What is the 13F Pro Quality Score for TTD?

13F Pro ranks Trade Desk, Inc. (TTD) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View TTD's current score at https://13fpro.ai/research/TTD (free sign-up required for the full ranking).

Which hedge funds own the most TTD stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of TTD include STATE STREET, BlackRock,, VANGUARD CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/TTD as soon as new 13F filings post.

Where does 13F Pro source TTD data?

All Trade Desk, Inc. fundamentals and ownership data come directly from SEC EDGAR. Trade Desk, Inc. files with the SEC under CIK 1671933. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is TTD in?

Trade Desk, Inc. (TTD) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives TTD's revenue?

Per Trade Desk, Inc.'s latest 10-Q filed with the SEC on 2026-05-07, the biggest revenue drivers are: Platform fees and value-added services revenue ($688.9M, +12% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/TTD.

What are TTD's largest expenses?

Trade Desk, Inc.'s latest 10-Q reports these as the largest expense items: Platform operations ($182.0M, +27% YoY); Sales and marketing ($172.2M, +13% YoY); Technology and development ($142.7M, +8% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is TTD research updated on 13F Pro?

TTD's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Trade Desk, Inc.(TTD)Stock Analysis

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13F Pro Quality Score

72.2/100

Rank #236 of 2,879 stocksTOP 10%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

82.6/100

Profitability

67.9/100

Balance Sheet

69.4/100

Earnings Quality

87.4/100

Free Cash Flow

85.2/100

Institutional Flow

75.2/100

Revenue Scale

67.9/100

Dilution Risk

11.1/100

TTD Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Trade Desk, Inc. (TTD), a Technology sector company. 13F Pro's AI-powered ranking engine scores TTD at 72.2/100 on a 32-signal composite quality model, placing it at rank #236 of 2,879 stocks — the top 10% of the AI-ranked universe. TTD scores in the top quartile across earnings quality (87.4), free cash flow (85.2), revenue growth (82.6). Shareholder dilution risk is elevated at 11.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Trade Desk, Inc. reports quarterly revenue of $688.9M, net income of $40.0M, free cash flow of $279.1M. Top institutional holders of TTD by reported 13-F value include STATE STREET, BlackRock,, 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. Trade Desk, Inc.'s 13F Pro composite quality score has ranged between 8 and 80 since 2021, currently 72.2 — a stable long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about Trade Desk, Inc.

Quirks, history, and lore behind TTD — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology company · mid-cap · listed on Nasdaq · headquartered in Southern California.
2
The Numbers
Annual revenue around $2 billion with a reputation for eye-popping growth rates — and a stock that has swung from penny-stock lows to Wall Street darling in under a decade.
3
The History
Founded in 2009 by a pair of veterans from digital advertising, the company was built on the conviction that buyers of ads — not sellers — deserved a smarter platform.
4
The Secret
It sits entirely on the buy side of programmatic advertising, running a demand-side platform that helps agencies and brands bid on ad inventory across the open internet in real time.
5
The Lore
CEO Jeff Green co-founded the company after selling his previous ad-tech startup to Microsoft, and has become one of the loudest voices arguing that open internet advertising can beat the walled gardens of Google and Meta.
6
The Giveaway
Its ticker is three letters that literally describe what it does — buying and selling ad space — and its platform processes trillions of ad impressions a year from a headquarters most people associate with surfboards, not software.

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What's Driving TTD's Business? Latest 10-Q Breakdown

✓ 19/19 datapoints verified

AI-extracted from Trade Desk, Inc.'s 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenue grew 12% YoY to $688.9M driven by increased platform spend and higher utilization of value-added services, though net income declined 21% to $40M due to higher tax provisions and operating expenses.

Biggest Revenue Drivers

Total revenue: $688.9M+12% YoY

Platform fees and value-added services revenue$688.9M+12% YoY

Increase primarily driven by more overall advertising campaigns by new and existing clients, increased pricing associated with value-added services, higher utilization of value-added services, and higher platform fees.

Largest Expense Items

Platform operations$182.0M+27% YoY

$23M increase in hosting costs from investment in new data centers and AI/ML query support, $11M increase in data-related costs, and $4M increase in personnel costs.

Sales and marketing$172.2M+13% YoY

$18M increase in personnel costs from headcount growth and increased incentive compensation, and $1M increase in marketing campaigns and client engagement.

Technology and development$142.7M+8% YoY

$9M increase in personnel costs attributable to headcount growth for platform development and maintenance.

General and administrative$125.3M-6% YoY

$16M decrease in stock-based compensation primarily from CEO Performance Option vesting schedule, partially offset by $8M increase in personnel costs for headcount growth and severance.

Margins: Operating margin improved slightly to 9.7% from 8.8% YoY despite 12% revenue growth, as platform operations expense increased 27% due to hosting and data costs. Gross margin pressures from rising data center component costs and supplier component costs partially offset by higher value-added service pricing.

Watch Items from the Filing

International revenue grew from 13% to 18% of total revenue YoY; company increasing investments in international sales and product development, which may negatively impact near-term profitability.
CTV and video advertising channels are significant growth drivers but subject to evolving regulatory requirements and channel-specific risks; company heavily dependent on continued growth in these channels.
Three major advertising holding companies represent combined significant portion of revenue; loss of one major holding company could materially reduce revenue if they consolidate or shift platforms.
Multiple securities class action lawsuits filed February-August 2025 alleging insider trading and false statements; motion to dismiss denied March 17, 2026; litigation in early stages with unspecified damages sought.
Data privacy litigation filed March 2025 alleging wiretapping and privacy tort violations; company's motion to dismiss denied December 18, 2025; case in early stages with class certification and unspecified damages sought.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$688.9M

Net Income

Q1 2026

$40.0M

Free Cash Flow

Q1 2026

$279.1M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+18.5% YoY

$2.90BFY 2025

FY22 $1.58BFY23 $1.95BFY24 $2.44BFY25 $2.90B

Net Income

+12.8% YoY

$443.3MFY 2025

FY22 $53.4MFY23 $178.9MFY24 $393.1MFY25 $443.3M

Operating Income

+38.0% YoY

$589.3MFY 2025

FY22 $113.7MFY23 $200.5MFY24 $427.2MFY25 $589.3M

EPS (Diluted)

+15.4% YoY

$0.90FY 2025

FY22 $0.11FY23 $0.36FY24 $0.78FY25 $0.90

Total Assets

+0.7% YoY

$6.15BFY 2025

FY22 $4.38BFY23 $4.89BFY24 $6.11BFY25 $6.15B

Op. Cash Flow

+34.3% YoY

$992.7MFY 2025

FY22 $548.7MFY23 $598.3MFY24 $739.5MFY25 $992.7M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$2.90B +18.5%	$2.44B +25.6%	$1.95B +23.3%	$1.58B +31.9%	$1.20B +43.1%	$836.0M
Net Income	$443.3M +12.8%	$393.1M +119.7%	$178.9M +235.2%	$53.4M -61.2%	$137.8M -43.1%	$242.3M
Operating Income	$589.3M +38.0%	$427.2M +113.1%	$200.5M +76.4%	$113.7M -8.9%	$124.8M -13.4%	$144.2M
EPS (Diluted)	$0.90 +15.4%	$0.78 +116.7%	$0.36 +227.3%	$0.11 -60.7%	$0.28 +471.4%	$0.05
Total Assets	$6.15B +0.7%	$6.11B +25.0%	$4.89B +11.6%	$4.38B +22.5%	$3.58B +29.9%	$2.75B
Operating Cash Flow	$992.7M +34.3%	$739.5M +23.6%	$598.3M +9.0%	$548.7M +45.0%	$378.5M -6.6%	$405.1M

AI Insight: TTD Financial Trends

TTD's Q1 2026 operating margin compressed to 9.7% — its lowest in the observed period — even as operating cash flow hit a record $392M.

• Revenue grew year-over-year in every comparable quarter: Q1 2026 $689M vs Q1 2025 $616M (+11.9%) and Q4 2025 $847M vs Q4 2024 $741M (+14.3%).

• Operating cash flow surged to $392M in Q1 2026, up from $291M in Q1 2025 — the strongest quarterly OCF in the dataset.

• Operating income margin fell to ~9.7% in Q1 2026 ($67M on $689M revenue), well below Q4 2025's ~30.3% and Q1 2025's ~8.8% — the weakest margin observed.

• Equity has declined three consecutive quarters from $2,949M in Q4 2024 to $2,453M in Q1 2026, a cumulative drop of ~$496M.

⚠ Net income dropped to $40M in Q1 2026, the lowest in the dataset, despite $689M revenue — cost structure warrants close scrutiny.

⚠ Persistent equity erosion over five quarters despite profitability suggests share buybacks or other capital returns — confirm sustainability.

⚠ Whether Q1 seasonality-driven margin compression reverses in Q2 2026, as it did from Q1 2025 to Q2 2025, is a key near-term inflection.

AI Insight: TTD Ratio Trends

TTD's Q4 seasonality masks genuine year-over-year improvement, but Q1 2026 profitability compression to 9.7% operating margin warrants close scrutiny.

• Q4 operating margin expanded from 26.4% in Q4 2024 to 30.3% in Q4 2025, signaling improving operational leverage on a like-for-like seasonal basis.

• ROIC surged from 26.5% in Q4 2024 to 41.4% in Q4 2025, the highest reading in the dataset.

• Q1 2026 operating margin of 9.7% and ROIC of 10.9% are consistent with Q1 2025's 8.8% and 8.0%, confirming a recurring seasonal trough pattern.

• NPM fell sharply from 22.1% in Q4 2025 to 5.8% in Q1 2026, the lowest net margin in the observable period.

⚠ Q1 2026 NPM of 5.8% is below Q1 2025's 8.2% — the one year-over-year quarterly margin deterioration in the dataset.

⚠ ROA dropped to 2.8% in Q1 2026 versus 3.5% in Q1 2025; confirm whether asset base growth is outpacing earnings recovery.

⚠ D/E data is absent across all periods; leverage visibility is zero and warrants direct disclosure review.

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Available Research

13F Pro tracks comprehensive data for Trade Desk, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of TTD

STATE STREET CORP
$1.0B44,933,369 sh
BlackRock, Inc.
$851.4M37,521,596 sh
VANGUARD CAPITAL MANAGEMENT LLC
$650.0M28,645,253 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$509.2M22,443,160 sh
TWO SIGMA INVESTMENTS, LP
$321.3M14,161,321 sh
GEODE CAPITAL MANAGEMENT, LLC
$316.6M13,988,728 sh
MORGAN STANLEY
$198.9M8,767,560 sh
GOLDMAN SACHS GROUP INC
$198.0M8,728,294 sh
Invesco Ltd.
$190.1M8,379,187 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$188.2M8,294,800 sh

Fund	Value	Shares
STATE STREET CORP	$1.0B	44,933,369
BlackRock, Inc.	$851.4M	37,521,596
VANGUARD CAPITAL MANAGEMENT LLC	$650.0M	28,645,253
VANGUARD PORTFOLIO MANAGEMENT LLC	$509.2M	22,443,160
TWO SIGMA INVESTMENTS, LP	$321.3M	14,161,321
GEODE CAPITAL MANAGEMENT, LLC	$316.6M	13,988,728
MORGAN STANLEY	$198.9M	8,767,560
GOLDMAN SACHS GROUP INC	$198.0M	8,728,294
Invesco Ltd.	$190.1M	8,379,187
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$188.2M	8,294,800

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Is TTD a good stock to buy?

13F Pro's AI-powered analysis of Trade Desk, Inc. (TTD) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TTD are available on the TTD stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own TTD?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TTD. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Trade Desk, Inc.'s investment landscape.