Trade Desk, Inc.
TTDQ4 2025(TTD Q3 FY2025)Estimated15% AI
AI Revenue %
15%
AI Fair Value
$632.5M
AI Revenue (Q)
$255.6M
Total Revenue (Q)
$1.7B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
The Q3 FY2025 10-Q (period ending 9/30/2025) is the FIRST filing to mention 'artificial intelligence' and 'AI' -- the company description now reads: 'The platform's depth, artificial intelligence (AI) capabilities and rich ecosystem of inventory, publisher and data partner integrations enable superior reach and decisioning for clients.' This is the first explicit acknowledgment of AI as a platform capability in SEC filings, though no dollar figures or percentages are provided. Single operating segment. Revenue = $739.4M (18% YoY growth). Upgrading to 15% to reflect the company's own SEC acknowledgment that AI capabilities are now a core platform differentiator. This still does not approach the level of a 'reported' or 'stated' confidence -- the mention is a qualitative business description, not a quantified revenue disclosure. $110.9M AI / $739.4M total = 15.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $ 739,433 [thousands]
10-Q for period ending September 30, 2025, Condensed Consolidated Statements of Operations
The platform's depth, artificial intelligence (AI) capabilities and rich ecosystem of inventory, publisher and data partner integrations enable superior reach and decisioning for clients.
10-Q for Q3 FY2025, Note 1 Nature of Operations
The Company has one primary business activity, its advertising technology platform... Accordingly, the Company operates in one operating segment on a consolidated basis: advertising technology platform.
10-Q for Q3 FY2025, Note 10 Segment and Geographic Information
AI Products Identified (Ring 1)
Kokai AI bidding engineAI-powered audience targetingPredictive campaign optimizationAI-driven measurementPlatform AI capabilities (first SEC mention)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Connected TV (CTV) targetingCross-device identity resolutionUnified ID 2.0Value-added servicesOpenPass
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix