Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Paying user area
Try for free
Trade Desk Inc. pages available for free this week:
- Common-Size Income Statement
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2016
- Return on Assets (ROA) since 2016
- Total Asset Turnover since 2016
- Price to Operating Profit (P/OP) since 2016
- Price to Book Value (P/BV) since 2016
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Trade Desk Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Trade Desk Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The capital structure exhibits a consistent reliance on current liabilities, which predominantly consist of accounts payable. Total liabilities have fluctuated between 51% and 60% of the total balance sheet over the analyzed period, indicating a relatively stable leverage ratio, although a slight upward trend in the proportion of liabilities is observed toward the end of 2025.
- Current Liability Composition
- Accounts payable represents the most significant component of the balance sheet, consistently accounting for over 40% of total liabilities and stockholders' equity. This figure peaked at 48.88% in December 2025, suggesting a heavy reliance on trade credit to fund operations. Accrued expenses and other current liabilities have remained relatively low and stable, generally ranging between 2% and 4%.
- Non-Current Liability Trends
- A general reduction in non-current liabilities is evident, moving from 9.79% in March 2021 to a low of 4.37% in December 2023. This decline was primarily driven by a reduction in the proportion of non-current operating lease liabilities. However, a modest recovery in non-current liabilities is noted through March 2026, rising back to 6.81%.
- Equity Structure and Capitalization
- There is a pronounced divergence between the components of stockholders' equity. Additional paid-in capital has grown substantially, increasing from 22.57% in March 2021 to 55.43% by March 2026, indicating significant external capital infusions. Conversely, retained earnings have transitioned from a positive position of 19.10% in March 2021 to an accumulated deficit of -12.64% by March 2026.
- Overall Equity Position
- Despite the growing accumulated deficit, total stockholders' equity has remained relatively resilient, fluctuating between 40% and 48% for much of the period. The expansion of additional paid-in capital has effectively offset the decline in retained earnings, maintaining the company's overall equity cushion.