Trade Desk (TTD) closed on October 16, 2026 at $12.23 a share, 91.2% below its December 4, 2024 high, with a market value of $5.7 billion. Its free cash flow over the last twelve months equals 14.8% of that value, versus 4.4% for the median S&P 500 company. Free cash flow for the four quarters ended June 30, 2026 reached $849 million, up from $746 million, even though net income still declined. However, management guided fiscal Q3 2026 revenue to at least $650 million, below $739 million a year earlier, and cut 15% of staff in September. The next report, due around November 5, 2026, will show whether cash keeps growing as sales slow.
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