# Trump Media & Technology Group Corp. (DJT)

> Source: Nexqual · https://nexqual.com/DJT · data as of 2026-10-23 16:59 UTC · cite as "Nexqual, Trump Media & Technology Group Corp. (DJT), nexqual.com/DJT" · informational, not investment advice.

**Price:** USD 6.38 (-3.56% today) · US market open, as of October 23, 2026 at 16:59 UTC; quotes may be delayed. Prev close 6.61 · day 6.28–6.58 · 52w 6.28–17.09 · market cap $1.77B · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.5M, net income -$1.30B (-28867.7% margin), free cash flow $8.5M (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y -59.9% vs S&P 500 +14.6%; 5Y -90.6% vs S&P 500 +77.3%.
- Next earnings: 2026-11-06, EPS estimate USD —, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | — | $1.5M | $4.1M | $3.6M | $3.7M | $4.5M |
| Gross profit | — | $1.4M | $4.0M | $3.0M | $2.0M | — |
| Operating income | -$2.0M | -$23.2M | -$16.0M | -$186M | -$573M | -$947M |
| Net income | -$2.0M | $50.5M | -$58.2M | -$401M | -$712M | -$1.30B |
| EPS (diluted) | — | $0.58 | -$0.67 | -$2.36 | -$2.80 | — |
| Free cash flow | — | -$24.3M | -$9.7M | -$66.0M | $14.2M | $8.5M |
| Gross margin | — | 96.3% | 96.0% | 82.9% | 54.5% | — |
| Operating margin | — | -1580.9% | -386.5% | -5140.9% | -15560.8% | -20955.8% |
| Net margin | — | 3435.8% | -1408.6% | -11077.3% | -19343.4% | -28867.7% |
| Revenue growth | — | — | +180.9% | -12.4% | +1.8% | — |
| Cash + short-term investments | $328K | $1K | $2.6M | $777M | $440M | — |
| Total debt | — | — | $3.5M | $4.8M | $947M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 392.1x · P/FCF 208.8x · P/B 1.7x · FCF yield 0.48% · Earnings yield -73.62% · Buyback yield (TTM) 2.56%

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -59.9% | -90.6% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | -59.9% | -37.7% |
| Volatility (annualized) | 69.1% | 92.3% |
| Max drawdown | -60.5% (Oct 2025→Oct 2026) | -93.5% (Feb 2022→Oct 2026) |

## Peers (Internet Content & Information)
GENI (Genius Sports Limited) USD 6.31 -3.59% · OPRA (Opera Limited) USD 17.44 -1.69% · WB (Weibo Corporation) USD 6.25 -1.19% · RUM (RUM Group Inc.) USD 5.61 +1.17% · ATHM (Autohome Inc.) USD 20.16 -1.18% · STUB (StubHub Holdings, Inc.) USD 5.92 -3.03%

## More
Full page: https://nexqual.com/DJT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in DJT's own 10-K filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1849635/000114036126007174/ef20062365_10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Yorkville Securities | "We entered into an Agreement with Yorkville Securities to serve as M&A Advisor in connection with the pending merger with TAE Technologies, Inc. in December 2025." |
| Partner | Apple (AAPL) | "parties may attempt to pressure Apple and Google to remove Truth Social from their application marketplaces, and such removal may constitute a force majeure event under the operative version of TMTG's License Agreement w…" |
| Partner | Alphabet (Google) (GOOGL) | "parties may attempt to pressure Apple and Google to remove Truth Social from their application marketplaces, and such removal may constitute a force majeure event under the operative version of TMTG's License Agreement w…" |
| Partner | Yorkville Acquisition Corp. (MCGA) | "Yorkville Acquisition Corp. (the "TMTG Contribution Agreement" and, together with the Crypto.com Contribution Agreements (as defined in the Business Combination Agreement) and the TMTG License Agreement (defined below), …" |
| Partner | Yorkville America | "On April 2, 2025, we provided initial operational funding to Yorkville America, LLC, ("Yorkville America"), through a services agreement and licensing agreement." |
| Partner | TAE Technologies | "We entered into an Agreement with Yorkville Securities to serve as M&A Advisor in connection with the pending merger with TAE Technologies, Inc. in December 2025." |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Media | $1.6M | 96.7% | +82.8% |
| Truthfi | $55,400 | 3.3% | — |
| Total revenue | $1.7M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Advertising | $1.4M | 85.9% | — |
| Subscriptions | $179,500 | 10.8% | — |
| Total revenue | $1.7M | 100% | — |
The lines above cover 96.7% of total revenue.

## Customer concentration

Period ended 2026-03-31: 66.5% of revenue from unnamed direct customers (10-Q, filed 2026-05-08).

## Company outlook (8-K filed 2026-08-10)

- "On August 1, 2026, the Company launched its first data licensing product—Truth API, a business-to-business data feed subscription that provides licensed, low latency access to publicly-available posts from certain top Truth Social accounts and is expected to provide the Company with a new revenue stream."
- "Readers are cautioned not to put undue reliance on forward-looking statements, and TMTG assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-06 (includes earnings 2026-11-06): ±12.1%; earnings reaction alone ±5.5%; last 8 reports averaged ±4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 70.0% | ±8.1% |
| 2026-11-06 | 14 | 75.3% | ±12.1% |
| 2026-11-13 | 21 | 73.9% | ±14.4% |
| 2026-11-20 | 28 | 71.5% | ±16.1% |
| 2026-11-27 | 35 | 66.7% | ±16.7% |
| 2026-12-04 | 42 | 65.8% | ±18.1% |
| 2026-12-18 | 56 | 64.2% | ±20.2% |
| 2027-01-15 | 84 | 67.9% | ±25.7% |