The Trade Desk, Inc.
49.96-1.71 (-3.31%)
Oct 29, 4:00:01 PM EDT · NasdaqGM · TTD · USD
Key Stats
Market Cap
24.43BP/E (TTM)
60.19Basic EPS (TTM)
0.83Dividend Yield
0%Recent Filings
8-K
Stockholders extend Class B conversion
The Trade Desk's stockholders approved an amendment to its articles of incorporation on September 16, 2025, extending the automatic conversion of Class B common stock to Class A until December 22, 2035, while waiving jury trials for internal actions to align with Nevada law. The board simultaneously adopted amended bylaws empowering the lead independent director to call special meetings of independent directors. This dual-stock structure persists longer. Governance sharpens amid legal updates.
8-K
CFO transition at Trade Desk
The Trade Desk announced on August 7, 2025, that CFO Laura Schenkein will step down effective August 21, 2025, remaining through year-end to ensure a smooth handover. Board member Alex Kayyal, 41, with prior roles at Salesforce and Lightspeed Venture Partners, succeeds her, bringing investor and executive expertise to steer financial strategy amid growth. His package includes $600,000 base salary, matching bonus, $600,000 signing bonus, $400,000 relocation, and $15.0 million in equity. Kayyal stays on the board. This shift bolsters scaling efforts, yet demands quick integration.
10-Q
Q2 FY2025 results
The Trade Desk posted solid Q2 results, with revenue up 19% year-over-year to $694M, fueled by higher gross spend and more campaigns from existing clients, while operating income climbed 23% to $117M on tighter expense controls. Gross margins held steady around 78%, but net income edged up just 6% to $90M, pressured by a $16M jump in tax provisions from lower stock-based award benefits. Diluted EPS of $0.18 matched last year's, with shares outstanding dipping slightly to 496K. Cash from operations surged to $456M for the half-year, though $657M in buybacks trimmed cash to $896M; the $450M revolver remains fully available. A small acquisition added minor assets for $4M cash and $10M stock. Yet ongoing securities class actions pose litigation risks.
8-K
TTD Q2 revenue up 19%
The Trade Desk reported Q2 2025 revenue of $694 million, up 19% year-over-year, with net income at $90 million and adjusted EBITDA of $271 million, while customer retention held over 95%. The board expanded to eight members, appointing Omar Tawakol effective August 11, 2025, to bolster AI and data expertise amid platform innovations like Kokai and OpenPath. Yet, stock repurchases hit $261 million. Q3 guidance projects revenue of at least $717 million.
8-K
Annual meeting results approved
The Trade Desk's stockholders convened their 2025 annual meeting on May 27, electing Lise J. Buyer and Kathryn E. Falberg as Class III directors for three-year terms amid strong support, with Buyer receiving 584.8 million votes for and Falberg 679.6 million. They approved the 2025 Incentive Award Plan by a 534.2 million to 187.9 million margin, advisory say-on-pay compensation, and ratified PricewaterhouseCoopers as auditors with near-unanimous backing of 788.1 million votes. Votes tallied from 411.8 million shares, representing a quorum. Governance stays steady.
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