Trump Media & Technology Group Corp. (DJT) financials

NASDAQ · Communication Services · Internet Content & Information · 31 employees · CEO Devin G. Nunes

Price: $5.59 -3.29%
Market cap: $1.55B
Enterprise value: $1.35B
Last report: Q2 '26 filed 2026-08-10
Next report: 2026-11-06

Revenue (TTM)$4.52M+21.6% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)-4,052.3%+40.1 pp vs a year agoOperating income -$183M

Net income (TTM)-$1.3B-1,100.7% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$8.49M+117.6% vs a year agoCapex $28.2K

Diluted EPS (TTM)-$4.72-865.4% vs a year agoSum of the last 4 quarters

Net cash$416M-79.4% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $1.55B
Revenue: $4.52M
Revenue growth: –
Profit margin: -28,857.7%
P/E: -1.2×
P/S: 343.8×
EV / EBITDA: -1.3×
Free cash flow: $8.49M
Net income: -$1.3B
Revenue estimate: –
Earnings: 2026-11-06
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Revenue growth accelerating: 89.0% year on yearQ2 '26 revenue $1.67M, against an average of 2.1% over the four quarters before.
Operating margin -4,052.3% (TTM), +40.1 pp on a year agoOperating income grew -20.4% while revenue grew 21.6%.
Capex 0.6% of revenue (a year ago 281.2%)$28.2K invested in the last 4 quarters (-99.7% on a year earlier). Free cash flow $8.49M.
Returned $45.4M to shareholders = 534.4% of free cash flowBuybacks $45.4M (a year earlier $11.2M), dividends $0, stock-based pay $31.7M (TTM). More than the free cash flow: paid from cash or debt.
Diluted share count up 15.3% in a year277M diluted shares in Q2 '26, 241M a year earlier.
Net cash $416MCash + short-term investments $425M, debt incl. leases $8.37M; a year ago net cash $2.02B.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q2 '26	Year ago	Change
Revenue	$1.67M	$883K	+89.0%
Gross margin	-41.9%	61.2%	-103.1 pp
Operating income	-$46.8M	-$43.5M	-7.6%
Operating margin	-2,804.1%	-4,925.6%	+2,121.5 pp
Net income	-$238M	-$20M	-1,090.6%
Diluted EPS	-$0.86	-$0.08	-934.9%
Operating cash flow	-$31.6M	$2.3M	-1,470.6%
Capex	$3.1K	$553K	-99.4%
Free cash flow	-$31.6M	$1.75M	-1,903.4%
R&D	$8.21M	$13M	-37.1%
Stock-based compensation	$8.08M	$0	–

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $8.52M
Capex: -$28.2K
Buybacks: -$45.4M
Dividends: $0
Acquisitions: $0
Net debt issued: $14.5M
Stock-based compensation: $31.7M
Free cash flow: $8.49M
Returned to shareholders / FCF: 534.4%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	-1.2×	99.1× 1 of 5 years	99.1× – 99.1×
EV / EBITDA	-1.3×	95.8× 1 of 5 years	95.8× – 95.8×
EV / Sales	298.0×	1,838.1× 4 of 5 years	1,128.4× – 3,434.8×
Price / FCF	183.1×	237.6× 1 of 5 years	237.6× – 237.6×
Price / Book	1.5×	4.2× 2 of 5 years	2.0× – 6.3×
FCF yield	0.5%	-0.3%	-1.3% – 0.4%
Return on invested capital	-17.7%	121.9%	-34.8% – 590.4%
Return on equity	-84.1%	-97.9%	-589.4% – 100.0%

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 220 figures Trump Media & Technology Group Corp. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	$598M	–	–	–	–	–
	$117M	$0	–	–	–	–
	$200M	–	–	–	–	–
	$11.7M	$4.11M	+185.9%	–	–	–
Accounts Payable and Accrued Liabilities, Current	$21.8M	$17.2M	+26.4%	$32.3M	$10.2M	+217.6%
Accounts Payable, Current	$1.62M	$5.18M	-68.8%	$3.85M	$1.48M	+159.4%
Accounts Receivable, after Allowance for Credit Loss, Current	$336K	$317K	+5.8%	$245K	$17.4K	+1,305.2%
Accrued Income Taxes, Current	$8.9K	$0	–	$200	$733K	-100.0%
Accrued Liabilities, Current	–	–	–	$3.29M2024-12-31	$47.1M	-93.0%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$2.71M2025-12-31	$823K	+229.4%	$2.71M	$823K	+229.4%
Additional Paid in Capital	$5.38B	–	–	$02023-12-31	$0	–
Additional Paid in Capital, Common Stock	$5.37B2026-03-31	$3.88B	+38.5%	$5.36B	$3.86B	+38.8%
Amortization of Intangible Assets	$1.38M	$1.38M	0.0%	$5.53M	$2.24M	+147.4%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	985K	28M	-96.5%	42.5M	12.9M	+230.4%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$8.08M	$17.7M	-54.5%	–	–	–
Assets	$2.02B	$3.25B	-37.8%	$2.63B	$938M	+180.3%
Assets, Current	$949M	$3.1B	-69.4%	$1.2B	$784M	+53.4%
Capital Units, Authorized	1B2025-12-31	–	–	1B	–	–
Cash and Cash Equivalents, at Carrying Value	$215M	$1.34B	-84.0%	$135M	$170M	-21.0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$246M	$2.34B	-89.5%	$166M	$170M	-2.6%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$246M	$2.34B	-89.5%	–	–	–
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	$114M2026-03-31	-$24.1M	+571.7%	-$4.35M	$168M	-102.6%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	–	–	–	$394K2023-12-31	-$327K	+220.6%
Class of Warrant or Right, Outstanding	11M	–	–	–	–	–
Common Stock, Par or Stated Value Per Share	$0.00	$0.00	0.0%	$0.00	$0.00	0.0%
Common Stock, Shares Authorized	999M	999M	0.0%	999M	999M	0.0%
Common Stock, Shares, Issued	278M	277M	+0.2%	277M	221M	+25.4%
Common Stock, Shares, Outstanding	278M	–	–	277M	221M	+25.4%
Common Stock, Value, Issued	$28.2K	$27.8K	+1.4%	$28.1K	$22.1K	+27.1%
Contract with Customer, Liability, Current	$401K	$0	–	$30.4K	$1.01M	-97.0%
Contract with Customer, Liability, Revenue Recognized	$0	–	–	–	–	–
Convertible Notes Payable	$946M2025-09-30	$106M	+791.2%	$106M2024-12-31	$45.3M	+134.0%
Convertible Notes Payable, Current	$965M	–	–	$02024-12-31	$41.8M	-100.0%
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization	$500K	$343K	+45.8%	–	–	–
Cost of Revenue	$1.5M2026-03-31	$337K	+345.8%	$1.68M	$619K	+170.6%
Costs and Expenses	$165M	$44.4M	+272.1%	$577M	$190M	+204.1%
CryptoAssetCost	$1.12B	–	–	$1.24B	$0	–
CryptoAssetFairValueNoncurrent	$700M2026-03-31	–	–	$904M	$0	–
CryptoAssetRealizedAndUnrealizedGainLossOperating	-$244M2026-03-31	$0	–	-$403M	$0	–
CryptoAssetUnrealizedGainNonoperating	$39.7M2026-03-31	–	–	$472K	–	–
Debt Instrument, Collateral Amount	$349M2025-12-31	$567M	-38.4%	$349M	$567M	-38.4%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$18.7M	$66.2M	-71.8%	$41.9M	–	–
Deferred Income Tax Liabilities, Net	$758K	$310K	+144.2%	$560K	$0	–
Deferred Revenue, Revenue Recognized	$30.4K2026-03-31	–	–	$1.01M	–	–
Deferred Tax Assets, Deferred Income	$7.3K2025-12-31	$0	–	$7.3K	$0	–
Deferred Tax Assets, Goodwill and Intangible Assets	$1.27M2025-12-31	$0	–	$1.27M	$0	–
Deferred Tax Assets, Gross	$210M2025-12-31	$34.6M	+505.3%	$210M	$34.6M	+505.3%
Deferred Tax Assets, Net	$206M2025-12-31	$33.7M	+513.1%	$206M	$33.7M	+513.1%
Deferred Tax Assets, Net of Valuation Allowance	$560K2025-12-31	$0	–	$560K	$0	–
Deferred Tax Assets, Operating Loss Carryforwards	$60.1M2025-12-31	$31.5M	+91.1%	$60.1M	$31.5M	+91.1%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	$2.74M2025-12-31	$0	–	$2.74M	$0	–
Deferred Tax Assets, Valuation Allowance	$207M2025-12-31	$33.7M	+514.7%	$207M	$33.7M	+514.7%
Deferred Tax Liabilities, Gross	$3.3M2025-12-31	$976K	+237.6%	$3.3M	$976K	+237.6%
Deferred Tax Liabilities, Intangible Assets	$2.8M2025-12-31	$396K	+606.5%	$2.8M	$396K	+606.5%
Deferred Tax Liabilities, Property, Plant and Equipment	$494K2025-12-31	$580K	-14.7%	$494K	$580K	-14.7%
Depreciation	$510K2025-12-31	$427K	+19.3%	$1.89M	$697K	+170.8%
Depreciation, Depletion and Amortization	$1.87M	$1.83M	+1.9%	$7.42M	$2.93M	+152.9%
Depreciation, Depletion and Amortization, Nonproduction	$1.87M	$1.83M	+1.9%	$7.42M	$2.93M	+152.9%
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$02025-12-31	$0	–	$0	-$226M	+100.0%
Derivative Liability, Current	$566K	$1.64M	-65.5%	$21.4M	$0	–

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-02