How many subsidiaries does Trade Desk, Inc. file with the SEC?

18, listed in its most recent exhibit 21. They are incorporated across 17 jurisdictions, led by United Kingdom, Australia, Germany. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Trade Desk, Inc. financially healthy?

Trade Desk, Inc. scores 6 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Trade Desk, Inc. (TTD)

Nasdaq · Services-Computer Programming, Data Processing, Etc.

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

18 entities across 17 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-27 — see the exhibit.

Which other public companies file entities in the same places:

United Kingdom2 Australia1 Germany1 South Korea1 Singapore1 Japan1 Hong Kong1 France1 Spain1 Canada1 Italy1 India1

Subsidiaries of Trade Desk, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
The Trade Desk International Limited	United Kingdom
The UK Trade Desk Ltd	United Kingdom
The Trade Desk Australia PTY LTD	Australia
The Trade Desk GmbH	Germany
The Trade Desk Korea Yuhan Hoesa	South Korea
The Trade Desk (Singapore) PTE. LTD.	Singapore
The Trade Desk Japan K.K.	Japan
The Trade Desk Limited	Hong Kong
The Trade Desk France SAS	France
The Trade Desk Spain S.L.U.	Spain

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

6 / 7

PASSReturn on assets positiveROA 7.2%
PASSOperating cash flow positiveOCF 993M
PASSReturn on assets improving6.4% → 7.2%
PASSCash flow exceeds earningsOCF 993M vs NI 443M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving1.86 → 1.61
PASSNo share dilution502M → 494M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.40× → 0.47×

Altman Z-score

1.98grey

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$836.0M	$242.3M	$331.0M	—	48,988,000
FY2021	$1.2B	$137.8M	$323.7M	—	498,540,000
FY2022	$1.6B	$53.4M	$464.6M	—	499,925,000
FY2023	$1.9B	$178.9M	$551.5M	—	500,182,000
FY2024	$2.4B	$393.1M	$641.2M	—	501,924,000
FY2025

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $163.5M
2025Q1: $386.3M
2024Q1: $125.3M
2023Q1: $291.5M
2022Q1: $0

Identity

CIK: 0001671933
LEI: 549300GXPD31VT3E0P46
SIC: 7370 · Services-Computer Programming, Data Processing, Etc.
Incorporated: NV
Headquarters: VENTURA, CA

Ownership

Institutional: 84.9%
Institutions: 974
Insiders: 2.6%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-computer programming, data processing, etc. companies

Trade Desk, Inc. files under SIC 7370 — all 21 services-computer programming, data processing, etc. companies compared on assets and F-score.

Alphabet Inc.GOOGL Meta Platforms, Inc.META Flutter Entertainment plcFLUT Zoom Communications, Inc.ZM Snap IncSNAP People IncPPLI

Questions about Trade Desk, Inc.

How many subsidiaries does Trade Desk, Inc. file with the SEC?: 18, listed in its most recent exhibit 21. They are incorporated across 17 jurisdictions, led by United Kingdom, Australia, Germany. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Trade Desk, Inc. financially healthy?: Trade Desk, Inc. scores 6 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.