TTD Trade Desk (The)

Q3 2025 10-Q
Filed: Nov 6, 2025Period ending Sep 30, 2025
Information Technology
Services-Computer Programming, Data Processing, Etc.SEC EDGAR

Trade Desk (The) (TTD) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

  • Revenue $739M, up 18% YoY from $628M for Q3 2024, driven by higher spend per campaign and new clients
  • Net income $116M vs $94M YoY, operating margin 21.8% vs 17.3% (Income from operations 21.8% vs 17.3%)
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Risk Factors

  • New tax legislation OBBBA enacted July 4, 2025, recognized $118M income taxes receivable related to R&D cost deductions
  • Litigation risk materially updated: multiple derivative, class action, and privacy lawsuits pending including securities fraud and wiretapping claims
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Quarterly Financial Summary
XBRL

Revenue

$739M

Net Income

$116M

Net Margin

15.6%

Source: XBRL data from Trade Desk (The) Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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