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Trump Media & Technology Group (DJTWW) Financials

Trump Media & Technology Group logo
$3.47 +0.15 (+4.52%)
Closing price 08/14/2026 03:58 PM Eastern
Extended Trading
$3.24 -0.24 (-6.77%)
As of 08/14/2026 05:47 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Trump Media & Technology Group

Annual Income Statements for Trump Media & Technology Group

This table shows Trump Media & Technology Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-1.95 51 -58 -401 -712
Consolidated Net Income / (Loss)
-1.95 51 -58 -401 -712
Net Income / (Loss) Continuing Operations
-1.95 51 -58 -401 -712
Total Pre-Tax Income
-1.95 51 -58 -401 -712
Total Operating Income
-1.96 -23 -16 -186 -573
Total Gross Profit
-0.20 1.42 3.97 3.00 2.01
Total Revenue
0.00 1.47 4.13 3.62 3.68
Operating Revenue
- 1.47 4.13 3.62 3.68
Total Cost of Revenue
0.20 0.05 0.16 0.62 1.68
Operating Cost of Revenue
- 0.05 0.16 0.62 1.68
Total Operating Expenses
1.76 25 20 189 147
Selling, General & Admin Expense
0.97 10 8.88 131 119
Marketing Expense
- 0.63 1.28 6.38 2.50
Research & Development Expense
- 14 9.72 49 43
Depreciation Expense
- 0.06 0.06 2.93 7.42
Other Special Charges / (Income)
0.79 - 0.00 0.00 -25
Total Other Income / (Expense), net
0.01 74 -42 -215 -567
Interest Expense
- 2.04 39 3.63 27
Interest & Investment Income
0.01 0.00 0.00 15 -136
Other Income / (Expense), net
0.00 76 -2.79 -226 -403
Income Tax Expense
0.00 0.00 0.00 0.00 0.56
Net Income / (Loss) Attributable to Noncontrolling Interest
- - 0.00 0.00 -0.28
Basic Earnings per Share
($0.24) $0.58 ($0.67) ($2.36) ($2.80)
Weighted Average Basic Shares Outstanding
16.59M 87.50M 87.50M 169.63M 254.54M
Diluted Earnings per Share
($0.24) $0.58 ($0.67) ($2.36) ($2.80)
Weighted Average Diluted Shares Outstanding
16.59M 87.50M 87.50M 169.63M 254.54M
Weighted Average Basic & Diluted Shares Outstanding
- - 136.70M 220.07M 276.73M

Quarterly Income Statements for Trump Media & Technology Group

This table shows Trump Media & Technology Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders
-9.18 -328 -16 -19 -38 -32 -20 -55 -606 -406 -238
Consolidated Net Income / (Loss)
-9.18 -328 -16 -19 -38 -32 -20 -55 -606 -406 -238
Net Income / (Loss) Continuing Operations
-9.18 -328 -16 -19 -38 -32 -20 -55 -606 -406 -238
Total Pre-Tax Income
-9.18 -328 -16 -19 -38 -32 -20 -55 -606 -406 -238
Total Operating Income
-5.32 -98 -19 -24 -45 -40 -44 -58 -432 -293 -164
Total Gross Profit
0.71 0.68 0.80 0.89 0.63 0.48 0.54 0.53 0.46 -0.63 1.17
Total Revenue
0.75 0.77 0.84 1.01 1.00 0.82 0.88 0.97 1.01 0.87 1.67
Operating Revenue
0.75 0.77 0.84 1.01 1.00 0.82 0.88 0.97 1.01 0.87 1.67
Total Cost of Revenue
0.04 0.09 0.04 0.12 0.37 0.34 0.34 0.45 0.55 1.50 0.50
Operating Cost of Revenue
0.04 0.09 0.04 0.12 0.37 0.34 0.34 0.45 0.55 1.50 0.50
Total Operating Expenses
6.03 99 19 25 46 40 44 41 22 49 163
Selling, General & Admin Expense
3.21 65 13 18 35 25 29 31 34 38 36
Marketing Expense
0.30 1.07 1.18 2.19 1.95 0.50 0.56 0.72 0.73 0.69 1.98
Research & Development Expense
2.50 33 4.86 3.89 7.19 13 13 8.30 8.87 8.40 8.21
Depreciation Expense
0.01 0.01 0.00 0.76 2.16 1.78 1.83 1.90 1.90 1.87 1.87
Other Operating Expenses / (Income)
- - 0.00 0.00 - - 0.00 -0.98 - - 117
Other Special Charges / (Income)
- - - - - 0.00 0.00 - - -0.15 -1.81
Total Other Income / (Expense), net
-3.86 -229 2.29 4.41 7.72 7.81 24 -14 -584 -356 -76
Interest Expense
1.73 3.36 -0.16 0.25 0.18 0.19 4.11 11 12 11 12
Interest & Investment Income
- 0.03 2.13 4.65 7.91 8.00 28 13 -186 -101 -65
Income Tax Expense
0.00 0.00 0.00 0.00 - 0.00 0.31 0.08 0.17 0.10 0.10
Net Income / (Loss) Attributable to Noncontrolling Interest
- - 0.00 0.00 - 0.00 -0.02 -0.04 - -0.07 -0.08
Basic Earnings per Share
($0.11) ($3.61) ($0.10) ($0.10) $1.45 ($0.14) ($0.08) ($0.20) ($2.38) ($1.47) ($0.86)
Weighted Average Basic Shares Outstanding
87.50M 90.74M 166.73M 200.83M 169.63M 220.58M 240.51M 277.88M 254.54M 276.74M 277.28M
Diluted Earnings per Share
($0.11) ($3.61) ($0.10) ($0.10) $1.45 ($0.14) ($0.08) ($0.20) ($2.38) ($1.47) ($0.86)
Weighted Average Diluted Shares Outstanding
87.50M 90.74M 166.73M 200.83M 169.63M 220.58M 240.51M 277.88M 254.54M 276.74M 277.28M
Weighted Average Basic & Diluted Shares Outstanding
136.70M 176.70M 194.72M 216.92M 220.07M 220.62M 277.07M 280.00M 276.73M 276.95M 277.94M

Annual Cash Flow Statements for Trump Media & Technology Group

This table details how cash moves in and out of Trump Media & Technology Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
0.33 -8.93 -7.24 168 -4.35
Net Cash From Operating Activities
-1.14 -24 -9.73 -61 15
Net Cash From Continuing Operating Activities
-1.14 -24 -9.73 -61 15
Net Income / (Loss) Continuing Operations
-1.95 51 -58 -401 -712
Consolidated Net Income / (Loss)
-1.95 51 -58 -401 -712
Depreciation Expense
- 0.06 0.06 2.93 7.42
Amortization Expense
- 0.09 0.15 0.42 0.91
Non-Cash Adjustments To Reconcile Net Income
-0.01 -74 42 337 712
Changes in Operating Assets and Liabilities, net
0.82 -1.03 6.02 -0.28 7.09
Net Cash From Investing Activities
-293 -0.08 -0.00 -619 -2,267
Net Cash From Continuing Investing Activities
-293 -0.08 -0.00 -619 -2,267
Purchase of Property, Plant & Equipment
- -0.08 -0.00 -5.03 -0.57
Acquisitions
- 0.00 0.00 -7.00 0.00
Purchase of Investments
-293 0.00 0.00 -607 -956
Sale and/or Maturity of Investments
- - 0.00 0.00 325
Other Investing Activities, net
0.00 - 0.00 0.00 -1,636
Net Cash From Financing Activities
295 15 2.50 847 2,248
Net Cash From Continuing Financing Activities
295 15 2.50 847 2,248
Repayment of Debt
-0.22 0.00 -1.00 0.00 -20
Repurchase of Common Equity
-4.17 0.00 0.00 -2.91 -88
Issuance of Debt
0.22 15 3.50 47 960
Issuance of Common Equity
11 0.00 0.00 450 0.43
Other Financing Activities, net
288 0.00 0.00 353 1,396
Cash Interest Paid
- 0.00 0.00 0.13 0.37
Cash Income Taxes Paid
- 0.00 0.00 1.90 0.98

Quarterly Cash Flow Statements for Trump Media & Technology Group

This table details how cash moves in and out of Trump Media & Technology Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents
0.73 271 70 28 -202 -24 2,198 -1,842 -336 114 -33
Net Cash From Operating Activities
0.73 -9.32 -21 -22 -8.34 -9.74 2.30 10 12 18 -32
Net Cash From Continuing Operating Activities
0.73 -9.32 -21 -22 -8.34 -9.74 2.30 10 12 18 -32
Net Income / (Loss) Continuing Operations
-9.18 -328 -16 -19 -38 -32 -20 -55 -606 -406 -238
Consolidated Net Income / (Loss)
-9.18 -328 -16 -19 -38 -32 -20 -55 -606 -406 -238
Depreciation Expense
0.01 0.01 0.00 0.76 2.16 1.78 1.83 1.90 1.90 1.87 1.87
Amortization Expense
0.15 0.04 - - 0.22 0.22 0.23 0.23 0.23 0.25 0.26
Non-Cash Adjustments To Reconcile Net Income
8.19 313 -0.96 1.08 20 18 18 52 625 390 206
Changes in Operating Assets and Liabilities, net
1.56 5.11 -4.12 -4.68 7.01 1.95 2.59 11 -9.05 32 -1.43
Net Cash From Investing Activities
- 0.00 -2.14 -311 -306 -6.31 -126 -1,841 -294 96 -1.83
Net Cash From Continuing Investing Activities
- 0.00 -2.14 -311 -306 -6.31 -126 -1,841 -294 96 -1.83
Purchase of Property, Plant & Equipment
- 0.00 -2.14 -2.89 -0.00 -0.00 -0.55 -0.01 -0.00 -0.01 -0.00
Purchase of Investments
- 0.00 - - -306 -6.31 -125 -480 -344 -4.25 -1.91
Sale and/or Maturity of Investments
- - - - - 0.00 - 75 250 100 0.08

Annual Balance Sheets for Trump Media & Technology Group

This table presents Trump Media & Technology Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
294 300 3.36 938 2,630
Total Current Assets
0.57 0.17 2.98 784 1,203
Cash & Equivalents
0.33 0.00 2.57 170 135
Restricted Cash
- - - 0.00 31
Short-Term Investments
- - 0.00 607 1,027
Accounts Receivable
- - 0.08 0.02 0.24
Prepaid Expenses
0.24 0.17 0.33 7.46 9.99
Plant, Property, & Equipment, net
0.00 0.00 0.03 4.37 3.05
Total Noncurrent Assets
293 300 0.35 150 1,423
Noncurrent Note & Lease Receivables
- - - 0.00 200
Goodwill
- - 0.00 121 121
Intangible Assets
- - 0.00 25 20
Other Noncurrent Operating Assets
293 300 0.35 3.42 1,083
Total Liabilities & Shareholders' Equity
294 300 3.36 938 2,630
Total Liabilities
11 34 70 25 983
Total Current Liabilities
1.25 23 65 17 980
Short-Term Debt
0.00 2.88 0.16 0.00 947
Accounts Payable
- - 1.60 10 32
Current Deferred Revenue
- - 4.41 1.01 0.03
Other Current Liabilities
0.02 1.15 59 1.34 1.10
Total Noncurrent Liabilities
10 10 4.85 12 2.73
Long-Term Debt
- - 3.53 9.62 0.44
Noncurrent Deferred & Payable Income Tax Liabilities
- - - 0.00 0.56
Other Noncurrent Operating Liabilities
10 10 1.12 2.56 1.72
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-11 -32 -67 914 1,647
Total Preferred & Common Equity
-11 -32 -67 914 1,647
Preferred Stock
0.00 0.00 0.00 0.00 0.00
Total Common Equity
-11 -32 -67 914 1,647
Common Stock
0.00 0.00 0.00 3,862 5,360
Retained Earnings
-11 -32 -67 -2,945 -3,657
Other Equity Adjustments
- - - - -57
Noncontrolling Interest
- - - 0.00 0.15

Quarterly Balance Sheets for Trump Media & Technology Group

This table presents Trump Media & Technology Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets
304 307 310 274 356 838 919 3,247 3,265 2,236 2,019
Total Current Assets
0.31 0.16 3.29 274 354 682 767 3,097 1,650 1,052 949
Cash & Equivalents
0.15 0.08 3.29 234 344 372 146 1,344 166 249 215
Restricted Cash
- - - 40 - - - 1,000 336 31 31
Short-Term Investments
- - - - - 301 613 742 1,138 762 690
Accounts Receivable
- - - 0.05 0.02 0.01 0.03 0.32 0.30 4.17 0.34
Prepaid Expenses
0.16 0.08 0.00 0.32 9.55 9.23 7.87 11 10 10 13
Plant, Property, & Equipment, net
0.00 0.00 0.00 0.02 2.16 4.79 3.95 4.05 3.56 2.56 2.07
Total Noncurrent Assets
304 307 307 0.31 0.81 151 148 146 1,612 1,178 1,068
Noncurrent Note & Lease Receivables
- - - - - - - - - 200 200
Goodwill
- - - - - 132 121 121 121 121 121
Intangible Assets
- - - - - 16 24 23 21 18 17
Other Noncurrent Operating Assets
304 307 307 0.31 0.81 2.86 3.19 2.97 1,469 839 730
Total Liabilities & Shareholders' Equity
304 307 310 274 356 838 919 3,247 3,265 2,236 2,019
Total Liabilities
36 48 64 64 15 21 27 965 987 983 996
Total Current Liabilities
26 38 54 64 14 14 20 23 39 980 993
Short-Term Debt
2.88 2.88 2.88 50 0.28 5.48 4.87 4.97 4.69 958 970
Accounts Payable
1.17 - - 9.70 11 6.66 14 17 33 20 22
Current Deferred Revenue
- - - 3.72 2.92 1.96 0.25 0.00 0.02 1.07 0.40
Other Current Liabilities
1.08 2.43 2.91 0.26 0.26 0.26 1.16 1.14 1.12 1.35 1.12
Total Noncurrent Liabilities
10 10 10 0.16 0.53 6.86 7.27 942 948 3.22 3.04
Long-Term Debt
- - - 0.00 0.00 4.68 4.93 939 946 0.45 0.46
Noncurrent Deferred & Payable Income Tax Liabilities
- - - - - - - 0.31 0.39 0.66 0.76
Other Noncurrent Operating Liabilities
10 10 10 0.00 0.00 0.00 2.34 2.14 1.93 2.11 1.82
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-33 -44 -59 210 342 817 892 2,282 2,278 1,253 1,023
Total Preferred & Common Equity
-33 -44 -59 210 342 817 892 2,282 2,278 1,253 1,023
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
-33 -44 -59 210 342 817 892 2,282 2,278 1,253 1,023
Common Stock
0.00 0.00 0.00 3,082 3,230 3,727 3,880 5,290 5,347 5,372 5,380
Retained Earnings
-33 -44 -59 -2,872 -2,888 -2,908 -2,977 -2,997 -3,052 -4,063 -4,301
Treasury Stock
- - - - - -2.91 -11 -11 -18 -57 -57
Noncontrolling Interest
- - - - - - - 0.23 0.19 0.08 0.00

Annual Metrics And Ratios for Trump Media & Technology Group

This table displays calculated financial ratios and metrics derived from Trump Media & Technology Group's official financial filings.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
- - - - 220,624,508.00
DEI Adjusted Shares Outstanding
- - - - 220,624,508.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - -3.23
Growth Metrics
- - - - -
Profitability Metrics
- - - - -
Net Operating Profit after Tax (NOPAT)
-1.37 -23 -11 -130 -401
Return On Investment Capital (ROIC_SIMPLE)
- 79.89% 17.78% -14.05% -15.46%
Earnings before Interest and Taxes (EBIT)
-1.96 53 -19 -412 -976
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-1.96 53 -19 -409 -968
Valuation Ratios
- - - - -
Leverage & Solvency
- - - - -
Liquidity Ratios
- - - - -
Cash Flow Metrics
- - - - -
Free Cash Flow to Firm (FCFF)
0.00 -11 324 -346 -2,378
Efficiency Ratios
- - - - -
Capital & Investment Metrics
- - - - -
Invested Capital
282 270 -65 150 2,123
Increase / (Decrease) in Invested Capital
0.00 -12 -335 216 1,977
Book Value per Share
($0.28) ($0.86) ($1.80) $4.21 $6.47
Tangible Book Value per Share
($0.28) ($0.86) ($1.80) $3.54 $5.92
Total Capital
283 270 -63 927 2,594
Total Debt
0.00 2.88 3.89 13 947
Total Long-Term Debt
0.00 0.00 3.73 7.40 5.22
Net Debt
-0.33 2.87 1.32 -764 476
Capital Expenditures (CapEx)
0.00 0.08 0.00 5.03 0.57
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1.01 -20 -65 -3.97 694
Debt-free Net Working Capital (DFNWC)
-0.68 -20 -62 773 1,165
Net Working Capital (NWC)
-0.68 -23 -62 767 223
Net Nonoperating Expense (NNE)
0.58 -74 47 271 311
Net Nonoperating Obligations (NNO)
-0.33 2.87 1.32 -764 476
Total Depreciation and Amortization (D&A)
0.00 0.15 0.21 3.35 8.33
Earnings Adjustments
- - - - -
Adjusted Basic Earnings per Share
($0.16) ($0.82) $0.00 ($2.36) ($2.80)
Adjusted Weighted Average Basic Shares Outstanding
16.59M 37.21M 0.00 169.63M 254.54M
Adjusted Diluted Earnings per Share
($0.16) ($0.82) $0.00 ($2.36) ($2.80)
Adjusted Weighted Average Diluted Shares Outstanding
16.59M 37.21M 0.00 169.63M 254.54M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 220.07M 276.73M
Normalized Net Operating Profit after Tax (NOPAT)
-0.82 -23 -11 -130 -419
Debt Service Ratios
- - - - -
Payout Ratios
- - - - -

Quarterly Metrics And Ratios for Trump Media & Technology Group

This table displays calculated financial ratios and metrics derived from Trump Media & Technology Group's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding
- - - - - - - - 220,624,508.00 220,624,508.00 276,953,828.00
DEI Adjusted Shares Outstanding
- - - - - - - - 220,624,508.00 220,624,508.00 276,953,828.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - -2.74 -1.84 -0.86
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-48.89% -30.97% -29.80% -5.64% 33.13% 6.58% 5.54% -3.76% - 6.09% 89.03%
EBITDA Growth
38.00% -17,814.45% -769.69% -109.14% -489.92% 88.42% -122.78% -214.88% - -1,326.28% -289.33%
EBIT Growth
36.63% -17,975.89% -763.10% -115.80% -509.03% 87.81% -133.18% -212.26% - -1,259.43% -275.80%
NOPAT Growth
68.52% -2,457.34% -394.54% -680.68% -753.10% 59.80% -133.18% -143.75% - -642.35% -275.80%
Net Income Growth
-115.14% -155,677.32% 28.11% 26.06% -310.22% 90.32% -22.20% -184.95% - -1,179.32% -1,090.44%
EPS Growth
-110.00% 0.00% 61.54% 66.67% 1,418.18% 96.12% 20.00% -100.00% - -950.00% -975.00%
Operating Cash Flow Growth
103.20% -146.81% -496.10% -606.83% -1,237.07% -4.53% 110.74% 146.03% - 283.72% -1,470.63%
Free Cash Flow Firm Growth
49,053.33% 2,712.53% 1,988.44% 165.84% -174.57% -185.15% -168.90% -2,099.51% - -573.36% -496.64%
Invested Capital Growth
-124.25% -104.79% -100.56% -36.65% 329.30% 1,198.37% 9,624.41% 918.74% - 721.27% 650.65%
Revenue Q/Q Growth
-29.85% 133.38% 8.62% 20.79% -1.03% -17.92% 7.56% 10.14% - -13.33% 91.66%
EBITDA Q/Q Growth
33.42% -1,812.54% 94.25% -22.72% -87.80% 12.70% -10.43% -73.06% - 34.49% 69.86%
EBIT Q/Q Growth
32.03% -1,812.57% 94.25% -26.78% -91.81% 12.87% -10.05% -69.77% - 34.41% 69.58%
NOPAT Q/Q Growth
-75.53% -749.74% 81.03% -26.78% -91.81% 12.87% -10.05% -32.52% - 32.12% 44.29%
Net Income Q/Q Growth
64.75% -2,566.84% 95.00% -17.60% -95.59% 15.73% 36.96% -174.22% - 33.00% 41.34%
EPS Q/Q Growth
63.33% -544.64% 97.23% 0.00% 1,550.00% -109.66% 42.86% -150.00% - 38.24% 41.50%
Operating Cash Flow Q/Q Growth
123.70% -171.40% -130.12% -2.09% 61.88% -16.72% 123.65% 337.39% - 47.62% -276.45%
Free Cash Flow Firm Q/Q Growth
1,096.05% -24.62% 16.59% -70.61% -435.52% 25.93% 5.66% -752.81% - 20.80% 16.41%
Invested Capital Q/Q Growth
-126.58% 45.08% 88.60% 10,648.21% -3.80% -5.03% -1.16% 1,028.25% - -16.46% -9.66%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
94.53% 87.88% 95.67% 87.80% 63.41% 59.00% 61.18% 54.08% - -72.29% 70.06%
EBITDA Margin
-969.78% -42,084.75% -2,229.04% -2,264.57% -4,297.15% -4,570.60% -4,692.48% -7,372.76% - -61,448.32% -9,664.67%
Operating Margin
-707.73% -12,764.78% -2,229.48% -2,339.96% -4,535.04% -4,814.30% -4,925.62% -5,926.45% - -33,687.78% -9,792.42%
EBIT Margin
-991.35% -42,085.48% -2,229.48% -2,339.96% -4,535.04% -4,814.30% -4,925.62% -7,592.04% - -61,690.69% -9,792.42%
Profit (Net Income) Margin
-1,221.25% -42,517.81% -1,955.79% -1,904.09% -3,762.99% -3,863.44% -2,264.45% -5,637.63% - -46,589.10% -14,260.71%
Tax Burden Percent
100.01% 100.00% 100.00% 100.00% 100.00% 100.00% 101.58% 100.15% - 100.02% 100.04%
Interest Burden Percent
123.18% 101.03% 87.72% 81.37% 82.98% 80.25% 45.26% 74.14% - 75.50% 145.57%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Return on Invested Capital (ROIC)
-20.02% 0.00% 0.00% 0.00% -271.52% -190.93% -183.85% -17.49% - -134.09% -51.70%
ROIC Less NNEP Spread (ROIC-NNEP)
-280.30% 0.00% 0.00% 0.00% -269.98% -190.10% -184.69% -15.34% - -85.89% -39.97%
Return on Net Nonoperating Assets (RNNOA)
-5.87% 0.00% 0.00% 0.00% 243.00% 167.75% 174.88% 6.69% - 33.31% 25.48%
Return on Equity (ROE)
-25.89% -145.98% -114.02% -63.22% -28.52% -23.18% -8.97% -10.80% - -100.78% -26.23%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% -11.96% -230.39% -171.60% -176.62% -179.17% - -244.77% -263.63%
Operating Return on Assets (OROA)
-26.96% 0.00% 0.00% 0.00% -34.86% -29.61% -10.16% -13.61% - -145.96% -16.81%
Return on Assets (ROA)
-33.21% 0.00% 0.00% 0.00% -28.92% -23.76% -4.67% -10.11% - -110.23% -24.47%
Return on Common Equity (ROCE)
12.77% -54.12% -56.40% -45.02% -28.52% -23.18% -8.97% -10.80% - -100.77% -26.23%
Return on Equity Simple (ROE_SIMPLE)
0.00% -166.11% -100.35% -41.16% 0.00% -11.77% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-3.72 -69 -13 -17 -32 -28 -30 -40 -303 -205 -114
NOPAT Margin
-495.41% -8,935.34% -1,560.63% -1,637.98% -3,174.53% -3,370.01% -3,447.93% -4,148.51% - -23,581.44% -6,854.69%
Net Nonoperating Expense Percent (NNEP)
260.28% -234.67% -1.94% -0.81% -1.54% -0.83% 0.84% -2.15% - -48.20% -11.74%
Return On Investment Capital (ROIC_SIMPLE)
5.92% - - - -3.43% -3.07% -0.94% -1.25% -11.67% -9.29% -5.74%
Cost of Revenue to Revenue
5.47% 12.12% 4.33% 12.20% 36.59% 41.00% 38.82% 45.92% - 172.29% 29.94%
SG&A Expenses to Revenue
427.41% 8,409.49% 1,603.37% 1,750.62% 3,468.88% 3,066.00% 3,239.88% 3,192.12% - 4,354.57% 2,152.24%
R&D to Revenue
333.13% 4,303.52% 580.91% 385.17% 718.68% 1,530.07% 1,476.40% 853.35% - 964.43% 491.48%
Operating Expenses to Revenue
802.26% 12,852.65% 2,325.15% 2,427.77% 4,598.45% 4,873.30% 4,986.80% 4,213.73% - 5,595.13% 9,753.96%
Earnings before Interest and Taxes (EBIT)
-7.45 -324 -19 -24 -45 -40 -44 -74 -819 -537 -164
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-7.29 -324 -19 -23 -43 -38 -41 -72 -817 -535 -161
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 10.96 16.94 3.83 8.10 4.82 1.74 1.59 - 0.00 2.10
Price to Tangible Book Value (P/TBV)
0.00 10.96 16.94 4.68 9.64 5.76 1.86 1.70 - 0.00 2.42
Price to Revenue (P/Rev)
157.50 0.00 0.00 0.00 2,044.08 1,171.84 1,071.09 984.98 - 0.00 474.36
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 15.82 44.21 24.92 13.06 1.85 - 0.00 2.06
Enterprise Value to Revenue (EV/Rev)
157.82 0.00 0.00 0.00 1,833.09 967.68 494.91 797.68 - 0.00 481.99
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 255.77
Enterprise Value to Free Cash Flow (EV/FCFF)
2.01 10.70 33.20 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
-0.06 0.24 0.00 0.02 0.01 0.01 0.41 0.42 - 0.77 0.95
Long-Term Debt to Equity
-0.06 0.00 0.00 0.01 0.01 0.01 0.41 0.42 - 0.00 0.00
Financial Leverage
0.02 -0.46 -0.57 -0.62 -0.90 -0.88 -0.95 -0.44 - -0.39 -0.64
Leverage Ratio
1.52 1.21 1.10 1.08 1.11 1.08 1.37 1.33 - 1.47 1.59
Compound Leverage Factor
1.87 1.22 0.97 0.88 0.92 0.87 0.62 0.98 - 1.11 2.32
Debt to Total Capital
-6.19% 19.36% 0.24% 1.49% 1.43% 1.09% 29.27% 29.44% - 43.35% 48.68%
Short-Term Debt to Total Capital
-0.26% 19.30% 0.08% 0.66% 0.63% 0.54% 0.15% 0.15% - 43.33% 48.66%
Long-Term Debt to Total Capital
-5.93% 0.06% 0.15% 0.83% 0.80% 0.55% 29.11% 29.30% - 0.02% 0.02%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% - 0.00% 0.00%
Common Equity to Total Capital
106.20% 80.64% 99.76% 98.51% 98.57% 98.91% 70.73% 70.55% - 56.65% 51.32%
Debt to EBITDA
-0.21 -0.14 -0.01 -0.08 -0.03 -0.08 -6.52 -4.91 - -0.65 -1.03
Net Debt to EBITDA
-0.07 0.62 2.41 4.05 1.87 6.15 14.79 3.56 - 0.06 -0.04
Long-Term Debt to EBITDA
-0.20 0.00 0.00 -0.04 -0.02 -0.04 -6.49 -4.88 - 0.00 0.00
Debt to NOPAT
-0.35 -0.56 -0.01 -0.11 -0.10 -0.11 -8.87 -7.30 - -1.66 -1.46
Net Debt to NOPAT
-0.12 2.50 3.44 5.78 5.86 8.41 20.12 5.29 - 0.14 -0.05
Long-Term Debt to NOPAT
-0.33 0.00 -0.01 -0.06 -0.06 -0.06 -8.82 -7.26 - 0.00 0.00
Altman Z-Score
-50.53 3.91 223.83 84.47 176.14 91.05 2.27 1.41 - 0.00 -1.98
Noncontrolling Interest Sharing Ratio
149.32% 62.93% 50.54% 28.79% 0.00% 0.00% 0.01% 0.01% - 0.00% 0.01%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.05 4.28 24.73 47.49 45.33 38.41 132.60 42.78 - 1.07 0.96
Quick Ratio
0.04 3.65 24.06 46.85 44.90 38.02 89.32 33.81 - 1.04 0.91
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
332 215 251 74 -247 -183 -173 -1,474 -2,279 -1,233 -1,031
Operating Cash Flow to CapEx
0.00% 0.00% -1,000.90% -757.47% -320,873.08% -304,306.25% 416.85% 71,953.57% - 245,068.49% -1,018,287.10%
Free Cash Flow to Firm to Interest Expense
192.04 64.02 0.00 298.73 -1,348.99 -980.50 -42.09 -128.42 - -107.53 -87.85
Operating Cash Flow to Interest Expense
0.42 -2.77 0.00 -88.71 -45.51 -52.13 0.56 0.88 - 1.56 -2.69
Operating Cash Flow Less CapEx to Interest Expense
0.42 -2.77 0.00 -100.43 -45.53 -52.15 0.43 0.88 - 1.56 -2.69
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.03 0.00 0.00 0.00 0.01 0.01 0.00 0.00 - 0.00 0.00
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 73.55 91.39 22.20 23.46 - 1.78 13.84
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Fixed Asset Turnover
0.00 0.00 0.00 0.00 1.65 1.84 1.20 0.88 - 1.15 1.48
Accounts Payable Turnover
0.00 0.06 0.00 0.00 0.11 0.07 0.08 0.08 - 0.17 0.15
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 4.96 3.99 16.44 15.56 - 205.62 26.37
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Payable Outstanding (DPO)
0.00 5,929.56 0.00 0.00 3,469.62 4,949.43 4,383.00 4,817.57 - 2,143.96 2,377.50
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 -3,464.66 -4,945.43 -4,366.55 -4,802.01 - -1,938.35 -2,351.13
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
-65 -13 -1.48 156 150 143 141 1,589 2,123 1,170 1,057
Invested Capital Turnover
0.04 0.00 0.00 0.00 0.09 0.06 0.05 0.00 - 0.01 0.01
Increase / (Decrease) in Invested Capital
-335 -284 -264 -90 216 155 142 1,433 1,977 1,028 916
Enterprise Value (EV)
652 2,080 5,444 2,469 6,634 3,551 1,839 2,934 - 0.00 2,178
Market Capitalization
651 2,304 5,787 3,129 7,397 4,300 3,980 3,623 - 0.00 2,144
Book Value per Share
($1.80) $2.32 $1.93 $4.19 $4.21 $4.05 $10.34 $8.20 $6.47 $4.53 $3.69
Tangible Book Value per Share
($1.80) $2.32 $1.93 $3.43 $3.54 $3.39 $9.69 $7.69 $5.92 $4.02 $3.20
Total Capital
-63 261 342 829 927 901 3,226 3,229 2,594 2,211 1,993
Total Debt
3.89 50 0.81 12 13 9.80 944 951 947 959 970
Total Long-Term Debt
3.73 0.16 0.53 6.86 7.40 4.93 939 946 5.22 0.45 0.46
Net Debt
1.32 -223 -343 -661 -764 -749 -2,141 -689 476 -83 34
Capital Expenditures (CapEx)
0.00 0.00 2.14 2.89 0.00 0.00 0.55 0.01 0.00 0.01 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-65 -13 -4.45 0.37 -3.97 -7.19 -7.22 -24 694 -12 -10
Debt-free Net Working Capital (DFNWC)
-62 260 340 673 773 752 3,078 1,616 1,165 1,030 926
Net Working Capital (NWC)
-62 210 339 668 767 747 3,073 1,612 223 71 -44
Net Nonoperating Expense (NNE)
5.45 259 3.31 2.69 5.89 4.05 -10 14 303 200 124
Net Nonoperating Obligations (NNO)
1.32 -223 -343 -661 -764 -749 -2,141 -689 476 -83 34
Total Depreciation and Amortization (D&A)
0.16 0.01 0.00 0.76 2.38 2.00 2.06 2.13 2.14 2.11 2.13
Debt-free, Cash-free Net Working Capital to Revenue
-1,566.33% 0.00% 0.00% 0.00% -109.58% -195.88% -194.34% -640.35% - -309.80% -226.31%
Debt-free Net Working Capital to Revenue
-1,504.05% 0.00% 0.00% 0.00% 21,355.64% 20,487.63% 82,842.51% 43,945.91% - 27,582.64% 20,482.97%
Net Working Capital to Revenue
-1,507.93% 0.00% 0.00% 0.00% 21,193.67% 20,354.83% 82,708.82% 43,818.41% - 1,913.25% -978.90%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.11) ($3.61) ($0.10) ($0.10) $1.45 ($0.14) ($0.08) ($0.20) ($2.38) ($1.47) ($0.86)
Adjusted Weighted Average Basic Shares Outstanding
87.50M 90.74M 166.73M 200.83M 169.63M 220.58M 240.51M 277.88M 254.54M 276.74M 277.28M
Adjusted Diluted Earnings per Share
($0.11) ($3.61) ($0.10) ($0.10) $1.45 ($0.14) ($0.08) ($0.20) ($2.38) ($1.47) ($0.86)
Adjusted Weighted Average Diluted Shares Outstanding
87.50M 90.74M 166.73M 200.83M 169.63M 220.58M 240.51M 277.88M 254.54M 276.74M 277.28M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
136.70M 176.70M 194.72M 216.92M 220.07M 220.62M 277.07M 280.00M 276.73M 276.95M 277.94M
Normalized Net Operating Profit after Tax (NOPAT)
-3.72 -69 -13 -17 -32 -28 -30 -40 -303 -206 -116
Normalized NOPAT Margin
-495.41% -8,935.34% -1,560.63% -1,637.98% -3,174.53% -3,370.01% -3,447.93% -4,148.51% - -23,593.65% -6,930.66%
Pre Tax Income Margin
-1,221.10% -42,517.81% -1,955.79% -1,904.09% -3,762.99% -3,863.44% -2,229.32% -5,628.93% - -46,577.75% -14,254.78%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-4.31 -96.51 0.00 -95.88 -247.53 -211.64 -10.60 -6.44 - -46.86 -13.93
NOPAT to Interest Expense
-2.16 -20.49 0.00 -67.12 -173.27 -148.15 -7.42 -3.52 - -17.91 -9.75
EBIT Less CapEx to Interest Expense
-4.31 -96.51 0.00 -107.60 -247.55 -211.66 -10.73 -6.44 - -46.86 -13.93
NOPAT Less CapEx to Interest Expense
-2.16 -20.49 0.00 -78.83 -173.29 -148.17 -7.55 -3.52 - -17.91 -9.75
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% -0.73% -10.63% -41.94% -34.02% - -7.34% -3.48%

Financials Breakdown Chart

Key Financial Trends

Trump Media & Technology Group (NASDAQ: DJT) continues to show a very mixed financial profile: the balance sheet still carries substantial liquidity, but profitability remains deeply negative and operating cash flow has weakened versus the prior year. Over the last several quarters, revenue has been roughly flat at a very low level while costs and non-operating items have kept losses large.

  • Liquidity remains substantial. As of Q1 2026, DJT reported $249.1 million in cash and equivalents, $761.5 million in short-term investments, and $30.5 million in restricted cash, giving the company a sizable cash/investment base.
  • Operating cash flow turned positive in Q1 2026. Net cash from operating activities was $17.9 million, a notable improvement from negative operating cash flow in most of 2024 and 2025 quarters.
  • Investments are still a meaningful source of cash. The company generated $95.7 million of net cash from investing activities in Q1 2026, helped by $100 million of investment sales.
  • Quarterly losses improved from the prior quarter. Q1 2026 net loss was $405.9 million, better than the $605.8 million loss in Q4 2025, though still very large.
  • Revenue ticked up slightly year over year. Q1 2026 revenue was $871,200 versus $821,200 in Q1 2025, and quarterly revenue has generally stayed in the same narrow range.
  • Operating scale remains very small. Revenue was only $871,200 in Q1 2026, which is still tiny relative to the company’s expense base and asset structure.
  • Gross profit remains negative in Q1 2026. Cost of revenue of $1.5 million exceeded revenue, producing a gross loss of about $629,800.
  • Shares outstanding have been rising over time. Weighted average basic shares were 276.7 million in Q1 2026, up from 220.6 million in Q1 2025 and 169.6 million in Q4 2024, which can pressure per-share results.
  • Losses remain extremely large. DJT posted a Q1 2026 net loss of $405.9 million and a pre-tax loss of $405.8 million, showing the business is still far from profitability.
  • Operating expenses are far above revenue. Q1 2026 operating expenses were $48.7 million on less than $1 million of revenue, and the company has consistently run at a deep operating loss.
  • Q1 2026 cash flow quality was driven by non-cash items and asset sales. Operating cash flow was positive, but that came after $389.6 million of non-cash adjustments and was supported by $100 million of investment sales rather than core earnings power.
  • Balance sheet leverage increased materially from 2024. Total debt at Q1 2026 was about $958.6 million combined short-term and long-term debt, up sharply from the much smaller debt load seen in early 2024.
  • Equity has deteriorated relative to the scale of losses. Retained earnings were deeply negative at -$4.06 billion in Q1 2026, reflecting years of cumulative losses.

Bottom line: DJT still has a large liquidity cushion, but the core business continues to produce minimal revenue and substantial losses. The key trend to watch is whether the company can convert its asset base and investment portfolio into durable operating cash flow, rather than relying on one-time financial gains and balance sheet support.

08/16/26 11:18 PM ETAI Generated. May Contain Errors.

Trump Media & Technology Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Trump Media & Technology Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Trump Media & Technology Group's net income appears to be on an upward trend, with a most recent value of -$712.34 million in 2025, rising from -$1.95 million in 2021. The previous period was -$400.86 million in 2024.

Trump Media & Technology Group's total operating income in 2025 was -$573.04 million, based on the following breakdown:
  • Total Gross Profit: $2.01 million
  • Total Operating Expenses: $146.82 million

Over the last 4 years, Trump Media & Technology Group's total revenue changed from $0.00 in 2021 to $3.68 million in 2025, a change of 368,260,000.0%.

Trump Media & Technology Group's total liabilities were at $982.82 million at the end of 2025, a 3,879.5% increase from 2024, and a 8,587.7% increase since 2021.

In the past 4 years, Trump Media & Technology Group's cash and equivalents has ranged from $989.00 in 2022 to $170.24 million in 2024, and is currently $134.56 million as of their latest financial filing in 2025.

Over the last 4 years, Trump Media & Technology Group's book value per share changed from -0.28 in 2021 to 6.47 in 2025, a change of -2,377.2%.



Financial statements for NASDAQ:DJTWW last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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