TTD · 10-Q · 2026Q2

Trade Desk, Inc.

Filed 2026-08-06 · Technology · View original filing on EDGAR

Ranked Events

• Revolving Credit FacilityImportance 89 · Surprise 82
  On April 14, 2026, Trade Desk amended and restated its credit agreement, increasing the revolving facility to $750 million from the prior $450 million facility. The facility includes $100 million of letter-of-credit…
• Capital ExpendituresImportance 65 · Surprise 48
  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…
• Liquidity and Capital PositionImportance 60 · Surprise 40
  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…
• Operating Income and MarginsImportance 59 · Surprise 48
  Second-quarter income from operations declined to $101.6 million from $116.8 million, while six-month income from operations declined to $168.2 million from $171.2 million. Net income fell 29% to $64.4 million in the…
• Platform Operations ExpenseImportance 59 · Surprise 48
  Platform operations expense increased 22% year over year to $184.3 million in the second quarter of 2026 and increased 25% to $366.3 million for the first six months. Six-month growth included $31 million of additional…
• Capital Return ProgramImportance 58 · Surprise 42
  In February 2026, the board authorized an additional $350 million under the existing share-repurchase program, increasing total authorization available for future repurchases to $500 million. Trade Desk repurchased and…
• Contractual ObligationsImportance 56 · Surprise 24
  Total non-cancelable contractual obligations were $939.1 million as of June 30, 2026. Operating lease commitments accounted for $762.2 million, including $44.5 million due during the remainder of 2026 and $717.7…
• Operating Cash Flow TrendsImportance 54 · Surprise 40
  Operating cash flow increased to $545.4 million in the first six months of 2026 from $456.4 million in the prior-year period. The 2026 operating-asset contribution was $127 million, driven by a $548 million decrease in…
• Operating Expense TrendsImportance 54 · Surprise 40
  Sales and marketing expense increased 8% to $174.4 million in the second quarter and 10% to $346.6 million for the six months ended June 30, 2026. Six-month sales and marketing personnel costs increased $29 million due…
• AI Infrastructure InvestmentImportance 52 · Surprise 42
  Trade Desk expects platform operations expense to rise as queries per second and media impressions purchased increase and as it invests in hosting capabilities supporting new platform functionality and growing AI and…
• Advertising Demand TrendsImportance 49 · Surprise 32
  Trade Desk’s revenue growth was driven primarily by increased gross spend on its platform, with more advertising campaigns executed by new clients in the second quarter and by new and existing clients during the first…
• Revenue Performance and MixImportance 49 · Surprise 32
  Revenue increased 3% year over year to $715.1 million in the second quarter of 2026 and increased 7% to $1.404 billion for the six months ended June 30, 2026. Second-quarter growth primarily reflected more campaigns…
• Other Income TrendsImportance 46 · Surprise 56
  Total other income, net decreased $5 million in the second quarter and $14 million for the six months ended June 30, 2026. Six-month other income declined to $23.8 million from $37.7 million as interest income fell…
• Guidance and OutlookImportance 40 · Surprise 42
  Management expects platform operations and technology-and-development expenses to continue increasing as it invests in hosting, platform enhancements, AI and machine learning, additional advertising inventory and data…
• Hosting Capacity and SupplyImportance 40 · Surprise 42
  Higher use of the platform to query ad opportunities and purchase impressions, including through AI and machine-learning capabilities, is increasing hosting requirements. Trade Desk is investing in new data centers and…
• Geographic Market CommentaryImportance 31 · Surprise 42
  Trade Desk identifies markets outside the United States, particularly Europe and Asia, as growth opportunities. Management specifically names the U.K., Germany, France, China, Japan, India and Australia and intends to…
• Macroeconomic Factors ImpactImportance 29 · Surprise 24
  Trade Desk states that changes in interest rates, foreign-currency exchange rates, trade policies, inflation and geopolitical developments have contributed to a global slowdown that could reduce demand for clients’…
• Income Tax Rate ChangesImportance 26 · Surprise 24
  The provision for income taxes increased $6 million in the second quarter and $19 million for the six months ended June 30, 2026. The six-month increase occurred despite lower pre-tax profitability because employee…
• Distribution ChannelsImportance 23 · Surprise 24
  Trade Desk expands the volume and type of inventory available to buyers through supply-side partner and publisher integrations. The company specifically identifies connected television, audio, and other advertising…
• Customer DynamicsImportance 20 · Surprise 24
  Clients include advertising agencies, advertisers, and service providers that support agencies or advertisers, generally under ongoing master services agreements. Recent campaign growth came from new clients and, over…