Trump Media & Technology Group DJT
- Headquarters
- Sarasota, FL
- CEO
- Kevin McGurn
- Next results
- around Feb 26, 2027
DJT among Crypto peers
Six ratios from the latest 10-K. Each corner is the share of 25 peers the company is above, not a score.
What changed
256 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Feb 27, 2026 against Feb 14, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
2facts worth reading about the other 8 checks found nothing to note
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Receivables growing faster than revenueReceivables +1305.2% vs revenue +1.8% (+1303.4 pts)
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Critical audit matters changedNew this year: F-1 (“Description of the primary We evaluated the design and tested the operating effectiveness of certain internal controls over the digital assets process, including a control over the comparison of the Company’s records of digital assets”); Evaluation of audit evidence pertaining to the existence and control of the Company’s digital assets (“Description of the primary We evaluated the design and tested the operating effectiveness of certain internal controls over the digital assets process, including a control over the comparison of the Company’s records of digital assets”). No longer listed: Valuation of TMTG Earnout Shares
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Cash from operations $14.8M vs net income −$712.3M (FY ending Dec 31, 2025)
7 more checks with nothing to note
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Same auditor in both 10-Ks: Semple, Marchal & Cooper, LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
256 paragraphs in Risk Factors that were not in the 10-K filed Feb 14, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
Our bitcoin strategy exposes us to various risks, including risk associated with bitcoin. Bitcoin and Cronos are highly volatile assets, and fluctuations in the price of bitcoin and Cronos are likely to influence our financial results and the market price of our listed securities. Our operating results will be dependent on the price of…
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Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
The market price of TMTG common stock after the TAE Merger may be affected by factors different from those currently affecting the shares of TMTG common stock. TMTG and TAE are expected to incur substantial costs related to the TAE Merger and integration, and these costs may be greater than anticipated due to unexpected events.…
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Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
The Company may also be susceptible to cybersecurity threats through its third-party service providers. For example, our independent public accounting firm was subject to a data breach and, while there is no determination of the effect on the Company of the breach, the Company continues to evaluate such effects.
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Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
We may invest in or write options on securities, which may result in our bearing the risk of loss should the underlying security change in value during the life of the option. There are several risks associated with transactions in options on securities. For example, there are significant differences between the securities and options…
New risk paragraphs, against peers
Latest 10-K of each, Crypto companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $1.5M | $4.1M | $3.6M | $3.7M |
| Net income | $50.5M | −$58.2M | −$400.9M | −$712.1M |
| Operating cash flow | −$24.2M | −$9.7M | −$61.0M | $14.8M |
| Free cash flow | −$24.3M | −$9.7M | −$66.0M | $14.2M |
Revenue, FY2022 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$3.7M ▲ 1.8% in FY2025−$712.1M in FY2025$14.2M in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
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8-KNov 9, 2026Quarterly results 8-K item 2.02
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10-QNov 9, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
Trump Media & Technology Group, Sarasota, FL · from the 10-K filed Feb 27, 2026
As further detailed in this Annual Report, TMTG ended 2025 with approximately $2,473.2 million of cash, cash equivalents, restricted cash, short-term investments, equity securities, convertible note receivable, interest receivable, digital assets, and digital assets pledged, as well as approximately $947.1 million of debt (excluding lease liabilities). Our $31.3 million of restricted cash serves as collateral to our debt, which may be used to purchase bitcoin and bitcoin related securities, and our unexpired cash-covered put options.
- Headquarters
- Sarasota, FL
- Country
- United States
- Reports in
- USD
- Listed on
- Nasdaq
- Fiscal year ends
- December 31
- Last results
- Nov 9, 2026
- Incorporated in
- FL
Email alerts
Sources
The 10-K filed Feb 27, 2026 (open at SEC), compared with the 10-K filed Feb 14, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/DJT/export.csv") into a cell.