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.
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Operating Profit Margin since 2016
- Current Ratio since 2016
- Debt to Equity since 2016
- Total Asset Turnover since 2016
- Price to Operating Profit (P/OP) since 2016
- Price to Book Value (P/BV) since 2016
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Trade Desk Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Cash and Cash Equivalents
- The balance increased steadily from approximately $325 million in March 2020 to over $1 billion by December 2022, reflecting improved liquidity. However, from the peak at the end of 2022, there is notable volatility with declines reaching approximately $653 million by September 2025, indicating fluctuations in cash reserves.
- Short-Term Investments, Net
- Short-term investments display a gradual upward trend, starting near $121 million in early 2020 and growing to about $792 million by the third quarter of 2025. This growth suggests increasing allocation of liquid assets into short-term instruments, enhancing return potential on excess cash.
- Accounts Receivable, Net
- Accounts receivable show overall expansion from about $948 million in March 2020, peaking around $3.47 billion in the last quarter of 2025. The substantial increase may suggest growth in sales or revenue, but also raises considerations about collection efficiency and credit management over this timeframe.
- Prepaid Expenses and Other Current Assets
- This item exhibits fluctuations within the range of approximately $48 million to $196 million throughout the period, with no clear long-term trend. The variability might be influenced by timing of payments or changes in operational activities.
- Current Assets
- Current assets steadily increased from about $1.44 billion at the beginning of 2020 to an approximate peak of $5.34 billion by March 2025. This growth reflects expanding liquidity and working capital, consistent with overall asset growth and business scaling.
- Property and Equipment, Net
- The net value of property and equipment increased moderately over the period, rising from approximately $79 million in early 2020 to around $323 million by September 2025. The increments indicate ongoing investment in fixed assets, supporting operational capacity and infrastructure development.
- Operating Lease Assets
- Operating lease assets remained relatively stable, fluctuating between $197 million and $287 million. While there are variations, the lack of a strong directional trend implies steady lease holdings without major expansions or reductions.
- Deferred Income Taxes
- Deferred income taxes increased from about $19 million in March 2020 to a high near $230 million in early 2025, then declined sharply to approximately $110 million by the third quarter of 2025. This pattern points to changes in tax positions, possibly influenced by varying profitability or tax strategies.
- Other Non-current Assets
- Other non-current assets showed gradual growth from around $27 million to nearly $100 million by late 2025, indicating incremental investments in long-term resources beyond core fixed assets.
- Non-current Assets (Total)
- The aggregate of non-current assets increased from approximately $325 million in early 2020 to a peak of about $904 million by mid-2025, evidencing steady capital asset accumulation over time.
- Total Assets
- Total assets grew substantially from around $1.77 billion in March 2020 to a high exceeding $6.11 billion in March 2025, with some declines towards mid and late 2025. The overall growth reflects significant expansion of the company’s asset base, supported by increases in both current and non-current assets.