Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Trade Desk Inc., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue	694,039)	616,021)	741,012)	628,016)	584,550)	491,253)	605,797)	493,266)	464,254)	382,803)	490,737)	394,773)	376,962)	315,323)	395,598)	301,091)	279,967)	219,811)	319,905)	216,113)	139,355)	160,660)
Platform operations	(150,980)	(142,839)	(135,267)	(122,656)	(110,459)	(103,630)	(100,695)	(93,382)	(86,654)	(84,867)	(79,619)	(70,124)	(67,490)	(63,890)	(66,845)	(53,400)	(50,809)	(50,500)	(51,645)	(44,826)	(42,133)	(40,208)
Gross profit	543,059)	473,182)	605,745)	505,360)	474,091)	387,623)	505,102)	399,884)	377,600)	297,936)	411,118)	324,649)	309,472)	251,433)	328,753)	247,691)	229,158)	169,311)	268,260)	171,287)	97,222)	120,452)
Sales and marketing	(161,131)	(152,743)	(150,629)	(140,296)	(133,867)	(121,725)	(126,793)	(112,466)	(111,489)	(97,222)	(92,829)	(85,038)	(89,420)	(70,688)	(72,501)	(59,278)	(61,755)	(55,764)	(58,740)	(44,637)	(37,071)	(34,294)
Technology and development	(134,251)	(132,402)	(127,893)	(117,705)	(110,035)	(107,686)	(102,004)	(117,772)	(98,308)	(93,710)	(84,479)	(79,915)	(83,483)	(71,999)	(62,836)	(55,847)	(53,536)	(53,918)	(48,723)	(41,079)	(40,058)	(36,794)
General and administrative	(130,900)	(133,585)	(131,914)	(138,878)	(135,469)	(129,555)	(131,867)	(131,969)	(126,130)	(130,312)	(133,650)	(130,892)	(134,826)	(125,799)	(218,777)	(52,120)	(51,919)	(51,845)	(54,365)	(42,789)	(35,865)	(38,598)
Income (loss) from operations	116,777)	54,452)	195,309)	108,481)	94,720)	28,657)	144,438)	37,677)	41,673)	(23,308)	100,160)	28,804)	1,743)	(17,053)	(25,361)	80,446)	61,948)	7,784)	106,432)	42,782)	(15,772)	10,766)
Interest income (expense), net	18,035)	20,132)	24,956)	19,408)	17,817)	16,661)	18,952)	17,626)	17,507)	14,423)	11,434)	1,741)	656)	(1,076)	(474)	(317)	(194)	(45)	(84)	(235)	158)	817)
Foreign currency exchange gain (loss), net	(1,611)	1,185)	1,334)	(711)	(45)	715)	(2,714)	1,697)	747)	(723)	526)	(43)	(317)	795)	(747)	(1,153)	(204)	353)	613)	12)	(352)	(1,234)
Other income (expense), net	16,424)	21,317)	26,290)	18,697)	17,772)	17,376)	16,238)	19,323)	18,254)	13,700)	11,960)	1,698)	339)	(281)	(1,221)	(1,470)	(398)	308)	529)	(223)	(194)	(417)
Income (loss) before income taxes	133,201)	75,769)	221,599)	127,178)	112,492)	46,033)	160,676)	57,000)	59,927)	(9,608)	112,120)	30,502)	2,082)	(17,334)	(26,582)	78,976)	61,550)	8,092)	106,961)	42,559)	(15,966)	10,349)
(Provision for) benefit from income taxes	(43,072)	(25,091)	(39,370)	(33,020)	(27,463)	(14,373)	(63,353)	(17,648)	(26,988)	18,934)	(40,933)	(14,633)	(21,155)	2,736)	34,621)	(19,592)	(13,853)	14,550)	44,941)	(1,312)	41,077)	13,708)
Net income (loss)	90,129)	50,678)	182,229)	94,158)	85,029)	31,660)	97,323)	39,352)	32,939)	9,326)	71,187)	15,869)	(19,073)	(14,598)	8,039)	59,384)	47,697)	22,642)	151,902)	41,247)	25,111)	24,057)

Revenue: The revenue shows a generally increasing trend over the periods analyzed. Starting at $160.7 million in March 2020, revenue peaks in December 2024 at $741.0 million, reflecting substantial growth over five years. There are fluctuations within quarters, but the overall trajectory is upward, indicating expanding business activity.
Platform Operations: Platform operations costs consistently increase in magnitude, reflecting rising expenses as the company grows. Starting at approximately -$40.2 million in March 2020, these costs escalate to about -$151.0 million by June 2025. This steady increase aligns with revenue growth and suggests higher investments or operational scale-up.
Gross Profit: Gross profit follows the revenue trend and increases notably from $120.5 million in March 2020 to a peak of $605.7 million in December 2024. Despite increasing platform operation costs, the gross profit growth points to effective margin management or pricing strategies, with a clear expansion in profitability on a gross basis.
Sales and Marketing: Sales and marketing expenses show a rising pattern throughout the periods, growing from -$34.3 million in March 2020 to -$161.1 million in June 2025. This increasing spend likely reflects efforts to support revenue growth and maintain market presence, though the growth rate in these expenses slightly outpaces early revenue gains.
Technology and Development: Technology and development costs steadily increase from -$36.8 million to -$134.3 million over the analyzed periods. The rising investment in this area indicates continuous focus on product or platform enhancement, which is typical for technological firms aiming to remain competitive.
General and Administrative Expenses: These expenses exhibit irregular behavior, with a notable spike to -$218.8 million in December 2021, before stabilizing around -$130 million to -$135 million in subsequent quarters. The December 2021 anomaly may suggest a one-time charge or restructuring cost. Afterward, general and administrative costs remain relatively stable despite revenue growth.
Income (Loss) from Operations: Operating income shows considerable volatility. It begins at $10.8 million in March 2020, dips into negative territory several times (notably in December 2021), but generally trends upward, reaching $195.3 million in December 2024. This trend reflects improving operational efficiency or scaling benefits, offsetting rising operating expenses in later periods.
Interest Income (Expense), Net: This item generally stays positive and increases over time, from $0.8 million in March 2020 to roughly $25.0 million by December 2024. This suggests effective cash management or investment income that supports overall profitability.
Foreign Currency Exchange Gain (Loss), Net: Foreign currency exchange fluctuations show variability without a clear trend, oscillating between gains and losses across quarters. The impacts, while noticeable, remain relatively minor in absolute magnitude compared to other items.
Other Income (Expense), Net: Other income increases significantly during the periods, starting near -$0.4 million and reaching approximately $26.3 million by December 2024. This rise indicates growing non-operating income sources, which may include investments, settlements, or other gains contributing positively to financial results.
Income (Loss) before Income Taxes: This measure follows the pattern of operating income, with fluctuation but a general increase from $10.3 million to $221.6 million. The broad upward movement highlights improving profitability before tax influences.
(Provision for) Benefit from Income Taxes: Income tax provisions vary significantly, with both positive and negative values suggesting fluctuations in taxable income and effective tax rates. Large swings imply the influence of deferred taxes, tax credits, or adjustments affecting net income.
Net Income (Loss): Net income demonstrates high variability, with strong performance in several quarters (e.g., $151.9 million in December 2020 and $182.2 million in December 2024). Some quarters show losses, particularly in early 2022. The overall trend indicates growth in net earnings correlating with increased revenues and operational improvements, despite some intermittent challenges.

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Trade Desk Inc. (NASDAQ:TTD)

Income Statement Quarterly Data

Income Statement
Quarterly Data