TTD: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	2.90bn	2.44bn
Cost of revenue	619m	472m
Research and development	525m	463m
Selling, general and administrative	518m	536m
Operating expenses	2.31bn	2.02bn
Operating income	589m	427m
Pre-tax income	659m	507m
Income tax	215m	114m
Net income	443m	393m
Earnings per share	0.91	0.80
Earnings per share, diluted	0.90	0.78
Weighted average shares	488m	491m
Weighted average shares, diluted	494m	502m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	878m	658m	653m	896m	1.12bn	1.37bn	1.22bn	1.01bn
Short-term investments	528m	645m	792m	791m	622m	552m	510m	497m
Receivables	3.32bn	3.77bn	3.48bn	3.25bn	3.05bn	3.33bn	2.99bn	2.91bn
Current assets	4.86bn	5.26bn	5.12bn	5.05bn	4.86bn	5.34bn	4.84bn	4.52bn
Property, plant and equipment	389m	397m	323m	310m	251m	209m	198m	192m
Total assets	5.73bn	6.15bn	5.94bn	5.96bn	5.71bn	6.11bn	5.51bn	5.16bn
Current liabilities	2.89bn	3.27bn	2.99bn	2.95bn	2.68bn	2.87bn	2.62bn	2.52bn
Total liabilities	3.28bn	3.67bn	3.34bn	3.26bn	2.99bn	3.16bn	2.88bn	2.75bn
Equity	2.45bn	2.48bn	2.60bn	2.70bn	2.72bn	2.95bn	2.63bn	2.41bn

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	993m	739m
Depreciation and amortisation	116m	87m
Share-based compensation	491m	495m
Capital expenditure	197m	98m
Investing cash flow	−293m	−158m
Share buybacks	1.38bn	235m
Financing cash flow	−1.41bn	−108m