TTD Cash flow analysis
Published copy v1 · research revision R2 · information cutoff 2026-10-06 · published 2026-10-06 · 586 sourced filing observations
Trailing twelve monthsto 2026-06-30
- Revenue
- $2.99B
- Operating income
- $586.3M
- Operating margin
- 19.6%
- Operating cash flow
- $1.08B
- Diluted shares
- 469.9M
- Cash + short-term investments
- $1.49B
Fourth-quarter flows are derived as fiscal-year total minus nine-month year-to-date, both as reported.
Reported facts
| Quarter ended | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|
| Operating cash flow | $291.4M | $165.0M | $224.7M | $311.6M* | $391.8M | $153.6M |
| Capital expenditure | $59.1M | — | — | $26.3M* | $112.7M | — |
| Share repurchases | $386.3M | — | — | $422.9M* | $163.5M | — |
| Stock-based compensation | $128.3M | — | — | $112.2M* | $109.0M | — |
| Cash and equivalents | $1.12B | $896.4M | $653.1M | $658.2M | $878.4M | $1.12B |
* Derived: fiscal-year total minus nine-month year-to-date.
Source: company filings with the SEC (10-Q / 10-K XBRL facts), each with its filing availability date. Open filings on SEC EDGAR
Editable baseline model
Starts from the reported trailing revenue, operating margin and year-over-year share change. Change any assumption; the valuation line appears only once you enter your own operating-income multiple.
| Year | Revenue | Operating income | Diluted shares | Op. income / share |
|---|---|---|---|---|
| +1 | $3.34B | $654.1M | 445.5M | $1.47 |
| +2 | $3.72B | $729.9M | 422.3M | $1.73 |
| +3 | $4.16B | $814.6M | 400.4M | $2.03 |
| +4 | $4.64B | $909.1M | 379.6M | $2.4 |
| +5 | $5.18B | $1.01B | 359.8M | $2.82 |
Missing evidence and unresolved questions
- 2026-06-30: One or more cash-flow subtotals not reported
- 2025-09-30: One or more cash-flow subtotals not reported
- 2025-06-30: One or more cash-flow subtotals not reported
- 2024-09-30: One or more cash-flow subtotals not reported
- 2024-06-30: One or more cash-flow subtotals not reported
- Sections withheld because their figures did not trace to recorded observations: key_figures (unsupported_figures:-31,-31,-31,-31,-31); chart_plan (unsupported_figures:-4658,-428,71875,49,3817); thesis (unsupported_figures:-31,-30,,13.0); financials (unsupported_figures:1,405.915); valuation (unsupported_figures:-31,-30,,1,485.333); assumptions (unsupported_figures:-31).