Trump Media & Technology Group Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Trump Media & Technology Group Corp. reported revenue of $3.7M (+1.8% year on year) and net income of ($712.3M).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net sales | $3.7M | $3.6M | — | — |
| Cost of revenue | $1.7M | $619.0K | — | — |
| Research and development | $42.8M | $49.1M | — | — |
| Sales and marketing | $2.5M | $6.4M | — | — |
| General and administration | $119.1M | $130.6M | — | — |
| Realized and unrealized loss, net, on digital assets and digital assets pledged | $403.2M | — | — | — |
| Depreciation and amortization | $7.4M | $2.9M | — | — |
| Total operating costs and expenses | $576.7M | $189.7M | — | — |
| Loss from operations | ($573.0M) | ($186.0M) | ($33.3M) | ($18.5M) |
| Interest income | $46.6M | $14.7M | $13.9M | $4.3M |
| Interest expense | ($27.3M) | ($3.1M) | — | — |
| Investment loss | ($183.0M) | — | — | — |
| Litigation settlements | $25.0M | — | — | — |
| Change in fair value of derivative liabilities | $0 | ($225.9M) | — | — |
| Loss on the conversion of convertible debt | $0 | ($542.3K) | — | — |
| Loss from operations before income taxes | ($711.8M) | ($400.9M) | ($18.3M) | ($14.2M) |
| Income tax expense | ($560.1K) | $0 | $3.5M | ($979.5K) |
| Net loss | ($712.3M) | — | ($21.9M) | ($15.2M) |
| Less net loss attributable to noncontrolling interest | $278.8K | — | — | — |
| Net loss available to common stockholders | ($712.1M) | — | — | — |
| Basic (in Dollars per share) | -$2.80 | -$2.36 | -$1.48 | -$0.82 |
| Diluted (in Dollars per share) | -$2.80 | -$2.36 | -$1.48 | -$0.82 |
| Basic (in Shares) | 254.5M | 169.6M | 37.2M | 37.2M |
| Diluted (in Shares) | 254.5M | 169.6M | 37.2M | 37.2M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net sales | $1.7M | $871.2K | $972.9K | $883.3K |
| Cost of revenue (excluding depreciation and amortization) | $499.9K | — | — | — |
| Research and development | $8.2M | $8.4M | $8.3M | $13.0M |
| Sales and marketing | $2.0M | $691.2K | $717.5K | $556.0K |
| General and administration | $35.9M | $37.9M | $31.1M | $28.6M |
| Realized and unrealized loss on digital assets and digital assets pledged | $116.7M | — | — | — |
| Depreciation and amortization | $1.9M | $1.9M | $1.9M | $1.8M |
| Total operating costs and expenses | $165.2M | $294.4M | $58.6M | $44.4M |
| Loss from operations | ($163.5M) | ($293.5M) | ($57.7M) | ($43.5M) |
| Interest income | $7.2M | $7.2M | $13.4M | $16.8M |
| Interest expense | ($11.7M) | ($11.5M) | ($11.5M) | ($4.1M) |
| Investment income/(loss) | ($71.8M) | ($108.2M) | — | — |
| Litigation settlement | $1.8M | $151.9K | — | — |
| Loss from operations before income taxes | ($238.0M) | ($405.8M) | ($54.8M) | ($19.7M) |
| Income tax expense | ($98.9K) | ($98.8K) | ($84.6K) | ($310.3K) |
| Net loss | ($238.1M) | ($405.9M) | ($54.8M) | ($20.0M) |
| Less net loss attributable to noncontrolling interest | $75.0K | $70.7K | $40.4K | $19.6K |
| Net loss available to common stockholders | ($238.0M) | ($405.8M) | ($54.8M) | ($20.0M) |
| Basic (in dollars per share) | -$0.86 | -$1.47 | -$0.20 | -$0.08 |
| Diluted* (in dollars per share) | -$0.86 | -$1.47 | -$0.20 | -$0.08 |
| Basic (in shares) | 277.3M | 276.7M | 277.9M | 240.5M |
| Diluted (in shares) | 277.3M | 276.7M | 277.9M | 240.5M |
| Stock-based compensation expense | $8.1M | — | — | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $134.6M | $170.2M | $395.0K | $989 |
| Restricted cash | $31.3M | — | — | — |
| Short-term investments | $305.1M | $606.5M | — | — |
| Equity securities (Note 2) | $722.1M | — | — | — |
| Prepaid expenses and other current assets | $10.0M | $7.5M | — | — |
| Accounts receivable, net | $244.5K | $17.4K | — | — |
| Total current assets | $1.2B | $784.3M | $395.0K | $169.3K |
| Convertible note receivable | $200.0M | — | — | — |
| Interest receivable | $498.6K | — | — | — |
| Property and equipment, net | $3.1M | $4.4M | — | — |
| Goodwill | $120.9M | $120.9M | — | — |
| Digital assets (Note 5) | $904.4M | — | — | — |
| Digital assets pledged (Note 5) | $175.3M | — | — | — |
| Intangible assets, net | $19.8M | $25.4M | — | — |
| Right-of-use assets, net | $2.5M | $3.4M | — | — |
| Total assets | $2.6B | $938.3M | $311.0M | $300.5M |
| Accounts payable and accrued expenses | $32.3M | $10.2M | — | — |
| Convertible notes payable (Note 11) | $941.9M | — | — | — |
| Related party payables | $262.0K | $262.0K | $2.4M | — |
| Unearned revenue | $30.4K | $1.0M | — | — |
| Current portion of long-term debt | $4.8M | $4.8M | — | — |
| Current portion of operating lease liability | $836.2K | $1.1M | — | — |
| Total current liabilities | $980.1M | $17.3M | $56.2M | $22.5M |
| Long-term operating lease liability | $1.7M | $2.6M | — | — |
| Long-term debt - other | $442.6K | $4.8M | — | — |
| Deferred tax liability | $560.1K | — | — | — |
| Total liabilities | $982.8M | $24.7M | $66.2M | $32.5M |
| 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 | — | — |
| 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 | 28.1K | 22.1K | 843 | 846 |
| Paid in Capital | $5.4B | $3.9B | — | — |
| Treasury stock, at cost (4,279,691 and 128,138 shares) | -56.5M | -2.9M | — | — |
| Accumulated Deficit | ($3.7B) | ($2.9B) | ($63.9M) | ($31.0M) |
| Total stockholders’ equity | $1.6B | $913.6M | ($63.9M) | ($31.0M) |
| Noncontrolling interest | $150.6K | — | — | — |
| Total equity | $1.6B | — | — | — |
| Total liabilities and stockholders’ equity/(deficit) | $2.6B | $938.3M | $311.0M | $300.5M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents (1) | $215.5M | $249.1M | $166.1M | $1.3B |
| Restricted cash | $30.7M | $30.5M | $335.8M | $1.0B |
| Short-term investments | $209.2M | $207.4M | $550.4M | $619.3M |
| Equity Securities, FV-NI, Current | $480.5M | — | — | — |
| Prepaid expenses and other current assets (1) | $12.7M | $10.3M | $10.0M | $10.8M |
| Accounts receivable, net | $335.7K | $221.6K | $298.8K | $317.3K |
| Total current assets | $948.9M | $1.1B | $1.7B | $3.1B |
| Convertible note receivable | $200.0M | $200.0M | — | — |
| Interest receivable | $7.4M | $4.0M | — | — |
| Property and equipment, net | $2.1M | $2.6M | $3.6M | $4.1M |
| Goodwill | $120.9M | $120.9M | $120.9M | $120.9M |
| Digital assets (Note 4) | $719.8M | $700.1M | $1.5B | — |
| Intangible assets, net | $17.1M | $18.5M | $21.2M | $22.6M |
| Operating lease cost ROU assets, net | $2.9M | $3.1M | $2.7M | $3.0M |
| Total assets | $2.0B | $2.2B | $3.3B | $3.2B |
| Accounts payable and accrued expenses (1) | $21.8M | $19.7M | $32.7M | $17.2M |
| Convertible notes payable (Note 10) | $964.9M | $953.3M | — | — |
| Related party payables | $0 | $262.0K | $262.0K | $262.0K |
| Unearned revenue | $400.5K | $1.1M | $23.8K | $0 |
| Current portion of long-term debt | $5.0M | $4.9M | $4.7M | $5.0M |
| Operating lease liabilities, current | $1.1M | $1.1M | $858.5K | $880.6K |
| Total current liabilities | $993.2M | $980.2M | $38.6M | $23.4M |
| Operating lease liabilities, non-current | $1.8M | $2.1M | $1.9M | $2.1M |
| Long-Term Debt, Excluding Current Maturities | $460.0K | $451.2K | — | — |
| Deferred tax liability | $757.8K | $659.0K | $394.9K | $310.3K |
| Total liabilities | $996.2M | $983.5M | $987.0M | $965.1M |
| Preferred Stock $0.0001 par value – 1,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2026 and December 31, 2025 | 0 | 0 | 0 | 0 |
| Common Stock $0.0001 par value – 999,000,000 shares authorized, 277,925,030 and 276,724,314 shares issued and outstanding at June 30, 2026 and December 31, 2025 | 28.2K | 28.1K | 28.1K | 27.8K |
| Paid in capital | $5.4B | $5.4B | $5.3B | $5.3B |
| Treasury stock, at cost (4,279,691 and 4,279,691 shares) | -56.5M | -56.5M | — | — |
| Accumulated deficit | ($4.3B) | ($4.1B) | ($3.1B) | ($3.0B) |
| Total stockholders’ equity | $1.0B | $1.3B | $2.3B | $2.3B |
| Noncontrolling interest | $4.9K | $79.9K | $190.0K | $230.4K |
| Total equity | $1.0B | $1.3B | $2.3B | $2.3B |
| Total liabilities and stockholders’ equity | $2.0B | $2.2B | $3.3B | $3.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net loss | ($712.3M) | — | ($21.9M) | ($15.2M) |
| Non-cash interest expense on debt | $27.0M | $3.0M | — | — |
| Non-cash interest income | ($498.6K) | — | — | — |
| Change in fair value of derivative liabilities | $0 | $225.9M | — | — |
| Depreciation and amortization | $7.4M | $2.9M | — | — |
| Loss on extinguishment of debt | $0 | $542.3K | — | — |
| Stock based compensation | $59.2M | $107.4M | — | — |
| Realized and unrealized loss, net, on digital assets and digital assets pledged | $403.2M | — | — | — |
| Net unrealized loss on investments | $178.8M | — | — | — |
| Premiums received from assigned put options | $44.0M | — | — | — |
| Operating lease amortization | $910.8K | $418.9K | — | — |
| Deferred taxes | $560.1K | — | — | — |
| Prepaid expenses and other current assets | ($18.2M) | ($2.3M) | — | — |
| Accounts receivable | ($227.2K) | $63.6K | — | — |
| Unearned revenue | ($980.2K) | ($3.4M) | — | — |
| Operating lease liabilities | ($893.9K) | ($203.1K) | — | — |
| Accounts payable and accrued liabilities | $26.8M | $5.5M | — | — |
| Net cash provided by/(used in) operating activities | $14.8M | ($61.0M) | ($5.1M) | ($1.4M) |
| Purchases of property and equipment | ($573.5K) | ($5.0M) | — | — |
| Purchase of intangible assets | $0 | ($7.0M) | — | — |
| Purchase of short-term investments | ($23.5M) | ($606.5M) | — | — |
| Sale of short-term investments | $325.0M | — | — | — |
| Purchase of digital assets | ($1.4B) | — | — | — |
| Purchase of equity securities | ($932.3M) | — | — | — |
| Sale of equity securities | $92.3K | — | — | — |
| Investment in convertible note receivable | ($200.0M) | — | — | — |
| Net cash used in investing activities | ($2.3B) | ($618.6M) | $3.5M | ($2.8M) |
| Proceeds of convertible notes | $960.0M | $47.5M | — | — |
| Repurchase of convertible notes | ($15.2M) | — | — | — |
| Repayment of convertible notes | $0 | $0 | — | — |
| Repayment of long-term debt | ($4.6M) | — | — | — |
| Proceeds from merger | $0 | $233.0M | — | — |
| Proceeds from PIPE | $1.4B | — | — | — |
| Payments of debt and equity offering costs | ($34.4M) | — | — | — |
| Repurchases of common stock | ($53.6M) | ($2.9M) | — | — |
| Proceeds from SEPA, net | $0 | $449.9M | — | $0 |
| Proceeds from the exercise of warrants, net | $299.8K | $119.8M | — | — |
| Contribution for non-controlling interest | $429.4K | — | — | — |
| Net cash provided by financing activities | $2.2B | $847.2M | $2.0M | $3.9M |
| Net change in cash, cash equivalents, and restricted cash | ($4.3M) | $167.7M | — | — |
| Cash and cash equivalents, beginning of year | $170.2M | $2.6M | $989 | $327.7K |
| Cash, cash equivalents, and restricted cash, end of year | $165.9M | — | — | — |
| Cash and cash equivalents | $134.6M | — | — | — |
| Restricted cash | $31.3M | — | — | — |
| Total cash, cash equivalents, and restricted cash, end of period | $165.9M | — | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($644.0M) | ($405.9M) | ($106.6M) | ($51.7M) |
| Non-cash interest expense on debt | $23.2M | $11.5M | $15.4M | $4.3M |
| Non-cash interest income | ($6.9M) | ($3.5M) | — | — |
| Other non-cash expenses | $1.3M | — | — | — |
| Depreciation and amortization | $3.7M | $1.9M | $5.5M | $3.6M |
| Stock based compensation | $19.9M | $11.8M | $46.1M | $35.6M |
| Realized and unrealized loss on digital assets and digital assets pledged | $360.6M | — | — | — |
| Net unrealized loss/(gain) on investments | $197.9M | — | — | — |
| Operating lease amortization | $509.0K | $245.1K | $677.1K | $447.8K |
| Deferred taxes | $197.7K | $98.8K | $394.9K | $310.3K |
| Prepaid expenses and other current assets | $5.0M | $7.7M | — | ($1.5M) |
| Accounts receivable | ($91.2K) | $23.0K | ($281.4K) | ($299.9K) |
| Unearned revenue | ($664.9K) | $1.2K | ($986.9K) | ($1.0M) |
| Operating lease liabilities | ($506.6K) | ($245.2K) | ($662.1K) | ($436.7K) |
| Accounts payable and accrued expenses | $26.1M | $24.5M | $23.7M | $6.8M |
| Net cash used in operating activities | ($13.7M) | $17.9M | $2.6M | ($7.4M) |
| Purchases of equity securities | ($2.0M) | ($1.9M) | ($592.8M) | ($118.8M) |
| Sales of equity securities | $78.2K | — | $92.3K | $18.3K |
| Purchases of property and equipment | ($10.4K) | ($7.3K) | ($569.7K) | ($555.7K) |
| Purchases of short-term investments | ($4.1M) | ($2.3M) | ($18.9M) | ($12.8M) |
| Proceeds from short-term investments sold | $100.0M | $100.0M | $75.0M | — |
| Net cash provided by/(used in) investing activities | $93.9M | $95.7M | ($2.0B) | ($132.1M) |
| Proceeds of convertible notes | $0 | — | $960.0M | $960.0M |
| Proceeds from PIPE, net | $0 | — | $0 | — |
| Payments of debt and equity offering costs | $0 | — | ($34.4M) | ($34.4M) |
| Repurchase of common stock | $0 | $0 | ($14.7M) | ($8.3M) |
| Proceeds from the exercise of warrants, net | $80.5K | $80.5K | $268.2K | $238.1K |
| Contribution for non-controlling interest | $0 | — | $250.0K | $250.0K |
| Net cash provided by financing activities | $80.5K | $80.5K | $2.3B | $2.3B |
| Net change in cash, cash equivalents, and restricted cash | $80.3M | $113.7M | $331.7M | $2.2B |
| Cash, cash equivalents, and restricted cash, beginning of period | $165.9M | — | — | — |
| Cash, cash equivalents and restricted cash, end of period | $246.2M | $279.6M | $501.9M | $2.3B |
| Cash and cash equivalents | $215.5M | $249.1M | $166.1M | $1.3B |
| Restricted cash | $30.7M | $30.5M | $335.8M | $1.0B |
| Total cash, cash equivalents, and restricted cash, end of period | $246.2M | $165.9M | $170.2M | $170.2M |
| Cash paid for interest | $0 | $0 | $370.4K | $0 |
| Cash paid for taxes | $0 | $0 | $895.7K | $895.7K |
| Operating lease asset obtained in exchange for operating lease obligation | $884.7K | $884.7K | — | — |
Trump Media & Technology Group Corp. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.