D
Trump Media & Technology Group Corp.
DJTCIK 0001849635NasdaqLarge AcceleratedServices-Computer Programming, Data Processing, Etc.FloridaFY ends Dec 31
Period
FY 2025
Revenue
$3.68M
Net Income
$-712.34M
Total Assets
—
Equity
—
Shares Out
276.95M
Op. Cash Flow
$14.76M
Business
Trump Media & Technology Group Corp. operates a media and technology platform focused on promoting free expression through its flagship social media service and related products. It offers Truth Social, a public real-time social networking platform, Truth+, a live TV and on-demand streaming service, and plans financial services and FinTech offerings under the Truth.Fi brand. Its business is organized around social media, streaming media, and financial technology initiatives. Products are distributed via mobile apps (iOS and Android), web, over‑the‑top streaming devices, and direct partnerships with platform and content providers, with international availability.
Summary from filing dated 2025-02-14
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 4 | 4 | 4 | 1 | — | |
| Cost of revenue | 2 | 619,000 | 164,900 | 54,500 | — | |
| Research and development | 43 | 49 | 10 | 14 | — | |
| Sales and marketing | 3 | 6 | 1 | 625,900 | — | |
| General and administration | 119 | 131 | 9 | 10 | — | |
| Realized and unrealized loss, net, on digital assets and digital assets pledged | 403 | 0 | 0 | — | — | |
| Depreciation and amortization | 7 | 3 | 59,600 | 58,700 | — | |
| Total operating costs and expenses | 577 | 190 | 20 | 25 | — | |
| Loss from operations | −573 | −186 | −16 | −23 | −1 | |
| Interest income | 47 | 15 | 0 | 0 | 7,098 | |
| Interest expense | −27 | −3 | −39 | −2 | — | |
| Investment loss | −183 | 0 | 0 | — | — | |
| Litigation settlements | 25 | 0 | 0 | — | — | |
| Change in fair value of derivative liabilities | 0 | −226 | −3 | 76 | — | |
| Loss on the conversion of convertible debt | 0 | −542,300 | 0 | 0 | — | |
| Loss from operations before income taxes | −712 | −401 | −58 | 51 | −1 | |
| Income tax expense | −560,100 | 0 | −1,100 | 200 | 0 | |
| Net loss | −712 | −401 | −58 | — | — | |
| Less net loss attributable to noncontrolling interest | 278,800 | 0 | 0 | — | — | |
| Net loss available to common stockholders | −712 | −401 | −58 | — | — | |
| Basic (in Dollars per share) | −2.8 | −2.36 | −0.67 | 0.58 | — | |
| Diluted (in Dollars per share) | −2.8 | −2.36 | −0.67 | 0.58 | — | |
| Basic (in Shares) | 255 | 170 | 88 | 88 | — | |
| Diluted (in Shares) | 255 | 170 | 88 | 88 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 135 | 170 | 3 | 989 | 327,731 | |
| Restricted cash | 31 | 0 | — | — | — | |
| Short-term investments | 305 | 607 | 0 | — | — | |
| Equity securities (Note 2) | 722 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 10 | 7 | 327,500 | — | — | |
| Accounts receivable, net | 244,500 | 17,400 | 81,000 | — | — | |
| Total current assets | 1,203 | 784 | 3 | 169,339 | 568,703 | |
| Convertible note receivable | 200 | 0 | — | — | — | |
| Interest receivable | 498,600 | 0 | — | — | — | |
| Property and equipment, net | 3 | 4 | 29,200 | — | — | |
| Goodwill | 121 | 121 | 0 | — | — | |
| Digital assets (Note 5) | 904 | 0 | — | — | — | |
| Digital assets pledged (Note 5) | 175 | 0 | — | — | — | |
| Intangible assets, net | 20 | 25 | 0 | — | — | |
| Right-of-use assets, net | 3 | 3 | 353,200 | — | — | |
| Total assets | 2,630 | 938 | 3 | 300 | 294 | |
| Accounts payable and accrued expenses | 32 | 10 | 2 | — | — | |
| Convertible notes payable (Note 11) | 942 | 0 | — | — | — | |
| Related party payables | 262,000 | 262,000 | 0 | 625,700 | — | |
| Unearned revenue | 30,400 | 1 | 4 | — | — | |
| Current portion of long-term debt | 5 | 5 | — | — | — | |
| Current portion of operating lease liability | 836,200 | 1 | 160,300 | — | — | |
| Total current liabilities | 980 | 17 | 65 | 23 | 683,535 | |
| Long-term operating lease liability | 2 | 3 | 201,600 | — | — | |
| Long-term debt - other | 442,600 | 5 | 0 | — | — | |
| Deferred tax liability | 560,100 | 0 | — | — | — | |
| Total liabilities | 983 | 25 | 70 | 34 | 11 | |
| Commitments and contingencies (Note 16) | — | — | — | — | — | |
| Preferred Stock $0.0001 par value 1,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2025 and December 31, 2024 | 0 | 0 | 0 | — | — | |
| Common Stock $ 0.0001 par value 999,000,000 shares authorized, 276,724,314 and 220,657,014 shares issued and outstanding at December 31, 2025 and December 31, 2024 | 28,100 | 22,100 | 8,800 | — | — | |
| Paid in Capital | 5,360 | 3,862 | 0 | — | — | |
| Treasury stock, at cost (4,279,691 and 128,138 shares) | −57 | −3 | 0 | — | — | |
| Accumulated Deficit | −3,657 | −2,945 | −67 | −32 | −10 | |
| Total stockholders equity | 1,647 | 914 | −67 | −9 | −59 | |
| Noncontrolling interest | 150,600 | 0 | — | — | — | |
| Total equity | 1,647 | 914 | −67 | −9 | — | |
| Total liabilities and stockholders equity/(deficit) | 2,630 | 938 | 3 | 300 | 294 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Non-cash interest expense on debt | 27 | 3 | 39 | 2 | — | |
| Non-cash interest income | −498,600 | 0 | 0 | — | — | |
| Change in fair value of derivative liabilities | 0 | 226 | 3 | −76 | — | |
| Depreciation and amortization | 7 | 3 | 60,400 | 59,100 | — | |
| Realized and unrealized loss, net, on digital assets and digital assets pledged | 403 | 0 | 0 | — | — | |
| Net unrealized loss on investments | 179 | 0 | 0 | — | — | |
| Premiums received from assigned put options | 44 | 0 | 0 | — | — | |
| Operating lease amortization | 910,800 | 418,900 | 153,800 | 86,800 | — | |
| Deferred taxes | 560,100 | 0 | 0 | — | — | |
| Prepaid expenses and other current assets | −18 | −2 | −1,600 | 105,200 | — | |
| Accounts receivable | −227,200 | 63,600 | 426,900 | −507,800 | — | |
| Unearned revenue | −980,200 | −3 | 4 | 0 | — | |
| Operating lease liabilities | −893,900 | −203,100 | −149,600 | −82,500 | — | |
| Accounts payable and accrued liabilities | 27 | 6 | 1 | −542,700 | — | |
| Net cash provided by/(used in) operating activities | 15 | −61 | −10 | −24 | −1 | |
| Purchases of property and equipment | −573,500 | −5 | −2,200 | −84,500 | — | |
| Purchase of intangible assets | 0 | −7 | 0 | 0 | — | |
| Purchase of short-term investments | −24 | −607 | 0 | 0 | — | |
| Sale of short-term investments | 325 | 0 | 0 | — | — | |
| Purchase of digital assets | −1,436 | 0 | 0 | — | — | |
| Purchase of equity securities | −932 | 0 | 0 | — | — | |
| Sale of equity securities | 92,300 | 0 | 0 | — | — | |
| Investment in convertible note receivable | −200 | 0 | 0 | — | — | |
| Net cash used in investing activities | −2,267 | −619 | −2,200 | −84,500 | −293 | |
| Proceeds of convertible notes | 960 | 47 | 4 | 15 | — | |
| Repurchase of convertible notes | −15 | 0 | 0 | — | — | |
| Repayment of convertible notes | 0 | 0 | −1 | 0 | — | |
| Repayment of long-term debt | −5 | 0 | 0 | — | — | |
| Proceeds from merger | 0 | 233 | 0 | 0 | — | |
| Proceeds from PIPE | 1,395 | 0 | 0 | — | — | |
| Payments of debt and equity offering costs | −34 | 0 | 0 | — | — | |
| Repurchases of common stock | −54 | −3 | 0 | 0 | — | |
| Proceeds from SEPA, net | 0 | 450 | 0 | 0 | 25,000 | |
| Proceeds from the exercise of warrants, net | 299,800 | 120 | 0 | 0 | — | |
| Contribution for non-controlling interest | 429,400 | 0 | 0 | — | — | |
| Net cash provided by financing activities | 2,248 | 847 | 3 | 15 | 295 | |
| Net change in cash, cash equivalents, and restricted cash | −4 | 168 | −7 | −9 | — | |
| Cash paid for interest | 370,400 | 126,500 | 0 | 0 | — | |
| Cash paid for taxes | 975,600 | 2 | 0 | 0 | — | |
| Shares issued for conversion of convertible notes | 0 | 350 | 0 | 0 | — | |
| Operating lease assets obtained in exchange for operating lease obligations | 0 | 3 | 0 | 593,900 | — | |
| Common stock issued for business combination | 0 | 132 | 0 | 0 | — | |
| Common stock issued for digital assets | 47 | 0 | 0 | — | — | |
| Debt and equity offering costs | 41 | 10 | 0 | — | — | |
| Digital asset exchanged for other digital asset | 17 | 0 | 0 | — | — | |
| Digital assets pledged as collateral for call option | 175 | 0 | 0 | — | — |
Filings
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