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The Trade Desk TTD Non-US — Deferred tax liability, unremitted earnings on subsidiaries

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Other financials

Income statement

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Revenue$715.1M+3.0%
Gross profit$530.7M-2.3%
Operating income$101.6M-13.0%
Net income$64.4M-28.6%
EPS (diluted)$0.14-22.2%

Balance sheet

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Cash & equivalents$1.1B+25.3%
Total debt$434.1M+26.4%
Total equity$2.6B-4.5%
Total assets$5.8B-3.2%

Cash flow

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Operating cash flow$153.6M-6.9%
CapEx$13.2M-70.8%
Free cash flow$140.4M+17.2%

Valuation

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Market cap$8.91B-79.6%
Enterprise value$8.22B-81.0%
P/E21.9×-83.1×
P/S-13.4×

Profitability

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Gross margin76.9%-2.5pp
Operating margin19.6%+1.9pp
Net margin13.6%-2.0pp
FCF margin28.9%+0.6pp

Returns & leverage

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Return on equity15.4%-0.9pp
Debt / equity0.2×0.0×
Current ratio1.7×0.0×

Where this comes from

Reported directly by The Trade Desk in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxLiabilitiesUndistributedForeignEarnings.

The source filing: The Trade Desk’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 4:13 PM EST
Fiscal year
FY2025
Accession
0001671933-26-000014

As of December 31, 2025, the Company has not recorded a deferred tax liability for unremitted foreign earnings as the Company’s intention is to indefinitely reinvest these earnings outside the United States. Upon distribution of those earnings in the form of a dividend or otherwise, the Company would be subject to both state income taxes and withholding taxes payable to various foreign countries. The amounts of such tax liabilities that might be payable upon repatriation of foreign earnings are not material.

Item 8. Financial Statements and Supplementary Data

FAQ

What is The Trade Desk's non-us — deferred tax liability, unremitted earnings on subsidiaries?
The Trade Desk (TTD) reported non-us — deferred tax liability, unremitted earnings on subsidiaries of $0 in Q4 2025.
What does non-us — deferred tax liability, unremitted earnings on subsidiaries mean?
This metric quantifies the potential tax obligations associated with earnings generated by foreign subsidiaries that the company intends to reinvest indefinitely rather than repatriate. It provides insight into the company's international tax strategy and the potential future tax burden if these funds were to be brought back to the parent entity. Monitoring this helps investors assess the tax efficiency of the firm's global operations.

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