The Trade Desk, Inc.
TTDUSThe Trade Desk, Inc. is a global technology company that provides a self-service, cloud-based platform. This platform enables advertising buyers to efficiently create, manage, and optimize data-driven digital ad campaigns across diverse formats and channels, including display, video, audio, native, and social media, reaching audiences on computers, mobile devices, and connected TVs. In addition to the platform, the company offers various data and value-added services. Their primary clients are advertising agencies and other service providers who represent advertisers. The Trade Desk was founded in 2009 and is headquartered in Ventura, California.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Application Software
- Sub-sector
- Marketing & Advertising Software
- Listing
- TTD
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 32% | 23% | 26% | 18% | 10% | 10% |
| Revenue | $1.20B | $1.58B | $1.95B | $2.44B | $2.90B | $3.18B | $3.49B |
| Gross Profit | $975M | $1.30B | $1.59B | $1.97B | $2.28B | — | — |
| Gross Profit Margin | 81.5% | 82.2% | 81.5% | 80.7% | 78.6% | — | — |
| EBITDA | $165M | $183M | $348M | $595M | $775M | $1.35B | $1.48B |
| EBITDA Margin | 13.8% | 11.6% | 17.9% | 24.3% | 26.7% | 42.4% | 42.4% |
| EBIT | $125M | $114M | $200M | $427M | $589M | $1.22B | $1.33B |
| Net Income | $138M | $53M | $179M | $393M | $443M | $465M | $571M |
| Free Cash Flow | $319M | $457M | $543M | $632M | $787M | — | — |
| FCF Margin | 26.6% | 29.0% | 27.9% | 25.9% | 27.2% | — | — |
| Short-Term Debt | $0M | $0M | $0M | $0M | $76M | — | — |
| Long-Term Debt | $0M | $0M | $0M | $0M | $0M | — | — |
| Cash & Cash Equivalents | $754M | $1.03B | $895M | $1.37B | $658M | — | — |
| Net Debt | ($754M) | ($1.03B) | ($895M) | ($1.37B) | ($582M) | — | — |
| Net Debt / EBITDA | -4.6x | -5.6x | -2.6x | -2.3x | -0.8x | — | — |
| Rule of 40 | — | 60.8% | 51.3% | 51.5% | 45.6% | — | — |