PerpEquitiesEquity
TTD perpetual futures
The Trade Desk, Inc. tracked across crypto venues with normalized contract specs.
Price chart
19.12▲ 2.26%
18.7018.8018.9019.0019.10
01:34 PM02:02 PM02:30 PM02:57 PM03:25 PM
24/7 perp mark · BingX (TTDUS-USDT)
Auto: market closed → highest-volume perp venue
Trading data
Perpetual market activity
Venues
1
Live markets
1/1
24h volume
$123k
Open interest
$198
Best liquidity
$10k
BingX
Tightest spread
+120.1 bps
BingX
Highest volume
$123k
BingX
Settlement mix
USDT · 1/1
Best Liquidity
TTDTightest Spread
TTDHighest Volume
TTDCompany data
Company fundamentals
Market cap
$8.7B
Updated 2h ago
Revenue
$3.0B
Trailing 12 months
Net income
$432.6M
Trailing 12 months
Free cash flow
$836.7M
Trailing 12 months
Profit margin
14.6%
P/E
20.8
P/S
2.9
Revenue estimate
$3.2B
Next fiscal year
Revenue growth
+10%
Next fiscal year
Fundamental detail
Annual + quarterlyLatest revenue$2.9B
Net margin+15.3%
Free cash flow$795.7M
Net debt$-221.8M
PeriodRevenueGrowthNet incomeFCF
2020$836.0M+26%$242.3M$325.0M
2021$1.2B+43%$137.8M$318.5M
2022$1.6B+32%$53.4M$456.8M
2023$1.9B+23%$178.9M$543.3M
2024$2.4B+26%$393.1M$632.4M
2025$2.9B+18%$443.3M$795.7M
PeriodGross marginOperating marginNet marginROEROA
2020+78.6%+17.2%+29.0%+23.9%+8.8%
2021+81.5%+10.4%+11.5%+9.0%+3.9%
2022+82.2%+7.2%+3.4%+2.5%+1.2%
2023+81.2%+10.3%+9.2%+8.3%+3.7%
2024+80.7%+17.5%+16.1%+13.3%+6.4%
2025+78.6%+20.3%+15.3%+17.8%+7.2%
PeriodCashDebtNet debtCurrent ratio
2020$437.4M$292.4M$-144.9M1.57
2021$754.2M$284.6M$-469.6M1.71
2022$1.0B$261.0M$-769.5M1.90
2023$895.1M$235.9M$-659.2M1.72
2024$1.4B$312.2M$-1.1B1.86
2025$658.2M$436.3M$-221.8M1.61
PeriodMarket capEnterprise valueP/SP/E
2020$37.1B$36.9B44.3154.0
2021$43.7B$43.2B36.5316.0
2022$21.8B$21.1B13.8407.5
2023$35.2B$34.5B18.1194.5
2024$57.7B$56.6B23.6146.9
2025$18.2B$18.0B6.341.3
PeriodRevenueGrowthNet incomeFCF
Q2 2024$584.5M+26%$85.0M$56.7M
Q3 2024$628.0M+27%$94.2M$222.3M
Q4 2024$741.0M+22%$182.2M$177.1M
Q1 2025$616.0M+25%$50.7M$229.7M
Q2 2025$694.0M+19%$90.1M$116.7M
Q3 2025$739.4M+18%$115.5M$164.1M
Q4 2025$846.8M+14%$186.9M$276.9M
Q1 2026$688.9M+12%$40.0M$279.1M
PeriodGross marginOperating marginNet marginROEROA
Q2 2024+81.1%+16.2%+14.5%+3.5%+1.6%
Q3 2024+80.5%+17.3%+15.0%+3.6%+1.7%
Q4 2024+81.7%+26.4%+24.6%+6.2%+3.0%
Q1 2025+76.8%+8.8%+8.2%+1.9%+0.9%
Q2 2025+78.2%+16.8%+13.0%+3.3%+1.5%
Q3 2025+78.1%+21.8%+15.6%+4.4%+1.9%
Q4 2025+80.7%+30.3%+22.1%+7.5%+3.0%
Q1 2026+73.6%+9.7%+5.8%+1.6%+0.7%
PeriodCashDebtNet debtCurrent ratio
Q2 2024$1.0B$264.3M$-745.0M1.80
Q3 2024$1.2B$293.2M$-928.3M1.85
Q4 2024$1.4B$312.2M$-1.1B1.86
Q1 2025$1.1B$335.0M$-783.6M1.81
Q2 2025$896.4M$343.5M$-552.8M1.71
Q3 2025$653.1M$376.0M$-277.2M1.71
Q4 2025$658.2M$436.3M$-221.8M1.61
Q1 2026$878.4M$423.6M$-454.8M1.68
PeriodMarket capEnterprise valueP/SP/E
Q2 2024$47.9B$47.2B82.0144.1
Q3 2024$53.9B$53.0B85.8144.3
Q4 2024$58.1B$57.0B78.379.4
Q1 2025$27.1B$26.3B44.0136.8
Q2 2025$35.3B$34.8B50.9100.0
Q3 2025$24.6B$24.3B33.351.1
Q4 2025$18.2B$18.0B21.524.3
Q1 2026$10.8B$10.3B15.670.9
Refreshed 2h ago
Research data
Estimates, events and peers
Estimates
6 periodsFY 2026$3.2B+10%26 analysts
FY 2027$3.5B+21%26 analysts
FY 2028$3.7B+28%19 analysts
FY 2029$4.1B+42%10 analysts
FY 2030$4.6B+60%16 analysts
Q1 2027$767.3M+11%8 analysts
Events
Earnings · dividends · splits2026-08-06EarningsRevenue est. $752.6M
2026-05-07EarningsRevenue est. $678.9M
2026-02-25EarningsRevenue est. $840.6M
2025-11-06EarningsRevenue est. $719.0M
2025-08-07EarningsRevenue est. $685.5M
2025-05-08EarningsRevenue est. $575.3M