Trump Media & Technology Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Trump Media & Technology has an operating margin of -5140.9%, meaning the company retains $-5141 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -386.5% the prior year.
Trump Media & Technology's revenue declined 12.4% year-over-year, from $4.1M to $3.6M. This contraction results in a growth score of 0/100.
Trump Media & Technology carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 45.33, Trump Media & Technology holds $45.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Trump Media & Technology generated -$61.0M in operating cash flow, capex of $5.0M consumed most of it, leaving -$66.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Trump Media & Technology passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Trump Media & Technology generates $0.15 in operating cash flow (-$61.0M OCF vs -$400.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Trump Media & Technology earns $-60.2 in operating income for every $1 of interest expense (-$186.0M vs $3.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Trump Media & Technology (DJT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Trump Media & Technology generated $3.6M in revenue in fiscal year 2024. This represents a decrease of 12.4% from the prior year.
Trump Media & Technology's EBITDA was -$183.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1051.1% from the prior year.
Trump Media & Technology generated -$66.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 578.1% from the prior year.
Trump Media & Technology reported -$400.9M in net income in fiscal year 2024. This represents a decrease of 588.9% from the prior year.
Trump Media & Technology earned $-2.36 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 252.2% from the prior year.
Trump Media & Technology held $170.2M in cash against $0 in long-term debt as of fiscal year 2024.
Trump Media & Technology had 220M shares outstanding in fiscal year 2024. This represents an increase of 151.5% from the prior year.
Trump Media & Technology's gross margin was 82.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 13.1 percentage points from the prior year.
Trump Media & Technology's operating margin was -5140.9% in fiscal year 2024, reflecting core business profitability. This is down 4754.4 percentage points from the prior year.
Trump Media & Technology's net profit margin was -11077.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9668.7 percentage points from the prior year.
Trump Media & Technology invested $49.1M in research and development in fiscal year 2024. This represents an increase of 405.4% from the prior year.
Trump Media & Technology spent $2.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Trump Media & Technology invested $5.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 228709.1% from the prior year.
DJT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $973K+10.1% | $883K+7.6% | $821K-17.9% | $1.0M+19.5% | $837K+8.6% | $771K+2.5% | $752K-29.9% | $1.1M |
| Cost of Revenue | $447K+30.3% | $343K+1.8% | $337K-8.0% | $366K+911.3% | $36K-61.2% | $93K+127.3% | $41K-0.5% | $41K |
| Gross Profit | $526K-2.6% | $540K+11.5% | $485K-23.6% | $634K-20.8% | $801K+18.3% | $677K-4.7% | $710K-31.0% | $1.0M |
| R&D Expenses | $8.3M-36.3% | $13.0M+3.8% | $12.6M+74.7% | $7.2M+47.9% | $4.9M-85.3% | $33.2M+1224.5% | $2.5M+13.7% | $2.2M |
| SG&A Expenses | $31.1M+8.5% | $28.6M+13.7% | $25.2M-27.5% | $34.7M+158.6% | $13.4M-79.3% | $64.8M+1917.3% | $3.2M+112.9% | $1.5M |
| Operating Income | -$57.7M-32.5% | -$43.5M-10.0% | -$39.5M+12.9% | -$45.4M-143.2% | -$18.7M+81.0% | -$98.4M-1749.2% | -$5.3M-75.5% | -$3.0M |
| Interest Expense | $11.5M+179.5% | $4.1M+2097.6% | $187K+1.9% | $183K+216.2% | -$158K-105.6% | $2.8M+63.2% | $1.7M-88.5% | $15.1M |
| Income Tax | $85K-72.7% | $310K | $0 | $0 | $0 | $0-100.0% | $1K | $0 |
| Net Income | -$54.8M-174.2% | -$20.0M+37.0% | -$31.7M+15.7% | -$37.6M-130.0% | -$16.4M+95.0% | -$327.6M-3469.4% | -$9.2M+64.7% | -$26.0M |
| EPS (Diluted) | $-0.20-150.0% | $-0.08+42.9% | $-0.14-109.7% | $1.45+1550.0% | $-0.10+97.2% | $-3.61-3181.8% | $-0.11+63.3% | $-0.30 |
DJT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.3B+0.6% | $3.2B+253.4% | $918.9M-2.1% | $938.3M+163.2% | $356.5M+29.9% | $274.4M+8059.1% | $3.4M-98.9% | $310.5M |
| Current Assets | $1.7B-46.7% | $3.1B+303.8% | $766.9M-2.2% | $784.3M+121.8% | $353.5M+29.0% | $274.1M+9094.3% | $3.0M-9.3% | $3.3M |
| Cash & Equivalents | $166.1M-87.6% | $1.3B+819.7% | $146.1M-14.2% | $170.2M-50.5% | $344.0M+47.2% | $233.7M+8983.9% | $2.6M-21.7% | $3.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $299K-5.8% | $317K+858.6% | $33K+90.2% | $17K-0.6% | $18K-62.9% | $47K-41.7% | $81K | N/A |
| Goodwill | $120.9M0.0% | $120.9M0.0% | $120.9M0.0% | $120.9M | N/A | N/A | $0 | N/A |
| Total Liabilities | $987.0M+2.3% | $965.1M+3444.3% | $27.2M+10.3% | $24.7M+66.6% | $14.8M-76.9% | $64.2M-8.5% | $70.1M-80.9% | $368.1M |
| Current Liabilities | $38.6M+65.2% | $23.4M+17.0% | $20.0M+15.4% | $17.3M+21.0% | $14.3M-77.7% | $64.0M-1.9% | $65.3M+21.4% | $53.8M |
| Long-Term Debt | $946.1M+0.7% | $939.3M | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.3B-0.2% | $2.3B+155.9% | $891.7M-2.4% | $913.6M+167.4% | $341.7M+62.5% | $210.3M+415.0% | -$66.8M-15.9% | -$57.6M |
| Retained Earnings | -$3.1B-1.8% | -$3.0B-0.7% | -$3.0B-1.1% | -$2.9B-2.0% | -$2.9B-0.6% | -$2.9B-4201.2% | -$66.8M-12.3% | -$59.5M |
DJT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.1M+337.4% | $2.3M+123.7% | -$9.7M-16.7% | -$8.3M+61.1% | -$21.4M-130.1% | -$9.3M-1369.7% | $734K+123.7% | -$3.1M |
| Capital Expenditures | $14K-97.5% | $553K+17165.6% | $3K+23.1% | $3K-99.9% | $2.1M | $0 | $0 | $0 |
| Free Cash Flow | $10.1M+474.6% | $1.8M+118.0% | -$9.7M-16.7% | -$8.3M+64.6% | -$23.6M-153.1% | -$9.3M-1369.7% | $734K+123.7% | -$3.1M |
| Investing Cash Flow | -$1.8B-1364.1% | -$125.7M-1892.8% | -$6.3M+97.9% | -$305.8M-14177.4% | -$2.1M | $0 | $0 | $0 |
| Financing Cash Flow | -$11.0M-100.5% | $2.3B+28896.4% | -$8.1M-107.2% | $112.3M+19.7% | $93.8M-66.6% | $280.5M | $0-100.0% | $2.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $6.4M | $0-100.0% | $8.3M | $0 | $0 | $0 | $0 | N/A |
DJT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.1%-7.1pp | 61.2%+2.2pp | 59.0%-4.4pp | 63.4%-32.3pp | 95.7%+7.8pp | 87.9%-6.7pp | 94.5%-1.6pp | 96.1% |
| Operating Margin | -5926.4%-1000.8pp | -4925.6%-111.3pp | -4814.3%-279.3pp | -4535.0%-2305.6pp | -2229.5%+10535.3pp | -12764.8%-12057.1pp | -707.7%-424.9pp | -282.8% |
| Net Margin | -5637.6%-3373.2pp | -2264.5%+1599.0pp | -3863.4%-100.5pp | -3763.0%-1807.2pp | -1955.8%+40562.0pp | -42517.8%-41296.5pp | -1221.3%+1208.8pp | -2430.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1.7%-1.1pp | -0.6%+2.8pp | -3.5%+0.6pp | -4.0%+0.6pp | -4.6%+114.8pp | -119.4%+153.5pp | -272.9%-264.5pp | -8.4% |
| Current Ratio | 42.78-89.8 | 132.60+94.2 | 38.41-6.9 | 45.33+20.6 | 24.73+20.4 | 4.28+4.2 | 0.05-0.0 | 0.06 |
| Debt-to-Equity | 0.420.0 | 0.41+0.4 | 0.030.0 | 0.03-0.0 | 0.04-0.3 | 0.31+1.4 | -1.05+5.3 | -6.39 |
| FCF Margin | 1034.0%+835.8pp | 198.2%+1384.4pp | -1186.2%-352.1pp | -834.1%+1983.4pp | -2817.6%-1608.5pp | -1209.1%-1306.7pp | 97.6%+386.7pp | -289.0% |
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Frequently Asked Questions
What is Trump Media & Technology's annual revenue?
Trump Media & Technology (DJT) reported $3.6M in total revenue for fiscal year 2024. This represents a -12.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Trump Media & Technology's revenue growing?
Trump Media & Technology (DJT) revenue declined by 12.4% year-over-year, from $4.1M to $3.6M in fiscal year 2024.
Is Trump Media & Technology profitable?
No, Trump Media & Technology (DJT) reported a net income of -$400.9M in fiscal year 2024, with a net profit margin of -11077.3%.
What is Trump Media & Technology's earnings per share (EPS)?
Trump Media & Technology (DJT) reported diluted earnings per share of $-2.36 for fiscal year 2024. This represents a -252.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Trump Media & Technology's EBITDA?
Trump Media & Technology (DJT) had EBITDA of -$183.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Trump Media & Technology's gross margin?
Trump Media & Technology (DJT) had a gross margin of 82.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Trump Media & Technology's operating margin?
Trump Media & Technology (DJT) had an operating margin of -5140.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Trump Media & Technology's net profit margin?
Trump Media & Technology (DJT) had a net profit margin of -11077.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Trump Media & Technology's free cash flow?
Trump Media & Technology (DJT) generated -$66.0M in free cash flow during fiscal year 2024. This represents a -578.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Trump Media & Technology's operating cash flow?
Trump Media & Technology (DJT) generated -$61.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Trump Media & Technology's total assets?
Trump Media & Technology (DJT) had $938.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Trump Media & Technology's capital expenditures?
Trump Media & Technology (DJT) invested $5.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Trump Media & Technology spend on research and development?
Trump Media & Technology (DJT) invested $49.1M in research and development during fiscal year 2024.
Does Trump Media & Technology buy back shares?
Yes, Trump Media & Technology (DJT) spent $2.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Trump Media & Technology have outstanding?
Trump Media & Technology (DJT) had 220M shares outstanding as of fiscal year 2024.
What is Trump Media & Technology's current ratio?
Trump Media & Technology (DJT) had a current ratio of 45.33 as of fiscal year 2024, which is generally considered healthy.
What is Trump Media & Technology's debt-to-equity ratio?
Trump Media & Technology (DJT) had a debt-to-equity ratio of 0.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Trump Media & Technology's return on assets (ROA)?
Trump Media & Technology (DJT) had a return on assets of -42.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Trump Media & Technology's cash runway?
Based on fiscal year 2024 data, Trump Media & Technology (DJT) had $170.2M in cash against an annual operating cash burn of $61.0M. This gives an estimated cash runway of approximately 33 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Trump Media & Technology's Piotroski F-Score?
Trump Media & Technology (DJT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Trump Media & Technology's earnings high quality?
Trump Media & Technology (DJT) has an earnings quality ratio of 0.15x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Trump Media & Technology cover its interest payments?
Trump Media & Technology (DJT) has an interest coverage ratio of -60.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Trump Media & Technology?
Trump Media & Technology (DJT) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.