DJT Communication Services

Trump Media & Technology Group Corp.

$5.95+5.12%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Communication Services
Industry: Internet Content & Information
Country: United States
Market cap: 1.7B USD
Enterprise value: 2.5B USD
Full-time employees: 31

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 4.10 vs a peer median of 0.65), less short-term liquidity (current ratio 0.96 vs a peer median of 1.38) and more debt relative to equity (0.95× vs a peer median of 0.37×)higher risk: bigger price swings (beta 4.10 vs peers 0.65), less liquidity (current ratio 0.96 vs peers 1.38) and more debt vs equity (0.95× vs peers 0.37×)

Ranks #396 of 454 communication services companies (bottom 13%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $167M vs $57M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Trump Media & Technology recorded $167M of stock-based pay expense and spent $57M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Trump Media & Technology recorded $167M of stock-based pay expense and spent $57M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Operating margin at a 4-year low. -15561% in 2025, the weakest of the last 4 years.
Trump Media & Technology's operating margin fell to -15561% in 2025, its lowest in the 4 years of filings we have.
Stock-based pay is a large cost. Stock pay was 1607% of revenue in 2025.
Trump Media & Technology paid employees $59M in stock in 2025, 1607% of its $4M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Investment surge. Capital spending 16% of revenue, up from 5.7% in 2022.
Trump Media & Technology is spending 16% of revenue on facilities and equipment, up from 5.7% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

StockQuotient Score

28/ 100

Oct 5 28 → Nov 4 28

Valuation

Is the price right?

11/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-78.9%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0294 · MAD: 0.0294

EBITDA yield-44.1%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.32Sector median: 0.0857 · MAD: 0.0649

Free cash flow yield0.5%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -1.16Sector median: 0.0740 · MAD: 0.0593

Other data (not scored)

Book yield61.9%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.4780 · MAD: 0.3375

Growth

Is it growing?

84/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 21.1%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.22Sector median: 0.0878 · MAD: 0.3126

3-year revenue growth35.8%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.31Sector median: 0.0303 · MAD: 0.0683

Revenue growth21.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.58Sector median: 0.0299 · MAD: 0.0720

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-20955.8%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -5.33Sector median: 0.0818 · MAD: 0.0789

Return on assets-64.6%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.61Sector median: 0.0272 · MAD: 0.0318

Return on invested capital-42.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -5.34Sector median: 0.0598 · MAD: 0.0706

Other data (not scored)

Gross margin33.7%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.4656 · MAD: 0.1827

Return on equity-127.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0529 · MAD: 0.1007

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta4.10

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.41Sector median: 0.6525 · MAD: 0.2880

Current ratio0.96×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.62Sector median: 1.3848 · MAD: 0.6948

Debt / equity0.95×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.74Sector median: 0.3697 · MAD: 0.3335

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Trump Media & Technology

Is Trump Media & Technology getting weaker?: Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is unchanged at 28/100 since Oct 28, 2026.
How is Trump Media & Technology valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 11/100 against 512 communication services peers. Earnings yield -78.9% vs a peer median of 2.9% (weaker than 100% of peers).Earnings yield -78.9% vs peers 2.9% (weaker than 100% of peers).
Is Trump Media & Technology growing?: Yes, faster than most of its peers. Growth scores 84/100 against 512 communication services peers. 3-year revenue growth 35.8% vs a peer median of 3.0% (stronger than 95% of peers).3-year revenue growth 35.8% vs peers 3.0% (stronger than 95% of peers).
How profitable is Trump Media & Technology?: Less profitable than most of its peers. Profitability scores 0/100 against 512 communication services peers. Operating margin -20955.8% vs a peer median of 8.2% (weaker than 100% of peers).Operating margin -20955.8% vs peers 8.2% (weaker than 100% of peers).
How risky is Trump Media & Technology?: Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Beta 4.10 vs a peer median of 0.65 (weaker than 100% of peers).Beta 4.10 vs peers 0.65 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: Trump Media & Technology is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	3.7M USD	4.5M USD	+21.1%
Net income (12 months)	−1.1B USD	−1.3B USD	+20.1%
Operating margin	-22156.0%	-20955.8%	+1200.2 pts
Free cash flow (12 months)	41.8M USD	8.5M USD	−79.7%
Debt	958.6M USD	970.3M USD	+1.2%
Cash	249.1M USD	215.5M USD	−13.5%
Shares outstanding	277.0M	277.9M	+0.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Communication Services · 67 companies

Valuations in Communication Services are within their usual range since 2016.

46% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +13% and earnings +11% (medians): earnings grew faster than prices.
Median price-to-sales is −6% vs the whole market, against a usual −7%.

2016Shaded: most expensive fifth of its range2026

Shown for Communication Services: too few Internet Content & Information companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	—	96.3%	96.0%	82.9%	54.5%	▼ 28 pts
Operating margin	—	-1580.9%	-386.5%	-5140.9%	-15560.8%	▼ >999 pts
Net margin	—	3435.8%	-1408.6%	-11077.3%	-19343.4%	▼ >999 pts
Return on assets (ROA)	-0.7%	16.8%	-1730.0%	-42.7%	-27.1%	▲ 16 pts
Return on equity (ROE)	—	—	—	-43.9%	-43.3%	▲ 0.6 pts
Free cash flow margin	—	-1651.5%	-235.7%	-1824.3%	385.2%	▲ >999 pts
Current ratio	0.45×	0.01×	0.05×	45.33×	1.23×	▼ 97%
Debt to equity	—	—	—	0.01×	0.58×	▲ >999%
Interest coverage	—	-11.40×	-0.40×	-60.21×	-20.95×	▲ 65%

DJT price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 4.10 vs a peer median of 0.65), less short-term liquidity (current ratio 0.96 vs a peer median of 1.38) and more debt relative to equity (0.95× vs a peer median of 0.37×)higher risk: bigger price swings (beta 4.10 vs peers 0.65), less liquidity (current ratio 0.96 vs peers 1.38) and more debt vs equity (0.95× vs peers 0.37×)

Ranks #396 of 454 communication services companies (bottom 13%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $167M vs $57M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years Trump Media & Technology recorded $167M of stock-based pay expense and spent $57M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Trump Media & Technology recorded $167M of stock-based pay expense and spent $57M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Operating margin at a 4-year low. -15561% in 2025, the weakest of the last 4 years.

Trump Media & Technology's operating margin fell to -15561% in 2025, its lowest in the 4 years of filings we have.

Stock-based pay is a large cost. Stock pay was 1607% of revenue in 2025.

Trump Media & Technology paid employees $59M in stock in 2025, 1607% of its $4M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Investment surge. Capital spending 16% of revenue, up from 5.7% in 2022.

Trump Media & Technology is spending 16% of revenue on facilities and equipment, up from 5.7% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Questions investors ask about Trump Media & Technology

Is Trump Media & Technology getting weaker?

Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is unchanged at 28/100 since Oct 28, 2026.

How is Trump Media & Technology valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 11/100 against 512 communication services peers. Earnings yield -78.9% vs a peer median of 2.9% (weaker than 100% of peers).Earnings yield -78.9% vs peers 2.9% (weaker than 100% of peers).

Is Trump Media & Technology growing?

Yes, faster than most of its peers. Growth scores 84/100 against 512 communication services peers. 3-year revenue growth 35.8% vs a peer median of 3.0% (stronger than 95% of peers).3-year revenue growth 35.8% vs peers 3.0% (stronger than 95% of peers).

How profitable is Trump Media & Technology?

Less profitable than most of its peers. Profitability scores 0/100 against 512 communication services peers. Operating margin -20955.8% vs a peer median of 8.2% (weaker than 100% of peers).Operating margin -20955.8% vs peers 8.2% (weaker than 100% of peers).

How risky is Trump Media & Technology?

Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Beta 4.10 vs a peer median of 0.65 (weaker than 100% of peers).Beta 4.10 vs peers 0.65 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

3.7M USD

4.5M USD

+21.1%

Net income (12 months)

−1.1B USD

−1.3B USD

+20.1%

Operating margin

-22156.0%

-20955.8%

+1200.2 pts

Free cash flow (12 months)

41.8M USD

8.5M USD

−79.7%

Debt

958.6M USD

970.3M USD

+1.2%

Cash

249.1M USD

215.5M USD

−13.5%

Shares outstanding

277.0M

277.9M

+0.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

—

96.3%

96.0%

82.9%

54.5%

▼ 28 pts

Operating margin

—

-1580.9%

-386.5%

-5140.9%

-15560.8%

▼ >999 pts

Net margin

—

3435.8%

-1408.6%

-11077.3%

-19343.4%

▼ >999 pts

Return on assets (ROA)

-0.7%

16.8%

-1730.0%

-42.7%

-27.1%

▲ 16 pts

Return on equity (ROE)

—

-43.9%

-43.3%

▲ 0.6 pts

Free cash flow margin

—

-1651.5%

-235.7%

-1824.3%

385.2%

▲ >999 pts

Current ratio

0.45×

0.01×

0.05×

45.33×

1.23×

▼ 97%

Debt to equity

—

0.01×

0.58×

▲ >999%

Interest coverage

—

-11.40×

-0.40×

-60.21×

-20.95×

▲ 65%