Trump Media & Technology Group (DJT) Q4 2025 earnings summary

Executive summary

• Financial assets reached $2.5 billion at year-end 2025, more than tripling from 2024 levels.

• Achieved positive operating cash flow of $14.8 million for 2025, reversing a $61.0 million outflow in 2024.

• Generated $44 million in cash proceeds from a bitcoin treasury covered-put options strategy.

• Focused on expansion of social, streaming, and fintech platforms, and continued integration of cryptocurrency strategy.

Financial highlights

• Reported consolidated net loss of $712.3 million for 2025, primarily due to unrealized losses from digital asset price declines.

• Non-cash losses included $403.2 million from digital assets and $178.8 million from digital asset-related securities.

• Adjusted EBITDA loss was $664.4 million for the year.

• Total revenue for 2025 was $3.7 million.

• Non-cash expenses included $59.2 million in stock-based compensation and $27.0 million in interest expense.

Outlook and guidance

• Management expects continued momentum in 2026, leveraging a strong balance sheet for further expansion and product launches.