Trade Desk, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Trade Desk, Inc. has filed its quarterly report (10-Q) for the period ending March 31, 2024.</b>

AI Summary

Trade Desk, Inc. (TTD) filed a Quarterly Report (10-Q) with the SEC on May 10, 2024. Trade Desk, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of 2024. The company's fiscal year ends on December 31. Trade Desk, Inc. is incorporated in Delaware. The filing was made on May 10, 2024.

Why It Matters

For investors and stakeholders tracking Trade Desk, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance and operational updates for Trade Desk, Inc. during the first quarter of 2024. As a public document, it allows for scrutiny of the company's financial health, strategic direction, and adherence to regulatory requirements.

Risk Assessment

Risk Level: low — Trade Desk, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to understand Trade Desk's Q1 2024 performance and outlook.

Key Numbers

• 2024-03-31 — Period End Date (Conformed period of report)
• 2024-05-10 — Filing Date (Filed as of date)
• 12-31 — Fiscal Year End (Fiscal year end)
• 2024 — Reporting Year (Q1 2024 filing)

Key Players & Entities

• Trade Desk, Inc. (company) — Filer of the 10-Q report
• 2024-03-31 (date) — Conformed period of report
• 2024-05-10 (date) — Filed as of date
• DE (jurisdiction) — State of incorporation
• 7370 (sic_code) — Standard Industrial Classification code
• 001-37879 (sec_file_number) — SEC file number
• 42 N. CHESTNUT STREET (address) — Business address street 1
• VENTURA (city) — Business address city

FAQ

Industry Context

Trade Desk operates in the digital advertising technology sector, providing a platform for advertisers to purchase digital ad inventory.

Regulatory Implications

The filing is a standard quarterly report (10-Q) required by the Securities and Exchange Commission (SEC) for publicly traded companies.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow for Q1 2024.
2. Review any management discussion and analysis (MD&A) for insights into business performance and future outlook.
3. Check for any new risk factors or legal proceedings disclosed in the filing.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-10: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal quarter ending March 31, 2024, following the previous 10-K filing for the fiscal year ending December 31, 2023.

Key Financial Figures

• $0.000001 — stered Class A Common Stock, par value $0.000001 per share TTD The Nasdaq Stock Market L

Filing Documents

• ttd-20240331.htm (10-Q) — 833KB
• a101-sjacobsonemploymentag.htm (EX-10.1) — 143KB
• q1202410-qex311.htm (EX-31.1) — 10KB
• q1202410-qex312.htm (EX-31.2) — 10KB
• q1202410-qex321.htm (EX-32.1) — 7KB
• ttd-20240331_g1.jpg (GRAPHIC) — 116KB
• 0001671933-24-000059.txt (&nbsp;) — 4613KB
• ttd-20240331.xsd (EX-101.SCH) — 26KB
• ttd-20240331_cal.xml (EX-101.CAL) — 43KB
• ttd-20240331_def.xml (EX-101.DEF) — 131KB
• ttd-20240331_lab.xml (EX-101.LAB) — 441KB
• ttd-20240331_pre.xml (EX-101.PRE) — 285KB
• ttd-20240331_htm.xml (XML) — 360KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 22 Item 4.

Controls and Procedures

Controls and Procedures 22 Part II. OTHER INFORMATION 24 Item 1.

Legal Proceedings

Legal Proceedings 24 Item 1A.

Risk Factors

Risk Factors 24 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 50 Item 5. Other Information 50 Item 6. Exhibits 51

Signatures

Signatures 52 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements THE TRADE DESK, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except par values) (Unaudited) As of March 31, 2024 As of December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 918,200 $ 895,129 Short-term investments, net 501,360 485,159 Accounts receivable, net of allowance for credit losses of $ 12,852 and $ 12,826 as of March 31, 2024 and December 31, 2023, respectively 2,619,280 2,870,313 Prepaid expenses and other current assets 57,579 63,353 TOTAL CURRENT ASSETS 4,096,419 4,313,954 Property and equipment, net 150,551 161,422 Operating lease assets 201,859 197,732 Deferred income taxes 154,849 154,849 Other assets, non-current 60,119 60,730 TOTAL ASSETS $ 4,663,797 $ 4,888,687 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES Current liabilities: Accounts payable $ 2,094,855 $ 2,317,318 Accrued expenses and other current liabilities 131,287 137,996 Operating lease liabilities 57,208 55,524 TOTAL CURRENT LIABILITIES 2,283,350 2,510,838 Operating lease liabilities, non-current 180,456 180,369 Other liabilities, non-current 33,436 33,261 TOTAL LIABILITIES 2,497,242 2,724,468 Commitments and contingencies (Note 11) STOCKHOLDERS' EQUITY Preferred stock, par value $ 0.000001 ; 100,000 shares authorized, zero shares issued and outstanding as of March 31, 2024 and December 31, 2023 — — Common stock, par value $ 0.000001 Class A, 1,000,000 shares authorized; 444,809 and 444,997 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively Class B, 95,000 shares authorized; 43,919 and 43,919 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively — — Additional paid-in capital 2,063,311 1,967,265 Retained earnings 103,244 196,954 TOTAL STOCKHOLDERS' EQUITY 2,166,555 2,164,219 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,663,797 $ 4,888,687 The accompanying Notes to Condensed Consolidated Fina