TTD at a glance
Trade Desk (The) (TTD, SEC CIK 1671933) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 15, 2026 and Form 4 insider filings as recently as September 16, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Trade Desk (The) (TTD) reported revenue of $2.9 billion (up 18.5% from FY2024) and net income of $443.3 million. Diluted EPS was $0.90.
- As of June 30, 2026, 36 institutional investment managers tracked by SignalX reported holding Trade Desk (The) (TTD) shares worth $3.8 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.9B
- +18.5% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 36 funds
- $3.8B · +0 vs prior quarter
- Latest 8-K
- Sep 15, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Buy-side independent DSP charging platform fees (% of client spend) across omnichannel programmatic advertising on $700B+ global digital ad market
- New tools emphasized: Audience Unlimited (AI agentic data buying), OpenSincera (open-source supply chain transparency across 430,000 publishers), PubDesk (publisher inventory dashboard)
- Concentrated client risk emerged: two holding companies each exceeded 10% of gross billings in FY2025, vs only one in FY2024
- 3,843 full-time employees across 21 countries; workforce split ~63% North America, 20% EMEA, 17% APAC
- Customer retention rate exceeded 95% for over a decade: notable given two clients now represent outsized gross billing concentration
Management Discussion & Analysis
- Revenue $2.90B, up $451M (+18%) YoY; gross spend $13.4B, up 11% driven by new/existing client campaigns and higher value-added services utilization
- Operating margin 20.3% vs 17.5% YoY; Adjusted EBITDA $1.20B vs $1.01B; effective tax rate jumped to 33% vs 23%
- Platform operations fastest-growing cost segment, up $147M (+31%); G&A only declining segment, down $17M (-3%) due to $48M lower stock-based compensation
- Operating cash flow $993M vs $739M; capex $197M on property/equipment; $1.4B in share buybacks (26.2M shares retired); $500M repurchase authorization added Feb 2026
- Risks flagged: macroeconomic uncertainty, rising data center component prices, and increased legal/regulatory expenses; CEO Performance Option SBC fully recognized by Q1 2026
Risk Factors
- FTC enforcement under Section 5 of FTC Act targeting data brokers + privacy suits filed against TTD in Northern District of California in March 2025
- Two unnamed holding companies each exceeded 10% of gross billings in 2025: loss of either would materially cut revenue
- Google simultaneously largest ad inventory supplier AND primary competitor: unilateral access restriction could severely impact platform inventory
- AI competitive threat unquantified but named as key risk; rivals implementing superior AI could erode TTD's DSP differentiation
- Key-person dependency on CEO Jeff Green; no fixed-term employment contracts for any executives
AI summary of the TTD 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $715.1M, up 3% YoY from $694.0M
- Operating margin 14% vs 17% YoY
- Net income $64.4M, down 29% YoY from $90.1M
- Cash and equivalents $1.1B, short-term investments $362M
- Operating cash flow $545M for six months; hosting costs rising amid AI growth and data-center component prices
Risk Factors
- No explicit new risk factor identified; excerpt does not compare changes with the latest 10-K
- AI competition risk; competitors’ improved AI technologies could increase infrastructure costs and weaken platform competitiveness
- Cybersecurity risk; attacks increasingly use sophisticated techniques, including AI, against systems and employee mailboxes
- CTV concentration risk; reduced CTV growth or unsuccessful programmatic television execution could harm growth prospects
- Client concentration risk; two holding companies each exceeded 10% of 2025 gross billings as aggregated relationships
AI summary of the TTD 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CEO Jeff Green granted performance option for up to 7,000,000 Class A shares at $14.97 exercise price
- Vesting requires 20-consecutive-trading-day average prices from $18 to $105 across seven tranches
Item 2.05: Costs Associated with Exit or Disposal Activities
- Workforce reduction of approximately 15%, substantially completed in Q3 2026
- $39M–$51M estimated cash restructuring charges, primarily employee severance and benefits
Item 2.02: Results of Operations and Financial Condition
- Q2 FY2026 results covered quarter ended June 30, 2026
- Press release furnished as Exhibit 99.1, containing the financial results
AI summaries of TTD 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for TTD
Don't miss the next TTD filing
- Alerts as it files. A push when TTD files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut TTD, by share count.
- Ask anything. An AI agent that reads every TTD filing and answers with sources.
TTD alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Olmstead Nathan | A | Sep 14, 2026 | 398,262 | - |
| Davis Tahnil R. | A | Sep 14, 2026 | 217,233 | - |
| Kundra Vivek | A | Sep 14, 2026 | 724,112 | - |
| Green Jeffrey Terry | A | Sep 14, 2026 | 7,000,000 | - |
| GRANT JAY R | A | Sep 14, 2026 | 398,262 | - |
| Davis Tahnil R. | F | Aug 15, 2026 | 1,220 | $14.14 |
| Davis Tahnil R. | F | Aug 15, 2026 | 1,051 | $14.14 |
| GRANT JAY R | F | Aug 15, 2026 | 2,652 | $14.14 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.4B | $2.9B |
| Operating Income | $200.5M | $427.2M | $589.3M |
| Net Income | $178.9M | $393.1M | $443.3M |
| Op. Margin | - | 17.5% | 20.3% |
| Net Margin | - | 16.1% | 15.3% |
| Balance Sheet | |||
| Total Assets | - | $6.1B | $6.2B |
| Equity | - | $2.9B | $2.5B |
| ROE | - | 13.3% | 17.8% |
| Per Share | |||
| EPS | - | $0.78 | $0.90 |
| Cash Flow | |||
| Operating CF | $598.3M | $739.5M | $992.7M |
| CapEx | $46.8M | $98.2M | $197.0M |
Source: XBRL data in Trade Desk (The) (TTD)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate TTD share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 36 | $3.81B |
| Q1 2026 | 36 | $4.96B |
| Q4 2025 | 36 | $7.63B |
| Q3 2025 | 37 | $10.37B |
| Q2 2025 | 41 | $10.73B |
| Q1 2025 | 35 | $6.42B |
| Q4 2024 | 33 | $10.57B |
| Q3 2024 | 26 | $4.43B |
- Invesco Ltd+5.38M (+64%)
- Goldman Sachs Group+4.74M (+54%)
- D.E. Shaw & Co+3.27M (+68%)
- Two Sigma Investments+2.89M (+20%)
- Renaissance Technologies LLC+1.58M (+29%)
- State Street Corp−13.65M (-30%)
- BlackRock−4.85M (-13%)
- Vanguard Portfolio Management LLC−3.06M (-14%)
- JPMorgan Chase & Co−1.08M (-45%)
- Raymond James Financial−1.03M (-90%)
- Blackstone Group−11.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 280 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
TTD filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 16, 2026 | - | - | - |
| 8-K | Sep 15, 2026 | - | Analysis | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 8-K | Sep 4, 2026 | - | Analysis | - |
| 4 | Aug 18, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 13, 2026 | - | - | - |
| 8-K | Jul 13, 2026 | - | Analysis | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 8-K | Jun 9, 2026 | - | Analysis | |
| 4 | Jun 1, 2026 | - | - | |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 8-K | May 29, 2026 | - | Analysis | |
| 4 | May 27, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - |
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TTD SEC filings: frequently asked questions
Which institutions hold TTD stock?
As of June 30, 2026, the largest Trade Desk (The) (TTD) holders among the 13F filers tracked by SignalX were BlackRock ($590.6 million), State Street Corp ($565.6 million), Vanguard Capital Management LLC ($504.4 million), Vanguard Portfolio Management LLC ($350.4 million), Two Sigma Investments ($308.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was TTD's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Trade Desk (The) (TTD) reported revenue of $2.9 billion (up 18.5% from FY2024) and net income of $443.3 million. Diluted EPS was $0.90. The figures come from the XBRL data in the 10-K.
What are the main risks in TTD's latest 10-K?
In the 10-K filed February 27, 2026, Trade Desk (The) (TTD) flagged: FTC enforcement under Section 5 of FTC Act targeting data brokers + privacy suits filed against TTD in Northern District of California in March 2025. Two unnamed holding companies each exceeded 10% of gross billings in 2025: loss of either would materially cut revenue. (AI summary of the Risk Factors section.)
What did TTD report in its latest 8-K?
Trade Desk (The) (TTD) filed an 8-K on September 15, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). CEO Jeff Green granted performance option for up to 7,000,000 Class A shares at $14.97 exercise price.
What are the latest TTD SEC filings?
Trade Desk (The) (TTD) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 15, 2026 and a Form 4 insider filing on September 16, 2026.
What is TTD's SEC CIK number?
Trade Desk (The) (TTD)'s SEC Central Index Key (CIK) is 1671933. EDGAR lists every TTD filing under that number.
Ask anything about TTD
The research agent reads TTD's filings, financials, insider trades and 13F holders, then answers with sources.