{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000805","form_type":"8-K","ticker":"TTD","cik":"0001671933","company_name":"Trade Desk, Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.966684+00:00","generated_at":"2026-06-15T06:34:27.807499+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Trade Desk Q1 rev $383M (+21% YoY); CFO Grayson leaves, Schenkein promoted; Q2 rev guide $452M+","bullets":["Q1 rev $383M (+21% YoY); GAAP net income $9M vs $(15M) loss; diluted EPS $0.02 vs $(0.03).","Non-GAAP: Adj EBITDA $109M (28% margin); Non-GAAP diluted EPS $0.23.","Q2 guidance: rev at least $452M, Adj EBITDA ~$160M.","CFO Blake Grayson stepping down May 31; Laura Schenkein promoted, effective June 1 (base $575k, target bonus $575k, equity $4M).","Repurchased $293M of stock in Q1; $407M remaining authorization."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000805","json":"https://secwatch.observer/filing/0001157523-23-000805.json","markdown":"https://secwatch.observer/filing/0001157523-23-000805.md","text":"https://secwatch.observer/filing/0001157523-23-000805.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/a53397135.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:34:27.807499+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"76de4193db4818b1fcb6ab94a4b57054343c9aec","claim":"Trade Desk, Inc. reported first quarter ended March 31, 2023 results: revenue $383 million, net income $9 million, EPS $0.02 per diluted share.","evidence_excerpt":"ended March 31, 2023. “We delivered outstanding performance in the first quarter, once again outpacing the digital advertising market, growing revenue 21% year-over-year to $383 million. Our strong start to the year is testament to the increasing value that marketers place on objective, transparent, data-driven media buying on the open internet,” said Jeff","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$383 million"},{"label":"Net income","value":"$9 million"},{"label":"EPS","value":"$0.02 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b1cb1c5c7f6476832e9ef4efe3c39a6f1a68ad64","claim":"Trade Desk, Inc. reported second quarter 2023 results: revenue at least $452 million. Guidance initiated.","evidence_excerpt":"Second Quarter 2023 outlook summary: Revenue at least $452 million Adjusted EBITDA of approximately $160 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Revenue","value":"at least $452 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"682ab130e8","claim":"Laura Schenkein was appointed as chief financial officer at Trade Desk, Inc..","evidence_excerpt":"Laura Schenkein, age 39, will succeed Mr. Grayson as the Company’s new chief financial officer effective as of June 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"chief financial officer"}],"fact_type":"executive_change"},{"claim_id":"71df0f1c79","claim":"Blake Grayson departed as chief financial officer at Trade Desk, Inc..","evidence_excerpt":"On May 5, 2023, Blake Grayson, the Company’s chief financial officer, informed the Company that he will be stepping down from his current position effective as of May 31, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1671933/000115752323000805/0001157523-23-000805-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"stepping down"},{"label":"Role","value":"chief financial officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}