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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- 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: liabilities and stockholders’ equity (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).
The liabilities and stockholders’ equity of the company demonstrate notable fluctuations over the observed period, spanning from March 31, 2021, to December 31, 2025. A general upward trend is apparent in both total liabilities and total stockholders’ equity, though with varying degrees of consistency across components.
- Current Liabilities
- Current liabilities exhibited a consistent increase from approximately US$1.26 billion in March 2021 to US$2.51 billion in December 2023, before decreasing to US$3.27 billion by December 2025. Accounts payable consistently represent the largest portion of current liabilities, increasing from US$1.14 billion to US$3.01 billion over the period. Accrued expenses and other current liabilities also increased, though at a slower rate, while operating lease liabilities (current portion) showed a more moderate, steady increase. The significant jump in current liabilities between 2023 and 2025 warrants further investigation.
- Non-Current Liabilities
- Non-current liabilities showed a more moderate increase overall, rising from US$255 million in March 2021 to US$403 million in December 2025. Operating lease liabilities (non-current) constitute the majority of this category, with a gradual increase throughout the period. Other non-current liabilities experienced a more substantial increase towards the end of the observed timeframe, rising from US$9 million to US$43 million.
- Stockholders’ Equity
- Stockholders’ equity increased from US$1.08 billion in March 2021 to US$2.48 billion in December 2025. The primary driver of this increase is additional paid-in capital, which more than doubled from US$587 million to US$3.08 billion. Retained earnings, however, experienced a significant shift, moving from a positive US$497 million in March 2021 to a negative US$591 million by December 2025. This suggests substantial net losses in recent periods offsetting prior accumulated profits. Common stock and accumulated other comprehensive income remained relatively stable, with minimal values reported throughout the period.
- Total Liabilities and Stockholders’ Equity
- The combined total of liabilities and stockholders’ equity increased from US$2.60 billion in March 2021 to US$6.15 billion in December 2025. This growth is primarily attributable to the increases observed in both total liabilities and additional paid-in capital, despite the decline in retained earnings. The substantial increase in the final years of the period suggests significant financial activity, potentially related to funding growth initiatives or acquisitions.
In summary, the company’s balance sheet reflects a growing financial scale, characterized by increasing liabilities and stockholders’ equity. The shift in retained earnings from positive to negative, coupled with the substantial rise in accounts payable and total liabilities, suggests a need for careful monitoring of the company’s profitability and liquidity positions.