FUNDAMENTAL ANALYSIS
TTD
Trade Desk (The)
FUNDAMENTAL RATING
FUNDAMENTAL SCORE
65 / 100
Summary
Trade Desk (The) shows rapid multi-year growth but one annual result distorts the headline trend. Revenue compounded at 22.44% a year (CAGR, or compound annual growth rate) and net income compounded at 102.5% a year; the latest annual revenue rose 18.5% and net income rose 12.8%. The most recent quarter reported $64.39M in net income, a 61.0% QoQ (quarter-over-quarter) improvement. Assets cover liabilities 1.68 times, and the Altman Z-score is 3.17, which sits in the safe zone defined as values above 2.6 for this Z'' variant. A Piotroski F-Score of 6 on a 0 to 9 quality scale is a mixed-to-favorable earnings-quality reading. The next earnings report must show whether sequential net income gains persist and whether underlying annual earnings growth holds once the outlier year drops out of the comparison.
Revenue — Annual Comparison
Net Income — Annual Comparison
Quarterly Detail Charts
Quarterly Revenue
Quarterly Net Income
Piotroski F-Score Breakdown
6/9 · Neutral
Profitability — Net income positive this fiscal year
Pass
Return on Assets — Return on Assets improved year-over-year
Pass
Cash flow positive — Cash from operations positive this fiscal year
Pass
Earnings quality — Cash from operations exceeds net income
Pass
Leverage down — Long-term debt / total assets improved
N/A
Liquidity up — Current ratio improved year-over-year
Fail
No share dilution — Share count did not increase year-over-year
Pass
Margin up — Gross margin expanded year-over-year
N/A
Asset efficiency — Asset turnover improved year-over-year
Pass
Data Source
This dashboard applies a modified 9-signal Piotroski F-Score (Piotroski, 2000) and Altman Z-Score models. Fundamental filing data is sourced from the SEC's EDGAR XBRL database (primary), with API Ninjas as backup for freshly-filed 10-Ks not yet in SEC. Live price, market cap, and EPS display use Tiingo end-of-day data. This page is informational analysis, not investment advice. See Financial Disclaimer.
Recent Filings
Formula & Methodology
Trend inputAnnual revenue and net income year-over-year direction contributes 20% of the score.
Piotroski inputModified 9-test Piotroski F-Score (Quality) contributes 40% of the score.
Altman inputAltman Z-Score (Distress) contributes 40% of the score.
Rating ruleFormula: Trend (20%) + Piotroski F-Score (40%) + Altman Z-Score (40%). Trend blends annual revenue and net income year-over-year direction. Piotroski is the modified 9-test variant (7 classic + 2 cash-flow tests). Altman uses the 1968 Z-Score with Safe/Grey/Distress zones. Combined blend uses ±0.45 thresholds: Bullish at +0.45 or higher, Bearish at -0.45 or lower, Neutral in between. Missing sub-signals count as Neutral (0) and weights are not re-normalized — a company with fewer available signals must earn its rating from stronger reads on the remaining pillars.