Trade Desk 10-Q: Q2 2024 Financials Filed
Ticker: TTD · Form: 10-Q · Filed: 2024-08-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, reporting
Related Tickers: TTD
TL;DR
TTD Q2 2024 10-Q is in - check financials for ad tech performance.
AI Summary
The Trade Desk, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial figures and business segment information are presented, reflecting the company's ongoing activities in the digital advertising technology sector.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for The Trade Desk, crucial for understanding the company's trajectory in the programmatic advertising market.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the underlying business of digital advertising can be subject to market fluctuations and regulatory changes.
Key Players & Entities
- Trade Desk, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240808 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 8, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0001671933.
What is the Standard Industrial Classification (SIC) code for Trade Desk, Inc.?
The SIC code for Trade Desk, Inc. is 7370, which falls under SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
What is the company's state of incorporation?
Trade Desk, Inc. is incorporated in Delaware (DE).
Filing Stats: 4,591 words · 18 min read · ~15 pages · Grade level 15.4 · Accepted 2024-08-08 17:02:58
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-20240630.htm (10-Q) — 945KB
- a101-2024tradedeskemployee.htm (EX-10.1) — 139KB
- q2202410-qex311.htm (EX-31.1) — 10KB
- q2202410-qex312.htm (EX-31.2) — 10KB
- q2202410-qex321.htm (EX-32.1) — 7KB
- ttd-20240630_g1.jpg (GRAPHIC) — 116KB
- 0001671933-24-000090.txt ( ) — 4939KB
- ttd-20240630.xsd (EX-101.SCH) — 25KB
- ttd-20240630_cal.xml (EX-101.CAL) — 44KB
- ttd-20240630_def.xml (EX-101.DEF) — 126KB
- ttd-20240630_lab.xml (EX-101.LAB) — 454KB
- ttd-20240630_pre.xml (EX-101.PRE) — 289KB
- ttd-20240630_htm.xml (XML) — 434KB
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 23 Item 4.
Controls and Procedures
Controls and Procedures 24 Part II. OTHER INFORMATION 25 Item 1.
Legal Proceedings
Legal Proceedings 25 Item 1A.
Risk Factors
Risk Factors 25 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 51 Item 5. Other Information 51 Item 6. Exhibits 52
Signatures
Signatures 53 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 June 30, 2024 As of December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,009,363 $ 895,129 Short-term investments, net 497,168 485,159 Accounts receivable, net of allowance for credit losses of $ 10,576 and $ 12,826 as of June 30, 2024 and December 31, 2023, respectively 2,905,533 2,870,313 Prepaid expenses and other current assets 110,776 63,353 TOTAL CURRENT ASSETS 4,522,840 4,313,954 Property and equipment, net 191,912 161,422 Operating lease assets 229,411 197,732 Deferred income taxes 154,849 154,849 Other assets, non-current 60,910 60,730 TOTAL ASSETS $ 5,159,922 $ 4,888,687 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES Current liabilities: Accounts payable $ 2,336,589 $ 2,317,318 Accrued expenses and other current liabilities 120,218 137,996 Operating lease liabilities 61,579 55,524 TOTAL CURRENT LIABILITIES 2,518,386 2,510,838 Operating lease liabilities, non-current 202,769 180,369 Other liabilities, non-current 33,361 33,261 TOTAL LIABILITIES 2,754,516 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 June 30, 2024 and December 31, 2023 — — Common stock, par value $ 0.000001 Class A, 1,000,000 shares authorized; 447,681 and 444,997 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively Class B, 95,000 shares authorized; 43,919 and 43,919 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively — — Additional paid-in capital 2,217,043 1,967,265 Retained earnings 188,363 196,954 TOTAL STOCKHOLDERS' EQUITY 2,405,406 2,164,219 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,159,922 $ 4,888,687 The accompanying Notes to Condensed Consolidated Financ