Trade Desk, Inc. 8-K

What Happened

• Trade Desk, Inc. announced on January 26, 2026 that it is finalizing results for the quarter and year ended December 31, 2025 and expects to report revenue and adjusted EBITDA consistent with its previously issued guidance. The company plans to release full earnings on February 25, 2026.
• Effective January 24, 2026, Tahnil Davis was appointed principal accounting officer and interim chief financial officer. Alexander Kayyal’s employment as CFO, principal financial officer and principal accounting officer was terminated effective January 24, 2026; the company expects Mr. Kayyal to remain on the board through the 2026 annual meeting. The company will conduct an external search for a permanent CFO.

Key Details

• Earnings timing: full results for Q4 and FY2025 to be announced February 25, 2026; current expectation is revenue and adjusted EBITDA will be in line with prior guidance.
• Interim CFO: Tahnil Davis, age 55, has been with Trade Desk since April 2015 and most recently served as EVP, Chief Accounting Officer (since April 2023).
• Compensation terms (per the employment agreement disclosed): base salary $567,000; prorated target annual bonus of $267,500 for Jan 1–Jan 22, 2026 and $567,000 for Jan 23–Dec 31, 2026; and a prorated quarterly retention bonus of $187,500 for each quarter she serves as interim CFO and for three months after a permanent CFO starts.
• The company furnished a press release dated January 26, 2026 (Exhibit 99.1) with these announcements.

Why It Matters

• Investors get two main takeaways: (1) Trade Desk expects its Q4 and full-year 2025 financial results to align with prior guidance, which reduces near-term earnings uncertainty; and (2) the CFO role is transitioning to an internal interim leader, which may affect financial leadership and strategy until a permanent CFO is hired. The disclosed compensation details signal cost and retention measures tied to the interim arrangement.