Short answer
Trade Desk (The) (TTD) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $689M (up 11.8% year over year) with net income of $40M.
Q1 2026 key financials · XBRL
- Revenue
- $689M
- +11.8% YoY
- Net income
- $40M
- −21.1% YoY
- Operating margin
- 9.7%
- EPS (diluted)
- $0.08
- −20.0% YoY
Source: XBRL data from the Trade Desk (The) (TTD) Q1 2026 10-Q on SEC EDGAR. USD.
Trade Desk (The) Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $688.9M, up 12% YoY from $616.0M, driven by higher platform spend and value-added services
- Operating margin 10% vs 9% YoY; net margin 6% vs 8%, with net income $40.0M vs $50.7M
- Platform operations worst expense performer, up 27% to $182.0M; G&A decreased 6% to $125.3M
- Operating cash flow $391.8M vs $291.4M; cash $878M and short-term investments $528M
- Share repurchases $174M; management cited rising hosting costs and macroeconomic uncertainty as headwinds
Risk Factors
- No new risk factor identified; filing text is truncated before quarter-over-quarter change disclosures
- Client concentration risk: two holding companies exceeded 10% of 2025 gross billings
- Privacy compliance risk: Unified ID 2.0, EUID and OpenPass process directly identifying information
- Competitive risk: AI initiatives expected to increase infrastructure and platform operations expense
- Inventory concentration risk: Google is both a major advertising inventory supplier and competitor
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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