Revenue growth remains stagnant at 6.1% year-over-year as of 2026Q1, while gross margins have collapsed from a 95.7% peak in 2024Q2 to a negative 2.9% in the most recent quarter.
| Sales/Revenue | 3.73M | 3.68M | 3.62M | 4.13M | 1.47M | 0 |
| Revenue Growth % | 1.72% | 1.76% | -12.4% | 180.93% | - | - |
| Cost of Goods Sold | 4.71M | 1.68M | 619K | 164.9K | 54.5K | 0 |
| COGS % of Revenue | - | 45.49% | 17.11% | 3.99% | 3.71% | - |
| Gross Profit | -973.3K | 2.01M | 3M | 3.97M | 1.42M | 0 |
| Gross Margin % | -26.08% | 54.51% | 82.89% | 96.01% | 96.29% | - |
| Gross Profit Growth % | - | -33.08% | -24.37% | 180.1% | - | - |
| Operating Expenses | 195.04M | 575.05M | 189.04M | 19.93M | 24.66M | 6.38M |
| OpEx % of Revenue | - | 15615.36% | 5223.8% | 482.53% | 1677.2% | - |
| Selling, General & Admin | 134.59M | 2.5M | 137M | 10.16M | 10.97M | 3.8M |
| SG&A % of Revenue | - | 67.89% | 3785.8% | 245.9% | 746.11% | - |
| Research & Development | 38.61M | 42.77M | 49.1M | 9.72M | 13.63M | 2.57M |
| R&D % of Revenue | - | 1161.51% | 1356.92% | 235.18% | 927.11% | - |
| Other Operating Expenses | 3M | 529.78M | 2.93M | 59.6K | 58.7K | 6.5K |
| Operating Income | -196.02M | -573.04M | -186.04M | -15.97M | -23.25M | -6.38M |
| Operating Margin % | -5251.49% | -15560.85% | -5140.9% | -386.52% | -1580.91% | - |
| Operating Income Growth % | - | -208.02% | -1065.12% | 31.31% | -264.45% | - |
| EBITDA | -187.57M | -564.71M | -182.69M | -15.75M | -23.1M | -6.37M |
| EBITDA Margin % | -5025.31% | -15334.59% | -5048.25% | -381.33% | -1570.99% | - |
| EBITDA Growth % | -53.72% | -209.12% | -1059.68% | 31.81% | -262.53% | - |
| D&A (Non-Cash Add-back) | 8.44M | 8.33M | 3.35M | 214.2K | 145.9K | 6.5K |
| EBIT | -702.42M | -684.43M | -397.77M | -18.76M | 52.56M | -58.44M |
| Net Interest Income | 7.16M | 19.21M | 11.63M | -39.43M | -2.04M | 7.1K |
| Interest Income | 45.8M | 46.56M | 14.72M | 0 | 0 | 7.1K |
| Interest Expense | 38.63M | 27.35M | 3.09M | 39.43M | 2.04M | - |
| Other Income/Expense | -889.82M | -138.74M | -214.83M | -42.22M | 73.77M | -52.72M |
| Pretax Income | -1.09B | -711.78M | -400.86M | -58.19M | 50.52M | -59.1M |
| Pretax Margin % | -29090.68% | -19328.19% | -11077.29% | -1408.54% | 3435.83% | - |
| Income Tax | 658.9K | -560.1K | 0 | 1.1K | 200 | 0 |
| Effective Tax Rate % | -0.06% | 0.08% | 0% | -0% | 0% | 0% |
| Net Income | -1.09B | -711.22M | -400.86M | -58.19M | 50.52M | -59.1M |
| Net Margin % | -29098.97% | -19312.99% | -11077.29% | -1408.56% | 3435.82% | - |
| Net Income Growth % | -934.51% | -77.42% | -588.9% | -215.17% | 185.49% | - |
| Net Income (Continuing) | -1.09B | -711.22M | -400.86M | -58.19M | 50.52M | -59.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 79.9K | 150.6K | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -3.92 | -2.80 | -2.36 | -0.43 | 0.51 | -0.59 |
| EPS Growth % | -682.36% | -18.64% | -448.84% | -184.31% | 186.44% | - |
| EPS (Basic) | - | -2.80 | -2.36 | -0.43 | 0.51 | -0.59 |
| Diluted Shares Outstanding | 276.74M | 254.54M | 169.63M | 100M | 100M | 100M |
| Basic Shares Outstanding | 276.74M | 254.54M | 169.63M | 100M | 100M | 100M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Extreme key man dependency
As reported in financial statements, DJT's revenue growth remains largely stagnant, with the most recent quarterly figure of $871.2K representing a modest 6.1% year-over-year increase, highlighting the significant challenges the platform faces in scaling its advertising inventory beyond a highly concentrated and specialized ideological user base.
The lack of consistent, double-digit revenue expansion suggests that the platform's value proposition may be limited by its narrow demographic appeal. Investors should monitor whether the company can transition from a political utility to a broader commercial platform, as current growth rates appear insufficient to justify the existing cost structure.
Based on the provided income statement data, gross margins have experienced significant volatility, collapsing from a peak of 95.7% in 2024Q2 to a negative 2.9% in 2026Q1, indicating that the direct costs of service are increasingly outpacing the company's ability to generate meaningful top-line revenue.
This rapid deterioration in gross margin suggests that the company is struggling to manage its infrastructure costs as it attempts to maintain a censorship-free environment. The inability to sustain high margins implies that the platform lacks the pricing power or scale necessary to offset rising technical overhead.
According to recent SEC filings, the company's operating leverage remains severely constrained, with SG&A expenses of $38.6M in 2026Q1 dwarfing the $871.2K in revenue, which underscores a fundamental disconnect between the firm's administrative overhead and its current capacity to monetize its active user base effectively.
The persistent reliance on heavy SG&A spending suggests that the company is incurring significant costs related to its public status and regulatory compliance. Without a clear path to scaling revenue, the current operating model appears to be structurally incapable of achieving profitability through traditional operational efficiencies.
As evidenced by the extreme net margin of -465.8% in 2026Q1, the company's bottom-line performance is heavily impacted by non-operating items, suggesting that reported net income is a poor proxy for the underlying cash-generating capability of the core social media business operations.
The massive fluctuations in net income, including the $605.5M loss in 2025Q4, indicate that derivative liabilities and other non-cash accounting adjustments are creating significant noise. Analysts should focus on core operating cash flow to strip away these distortions and assess the true sustainability of the business.
Based on the reported figures, the company's persistent operating losses and negative gross margins present a compelling case for skepticism, as the current burn rate suggests that the platform's existence is heavily reliant on its cash reserves rather than any demonstrated ability to achieve self-sustaining profitability.
Short-sellers would likely focus on the widening gap between revenue and operating expenses, which suggests that the business model may be fundamentally flawed in its current iteration. The reliance on a single, high-profile individual for user engagement creates a binary risk profile that could lead to rapid value destruction.
Quick answers to the most common questions about buying DJT stock.
For fiscal year 2025, Trump Media & Technology Group Corp. (DJT) reported total revenue of $3.7M.
Trump Media & Technology Group Corp. (DJT) reported a net loss of $711.2M for the fiscal year ending 2025.
Trump Media & Technology Group Corp. (DJT) reported an operating income of $-573.0M, resulting in an operating profit margin of -15560.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Trump Media & Technology Group Corp. (DJT) generated $2.0M in gross profit for the year, representing a gross profit margin of 54.5%. This demonstrates the company's core pricing power and production efficiency.