Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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- Cash Flow Statement
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2016
- Debt to Equity since 2016
- Total Asset Turnover since 2016
- Price to Book Value (P/BV) since 2016
- Aggregate Accruals
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Trade Desk Inc., consolidated balance sheet: liabilities and stockholders’ equity (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).
- Accounts Payable
- The accounts payable demonstrated a generally upward trajectory over the periods, increasing from approximately $663 million at the beginning to about $2.76 billion by the end of the timeline. Notably, there were intermittent periods of sharp increases, particularly during the last four quarters, indicating possibly accelerated procurement or delayed payments.
- Accrued Expenses and Other Current Liabilities
- This item showed moderate fluctuations, increasing overall from around $48 million to $160 million. Despite some short-term volatility, the broader trend indicates a gradual rise, which may reflect growth in accrued obligations or administrative costs.
- Operating Lease Liabilities, Current
- Current operating lease liabilities increased steadily from $22.5 million to $73.1 million. The consistent rise over time suggests expanding lease commitments or reevaluation of lease terms, which aligns with possible business expansion or new leases.
- Current Liabilities
- Current liabilities exhibited significant growth, rising from $734 million to nearly $3 billion. This trend corroborates the increase in accounts payable and accrued expenses and reflects an overall increase in short-term financial obligations.
- Operating Lease Liabilities, Non-Current
- Non-current operating lease liabilities decreased initially from about $205 million to $180 million, then increased to approximately $303 million towards the end. The initial decline followed by subsequent growth may be associated with the extension or addition of long-term lease agreements.
- Debt, Net
- Net debt was reported only in the early periods with figures around $143 million, dropping to $72 million before ceasing to be reported, possibly indicating repayment or refinancing activities that eliminated or reclassified the debt.
- Other Liabilities, Non-Current
- Other non-current liabilities increased steadily, from $11 million to around $42 million. This steady rise suggests growing long-term obligations that could include deferred liabilities or other long-term commitments.
- Non-Current Liabilities
- The total non-current liabilities showed a slight overall decline initially, from approximately $359 million to around $214 million, with a subsequent steady increase reaching $345 million by the end. This suggests variability in long-term obligations possibly due to lease adjustments and other factors.
- Total Liabilities
- Total liabilities grew substantially over the observation period, from about $1.09 billion to approximately $3.34 billion. This increase reflects growing short-term and long-term liabilities, consistent with business scaling or increased financing activities.
- Additional Paid-in Capital
- This balance increased significantly from $418 million to nearly $3 billion, indicating sustained capital raises or equity issuances, essential for supporting the capital structure and growth initiatives.
- Accumulated Other Comprehensive Income
- Reported only early in the period, this item had minor values, implying minimal impact on overall equity or infrequent adjustments from foreign currency translation or other comprehensive income components.
- Retained Earnings (Accumulated Deficit)
- Retained earnings fluctuated over time, initially increasing up to $612 million, then trending downward sharply to negative balances near -$364 million in the later quarters. This trend reflects periods of profitability followed by significant losses or large distributions impacting accumulated earnings.
- Stockholders’ Equity
- Overall equity increased from approximately $674 million to a peak near $2.95 billion before declining in later periods to around $2.6 billion. This pattern suggests capital accumulation counterbalanced by net losses or other equity reductions in recent periods.
- Total Liabilities and Stockholders’ Equity
- The total financing sources grew markedly, more than tripling from approximately $1.77 billion to nearly $6 billion, indicating substantial growth in both liabilities and equity to finance expanding business activities.