The company's financial stability has deteriorated significantly, with total liabilities reaching $983.5 million and a debt-to-equity ratio climbing to 0.77 as of 2026Q1.
| Total Current Assets | 1.05B | 1.2B | 784.26M | 2.98M | 10.64M | 19.19M |
| Cash & Short-Term Investments | 456.44M | 1.19B | 776.78M | 2.57M | 9.81M | 18.73M |
| Cash Only | 249.07M | 165.89M | 170.24M | 2.57M | 9.81M | 18.73M |
| Short-Term Investments | 207.37M | 1.03B | 606.55M | 0 | 0 | 0 |
| Accounts Receivable | 4.17M | 244.5K | 17.4K | 81K | 507.8K | 23.3K |
| Days Sales Outstanding | 17.48K | 24.23 | 1.75 | 7.16 | 126.04 | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 591.03M | 9.99M | 7.46M | 327.5K | 326K | 0 |
| Total Non-Current Assets | 1.18B | 1.64B | 154.03M | 382.4K | 594.5K | 62.1K |
| Property, Plant & Equipment | 5.7M | 5.56M | 7.78M | 382.4K | 594.5K | 62.1K |
| Fixed Asset Turnover | 0.61x | 0.66x | 0.47x | 10.80x | 2.47x | - |
| Goodwill | 120.88M | 120.88M | 120.88M | 0 | 0 | 0 |
| Intangible Assets | 18.47M | 1.1B | 25.36M | 0 | 0 | 0 |
| Long-Term Investments | 1.67B | 200.5M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.04B | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 2.24B | 2.84B | 938.29M | 3.36M | 11.24M | 19.25M |
| Asset Turnover | 0.00x | 0.00x | 0.00x | 1.23x | 0.13x | - |
| Asset Growth % | 1446.63% | 202.61% | 27795.34% | -70.07% | -41.63% | - |
| Total Current Liabilities | 980.23M | 980.1M | 17.3M | 65.28M | 19.45M | 907K |
| Accounts Payable | 0 | 3.85M | 1.48M | 871.2K | 268.7K | 811.5K |
| Days Payables Outstanding | 324.29 | 838.42 | 874.64 | 1.93K | 1.8K | - |
| Short-Term Debt | 959.22M | 947.51M | 4.78M | 41.82M | 4.12M | 0 |
| Deferred Revenue (Current) | 1.12M | 30.4K | 1.01M | 4.41M | 0 | 0 |
| Other Current Liabilities | 19.94M | 28.71M | 0 | 17.28M | 14.91M | 0 |
| Current Ratio | 1.07x | 1.23x | 45.33x | 0.05x | 0.55x | 21.16x |
| Quick Ratio | 1.07x | 1.23x | 45.33x | 0.05x | 0.55x | 21.16x |
| Cash Conversion Cycle | 17.15K | - | - | - | - | - |
| Total Non-Current Liabilities | 3.22M | 212.41M | 7.4M | 4.85M | 362K | 77.44M |
| Long-Term Debt | 2.11M | 2.17M | 4.84M | 3.53M | 0 | 2.09M |
| Capital Lease Obligations | 5.79M | 1.72M | 2.56M | 201.6K | 362K | 0 |
| Deferred Tax Liabilities | 211.61M | 210.25M | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 451.2K | -1.72M | 0 | 1.12M | 0 | 75.36M |
| Total Liabilities | 983.45M | 1.19B | 24.7M | 70.13M | 19.81M | 78.35M |
| Total Debt | 961.33M | 951.4M | 13.26M | 45.71M | 4.64M | 2.09M |
| Net Debt | 712.27M | 785.51M | -156.98M | 43.14M | -5.17M | -16.65M |
| Debt / Equity | 0.77x | 0.58x | 0.01x | - | - | - |
| Debt / EBITDA | -5.13x | - | - | - | - | - |
| Net Debt / EBITDA | -3.80x | - | - | - | - | - |
| Interest Coverage | -18.18x | -25.03x | -128.74x | -0.48x | 25.78x | - |
| Total Equity | 1.25B | 1.65B | 913.59M | -66.76M | -8.57M | -59.1M |
| Equity Growth % | 867.73% | 80.26% | 1468.43% | -678.78% | 85.49% | - |
| Book Value per Share | 4.53 | 6.47 | 5.39 | -0.67 | -0.09 | -0.59 |
| Total Shareholders' Equity | 1.25B | 1.65B | 913.59M | -66.76M | -8.57M | -59.1M |
| Common Stock | 28.1K | 28.1K | 22.1K | 8.8K | 0 | 0 |
| Retained Earnings | -4.06B | -3.66B | -2.95B | -66.77M | -8.57M | -59.1M |
| Treasury Stock | 0 | -56.52M | -2.91M | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 79.9K | 150.6K | 0 | 0 | 0 | 0 |
Key man dependency risk
As reported in financial statements, the company's balance sheet has shifted from a net-cash position in 2025Q2 to a leveraged state by 2026Q1, with total liabilities ballooning to $983.5 million, signaling a rapid erosion of financial stability that warrants significant investor caution regarding long-term viability.
The transition from a debt-free status to holding nearly $1 billion in total debt over a few quarters suggests an aggressive reliance on external financing to sustain operations. This trajectory indicates that the business model is not yet self-funding, forcing the company to leverage its balance sheet to cover persistent operational deficits.
Based on recent SEC filings, the company's debt-to-equity ratio has climbed to 0.77 as of 2026Q1, a stark increase from the near-zero levels observed in 2024, reflecting a strategic shift toward debt-heavy financing that may complicate future capital allocation and increase interest expense burdens.
The accumulation of $961.3 million in total debt appears to be a necessity-driven move to maintain liquidity rather than a strategic expansion of assets. Investors should monitor whether this debt load becomes a structural anchor, as the company lacks the consistent cash flow generation required to service such obligations comfortably.
According to the latest quarterly data, the current ratio has compressed significantly to 1.07 in 2026Q1 from historical highs exceeding 40.0, suggesting that the company's immediate liquidity buffer is rapidly diminishing as cash reserves are deployed to fund ongoing operating losses and infrastructure requirements.
The sharp decline in the current ratio implies that the company is consuming its liquid assets at an unsustainable pace. While the $249.1 million in cash provides a temporary cushion, the rapid depletion rate suggests that the firm may face liquidity constraints if revenue growth does not accelerate materially.
As evidenced by the reported figures, retained earnings have plummeted to a deficit of $4.1 billion by 2026Q1, indicating that years of heavy operational losses have severely impaired the company's equity base and left the firm with a fragile capital foundation for future growth initiatives.
The persistent negative retained earnings highlight the difficulty the company faces in creating shareholder value through core operations. This erosion of equity suggests that the current valuation is disconnected from the underlying book value, potentially exposing shareholders to significant downside risk if market sentiment shifts.
Based on the balance sheet, the presence of $120.9 million in goodwill alongside minimal net PPE of $5.7 million suggests that the company's asset base is largely intangible, creating a risk of future impairment charges if the platform's brand-driven user engagement fails to meet expectations.
The reliance on intangible assets rather than tangible infrastructure makes the balance sheet highly sensitive to changes in the company's perceived political utility. If the platform's unique brand association weakens, the carrying value of these assets may be subject to significant downward revisions, further pressuring the equity base.
Quick answers to the most common questions about buying DJT stock.
As of 2025, Trump Media & Technology Group Corp. (DJT) had total assets of $2.84B including $1.20B in current assets.
Trump Media & Technology Group Corp. (DJT) carries total debt of $951.4M, offset by $1.19B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Trump Media & Technology Group Corp. (DJT) has total shareholders' equity (book value) of $1.65B ($6.47 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Trump Media & Technology Group Corp. (DJT) reported a current ratio of 1.23x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.