Trump Media & Technology Financials
This page shows Trump Media & Technology (DJTWW) financial statements, including the 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).
External financing, not customer revenue, is driving a rapid balance-sheet build while the operating business stays tiny.
From FY2024 to FY2025, revenue stayed near$3.7M while total assets expanded to$2.63B ; the company’s scale-up happened through the balance sheet, not through a larger operating engine. The clearest clue is that reported losses worsened even as free cash flow turned positive at$14.2M , which usually means cash is being shaped more by non-cash charges and balance-sheet movements than by sales economics alone.
FY2025 is less cash-cushioned than the prior year: cash fell to
Capital spending was only
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 has an operating margin of -15560.8%, meaning the company retains $-15561 of operating profit per $100 of revenue. This below-average margin results in a low score of 11/100, suggesting thin profitability after operating expenses. This is down from -5140.9% the prior year.
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 free cash flow margin of 385.2% results in a low score of 3/100. Capital expenditures of $574K absorb a large share of operating cash flow.
Trump Media & Technology's ROE of -43.3% shows moderate profitability relative to equity, earning a score of 30/100. This is up from -43.9% the prior year.
Trump Media & Technology scores -2.11, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($748.4M) 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.
For every $1 of reported earnings, Trump Media & Technology generates $-0.02 in operating cash flow ($14.8M OCF vs -$712.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Trump Media & Technology earns $-21.0 in operating income for every $1 of interest expense (-$573.0M vs $27.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
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.
Trump Media & Technology had 277M shares outstanding in fiscal year 2025. This represents an increase of 25.7% from the prior year.
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 operating margin was -15560.8% in fiscal year 2025, reflecting core business profitability. This is down 10420.0 percentage points from the prior year.
Trump Media & Technology's net profit margin was -19343.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8266.1 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.
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.
DJTWW Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $871K-13.3% | $1.0M+3.3% | $973K+10.1% | $883K+7.6% | $821K-17.9% | $1.0M-1.0% | $1.0M+20.8% | $837K |
| Cost of Revenue | $1.5M+173.5% | $549K+22.8% | $447K+30.3% | $343K+1.8% | $337K-8.0% | $366K+196.9% | $123K+240.6% | $36K |
| Gross Profit | -$630K-238.0% | $456K-13.2% | $526K-2.6% | $540K+11.5% | $485K-23.6% | $634K-28.5% | $888K+10.9% | $801K |
| R&D Expenses | $8.4M-5.2% | $8.9M+6.8% | $8.3M-36.3% | $13.0M+3.8% | $12.6M+74.7% | $7.2M+84.7% | $3.9M-19.9% | $4.9M |
| SG&A Expenses | $37.9M+10.7% | $34.3M+10.4% | $31.1M+8.5% | $28.6M+13.7% | $25.2M-27.5% | $34.7M+96.1% | $17.7M+31.9% | $13.4M |
| Operating Income | -$293.5M+32.1% | -$432.3M-649.8% | -$57.7M-32.5% | -$43.5M-10.0% | -$39.5M+12.9% | -$45.4M-91.8% | -$23.7M-26.8% | -$18.7M |
| Interest Expense | $11.5M-1.0% | $11.6M+0.9% | $11.5M+179.5% | $4.1M+2097.6% | $187K+1.9% | $183K-25.7% | $247K+256.3% | -$158K |
| Income Tax | $99K-40.2% | $165K+95.3% | $85K-72.7% | $310K | $0 | $0 | $0 | $0 |
| Net Income | -$405.9M+33.0% | -$605.8M-1004.4% | -$54.8M-174.2% | -$20.0M+37.0% | -$31.7M+15.7% | -$37.6M-95.6% | -$19.2M-17.6% | -$16.4M |
| EPS (Diluted) | $-1.47 | N/A | $-0.20-150.0% | $-0.08+42.9% | $-0.14 | N/A | $-0.100.0% | $-0.10 |
DJTWW Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.2B-15.0% | $2.6B-19.5% | $3.3B+0.6% | $3.2B+253.4% | $918.9M-2.1% | $938.3M+12.0% | $837.8M+135.0% | $356.5M |
| Current Assets | $1.1B-12.6% | $1.2B-27.1% | $1.7B-46.7% | $3.1B+303.8% | $766.9M-2.2% | $784.3M+15.0% | $682.1M+92.9% | $353.5M |
| Cash & Equivalents | $249.1M+85.1% | $134.6M-19.0% | $166.1M-87.6% | $1.3B+819.7% | $146.1M-14.2% | $170.2M-54.3% | $372.1M+8.2% | $344.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $222K-9.4% | $245K-18.2% | $299K-5.8% | $317K+858.6% | $33K+90.2% | $17K+17.6% | $15K-15.4% | $18K |
| Goodwill | $120.9M0.0% | $120.9M0.0% | $120.9M0.0% | $120.9M0.0% | $120.9M0.0% | $120.9M-8.5% | $132.2M | N/A |
| Total Liabilities | $983.5M+0.1% | $982.8M-0.4% | $987.0M+2.3% | $965.1M+3444.3% | $27.2M+10.3% | $24.7M+16.4% | $21.2M+43.1% | $14.8M |
| Current Liabilities | $980.2M0.0% | $980.1M+2440.8% | $38.6M+65.2% | $23.4M+17.0% | $20.0M+15.4% | $17.3M+20.5% | $14.4M+0.5% | $14.3M |
| Long-Term Debt | $451K+1.9% | $443K-100.0% | $946.1M+0.7% | $939.3M | N/A | N/A | N/A | N/A |
| Total Equity | $1.3B-23.9% | $1.6B-27.7% | $2.3B-0.2% | $2.3B+155.9% | $891.7M-2.4% | $913.6M+11.9% | $816.5M+139.0% | $341.7M |
| Retained Earnings | -$4.1B-11.1% | -$3.7B-19.8% | -$3.1B-1.8% | -$3.0B-0.7% | -$3.0B-1.1% | -$2.9B-1.3% | -$2.9B-0.7% | -$2.9B |
DJTWW Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.9M+47.6% | $12.1M+20.3% | $10.1M+337.4% | $2.3M+123.7% | -$9.7M-16.7% | -$8.3M+61.9% | -$21.9M-2.1% | -$21.4M |
| Capital Expenditures | $7K+92.1% | $4K-72.9% | $14K-97.5% | $553K+17165.6% | $3K+23.1% | $3K-99.9% | $2.9M+34.9% | $2.1M |
| Free Cash Flow | $17.9M+47.6% | $12.1M+20.4% | $10.1M+474.6% | $1.8M+118.0% | -$9.7M-16.7% | -$8.3M+66.3% | -$24.8M-5.1% | -$23.6M |
| Investing Cash Flow | $95.7M+132.5% | -$294.2M+84.0% | -$1.8B-1364.1% | -$125.7M-1892.8% | -$6.3M+97.9% | -$305.8M+1.6% | -$310.6M-14402.6% | -$2.1M |
| Financing Cash Flow | $81K+100.1% | -$54.0M-390.1% | -$11.0M-100.5% | $2.3B+28896.4% | -$8.1M-107.2% | $112.3M-68.9% | $360.7M+284.5% | $93.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $38.9M+507.3% | $6.4M | $0-100.0% | $8.3M | $0-100.0% | $2.9M | $0 |
DJTWW Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -72.3%-117.7pp | 45.4%-8.7pp | 54.1%-7.1pp | 61.2%+2.2pp | 59.0%-4.4pp | 63.4%-24.4pp | 87.8%-7.9pp | 95.7% |
| Operating Margin | -33687.8%+9322.8pp | -43010.6%-37084.1pp | -5926.4%-1000.8pp | -4925.6%-111.3pp | -4814.3%-279.3pp | -4535.0%-2195.1pp | -2340.0%-110.5pp | -2229.5% |
| Net Margin | -46589.1%+13673.8pp | -60262.9%-54625.3pp | -5637.6%-3373.2pp | -2264.5%+1599.0pp | -3863.4%-100.5pp | -3763.0%-1858.9pp | -1904.1%+51.7pp | -1955.8% |
| Return on Equity | -32.4%+4.4pp | -36.8%-34.4pp | -2.4%-1.5pp | -0.9%+2.7pp | -3.6%+0.6pp | -4.1%-1.8pp | -2.4%+2.4pp | -4.8% |
| Return on Assets | -18.1%+4.9pp | -23.0%-21.4pp | -1.7%-1.1pp | -0.6%+2.8pp | -3.5%+0.6pp | -4.0%-1.7pp | -2.3%+2.3pp | -4.6% |
| Current Ratio | 1.07-0.2 | 1.23-41.6 | 42.78-89.8 | 132.60+94.2 | 38.41-6.9 | 45.33-2.2 | 47.49+22.8 | 24.73 |
| Debt-to-Equity | 0.000.0 | 0.00-0.4 | 0.420.0 | 0.41+0.4 | 0.030.0 | 0.030.0 | 0.03-0.0 | 0.04 |
| FCF Margin | 2052.6%+847.4pp | 1205.3%+171.3pp | 1034.0%+835.8pp | 198.2%+1384.4pp | -1186.2%-352.1pp | -834.1%+1616.7pp | -2450.8%+366.8pp | -2817.6% |
Frequently Asked Questions
What is Trump Media & Technology's annual revenue?
Trump Media & Technology (DJTWW) 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 (DJTWW) 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 (DJTWW) reported a net income of -$712.3M in fiscal year 2025, with a net profit margin of -19343.4%.
What is Trump Media & Technology's EBITDA?
Trump Media & Technology (DJTWW) 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 (DJTWW) had $134.6M in cash and equivalents against $443K in long-term debt.
What is Trump Media & Technology's gross margin?
Trump Media & Technology (DJTWW) 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 operating margin?
Trump Media & Technology (DJTWW) had an operating margin of -15560.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Trump Media & Technology's net profit margin?
Trump Media & Technology (DJTWW) had a net profit margin of -19343.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Trump Media & Technology's return on equity (ROE)?
Trump Media & Technology (DJTWW) 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 (DJTWW) 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 (DJTWW) 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 (DJTWW) 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 (DJTWW) 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 (DJTWW) invested $42.8M in research and development during fiscal year 2025.
What is Trump Media & Technology's current ratio?
Trump Media & Technology (DJTWW) 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 (DJTWW) 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 (DJTWW) 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 (DJTWW) has an Altman Z-Score of -2.11, 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 (DJTWW) 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 (DJTWW) has an earnings quality ratio of -0.02x, considered mixed quality. 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 (DJTWW) has an interest coverage ratio of -21.0x, 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 (DJTWW) 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.