Trade Desk Files Q3 2024 10-Q
Ticker: TTD · Form: 10-Q · Filed: 2024-11-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, financials
TL;DR
Trade Desk's Q3 2024 10-Q is in. Check financials for programmatic ad tech performance.
AI Summary
The Trade Desk, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third 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 inherently carry medium risk due to the detailed financial and operational information that can impact stock valuation.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
- 2024-11-07 — Filing Date (The date the report was officially submitted to the SEC.)
Key Players & Entities
- Trade Desk, Inc. (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of reporting period
- 2024-11-07 (date) — Filing date
FAQ
What is the primary purpose of this 10-Q filing?
This 10-Q filing provides the quarterly financial and operational report for The Trade Desk, Inc. for the period ending September 30, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on November 7, 2024.
What fiscal period does this 10-Q cover?
This 10-Q filing covers the fiscal period ending September 30, 2024.
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.
Where is Trade Desk, Inc. incorporated?
Trade Desk, Inc. is incorporated in Delaware (DE).
Filing Stats: 4,579 words · 18 min read · ~15 pages · Grade level 16.5 · Accepted 2024-11-07 17:07:24
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-20240930.htm (10-Q) — 1003KB
- q3202410-qex311.htm (EX-31.1) — 10KB
- q3202410-qex312.htm (EX-31.2) — 10KB
- q3202410-qex321.htm (EX-32.1) — 7KB
- ttd-20240930_g1.jpg (GRAPHIC) — 116KB
- 0001671933-24-000122.txt ( ) — 4931KB
- ttd-20240930.xsd (EX-101.SCH) — 26KB
- ttd-20240930_cal.xml (EX-101.CAL) — 44KB
- ttd-20240930_def.xml (EX-101.DEF) — 131KB
- ttd-20240930_lab.xml (EX-101.LAB) — 461KB
- ttd-20240930_pre.xml (EX-101.PRE) — 294KB
- ttd-20240930_htm.xml (XML) — 458KB
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 September 30, 2024 As of December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,221,475 $ 895,129 Short-term investments, net 510,290 485,159 Accounts receivable, net of allowance for credit losses of $ 11,237 and $ 12,826 as of September 30, 2024 and December 31, 2023, respectively 2,989,387 2,870,313 Prepaid expenses and other current assets 117,221 63,353 TOTAL CURRENT ASSETS 4,838,373 4,313,954 Property and equipment, net 197,973 161,422 Operating lease assets 242,431 197,732 Deferred income taxes 154,849 154,849 Other assets, non-current 71,699 60,730 TOTAL ASSETS $ 5,505,325 $ 4,888,687 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES Current liabilities: Accounts payable $ 2,409,773 $ 2,317,318 Accrued expenses and other current liabilities 142,459 137,996 Operating lease liabilities 62,858 55,524 TOTAL CURRENT LIABILITIES 2,615,090 2,510,838 Operating lease liabilities, non-current 230,355 180,369 Other liabilities, non-current 34,130 33,261 TOTAL LIABILITIES 2,879,575 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 September 30, 2024 and December 31, 2023 — — Common stock, par value $ 0.000001 Class A, 1,000,000 shares authorized; 449,528 and 444,997 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively Class B, 95,000 shares authorized; 43,919 and 43,919 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively — — Additional paid-in capital 2,397,100 1,967,265 Retained earnings 228,650 196,954 TOTAL STOCKHOLDERS' EQUITY 2,625,750 2,164,219 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,505,325 $ 4,888,687 The accompanying Notes to Cond