Skip to content
OpenCapital
Get started

The Trade Desk TTD Q4 2025 Annual earnings

Reported February 25, 2026 · After market close

Revenue$846.8MBeat by $6.2MDiluted EPS$0.39Beat by $0.05
Revenue estimate$840.6M
EPS estimate$0.34

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$752.6M
EPS estimate$0.41

Financials

Q4 2025

Income statement

See full
Revenue$846.8M+14.3%
Gross profit$683.7M+12.9%
Operating income$256.9M+31.5%
Net income$187.0M+2.6%
EPS (diluted)$0.38+5.6%

Balance sheet

See full
Cash & equivalents$658.2M-51.9%
Total debt$436.3M+39.8%
Total equity$2.5B-15.8%
Total assets$6.2B+0.7%

Cash flow

See full
Operating cash flow$311.6M+56.3%
CapEx$26.3M+30.4%
Free cash flow$285.3M+59.2%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$18.36B-68.4%
Enterprise value$18.14B-68.2%
P/E41.4×-106×
P/S6.3×-17.4×

Profitability

See full
Gross margin78.6%-2.1pp
Operating margin20.3%+2.9pp
Net margin15.3%-0.8pp
FCF margin27.5%+1.2pp

Returns & leverage

See full
Return on equity16.3%+0.9pp
Debt / equity0.2×+0.1×
Current ratio1.6×-0.2×

Versus estimates

Revenue

Q1 2026$688.9MBeat by $10.0M
Q4 2025$846.8MBeat by $6.2M
Q3 2025$739.4MBeat by $20.4MQ2 2025$694.0MBeat by $8.6MQ1 2025$616.0MBeat by $40.7MQ4 2024$741.0MMiss by $17.9M

Diluted EPS

Q1 2026$0.08Miss by $0.04
Q4 2025$0.39Beat by $0.05
Q3 2025$0.45Beat by $0.25Q2 2025$0.18Beat by $0.00Q1 2025$0.10Miss by $0.04Q4 2024$0.59Beat by $0.02

Ask the moment The Trade Desk reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did The Trade Desk report Q4 2025 earnings?
The Trade Desk (TTD) reported Q4 2025 earnings on February 25, 2026 after market close.
What were The Trade Desk's Q4 2025 revenue and EPS?
The Trade Desk reported revenue of $846.8M and diluted EPS of $0.39 for Q4 2025.
Did The Trade Desk beat estimates in Q4 2025?
Revenue beat the consensus estimate of $840.6M by $6.2M. EPS beat the consensus estimate of $0.34 by $0.05.
How did The Trade Desk's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.3% from $741.0M a year earlier and diluted EPS declined 33.9% from $0.59.
Where can I find The Trade Desk's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001671933-26-000009) and the 10-K periodic report (0001671933-26-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.