Trump Media & Technology Financials
Trump Media & Technology (DJT) reported $3.7M in revenue for fiscal year 2025, up 1.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Balance-sheet expansion, not customer revenue, is the dominant mechanic: FY2025 assets swelled while the operating base stayed tiny.
Between FY2023 and FY2025, equity recapitalization flipped the company from-$66.8M of equity to$1.65B . Revenue stayed around$4M , so the reported transformation was financial, not operating; the business became far better funded without becoming meaningfully larger as a seller of services.
FY2025 showed unusual earnings quality: net loss reached
Liquidity normalized after the recapitalization, with the current ratio moving from 0.05x in FY2023 to 1.2x in FY2025. But current liabilities still sat at
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Trump Media & Technology's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Trump Media & Technology's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 11/100.
Trump Media & Technology's revenue grew a modest 1.8% year-over-year to $3.7M. This slow but positive growth earns a score of 16/100.
Trump Media & Technology carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Trump Media & Technology's current ratio of 1.23 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.
Trump Media & Technology's reported free cash flow margin for fiscal year 2025 is above the highest share of revenue this page publishes, so the figure is not shown here. This dimension scores 3/100.
Trump Media & Technology posts a -43.3% return on equity (ROE), meaning it loses $43 for every $100 of shareholders' equity. This results in a returns score of 30/100. This is up from -43.9% the prior year.
Trump Media & Technology scores -1.16, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.3B) relative to total liabilities ($982.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Trump Media & Technology passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Trump Media & Technology reported a net loss of $712.3M while generating $14.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Trump Media & Technology reported an operating loss of $573.0M against $27.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Trump Media & Technology generated $3.7M in revenue in fiscal year 2025. This represents an increase of 1.8% from the prior year.
Trump Media & Technology's EBITDA was -$565.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 208.9% from the prior year.
Trump Media & Technology reported -$712.3M in net income in fiscal year 2025. This represents a decrease of 77.7% from the prior year.
Trump Media & Technology earned -$2.80 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 18.6% from the prior year.
Cash & Balance Sheet
Trump Media & Technology generated $14.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 121.5% from the prior year.
Trump Media & Technology held $134.6M in cash against $443K in long-term debt as of fiscal year 2025, with $980.1M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Trump Media & Technology's gross margin was 54.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 28.4 percentage points from the prior year.
Trump Media & Technology's ROE was -43.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Trump Media & Technology invested $42.8M in research and development in fiscal year 2025. This represents a decrease of 12.9% from the prior year.
Trump Media & Technology spent $53.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1743.0% from the prior year.
Trump Media & Technology invested $574K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 88.6% from the prior year.
DJT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue | $4.5M | $3.7M+1.8% | $3.6M-12.4% | $4.1M+180.9% | $1.5M | N/A |
| Cost of Revenue | $3.0M | $1.7M+170.6% | $619K+275.4% | $165K+202.6% | $55K | N/A |
| Gross Profit | $1.5M | $2.0M-33.1% | $3.0M-24.4% | $4.0M+180.1% | $1.4M | N/A |
| R&D Expenses | $33.8M | $42.8M-12.9% | $49.1M+405.4% | $9.7M-28.7% | $13.6M | N/A |
| SG&A Expenses | $139.2M | $119.1M-8.8% | $130.6M+1371.1% | $8.9M-14.2% | $10.3M | N/A |
| Operating Income | -$947.0M | -$573.0M-208.0% | -$186.0M-1065.1% | -$16.0M+31.3% | -$23.2M-1087.1% | -$2.0M |
| Interest Expense | $46.3M | $27.3M+785.1% | $3.1M | N/A | $2.0M | N/A |
| Income Tax | $448K | $560K | $0-100.0% | $1K+450.0% | $200 | $0 |
| Net Income | -$1.3B | -$712.3M-77.7% | -$400.9M | N/A | $50.5M+2689.3% | -$2.0M |
| EPS (Diluted) | — | -$2.80-18.6% | -$2.36 | -$0.67-215.5% | $0.58 | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DJT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $2.6B+180.3% | $938.3M+27795.3% | $3.4M-70.1% | $11.2M-96.2% | $294.0M |
| Current Assets | $1.2B+53.4% | $784.3M+26206.8% | $3.0M-72.0% | $10.6M+1771.3% | $569K |
| Cash & Equivalents | $134.6M-21.0% | $170.2M+6517.0% | $2.6M-73.8% | $9.8M+2892.8% | $328K |
| Accounts Receivable | $245K+1305.2% | $17K-78.5% | $81K-84.0% | $508K | N/A |
| Goodwill | $120.9M0.0% | $120.9M | $0 | N/A | N/A |
| Total Liabilities | $982.8M+3879.5% | $24.7M-64.8% | $70.1M+254.0% | $19.8M-94.4% | $353.1M |
| Current Liabilities | $980.1M+5564.8% | $17.3M-73.5% | $65.3M+235.7% | $19.4M+1455.4% | $1.3M |
| Long-Term Debt | $443K | N/A | N/A | N/A | N/A |
| Total Equity | $1.6B+80.2% | $913.6M+1468.4% | -$66.8M-678.8% | -$8.6M+85.5% | -$59.1M |
| Retained Earnings | -$3.7B-24.2% | -$2.9B-4310.9% | -$66.8M-678.9% | -$8.6M+18.9% | -$10.6M |
Not reported in any period shown, so not listed: Inventory.
DJT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.5M | $14.8M+124.2% | -$61.0M-526.5% | -$9.7M+59.8% | -$24.2M-2029.5% | -$1.1M |
| Capital Expenditures | $28K | $574K-88.6% | $5.0M+228709.1% | $2K-97.4% | $85K | N/A |
| Free Cash Flow | $8.5M | $14.2M+121.5% | -$66.0M-578.1% | -$9.7M+59.9% | -$24.3M | N/A |
| Investing Cash Flow | -$2.0B | -$2.3B-266.5% | -$618.6M-28117222.7% | -$2K+97.4% | -$85K+100.0% | -$293.3M |
| Financing Cash Flow | -$64.9M | $2.2B+165.4% | $847.2M+33789.1% | $2.5M-83.7% | $15.4M-94.8% | $294.7M |
| Share Buybacks | $45.4M | $53.6M+1743.0% | $2.9M | $0 | $0 | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DJT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Gross Margin | 54.5%-28.4pp | 82.9%-13.1pp | 96.0%-0.3pp | 96.3% | N/A |
| Operating Margin | -15560.8% | -5140.9% | -386.5% | -1580.9% | N/A |
| Net Margin | -19343.4% | -11077.3% | N/A | 3435.8% | N/A |
| Return on Equity | -43.3%+0.6pp | -43.9% | N/A | N/A | N/A |
| Return on Assets | -27.1%+15.6pp | -42.7% | N/A | 449.6%+450.3pp | -0.7% |
| Current Ratio | 1.23-44.1x | 45.33+45.3x | 0.05-0.5x | 0.55+0.1x | 0.45 |
| Debt-to-Equity | 0.000.0x | 0.03 | N/A | N/A | N/A |
| FCF Margin | 385.2% | -1824.3% | -235.7% | -1651.5% | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Where Trump Media & Technology Ranks
Frequently Asked Questions
What is Trump Media & Technology's annual revenue?
Trump Media & Technology (DJT) reported $3.7M in total revenue for fiscal year 2025. This represents a 1.8% 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 grew by 1.8% year-over-year, from $3.6M to $3.7M in fiscal year 2025.
Is Trump Media & Technology profitable?
No, Trump Media & Technology (DJT) reported a net income of -$712.3M in fiscal year 2025.
What is Trump Media & Technology's EBITDA?
Trump Media & Technology (DJT) had EBITDA of -$565.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Trump Media & Technology have?
As of fiscal year 2025, Trump Media & Technology (DJT) had $134.6M in cash and equivalents against $443K in long-term debt.
What is Trump Media & Technology's gross margin?
Trump Media & Technology (DJT) had a gross margin of 54.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Trump Media & Technology's return on equity (ROE)?
Trump Media & Technology (DJT) has a return on equity of -43.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Trump Media & Technology's free cash flow?
Trump Media & Technology (DJT) generated $14.2M in free cash flow during fiscal year 2025. This represents a 121.5% 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 $14.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Trump Media & Technology's total assets?
Trump Media & Technology (DJT) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Trump Media & Technology's capital expenditures?
Trump Media & Technology (DJT) invested $574K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Trump Media & Technology spend on research and development?
Trump Media & Technology (DJT) invested $42.8M in research and development during fiscal year 2025.
What is Trump Media & Technology's current ratio?
Trump Media & Technology (DJT) had a current ratio of 1.23 as of fiscal year 2025, which is considered adequate.
What is Trump Media & Technology's debt-to-equity ratio?
Trump Media & Technology (DJT) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, 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 -27.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Trump Media & Technology's Altman Z-Score?
Trump Media & Technology (DJT) has an Altman Z-Score of -1.16, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Trump Media & Technology's Piotroski F-Score?
Trump Media & Technology (DJT) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $712.3M while generating $14.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $573.0M against $27.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 30 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.