Company / R&D Expense
Trade Desk (The) R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$525.1M
FY2025
5-year range
$116.8M / $525.1M
FY2021-FY2025
Trend
+13.3%
vs FY2024
Sector context
#5 of 28
Communication Services
What the data says
Trade Desk (The)'s r&d expense of $525M is higher than 82% of companies in the Communication Services sector (FY2025). R&D Expense has increased for 7 consecutive years, from $27M in FY2018 to $525M in FY2025.
Based on SEC 10-K filings.
$525M in FY2025 with a 5-year CAGR of +44.3%. Top quartile in the Communication Services sector.
Improved from $412M to $525M over the past 2 years.
Communication Services sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +46.6%
- 5-Year CAGR
- +44.3%
- 10-Year CAGR
- -
Sector benchmark
-88.4% below sector average
Key checks
Key Insights
- Trade Desk (The)'s r&d expense has grown for 7 consecutive years.
- 5-year CAGR of +44.3%, indicating consistent growth.
- In FY2025, r&d expense increased 13.3% year-over-year.
- Ranks #5 out of 28 companies in the Communication Services sector.
Company context
Key Data Points
- Altman Z-Score 1.20 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $525.1M | +13.3% |
| FY2024 | $463.3M | +12.5% |
| FY2023 | $411.8M | +147.1% |
| FY2022 | $166.7M | +42.7% |
| FY2021 | $116.8M | +39.2% |
| FY2020 | $83.9M | +58.9% |
| FY2019 | $52.8M | +93.3% |
| FY2018 | $27.3M | -48.3% |
| FY2017 | $52.8M | +93.3% |
| FY2016 | $27.3M | +113.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026