Trump Media & Technology Group (DJT) financial statements
Trump Media & Technology Group reported revenue of $4M in fiscal 2025, up 35.8% a year over 3 years.
Net income was -$712M.
Free cash flow was $14M, and the company returned $54M in net buybacks.
The diluted share count rose 191% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Trump Media & Technology Group's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | $1M | $4M | $4M | $4M |
| Cost of revenue | — | $54,500 | $164,900 | $619,000 | $2M |
| Gross profit | — | $1M | $4M | $3M | $2M |
| Research and development | — | $14M | $10M | $49M | $43M |
| Selling, general and admin | — | $10M | $9M | $131M | $119M |
| Operating income | -$2M | -$23M | -$16M | -$186M | -$573M |
| Interest expense | — | $2M | $39M | $3M | $27M |
| Pre-tax income | -$2M | $51M | -$58M | -$401M | -$712M |
| Income tax | $0 | $200 | $1,100 | $0 | $560,100 |
| Net income | -$2M | $51M | -$58M | -$401M | -$712M |
| EPS (diluted) | — | $0.58 | -$0.67 | -$2.36 | -$2.80 |
| Diluted shares | — | 88M | 88M | 170M | 255M |
| Gross margin | — | 96.3% | 96.0% | 82.9% | 54.5% |
| Operating margin | — | -1580.9% | -386.5% | -5140.9% | -15560.8% |
| Net margin | — | 3435.8% | -1408.6% | -11077.3% | -19335.8% |
Balance sheet
Fiscal years, from Trump Media & Technology Group's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $327,731 | $989 | $3M | $777M | $440M |
| Receivables | — | — | $81,000 | $17,400 | $244,500 |
| Total current assets | $568,703 | $169,339 | $3M | $784M | $1.2B |
| Property, plant and equipment | — | — | $29,200 | $4M | $3M |
| Goodwill | — | — | $0 | $121M | $121M |
| Total assets | $294M | $300M | $3M | $938M | $2.6B |
| Total current liabilities | $1M | $23M | $65M | $17M | $980M |
| Long-term debt | — | — | — | — | $442,600 |
| Total liabilities | $11M | $34M | $70M | $25M | $983M |
| Shareholders' equity | -$59M | -$9M | -$67M | $914M | $1.6B |
| Net debt | -$327,731 | -$989 | -$3M | -$165M | $813M |
Cash flow
Fiscal years, from Trump Media & Technology Group's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$1M | -$24M | -$10M | -$61M | $15M |
| Capital spending | — | $84,500 | $2,200 | $5M | $573,500 |
| Free cash flow | — | -$24M | -$10M | -$66M | $14M |
| Stock-based compensation | — | $0 | $0 | $107M | $59M |
| Share buybacks (net) | — | $0 | $0 | -$3M | -$54M |
| Free cash flow margin | — | -1651.5% | -235.7% | -1824.3% | 385.2% |
Questions
What was Trump Media & Technology Group's revenue in 2025?
$4M in fiscal 2025, from its 10-K filing.
How much free cash flow does Trump Media & Technology Group generate?
$14M in fiscal 2025 (operating cash flow minus capital spending).
From Trump Media & Technology Group's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.