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DJT

Trump Media & Technology Group Corp.

DJT

Trump Media & Technology Group Corp. • NASDAQ
$11.55 ▲ 4.34% (+0.48)
Market Cap $3.23 B
52w High $43.46
52w Low $10.18
Dividend Yield 0%
P/E -27.5
Volume 4.44M
Outstanding Shares 280.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $972.9K ▲ $58.184M ▲ $-54.808M ▼ -5.633K% ▼ $-0.2 ▼ $-41.156M ▼
Q2-2025 $883.3K ▲ $44.048M ▲ $-19.982M ▲ -2.262K% ▲ $-0.083 ▲ $-13.527M ▲
Q1-2025 $821.2K ▼ $40.02M ▼ $-31.727M ▲ -3.863K% ▼ $-0.14 ▲ $-29.539M ▲
Q4-2024 $1M ▼ $46.008M ▲ $-37.649M ▼ -3.763K% ▼ $-0.17 ▼ $-35.085M ▼
Q3-2024 $1.011M $24.542M $-19.248M -1.904K% $-0.096 $-18.239M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.052B ▼ $3.265B ▲ $986.982M ▲ $2.278B ▼
Q2-2025 $2.963B ▲ $3.247B ▲ $965.127M ▲ $2.282B ▲
Q1-2025 $758.982M ▼ $918.917M ▼ $27.231M ▲ $891.687M ▼
Q4-2024 $776.783M ▲ $938.288M ▲ $24.697M ▲ $913.59M ▲
Q3-2024 $672.878M $837.755M $21.222M $816.533M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-54.849M ▼ $10.073M ▲ $-1.841B ▼ $-11.012M ▼ $-1.842B ▼ $10.059M ▲
Q2-2025 $-19.982M ▲ $2.303M ▲ $-125.496M ▼ $2.321B ▲ $2.198B ▲ $1.751M ▲
Q1-2025 $-31.727M ▲ $-9.738M ▼ $-6.31M ▲ $-8.061M ▼ $-24.109M ▲ $-9.741M ▼
Q4-2024 $-37.649M ▼ $-8.343M ▲ $-305.807M ▲ $112.251M ▼ $-201.9M ▼ $-8.345M ▲
Q3-2024 $-19.248M $-21.886M $-310.632M $360.699M $28.181M $-31.775M

Five-Year Company Overview

Income Statement

Income Statement The income statement looks like that of a very early‑stage media tech company that has not yet turned its ideas into a real business model. Reported revenue has effectively been zero for several years, while operating costs keep piling up, so the company is consistently losing money from its core operations. Any brief periods where net income appears positive likely reflect one‑off items or accounting effects rather than a sustainable, profitable business. Overall, DJT is still in the “spending to build and launch” phase, not the “earning and scaling” phase.

Balance Sheet

Balance Sheet The balance sheet is small and thin. The company has limited assets and a modest cash position, suggesting only a modest financial cushion to fund growth and ongoing losses. Formal debt is low, which reduces interest burdens but also reflects how early and small the operation still is. Equity only recently turned positive after being negative, which means the financial foundation has been fragile and still doesn’t provide much buffer if performance disappoints or cash burn accelerates. DJT looks financially light and heavily dependent on future capital access and successful execution.

Cash Flow

Cash Flow Cash flow shows a business that is using cash rather than generating it. Operating cash flow has been consistently negative, meaning the day‑to‑day business consumes cash instead of producing it. Investment spending has been relatively small, so most of the cash burn is from covering operating expenses, not big one‑time projects. This pattern is typical of a young platform that is still focused on building products and audience, but it also means the company will likely need ongoing external funding or much stronger monetization to support itself over time.

Competitive Edge

Competitive Edge DJT’s competitive strength rests far more on brand and politics than on technology. Its main asset is the exclusive association with Donald J. Trump and the highly loyal, ideologically aligned user base that comes with him. This creates a strong but narrow moat: very engaged followers, but concentrated in a specific political niche that may limit broader appeal and advertiser comfort. Technologically, the core social platform is built on open‑source software, so it is not unique in terms of features. The market for “alt‑tech” and free‑speech platforms is already crowded with rivals chasing similar audiences. DJT’s positioning as “uncancellable” and its expansion into media, streaming, and finance give it a distinct flavor, but the moat is mostly brand‑driven and carries substantial reputational, regulatory, and key‑person risk.

Innovation and R&D

Innovation and R&D The company’s innovation is more strategic than deeply technical. Truth Social is essentially a rebranded implementation of existing open‑source social software, so there is limited proprietary technology there. The push to build an “uncancellable” content infrastructure and own its own servers is more about control and resilience than about cutting‑edge innovation. New initiatives like Truth+, a streaming service with ideologically targeted content, Truth.Fi in financial services, and prediction markets on the platform show a willingness to experiment and broaden the ecosystem. However, these moves are early, largely unproven, and will require strong execution, compelling content, robust compliance, and careful risk management—especially around crypto and a planned Bitcoin treasury—to become durable advantages.

Summary

DJT currently looks like a highly speculative, brand‑driven media and technology venture rather than a mature operating company. Financially, it has essentially no meaningful revenue so far, ongoing operating losses, a thin balance sheet, and negative cash flow, all of which point to dependence on future capital raises and a need to successfully monetize its user base. Strategically, its edge is the unique link to Donald J. Trump and a committed political audience, which provides powerful engagement but also concentrates risk and may limit mainstream appeal. The expansion into streaming, fintech, and crypto makes the story bigger and potentially more diversified, but it also adds complexity and execution risk. The overall picture is a young, narrative‑heavy platform with high uncertainty whose future depends on turning its niche audience and “America First” ecosystem into stable, recurring, and scalable revenue streams while managing reputational, regulatory, and financial volatility.

NEWS

October 28, 2025 · 8:30 AM UTC

Truth Social to Become World's First Social Media Platform Offering Prediction Markets via Exclusive Partnership with Crypto.com

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September 10, 2025 · 8:48 AM UTC

Trump Media Announces Filing of Registration Statement for Five America First Themed Equity ETFs

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September 5, 2025 · 8:30 AM UTC

Trump Media, Crypto.com Close Purchase Agreement

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