Trump Media & Technology Group Corp.
DJT, DJTWW · Services-Computer Programming, Data Processing, Etc. · 277.0M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Reference price $10.46 · est. market cap ~$2.9B — last insider purchase, 2025-11-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D40Social-media company with enormous operating losses, offset by interest income on a large cash pile.
Strengths
- Cash-funded, positive reported FCF — FCF $14M (24th, interest-driven)
Risks
- Enormous operating losses — operating margin -156%
- Minimal revenue base — per 10-K
- Brand/concentration and governance risk — per 10-K
Notable findings
- No interest coverageInterest coverage -20.95 (cannot cover interest)
- Net lossNet loss (net margin -19343.4%)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $440M cash & investments
- Revenue declineRevenue -13.3% YoY
- Notable holderHeld by 4 notable fund(s): CITADEL ADVISORS LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +1 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
54.5%
Operating margin
-15560.8%
Net margin
-19343.4%
Return on equity
-43.3%
Return on assets
-27.1%
ROIC
-27.5%
Revenue growth (QoQ)
-13.3%
Debt / equity
0.0×
Interest coverage
-21.0×
Current ratio
1.2×
Free cash flow
$14M
EBITDA
-$566M
Tangible book value
$1.5B
Cash & investments
$440M
Stock comp / revenue
1607.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-19 | Bernhardt David Longly | Grant | 24K | — |
| 2026-06-19 | EPSHTEYN BORIS | Grant | 47K | — |
| 2026-06-19 | Holding George Edward Bell | Grant | 24K | — |
| 2026-06-19 | Green W. Kyle | Grant | 24K | — |
| 2026-06-19 | Trump Donald J. JR | Grant | 24K | — |
| 2026-06-19 | O'Rourke Meredith Michelle | Grant | 47K | — |
| 2026-05-27 | Novachki Vladimir | Tax withheld | 18K | $8.47 |
| 2026-05-27 | Novachki Vladimir | Grant | 373K | — |
| 2026-05-27 | Glabe Scott | Tax withheld | 21K | $8.47 |
| 2026-05-27 | Glabe Scott | Grant | 329K | — |
| 2026-05-27 | Juhan Phillip | Tax withheld | 17K | $8.47 |
| 2026-05-27 | Juhan Phillip | Grant | 329K | — |
| 2026-05-21 | McGurn Kevin | Tax withheld | 8.9K | $8.00 |
| 2026-05-13 | Novachki Vladimir | Tax withheld | 17K | $8.76 |
| 2026-05-13 | Glabe Scott | Tax withheld | 13K | $8.75 |
| 2026-05-13 | Juhan Phillip | Tax withheld | 7.6K | $8.75 |
| 2026-04-24 | McGurn Kevin | Grant | 146K | — |
| 2026-03-04 | Nunes Devin G. | Tax withheld | 47K | $10.89 |
| 2026-03-04 | Novachki Vladimir | Tax withheld | 11K | $10.88 |
| 2026-03-04 | Glabe Scott | Tax withheld | 9.0K | $10.88 |
| 2026-03-04 | Juhan Phillip | Tax withheld | 5.3K | $10.89 |
| 2025-11-18 | Glabe Scott | Buy | 1.0K | $10.46 |
| 2025-11-17 | Swider Eric | Sell | 5.2K | $10.59 |
| 2025-11-13 | Nunes Devin G. | Tax withheld | 62K | $12.18 |
| 2025-11-13 | Novachki Vladimir | Tax withheld | 19K | $12.18 |
| 2025-11-13 | Glabe Scott | Tax withheld | 13K | $12.17 |
| 2025-11-13 | Juhan Phillip | Tax withheld | 8.3K | $12.17 |
| 2025-08-29 | Swider Eric | Sell | 5.0K | $17.61 |
| 2025-08-22 | Holding George Edward Bell | Grant | 23K | — |
| 2025-08-22 | Bernhardt David Longly | Grant | 23K | — |
| 2025-08-22 | Swider Eric | Grant | 12K | — |
| 2025-08-22 | Lighthizer Robert | Grant | 12K | — |
| 2025-08-22 | Green W. Kyle | Grant | 12K | — |
| 2025-08-22 | Trump Donald J. JR | Grant | 12K | — |
| 2025-08-06 | Glabe Scott | Tax withheld | 13K | $16.20 |
| 2025-08-06 | Glabe Scott | Grant | 142K | — |
| 2025-08-06 | Novachki Vladimir | Grant | 142K | — |
| 2025-08-06 | Novachki Vladimir | Tax withheld | 18K | $16.21 |
| 2025-08-06 | Juhan Phillip | Grant | 142K | — |
| 2025-08-06 | Juhan Phillip | Tax withheld | 8.1K | $16.21 |
| 2025-08-06 | Nunes Devin G. | Grant | 348K | — |
| 2025-08-06 | Nunes Devin G. | Tax withheld | 60K | $16.21 |
| 2025-06-10 | Swider Eric | Sell | 8.5K | $21.41 |
| 2025-05-14 | Swider Eric | Sell | 3.0K | $26.65 |
| 2025-05-14 | Juhan Phillip | Sell | 7.6K | $26.41 |
| 2025-05-14 | Juhan Phillip | Sell | 416 | $27.40 |
| 2025-05-14 | Juhan Phillip | Sell | 37K | $27.30 |
| 2025-05-14 | Juhan Phillip | Sell | 248 | $27.78 |
| 2025-05-14 | Glabe Scott | Sell | 12K | $26.42 |
| 2025-05-14 | Glabe Scott | Sell | 44K | $26.41 |
| 2025-05-14 | Glabe Scott | Sell | 1.3K | $27.37 |
| 2025-05-14 | Novachki Vladimir | Sell | 17K | $26.42 |
| 2025-05-14 | Novachki Vladimir | Sell | 730 | $27.42 |
| 2025-05-14 | Nunes Devin G. | Sell | 57K | $26.42 |
| 2025-05-14 | Nunes Devin G. | Sell | 2.3K | $27.42 |
| 2025-05-14 | Glabe Scott | Sell | 520 | $27.43 |
| 2025-03-12 | Swider Eric | Sell | 10K | $19.86 |
| 2025-03-11 | Swider Eric | Sell | 5.0K | $19.57 |
| 2025-03-10 | Juhan Phillip | Sell | 12K | $20.08 |
| 2025-03-10 | Juhan Phillip | Sell | 9.0K | $21.00 |
| 2025-03-10 | Juhan Phillip | Sell | 300 | $21.81 |
| 2025-02-20 | Glabe Scott | Tax withheld | 39K | $27.84 |
| 2025-02-20 | Juhan Phillip | Tax withheld | 24K | $27.84 |
| 2025-02-20 | Novachki Vladimir | Tax withheld | 54K | $27.84 |
| 2025-02-20 | Nunes Devin G. | Tax withheld | 179K | $27.84 |
| 2025-01-28 | Trump Donald J. JR | Grant | 26K | — |
| 2025-01-28 | Swider Eric | Grant | 26K | — |
| 2025-01-28 | Patel Kashyap | Grant | 26K | — |
| 2025-01-28 | Lighthizer Robert | Grant | 26K | — |
| 2025-01-28 | McMahon Linda E. | Grant | 26K | — |
| 2025-01-28 | Green W. Kyle | Grant | 26K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-10 | Reg FDExhibits | filing ↗ |
| 2026-05-26 | Reg FDExhibits | filing ↗ |
| 2026-05-08 | ResultsExhibits | filing ↗ |
| 2026-04-24 | Exec/director changeOtherExhibits | filing ↗ |
| 2026-04-10 | Exec/director changeExhibits | filing ↗ |
| 2026-03-06 | Exec/director changeExhibits | filing ↗ |
| 2026-02-27 | ResultsExhibits | filing ↗ |
| 2026-02-12 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-10 | 2026-06-10 | 0001140361-26-024735 ↗ |
| 8-K | 2026-05-26 | 2026-05-26 | 0001140361-26-022854 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001140361-26-020229 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001140361-26-020117 ↗ |
| 10-K/A | 2026-04-30 | 2025-12-31 | 0001140361-26-018230 ↗ |
| 8-K | 2026-04-24 | 2026-04-21 | 0001140361-26-016743 ↗ |
| 8-K | 2026-04-10 | 2026-04-06 | 0001140361-26-014284 ↗ |
| 8-K | 2026-03-06 | 2026-03-04 | 0001140361-26-008276 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0001140361-26-007171 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001140361-26-007174 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001140361-26-005064 ↗ |
| 8-K | 2026-01-13 | 2026-01-13 | 0001140361-26-001056 ↗ |