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

	Jun 30, 2026	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	1,122,979)	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	362,354)	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	3,200,824)	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	129,670)	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	4,815,827)	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	455,151)	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	335,228)	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)	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	102,540)	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	948,619)	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	5,764,446)	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 exhibit a sustained long-term growth trajectory, increasing from 2.60 billion US dollars in March 2021 to a peak of 6.15 billion US dollars in December 2025, before settling at 5.76 billion US dollars by June 2026. This expansion is primarily driven by a substantial increase in current assets, which consistently comprise the vast majority of the company's asset base.

Liquidity and Cash Management: Cash and cash equivalents grew steadily from 471.6 million US dollars in early 2021 to a high of 1.37 billion US dollars in December 2024. However, a notable contraction occurred throughout 2025, with levels dropping to 653.1 million US dollars by June 2025, followed by a recovery to 1.12 billion US dollars by June 2026. Concurrently, short-term investments showed a general upward trend from 208.4 million US dollars in March 2021 to a peak of 792.3 million US dollars in June 2025, though this position was reduced to 362.4 million US dollars by June 2026.
Accounts Receivable Trends: Accounts receivable represent the most significant component of the asset portfolio and demonstrate the most aggressive growth. This item rose from 1.37 billion US dollars in March 2021 to 3.77 billion US dollars in December 2025. While a slight decline occurred in the first half of 2026, the balance remains substantially higher than historical levels, indicating a significant increase in credit extended to customers as the business scaled.
Non-Current Asset Expansion: Non-current assets increased from 432.6 million US dollars in March 2021 to 948.6 million US dollars in June 2026. A primary driver of this growth is the investment in property and equipment, which rose from 115.9 million US dollars to 455.2 million US dollars over the period. Operating lease assets also showed a gradual increase, moving from 237.9 million US dollars to 335.2 million US dollars, reflecting expanded operational infrastructure.
Other Asset Fluctuations: Deferred income taxes exhibited significant volatility, peaking at 230.2 million US dollars in December 2024 before dropping sharply to a stable 55.7 million US dollars from March 2025 through June 2026. Other non-current assets maintained a gradual upward trend, growing from 28.6 million US dollars in March 2021 to 102.5 million US dollars in June 2026.

The overall asset structure reveals a business that is highly liquid but increasingly reliant on the collection of accounts receivable. The transition in the latter part of the period shows a shift in the allocation of liquid assets between cash and short-term investments, while the steady rise in property and equipment suggests ongoing capital investment in the company's physical or technical infrastructure.

Trade Desk Inc. (NASDAQ:TTD)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Trade Desk Inc. (NASDAQ:TTD)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data