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The Trade Desk TTD Domestic — Pre-Tax Income

Discontinued — last reported Q4 '24

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EVRNon-US — Income Before Income Tax Expense
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AYIDomestic — Operating profit:
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ETNForeign — Total income before income taxes

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 us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: The Trade Desk’s 10-K, filed February 21, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Trade Desk's domestic — pre-tax income?
The Trade Desk (TTD) reported domestic — pre-tax income of $144.83M in Q4 2024.
How has The Trade Desk's domestic — pre-tax income changed year-over-year?
The Trade Desk's domestic — pre-tax income increased by 76.2% year-over-year, from $82.21M to $144.83M.
What is the long-term trend for The Trade Desk's domestic — pre-tax income?
Over 3 years (2021 to 2024), The Trade Desk's domestic — pre-tax income has grown at a 44.2% compound annual growth rate (CAGR), from $193.05M to $579.34M.
What does domestic — pre-tax income mean?
The total profit earned from domestic operations before accounting for income tax expenses.
How do you interpret domestic — pre-tax income?
An increase indicates improved operational efficiency or higher revenue scale within the domestic market, while a decrease may suggest rising regional operating costs or competitive pricing pressure.
How does domestic — pre-tax income compare across companies?
Comparable to regional operating income or segment-level EBIT reported by other global advertising technology or software-as-a-service firms.