Every 8-K that The Trade Desk, Inc. (TTD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow TTD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TTD filings page.
The Trade Desk, Inc. (TTD) approved a large, performance-based stock option grant for Chief Executive Officer Jeff Green on September 14, 2026. The award covers up to 7,000,000 shares of Class A Common Stock at an exercise price of $14.97 per share, equal to the closing price on the grant date.
The option vests over a ten-year term in seven tranches only if ambitious stock price targets between $18.00 and $105.00 are achieved, based on the average closing price over any 20-consecutive-trading-day period and subject to Board certification and continued service conditions. In a Change in Control, vesting is determined by the per-share transaction price with linear interpolation, and unearned portions are forfeited. Following a Qualifying Termination, performance vesting can continue for nine months. The award is subject to potential clawback in the event of a material financial restatement linked to knowing and intentional gross misconduct and was granted under the company’s 2025 Incentive Award Plan.
The Trade Desk, Inc. (TTD) announced an organizational realignment that includes eliminating positions and reducing its total workforce by approximately 15%, with the plan expected to be substantially completed during the third quarter of 2026. The initiative is described as aligning resources with the company’s highest-priority growth opportunities and improving operational effectiveness.
The Trade Desk estimates cash restructuring and related charges of $39 million to $51 million for employee severance and benefits, partially offset by a $4 million to $5 million reversal related to stock-based compensation. These charges are expected to be recognized in the third quarter of 2026, and the company notes it may incur additional charges if unanticipated events arise during implementation.
The Trade Desk reported second-quarter 2026 revenue of $715 million, up 3% year over year, while profitability weakened. GAAP net income was $64.4 million, a 9% margin versus 13% a year earlier, and Adjusted EBITDA declined to $241 million, a 34% margin versus 39%.
Non-GAAP net income was $157.6 million, or $0.34 per diluted share, down from $0.41. Operating cash flow for the first half of 2026 reached $545 million, and cash and cash equivalents were $1.12 billion plus $362 million of short-term investments, supporting $78 million of Q2 share repurchases.
Customer retention remained above 95% and the company highlighted new partnerships with Dentsu, Databricks, Adobe, Netflix and Samsung Ads. For third-quarter 2026, it guides to revenue of at least $650 million and Adjusted EBITDA of approximately $160 million, while management focuses on platform upgrades and execution.
The Trade Desk, Inc. appointed Penry Price to its board of directors as a Class II director, effective July 9, 2026. He will serve on the audit committee and act as chair of the compensation committee, filling a newly created seventh seat on the board.
Under the non-employee director compensation program, Price will receive annual cash compensation of $50,000 for board service, $12,500 for audit committee service, and $50,000 for serving as compensation committee chair. He is eligible for an initial equity grant valued at $290,000, generally vesting quarterly over three years, and an annual equity grant of $290,000, prorated from his appointment to the next annual stockholder meeting and vesting in full at that meeting. He may elect to receive these grants in restricted stock, restricted stock units, stock options, or a mix. The company will also enter into an indemnification agreement with him, and there are no related-party or family relationships disclosed.
The Trade Desk, Inc. appointed David Haddad to its board of directors as a Class III director and to the audit committee, effective June 11, 2026, filling a newly created sixth board seat. Haddad, a veteran media and entertainment executive, previously held senior roles at Warner Bros. Entertainment, Activision Blizzard, Vivendi Games, Mattel and Disney.
Under the company’s non-employee director compensation program, he will receive annual cash compensation of $50,000 for board service and $12,500 for audit committee service. He is also eligible for an initial equity grant valued at $290,000, vesting quarterly over three years, and a prorated annual equity grant valued at $290,000, vesting at the next annual stockholder meeting. The company will enter into an indemnification agreement with him similar to those for its other directors.
The Trade Desk, Inc. appointed Nate Olmstead as its new chief financial officer, effective July 9, 2026, succeeding interim CFO Tahnil Davis, who will resume her role as chief accounting officer. Olmstead brings prior CFO experience from Penguin Solutions and Logitech, plus 16 years in finance roles at Hewlett Packard.
His compensation package includes a time-based restricted stock award and a stock option in Class A common stock with an aggregate target equity value of $10.0 million, a base salary of $600,000, an initial target annual bonus of $600,000, and a $600,000 signing bonus. The company will also enter into its standard indemnification agreement with him.
The Trade Desk, Inc. reported a change in director compensation related to Samantha Jacobson’s move from executive to non-employee director status. The board approved her participation in the non-employee director compensation program, providing annual cash compensation of $50,000 for Board service.
Under the 2025 Incentive Award Plan, she is also eligible for an annual equity grant valued at $290,000, prorated from May 18, 2026, the effective date of her resignation as an officer and employee, through the next annual stockholder meeting. She may receive this grant as restricted stock, restricted stock units, stock options, or a mix, vesting in full at the next annual meeting.
The Trade Desk, Inc. announced that Chief Strategy Officer Samantha Jacobson has notified the company of her intent to resign from the CSO role effective May 18, 2026. She will continue to serve as a member of the company’s board of directors, maintaining ongoing involvement in its strategic oversight.
The Trade Desk, Inc. reported results from its 2026 annual stockholder meeting. Stockholders elected Class I directors Andrea L. Cunningham and Jeff T. Green, with Green receiving 631,530,355 votes for and 51,292,472 withheld, and Cunningham receiving 82,759,848 votes for and 169,344,189 withheld.
Stockholders approved, on a non-binding advisory basis, executive compensation with 509,592,084 votes for and 172,498,666 against. They also ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026, with 738,886,896 votes for and 9,360,368 against. A quorum was present, with 361,204,763 shares represented.
The Trade Desk reported first-quarter 2026 results showing solid top-line growth but softer profitability. Revenue rose to $689 million, up 12% from a year earlier, as the company continued to expand its programmatic advertising platform.
GAAP net income declined to $40 million from $51 million, with net income margin at 6% versus 8% and diluted EPS at $0.08 compared with $0.10. Adjusted EBITDA was $206 million with a 30% margin, slightly below last year’s $208 million and 34% margin, while non-GAAP diluted EPS was $0.28 versus $0.33.
Customer retention stayed above 95%, the company launched multiple AI and CTV partnerships, and it repurchased about $164 million of Class A shares, leaving $327 million authorized as of March 31, 2026. For the second quarter of 2026, management expects revenue of at least $750 million and Adjusted EBITDA of approximately $260 million.
The Trade Desk, Inc. entered into an amended and restated loan and security agreement that refreshes its revolving credit facility with a bank syndicate led by JPMorgan Chase. The facility provides up to $750 million of revolving borrowing capacity and now matures on April 14, 2031.
The facility includes a $100 million sublimit for letters of credit and a $75 million sublimit for swingline loans, with an option to increase total commitments by up to an additional $750 million under certain conditions. Borrowings bear interest at a variable rate based on either a Base Rate or term SOFR plus a margin tied to the company’s net leverage, and undrawn amounts incur a commitment fee.
The agreement is secured by substantially all company assets, subject to customary exceptions and a potential collateral release upon achieving specified investment grade ratings. It also includes typical covenants and requires compliance with a maximum consolidated funded debt to consolidated EBITDA ratio of 3.50 to 1.00, with a temporary step-up allowed in connection with certain material transactions.
The Trade Desk, Inc. reported that director Lise J. Buyer has decided to resign from its board of directors. She notified the company on March 31, 2026, and her resignation will be effective April 3, 2026. The company states that her resignation is not due to any disagreement regarding its operations, policies, or practices.
Ms. Buyer has served on the board since March 2019, and the board expressed appreciation for her years of service.
The Trade Desk, Inc. reported that it is temporarily out of compliance with Nasdaq rules requiring at least three independent directors on its audit committee and two on its compensation committee after director Kathryn E. Falberg resigned. Nasdaq issued a noncompliance notice, and the company has until September 21, 2026 to cure the issue, which it plans to address by filling committee vacancies as quickly as possible.
The filing also notes the immediate resignations of directors Alexander Kayyal and Kathryn E. Falberg, each stated as not due to disagreements over operations, policies, or practices. The board appointed Andrew (Drew) Vollero as a Class II director and audit committee member effective April 3, 2026, with annual cash compensation of $50,000 for board service and $12,500 for audit committee service, plus initial and annual equity awards valued at $290,000 each, subject to vesting schedules. In connection with Mr. Kayyal’s prior departure as chief financial officer, the company agreed in a separation agreement to pay amounts under his employment agreement and a $400,000 relocation payment to support his move to the United Kingdom.
The Trade Desk, Inc. announced that director Gokul Rajaram has decided to resign from its board of directors, effective April 3, 2026. The company states that his resignation is not due to any disagreement regarding its operations, policies, or practices.
Rajaram has served on the board since May 2018, and the board expressed appreciation for his years of service. The Trade Desk is incorporated in Nevada and its Class A common stock trades on the Nasdaq Stock Market under the symbol TTD.
The Trade Desk, Inc. reported strong fourth quarter and full-year 2025 results and expanded its share repurchase capacity. Full-year 2025 revenue reached $2.90 billion, up from $2.44 billion in 2024, with GAAP net income of $443.3 million and GAAP diluted EPS of $0.90. Adjusted EBITDA for 2025 was $1.20 billion, maintaining a 41% Adjusted EBITDA margin.
In 2025 the company used about $1.4 billion of cash to repurchase Class A common stock at an average price of $52.60, including roughly $423 million in the fourth quarter. As of December 31, 2025, $150 million remained authorized, and the board subsequently approved an additional $350 million, bringing total future repurchase authorization to $500 million.
For the first quarter of 2026, The Trade Desk forecasts revenue of at least $678 million and Adjusted EBITDA of approximately $195 million, signaling expectations for continued growth and profitability while it continues investing in its advertising technology platform and partnerships.
The Trade Desk, Inc. announced that it expects revenue and adjusted EBITDA for the quarter and year ended December 31, 2025 to be consistent with its previously reported guidance, and plans to release full earnings on February 25, 2026.
Effective January 24, 2026, Tahnil Davis, the company’s executive vice president and chief accounting officer, was appointed principal accounting officer and interim chief financial officer and interim principal financial officer. Her employment agreement includes a base salary of $567,000, a prorated target annual bonus including $267,500 for part of 2026, and a quarterly retention bonus of $187,500 while she serves as interim CFO and for three months after a permanent CFO starts. Former CFO Alexander Kayyal’s employment in his officer roles ended on January 24, 2026, and the company expects him to remain on the board through the 2026 annual meeting.
The Trade Desk, Inc. reported that it received a letter of reprimand from Nasdaq’s Listing Qualifications staff on December 9, 2025, after Nasdaq determined that an amendment to its articles of incorporation violated Nasdaq voting rights rules 5640 and IM-5640. The issue relates to extending the date when all Class B common stock will automatically convert into Class A common stock, an amendment approved by the board and stockholders on September 16, 2025.
Nasdaq decided to close the matter with this reprimand letter under Nasdaq Rule 5810(c)(4), with no further action planned. The company does not agree that the amendment violated the rules but will not appeal. The letter does not affect the listing of The Trade Desk’s Class A common stock on Nasdaq, and the amendment and the company’s dual-class share structure remain in full force and effect.
The Trade Desk (TTD) furnished a press release announcing its financial results for the quarter ended September 30, 2025, and disclosed that its board authorized an additional $500 million for the company’s share repurchase program in October 2025.
The repurchase authorization allows the company to buy shares of its Class A common stock but does not obligate it to repurchase any particular amount and may be modified, suspended, or terminated at the board’s discretion. The results release and buyback update were provided via Exhibit 99.1, with the information furnished rather than filed under the Exchange Act.
The Trade Desk, Inc. held a special stockholder meeting on September 16, 2025, where stockholders approved amendments to its articles of incorporation and bylaws. The amended articles change the date when all Class B common shares will automatically convert into Class A common shares to December 22, 2035 and add a waiver of jury trials for internal actions in line with recent Nevada law updates.
At the same meeting, stockholders also approved the possibility of adjourning the meeting to solicit additional proxies, although no adjournment was needed. Separately, the board adopted amended and restated bylaws, effective the same day, clarifying that the lead independent director may call special meetings of the independent directors at any time to discuss any topic an independent director deems appropriate.