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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- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Income Statement
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2016
- Return on Assets (ROA) since 2016
- Total Asset Turnover since 2016
- Price to Earnings (P/E) since 2016
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Trade Desk Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 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).
Total assets exhibited a generally increasing trend over the observed period, though with some fluctuations. Beginning at approximately $2.60 billion in March 2021, total assets rose to $3.58 billion by December 2021. A slight decrease was noted in the first quarter of 2022, followed by a recovery and further growth, peaking at $6.11 billion in December 2024. A subsequent decline was observed in the first half of 2025, settling at approximately $6.15 billion by June 2025.
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrated significant volatility. Starting at $471.64 million in March 2021, the balance increased substantially to $754.15 million by December 2021, and continued to rise to $1.37 billion in December 2024. A notable decrease occurred in the first half of 2025, falling to $896.39 million by June 2025, and $653.13 million by September 2025. This suggests potential shifts in liquidity management or investment strategies.
- Short-Term Investments
- Short-term investments generally increased over the period, mirroring some of the trends observed in cash. Beginning at $208.45 million in March 2021, these investments rose to $416.08 million by December 2021. Continued growth was seen through December 2024, reaching $552.03 million, before increasing further to $790.87 million in June 2025. A decrease to $644.88 million was observed by December 2025.
- Accounts Receivable
- Accounts receivable consistently represented the largest component of current assets and exhibited a strong upward trend. From $1.37 billion in March 2021, it increased to $2.02 billion by December 2021, and continued to climb, reaching $3.77 billion by December 2025. This sustained growth suggests increasing sales or changes in credit terms. The rate of increase appeared to accelerate in the latter half of the period.
- Current Assets
- Driven largely by the growth in accounts receivable, current assets increased from $2.17 billion in March 2021 to $5.26 billion by December 2025. The growth was not linear, with some quarterly fluctuations, but the overall trajectory was strongly positive. The increase in current assets outpaced the growth in total assets, indicating a greater reliance on short-term assets.
- Non-Current Assets
- Non-current assets also increased over the period, though at a slower pace than current assets. Starting at $432.55 million in March 2021, they rose to $775.49 million by December 2024, before decreasing to $892.22 million by December 2025. The composition of non-current assets shifted, with property and equipment, operating lease assets, and deferred income taxes all contributing to the overall change. Deferred income taxes experienced a significant increase in late 2022 and early 2023.
The combined effect of these trends resulted in a substantial increase in total assets over the analyzed timeframe. The significant growth in accounts receivable, coupled with fluctuations in cash and short-term investments, warrants further investigation into the company’s working capital management and revenue recognition policies.