DJT

MKT CAP:$3B

Trump Media & Technology Group Corp.

Market Cap

$3B

Communication Services·Internet Content & Information·🇺🇸 United States·NASDAQ

Communication·Internet·🇺🇸·NASDAQ

Stock Price

$9.70-$4.07 (-29.54%)

Apr 22, 2026

Company Details

Trump Media & Technology Group Corp. develops a social media platform known as Truth Social that offers social networking services in the United States. The company was founded in 2021 and is based in Sarasota, Florida.

CEO

Devin G. Nunes

IPO Date

Jan 2, 1970

Website

tmtgcorp.com

Key Metrics TTM

Revenue

$4M

+1.8% YoY

Net Income

-$712M

EPS (Diluted)

-$2.61

Free Cash Flow

$14M

Revenue / Share

$0.01

Gross Margin

2.8%

Operating Margin

-5051.5%

Net Margin

-19335.8%

FCF Margin

385.2%

P/S

708.2x

P/E

—

Earnings Reports

Q1 2026

May 8, 2026

PENDING

FY 2025

Feb 27, 2026

$4M+1.8%EPS -$2.80

Q4 2025

Feb 27, 2026

$1M+0.5%EPS -$2.19

Q3 2025

Nov 7, 2025

$972.9K-3.8%EPS -$0.20

Q2 2025

Aug 1, 2025

$883.3K+5.5%EPS -$0.08

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$0	$0	-$149.0K
Q4 21	$0	$0	-$1M
Q1 22	$0	$0	-$8M
Q2 22	$0	$0	-$7M
Q1 23	$1M	$1M	-$4M
Q2 23	$1M	$1M	-$4M
Q3 23	$1M	$1M	-$3M
Q4 23	$751.5K	$710.5K	-$5M
Q1 24	$770.5K	$677.1K	-$98M
Q2 24	$836.9K	$800.7K	-$19M
Q3 24	$1M	$887.6K	-$24M
Q4 24	$1M	$634.4K	-$45M
Q1 25	$821.2K	$484.5K	-$40M
Q2 25	$883.3K	$540.4K	-$44M
Q3 25	$972.9K	$526.1K	-$58M
Q4 25	$1M	-$1M	-$45M

Valuation

Quarter	P/S	P/E
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	171.3x
Q1 23	4231.3x	171.6x
Q2 23	2046.1x	789.7x
Q3 23	1397.5x	167.9x
Q4 23	1143.3x	—
Q1 24	1285.5x	—
Q2 24	875.1x	—
Q3 24	795.1x	—
Q4 24	1893.6x	—
Q1 25	986.4x	—
Q2 25	1070.9x	—
Q3 25	1105.8x	—
Q4 25	993.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$53.6K	$53.6K
Q4 21	-$1M	-$1M
Q1 22	-$8M	-$8M
Q2 22	-$7M	-$7M
Q1 23	-$4M	-$4M
Q2 23	-$4M	-$4M
Q3 23	-$3M	-$3M
Q4 23	$733.7K	$733.7K
Q1 24	-$9M	-$9M
Q2 24	-$21M	-$24M
Q3 24	-$22M	-$32M
Q4 24	-$8M	-$8M
Q1 25	-$10M	-$10M
Q2 25	$2M	$2M
Q3 25	$10M	$10M
Q4 25	$12M	$12M

Capital Expenditures

Quarter	CapEx
Q3 21	$0
Q4 21	$0
Q1 22	$37.4K
Q2 22	$23.1K
Q1 23	$0
Q2 23	$2.2K
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$2M
Q3 24	$10M
Q4 24	$2.6K
Q1 25	$3.2K
Q2 25	$552.5K
Q3 25	$14.0K
Q4 25	$3.8K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	—	+11341.1%
Q1 23	—	+3229.4%
Q2 23	—	+303.6%
Q3 23	—	-47.4%
Q4 23	—	-18.4%
Q1 24	-31.0%	+1897.6%
Q2 24	-29.8%	+292.7%
Q3 24	-5.6%	+501.4%
Q4 24	+33.1%	+664.0%
Q1 25	+6.6%	-59.3%
Q2 25	+5.5%	+127.7%
Q3 25	-3.8%	+137.7%
Q4 25	+0.5%	-0.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	—
Q4 21	$0	—
Q1 22	$0	—
Q2 22	$0	—
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$85M	10978.3%
Q2 24	$0	0.0%
Q3 24	$45.7K	4.5%
Q4 24	$23M	2274.2%
Q1 25	$18M	2173.9%
Q2 25	$0	0.0%
Q3 25	$10M	1078.2%
Q4 25	$13M	1303.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 21	—	—	—	$1M
Q1 22	$4M	$3M	$126.8K	—
Q2 22	$4M	$3M	$289.6K	—
Q1 23	$3M	$2M	$256.1K	—
Q2 23	$2M	$2M	$388.4K	—
Q3 23	$2M	$2M	$333.6K	—
Q4 23	$3M	$3M	$301.5K	—
Q1 24	$33M	$65M	$1M	—
Q2 24	$5M	$13M	$1M	—
Q3 24	$4M	$18M	$2M	—
Q4 24	$7M	$35M	$2M	—
Q1 25	$13M	$25M	$497.4K	—
Q2 25	$13M	$29M	$556.0K	—
Q3 25	$8M	$31M	$717.5K	—
Q4 25	$9M	—	—	$35M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$27M	$0	$27M
Q2 22	$3.0K	$0	$3.0K
Q3 22	$1.0K	$0	$1.0K
Q4 22	$10M	$0	$10M
Q1 23	$152.7K	$0	$152.7K
Q2 23	$2M	$0	$2M
Q3 23	$2M	$0	$2M
Q4 23	$3M	$0	$3M
Q1 24	$234M	$0	$234M
Q2 24	$344M	$0	$344M
Q3 24	$372M	$301M	$673M
Q4 24	$170M	$607M	$777M
Q1 25	$146M	$613M	$759M
Q2 25	$2.3B	$619M	$3.0B
Q3 25	$502M	$550M	$1.1B
Q4 25	$166M	$1.0B	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	100M	0.0%	—
Q4 21	100M	0.0%	—
Q1 22	100M	0.0%	—
Q2 22	100M	0.0%	0.0%
Q1 23	100M	0.0%	0.0%
Q2 23	100M	0.0%	0.0%
Q3 23	100M	0.0%	0.0%
Q4 23	100M	0.0%	0.0%
Q1 24	91M	-9.3%	-9.3%
Q2 24	167M	+83.7%	+66.7%
Q3 24	201M	+20.5%	+100.8%
Q4 24	221M	+9.9%	+120.7%
Q1 25	221M	-0.0%	+143.1%
Q2 25	241M	+9.0%	+44.3%
Q3 25	278M	+15.5%	+38.4%
Q4 25	277M	-0.4%	+25.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	—	—
Q4 21	$0	2
Q1 22	$0	2
Q2 22	$0	2
Q1 23	$372.1K	3
Q2 23	$397.4K	3
Q3 23	$357.1K	3
Q4 23	$20.9K	36
Q1 24	$21.4K	36
Q2 24	$23.2K	36
Q3 24	$28.1K	36
Q4 24	$34.5K	29
Q1 25	$28.3K	29
Q2 25	$30.5K	29
Q3 25	$33.5K	29
Q4 25	$32.4K	31

Revenue / Employee