Trump Media & Technology Group Corp. (DJT) Cash Flow Statement
Where DJT’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $14.8M
- Capital expenditures
- $573,500 15.6% of revenue
- Free cash flow
- $14.2M 385.2% margin
- Returned to shareholders
- $53.6M 378% of free cash flow
- Change in cash
- −$4.3M cash at year-end $165.9M
Drawn to scale: where the cash came from and how it was used. Hover for values.
DJT operating cash flow, capex and free cash flow
DJT cash flow trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$3.8M2021 | $14.8M2025 | — | |
| Capital expenditures | $68,6002021 | $573,5002025 | +70.0%/yr | |
| Free cash flow | −$3.9M2021 | $14.2M2025 | — | |
| Free cash flow margin | −1,651.5%2022 | 385.2%2025 | +2,036.7 pts | |
| Stock-based compensation | $02022 | $59.2M2025 | — | |
| Share buybacks (net) | $02021 | $53.6M2025 | — | |
| Capex / revenue | 5.7%2022 | 15.6%2025 | +9.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DJT cash flow by activity
DJT net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
DJT cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$712.3M | −$400.9M | −$58.2M | $50.5M | −$59.1M |
| Depreciation & amortization | $8.3M | $3.4M | $214,200 | $145,900 | $6,500 |
| Stock-based compensation | $59.2M | $107.4M | $0 | $0 | — |
| Change in working capital | $6.5M | −$279,400 | $6.0M | −$1.1M | $452,400 |
| Other non-cash items | $653.0M | $229.4M | $42.2M | −$73.8M | $54.8M |
| Cash from operating activities | $14.8M | −$61.0M | −$9.7M | −$24.2M | −$3.8M |
| Investing activities | |||||
| Capital expenditures | −$573,500 | −$12.0M | −$2,200 | −$84,500 | −$68,600 |
| Investments (net) | −$2.27B | −$618.6M | $723,441 | −$2.8M | −$293.2M |
| Acquisitions & other investing | $0 | $12.0M | −$723,441 | $2.8M | $293.2M |
| Cash from investing activities | −$2.27B | −$618.6M | −$2,200 | −$84,500 | −$68,600 |
| Financing activities | |||||
| Share repurchases & issuance (net) | −$53.6M | −$2.9M | −$307,028 | −$58,916 | $7.2M |
| Net borrowing (repayment) | $905.7M | $47.5M | $2.5M | $3.5M | $22.6M |
| Shares issued | $1.40B | $449.9M | $0 | $11.3M | $298.9M |
| Other financing | $729,200 | $352.8M | $307,028 | $583,376 | −$306.1M |
| Cash from financing activities | $2.25B | $847.2M | $2.5M | $15.4M | $22.6M |
| Summary | |||||
| Net change in cash | −$4.3M | $167.7M | $2.6M | −$8.9M | $18.7M |
| Cash at end of period | $165.9M | $170.2M | $2.6M | $9.8M | $18.7M |
| Free cash flow | $14.2M | −$73.0M | −$9.7M | −$24.3M | −$3.9M |
| Free cash flow margin | 385.2% | −2,017.7% | −235.7% | −1,651.5% | — |
| Capex / revenue | 15.6% | 332.5% | 0.1% | 5.7% | — |
| Operating cash flow / net income | — | — | — | −0.48 | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$238.1M | −$405.8M | −$605.8M | −$54.8M | −$20.0M | −$31.7M | −$37.6M | −$19.2M | −$16.4M | −$327.6M | −$9.2M | −$26.0M |
| Depreciation & amortization | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.0M | $2.4M | $874,400 | $53,100 | $45,200 | $162,100 | $14,700 |
| Stock-based compensation | $8.1M | $11.8M | $13.1M | $10.5M | $17.7M | $17.9M | $22.8M | $45,700 | $0 | $84.6M | — | — |
| Change in working capital | −$2.2M | $32.0M | −$7.6M | $10.6M | $1.6M | $1.9M | $4.0M | −$3.7M | −$5.0M | $4.4M | $5.9M | −$82,000 |
| Other non-cash items | $198.5M | $377.8M | $610.2M | $41.7M | $888,900 | $186,800 | $183,200 | $120,300 | −$157,800 | $229.3M | $3.9M | $23.0M |
| Cash from operating activities | −$31.6M | $17.9M | $12.1M | $10.1M | $2.3M | −$9.7M | −$8.3M | −$21.9M | −$21.4M | −$9.3M | $733,700 | −$3.1M |
| Investing activities | ||||||||||||
| Capital expenditures | −$3,100 | −$7,300 | −$3,800 | −$14,000 | −$552,500 | −$3,200 | −$2,600 | −$9.9M | −$2.1M | $0 | $0 | −$2,200 |
| Investments (net) | −$1.8M | $95.7M | −$294.2M | −$1.84B | −$125.7M | −$6.3M | −$305.8M | −$310.6M | −$2.1M | $0 | $0 | $0 |
| Acquisitions & other investing | $0 | $0 | $0 | $14,000 | $802,500 | $3,200 | $2,600 | $9.9M | $2.1M | — | $3 | $0 |
| Cash from investing activities | −$1.8M | $95.7M | −$294.2M | −$1.84B | −$125.5M | −$6.3M | −$305.8M | −$310.6M | −$2.1M | — | $3 | −$2,200 |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | $0 | $0 | −$38.9M | −$6.4M | $0 | −$8.3M | $0 | −$2.9M | $0 | $307,025 | −$3 | −$307,025 |
| Net borrowing (repayment) | — | — | −$15.2M | −$4.6M | $925.6M | $0 | $0 | $0 | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $110.4M | $339.5M | $0 | $0 | $0 | $0 |
| Other financing | −$113.7M | $113.8M | $211,000 | $30,100 | $1.40B | $189,400 | $1.8M | $24.1M | $93.8M | $280.2M | $542,027 | $2.8M |
| Cash from financing activities | −$113.7M | $113.8M | −$54.0M | −$11.0M | $2.32B | −$8.1M | $112.3M | $360.7M | $93.8M | $280.5M | $542,024 | $2.5M |
| Summary | ||||||||||||
| Net change in cash | −$33.4M | $113.7M | −$336.0M | −$1.84B | $2.20B | −$24.1M | −$201.9M | $28.2M | $70.2M | $271.2M | −$712,887 | $3.2M |
| Cash at end of period | $246.2M | $279.6M | $165.9M | $501.9M | $2.34B | $146.1M | $170.2M | $372.1M | $344.0M | $273.7M | $2.6M | $3.3M |
| Free cash flow | −$31.6M | $17.9M | $12.1M | $10.1M | $1.8M | −$9.7M | −$8.3M | −$31.8M | −$23.6M | −$9.3M | $733,700 | −$3.1M |
| Free cash flow margin | −1,890.8% | 2,052.7% | 1,205.3% | 1,034.0% | 198.2% | −1,186.2% | −834.1% | −3,143.2% | −2,817.6% | −1,209.1% | 97.6% | −289.0% |
| Capex / revenue | 0.2% | 0.8% | 0.4% | 1.4% | 62.5% | 0.4% | 0.3% | 978.3% | 255.9% | 0.0% | 0.0% | 0.2% |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
DJT cash generation
In fiscal 2025 (ended December 31, 2025), Trump Media & Technology generated $14.8 million of cash from operations and spent $0.6 million on capital expenditures, leaving free cash flow of $14.2 million, 385.2% of revenue. It returned $53.6 million to shareholders through dividends ($0) and net share buybacks ($53.6 million). Cash and equivalents fell by $4.3 million over the year.
Related: DJT income statement, DJT balance sheet. See the DJT stock overview for the latest quote and news.
DJT cash flow FAQ
What is Trump Media & Technology's free cash flow?
Trump Media & Technology's free cash flow was $14.2 million in fiscal 2025: $14.8 million of operating cash flow minus $0.6 million of capital expenditures It was -$73.0 million a year earlier..
How much cash does Trump Media & Technology generate from operations?
Trump Media & Technology generated $14.8 million of cash from operating activities in fiscal 2025.
How much does Trump Media & Technology spend on capital expenditures?
Trump Media & Technology spent $0.6 million on capital expenditures in fiscal 2025, 15.6% of revenue, compared with $12.0 million the year before.
How much stock does Trump Media & Technology buy back?
Trump Media & Technology spent $53.6 million on net share repurchases in fiscal 2025.