June 30, 2026 short-term investments in marketable securities: $362 million. source
The company believes existing cash, cash equivalents, cash flow from operations and undrawn Revolving Facility will be sufficient to meet working capital requirements and investments for at least the next 12 months. source

Impact estimates

metric	direction	stage	expected	basis
assets	positive	realized	—	As of June 30, 2026 working capital: $2.0 billion.
cash	positive	realized	—	As of June 30, 2026 cash and cash equivalents: $1.1 billion, of which $92 million was held by international subsidiaries.