Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Trade Desk Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash and cash equivalents	878,377)	658,175)	653,134)	896,387)	1,118,545)	1,369,463)	1,221,475)	1,009,363)	918,200)	895,129)	1,071,764)	965,831)	892,702)	1,030,506)	994,656)	932,683)	844,223)	754,154)	576,916)	476,907)	471,637)
Short-term investments, net	527,538)	644,882)	792,313)	790,874)	621,826)	552,026)	510,290)	497,168)	501,360)	485,159)	450,117)	465,113)	437,730)	416,080)	326,745)	280,459)	260,347)	204,625)	221,685)	228,150)	208,446)
Accounts receivable, net of allowance for credit losses	3,323,673)	3,770,194)	3,478,338)	3,254,908)	3,051,928)	3,330,343)	2,989,387)	2,905,533)	2,619,280)	2,870,313)	2,434,047)	2,346,070)	2,086,332)	2,347,195)	2,026,929)	1,902,504)	1,760,985)	2,020,720)	1,624,759)	1,527,651)	1,368,668)
Prepaid expenses and other current assets	132,075)	187,753)	196,501)	111,546)	64,036)	84,626)	117,221)	110,776)	57,579)	63,353)	57,878)	54,749)	59,101)	51,836)	67,033)	80,531)	89,784)	112,150)	92,557)	114,558)	121,398)
Current assets	4,861,663)	5,261,004)	5,120,286)	5,053,715)	4,856,335)	5,336,458)	4,838,373)	4,522,840)	4,096,419)	4,313,954)	4,013,806)	3,831,763)	3,475,865)	3,845,617)	3,415,363)	3,196,177)	2,955,339)	3,091,649)	2,515,917)	2,347,266)	2,170,149)
Property and equipment, net	389,385)	396,819)	322,507)	309,975)	251,019)	209,332)	197,973)	191,912)	150,551)	161,422)	152,863)	159,805)	170,454)	173,759)	166,078)	139,214)	130,640)	135,856)	137,416)	124,809)	115,914)
Operating lease assets	326,285)	342,042)	287,104)	269,309)	279,039)	263,761)	242,431)	229,411)	201,859)	197,732)	208,583)	212,088)	212,042)	220,396)	230,917)	225,380)	228,991)	234,091)	242,436)	245,674)	237,917)
Deferred income taxes	55,700)	55,700)	110,514)	228,948)	228,948)	230,214)	154,849)	154,849)	154,849)	154,849)	94,028)	94,028)	94,028)	94,028)	67,640)	66,689)	73,548)	68,244)	46,405)	45,124)	50,168)
Other assets, non-current	101,351)	97,655)	99,990)	95,862)	90,100)	72,186)	71,699)	60,910)	60,119)	60,730)	51,152)	49,284)	47,249)	46,879)	43,956)	45,286)	44,203)	47,500)	46,581)	30,075)	28,551)
Non-current assets	872,721)	892,216)	820,115)	904,094)	849,106)	775,493)	666,952)	637,082)	567,378)	574,733)	506,626)	515,205)	523,773)	535,062)	508,591)	476,569)	477,382)	485,691)	472,838)	445,682)	432,550)
Total assets	5,734,384)	6,153,220)	5,940,401)	5,957,809)	5,705,441)	6,111,951)	5,505,325)	5,159,922)	4,663,797)	4,888,687)	4,520,432)	4,346,968)	3,999,638)	4,380,679)	3,923,954)	3,672,746)	3,432,721)	3,577,340)	2,988,755)	2,792,948)	2,602,699)

Total assets experienced a sustained upward trajectory over the analyzed period, growing from approximately 2.60 billion US dollars in March 2021 to a peak of 6.15 billion US dollars in December 2025, before settling at 5.73 billion US dollars by March 2026. This growth was primarily driven by a substantial increase in current assets, which consistently represented the vast majority of the company's asset base.

Liquidity and Cash Management: Cash and cash equivalents exhibited significant growth and volatility, rising from 471.6 million US dollars in March 2021 to a peak of 1.37 billion US dollars in December 2024. A notable contraction occurred throughout 2025, with balances dropping to 653.1 million US dollars by September 2025, followed by a recovery to 878.4 million US dollars in March 2026. Short-term investments followed a general growth pattern, peaking at 792.3 million US dollars in June 2025 before declining to 527.5 million US dollars by the end of the period.
Accounts Receivable Trends: Net accounts receivable emerged as the most consistent driver of asset expansion. Values climbed steadily from 1.37 billion US dollars in March 2021 to 3.32 billion US dollars in March 2026. The persistent increase in receivables suggests a significant scaling of operational volume and credit-based revenue generation over the five-year span.
Non-Current Asset Evolution: Non-current assets grew from 432.6 million US dollars in March 2021 to 872.7 million US dollars in March 2026. This growth was largely supported by an increase in property and equipment, net, which rose from 115.9 million US dollars to 389.4 million US dollars. Operating lease assets remained relatively stable, fluctuating between 197.7 million and 342.0 million US dollars, indicating a consistent approach to leased infrastructure.
Deferred Tax Assets and Other Components: Deferred income taxes showed erratic movement, peaking at 230.2 million US dollars in December 2024 before a sharp decline to 55.7 million US dollars by December 2025. Other non-current assets grew modestly from 28.6 million US dollars to 101.4 million US dollars, while prepaid expenses and other current assets remained a minor component of the balance sheet, though they experienced a temporary spike in mid-2025.

The overall asset structure indicates a lean, high-growth profile where the majority of capital is tied up in liquid assets and receivables. The shift in late 2024 and 2025, characterized by a peak in total assets followed by a moderate decline, suggests a period of reallocation or increased capital expenditure as evidenced by the rising property and equipment balances.

Trade Desk Inc. (NASDAQ:TTD)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Trade Desk Inc. (NASDAQ:TTD)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data