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The Trade Desk TTD Noncash lease expense

Noncash lease expense at other companies

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$2.19M+24.6%

Other financials

Income statement

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Revenue$688.9M+11.8%
Gross profit$506.9M+7.1%
Operating income$66.6M+22.4%
Net income$40.0M-21.1%
EPS (diluted)$0.08-20.0%

Balance sheet

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Cash & equivalents$878.4M-21.5%
Total debt$423.6M+26.5%
Total equity$2.5B-9.7%
Total assets$5.7B+0.5%

Cash flow

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Operating cash flow$391.8M+34.4%
CapEx$112.7M+90.7%
Free cash flow$279.1M+20.1%

Valuation

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Market cap$8.7B-60.2%
Enterprise value$8.25B-60.8%
P/E20.1×-33.0×
P/S2.9×-5.6×

Profitability

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Gross margin77.8%-2.3pp
Operating margin20.3%+2.6pp
Net margin14.6%-1.5pp
FCF margin28.4%+1.3pp

Returns & leverage

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Return on equity16.7%-0.1pp
Debt / equity0.2×0.0×
Current ratio1.7×-0.1×

Where this comes from

Reported directly by The Trade Desk in its filing.

Tagged under the XBRL concept ttd:NoncashLeaseExpense.

The official record: The Trade Desk’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Trade Desk's noncash lease expense?
The Trade Desk (TTD) reported noncash lease expense of $18.64M in Q1 2026.
How has The Trade Desk's noncash lease expense changed year-over-year?
The Trade Desk's noncash lease expense increased by 9.9% year-over-year, from $16.96M to $18.64M.
What is the long-term trend for The Trade Desk's noncash lease expense?
Over 4 years (2021 to 2025), The Trade Desk's noncash lease expense has grown at a 14.7% compound annual growth rate (CAGR), from $40.32M to $69.68M.
What does noncash lease expense mean?
This represents the non-cash portion of lease expenses recognized under accounting standards for right-of-use assets. It accounts for the amortization of the lease asset, distinct from the cash payment made to the lessor. It is added back to reconcile net income to operating cash flow.