The Trade Desk, Inc. (TTD) Spending and interest coverage
- R&D / revenue · 12 months: Value 18.12%; Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 15.12%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 18.12% | Research and development expense / revenue. Period ending 2026-06-30. $541.95M ÷ $2.99B × 100 ≈ 18.12% |
| Stock-based compensation / revenue · 12 months | 15.12% | Share-based compensation / revenue. Period ending 2026-06-30. $452.09M ÷ $2.99B × 100 ≈ 15.12% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 541.95M USD | Research and Development Expense |
| Revenue | 2.99B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 452.09M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 586.32M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $541.95M | $2.99B | $452.09M | $586.32M | (m) | 18.12% | 15.12% | (m) | (m) |
| 2026-03-31 | $535.46M | $2.97B | $471.42M | $601.52M | (m) | 18.03% | 15.88% | (m) | (m) |
| 2025-12-31 | $525.14M | $2.90B | $490.63M | $589.32M | (m) | 18.13% | 16.94% | (m) | (m) |
| 2025-09-30 | $522.44M | $2.79B | $507.68M | $527.76M | (m) | 18.72% | 18.19% | (m) | (m) |
| 2025-06-30 | $512.25M | $2.68B | $514.88M | $475.02M | (m) | 19.12% | 19.22% | (m) | (m) |
| 2025-03-31 | $488.04M | $2.57B | $512.33M | $452.96M | (m) | 18.99% | 19.94% | (m) | (m) |
| 2024-12-31 | $463.32M | $2.44B | $494.70M | $427.17M | (m) | 18.95% | 20.23% | (m) | (m) |
| 2024-09-30 | $437.43M | $2.31B | $486.90M | $376.30M | (m) | 18.94% | 21.08% | (m) | (m) |
| 2024-06-30 | $437.50M | $2.17B | $498.03M | $305.49M | (m) | 20.12% | 22.90% | (m) | (m) |
| 2024-03-31 | $425.77M | $2.05B | $488.77M | $252.44M | (m) | 20.72% | 23.79% | (m) | (m) |
| 2023-12-31 | $411.79M | $1.95B | $491.62M | $200.48M | (m) | 21.16% | 25.26% | (m) | (m) |
| 2023-09-30 | $394.27M | $1.83B | $497.72M | $156.20M | (m) | 21.53% | 27.18% | (m) | (m) |
| 2023-06-30 | $356.41M | $1.73B | $479.09M | $147.33M | (m) | 20.57% | 27.65% | (m) | (m) |
| 2023-03-31 | $341.59M | $1.65B | $487.22M | $107.40M | (m) | 20.76% | 29.61% | (m) | (m) |
| 2022-12-31 | $319.88M | $1.58B | $498.64M | $113.65M | (m) | 20.27% | 31.60% | (m) | (m) |
| 2022-09-30 | $298.23M | $1.48B | $576.51M | $-11.87M | (m) | 20.11% | 38.88% | (m) | (m) |
| 2022-06-30 | $274.17M | $1.39B | $489.97M | $39.77M | (m) | 19.74% | 35.28% | (m) | (m) |
| 2022-03-31 | $244.22M | $1.29B | $409.95M | $99.98M | (m) | 18.90% | 31.73% | (m) | (m) |
| 2021-12-31 | $226.14M | $1.20B | $337.41M | $124.82M | (m) | 18.90% | 28.20% | (m) | (m) |
| 2021-09-30 | $212.02M | $1.12B | $170.03M | $256.61M | (m) | 18.92% | 15.17% | (m) | (m) |
| 2021-06-30 | $197.26M | $1.04B | $162.43M | $218.95M | (m) | 19.04% | 15.68% | (m) | (m) |
| 2021-03-31 | $183.78M | $895.18M | $141.16M | $141.23M | (m) | 20.53% | 15.77% | (m) | (m) |
| 2020-12-31 | $166.65M | $836.03M | $111.78M | $144.21M | (m) | 19.93% | 13.37% | (m) | (m) |
| 2020-09-30 | $150.73M | $732.07M | $98.14M | $90.43M | (m) | 20.59% | 13.41% | (m) | (m) |
| 2020-06-30 | $138.84M | $680.16M | $90.73M | $69.57M | (m) | 20.41% | 13.34% | (m) | (m) |
| 2020-03-31 | $128.23M | $700.73M | $87.85M | $117.29M | (m) | 18.30% | 12.54% | (m) | (m) |
| 2019-12-31 | $116.75M | $661.06M | $80.76M | $112.20M | (m) | 17.66% | 12.22% | (m) | (m) |
| 2019-09-30 | $108.03M | $605.58M | $70.62M | $108.51M | (m) | 17.84% | 11.66% | (m) | (m) |
| 2019-06-30 | $101.47M | $560.20M | $62.59M | $108.85M | (m) | 18.11% | 11.17% | (m) | (m) |
| 2019-03-31 | $91.50M | $512.61M | $50.80M | $103.06M | (m) | 17.85% | 9.91% | (m) | (m) |
| 2018-12-31 | $83.89M | $477.29M | $42.21M | $107.32M | $1.55M | 17.58% | 8.84% | 69.24× | Reported |
| 2018-09-30 | $76.83M | (m) | $36.87M | $87.67M | (m) | (m) | (m) | (m) | (m) |
| 2018-06-30 | $67.39M | (m) | $31.34M | $83.82M | (m) | (m) | (m) | (m) | (m) |
| 2018-03-31 | $60.05M | (m) | $26.28M | $77.35M | (m) | (m) | (m) | (m) | (m) |
| 2017-12-31 | $52.81M | (m) | $21.32M | $69.36M | $1.79M | (m) | (m) | 38.72× | Reported |
| 2017-09-30 | $45.40M | (m) | $16.41M | $64.08M | $1.70M | (m) | (m) | 37.67× | Reported |
| 2017-06-30 | $39.51M | (m) | $11.18M | $60.72M | $2.54M | (m) | (m) | 23.95× | Reported |
| 2017-03-31 | $33.13M | (m) | $7.22M | $56.06M | $2.60M | (m) | (m) | 21.53× | Reported |
| 2016-12-31 | $27.31M | (m) | $5.06M | $57.52M | $3.08M | (m) | (m) | 18.71× | Reported |
| 2016-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2016-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2016-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2015-12-31 | $12.82M | (m) | $374.00K | $37.98M | $1.14M | (m) | (m) | 33.29× | Reported |
| 2015-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-12-31 | $7.25M | (m) | $107.00K | $764.00K | $843.00K | (m) | (m) | 0.91× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.