AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue grew just 3% YoY to $715.1M as gross spend from existing clients declined, while net income fell 29% YoY to $64.4M on rising operating expenses.
Biggest Revenue Drivers
United States83% of revenuevs 86% in Q2 FY2025
Revenue by principal geographic area based on the address of clients or client affiliates
International17% of revenuevs 14% in Q2 FY2025
Share of revenue from international clients increased year over year
Biggest Revenue Drivers
Total revenue: $715.1M+3% YoY
United States83% of revenuevs 86% in Q2 FY2025
Revenue by principal geographic area based on the address of clients or client affiliates
International17% of revenuevs 14% in Q2 FY2025
Share of revenue from international clients increased year over year
Largest Expense Items
Platform operations$184.3M+22% YoY
Increases of $18M in supplier-provided components costs, $8M in hosting costs and $3M in personnel costs
Sales and marketing$174.4M+8% YoY
Increases of $11M in personnel costs (incentive comp, headcount) and $3M in marketing costs
Technology and development$140.7M+5% YoY
Increases of $4M in personnel costs and $2M in third-party costs from increased use of AI software tools
General and administrative$114.0M-13% YoY
$20M decrease in stock-based compensation as CEO Performance Option expense was fully recognized, partially offset by higher personnel costs
Margins: Operating margin compressed to 14% of revenue from 17% a year ago as total operating expenses rose to 86% of revenue (from 83%), led by higher platform operations costs (hosting, supplier components) and sales & marketing spend outpacing revenue growth.
Watch Items from the Filing
If individual agency relationships were aggregated at the holding company level, two holding companies each represented more than 10% of gross billings for 2025.
Consolidated securities class action (alleging false/misleading statements, Nov 2023–Aug 2025 class period) survived a motion to dismiss on March 17, 2026, with trial set for May 16, 2028.
Revenue increase was primarily driven by new clients, partially offset by a decrease in gross spend from existing clients, a deceleration versus historical growth.
Google is described as one of the company's largest advertising inventory suppliers while also being a direct competitor, creating dependency and conflict-of-interest risk.
Company entered a new $750M Revolving Facility (April 2026, extendable to $1.5B) with $745M available and undrawn as of June 30, 2026, extending liquidity runway to 2031.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Cunningham Andrea LeeDirectorGrant or award · May 4, 2026
Tawakol OmarDirectorGrant or award · May 4, 2026
Congress trading in TTD
38 transactions in TTD reported by 9 members of Congress under the STOCK Act, most recent trade Sep 18, 2026. Reported transactions, not recommendations.
About Trade Desk, Inc. (TTD): stock profile, AI score and financials
Trade Desk, Inc. (TTD) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores TTD at 71.2/100 on a composite quality score built from its SEC filings, placing it at rank #187 of 2,925 stocks — the top 10% of the AI-ranked universe. TTD scores in the top quartile across free cash flow (83.0), earnings quality (78.0), revenue growth (77.3). Shareholder dilution risk is elevated at 10.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Trade Desk, Inc. reports quarterly revenue of $715.1M, net income of $64.4M, an operating margin of 14.2%. Top institutional holders of TTD by reported 13-F value include BlackRock, STATE STREET, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. TTD trades on the Nasdaq exchange and files with the SEC under CIK 1671933. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TTD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Trade Desk, Inc. directly from SEC EDGAR.