DJT
Trump Media & Technology Group Corp.Communication Services·Internet Content & Information
$9.31
$2.6B market cap
Revenue
$1.9M
Free Cash Flow
$25.7M
Rev Growth
+0.0%
FCF Margin
1370.8%
P/FCF
100.2x
EV/FCF
119.9x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Trump Media & Technology Group Corp. develops a social media platform known as Truth Social that offers social networking services in the United States. The company was founded in 2021 and is based in Sarasota, Florida.
2-Year Price History
$7.95-82.2%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.9 | -47.4 | -49.5 | -405.8 | 17.9 | 17.9 | -0.0 | 456.4 | 961.3 | 276.7 | -18.1% | -4.1x | -- |
| Act | 2025-Q4 | 1.0 | -591.9 | -45.3 | -605.5 | 12.1 | 7.8 | -0.0 | 1,193 | 951.4 | 276.7 | -12.2% | -51.1x | -- |
Valuation & Metrics
Market Stats
Price$9.31
Market Cap$2.6B
Enterprise Value$3.1B
P/S Ratio1374.1x
P/FCF100.2x
EV/FCF119.9x
FCF Margin (TTM)1370.8%
FCF Yield1.0%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$1.9M
Net Income$-1.0B
Free Cash Flow$25.7M
Revenue Growth (YoY)+0.0%
EBITDA Margin-34070.2%
Net Margin-53898.8%
FCF Margin1370.8%
CapEx % of Revenue0.6%
SBC % of Revenue698.4%
ROIC-15.1%
WC Change % Rev-414.4%
Interest Coverage-27.7x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares12.1M
Days to Cover3.2
Change (vs Prior)-16.9%
Need at least 2 settlement dates for chart
Employees
Headcount29
Revenue / Employee$64,703
Gross Profit / Employee$-70,338
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
10.1%(+2.3% YoY)
310 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
13.2%(-1.3% YoY)
10 filers
Vanguard, iShares, SPDR
Market makers
0.7%(+0.5% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $76.5M | $18.63 | +$821K | +$40.4M | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $69.9M | $9.28 | +$69.9M | +$69.9M | — | $4.04T |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $67.6M | $9.28 | +$67.6M | +$67.6M | — | $1.91T |
| Yorkville Advisors Global, LP | $67.5M | $17.33 | +$5.9M | +$67.5M | -72.5% | $147M |
| STATE STREET CORPPassive | $29.5M | $20.54 | +$2.0M | +$18.2M | -0.2% | $2.89T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $29.3M | $24.13 | +$676K | +$14.4M | +2.3% | $1.61T |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $22.2M | $16.74 | +$8.9M | +$15.0M | +0.7% | $645.81B |
| UBS Group AG | $13.4M | $21.16 | +$6.8M | +$7.4M | -0.3% | $562.11B |
| Clear Street Group Inc. | $10.1M | $13.24 | −$1.9M | +$10.1M | -7.5% | $17.82B |
| VANGUARD FIDUCIARY TRUST COPassive | $9.4M | $9.28 | +$9.4M | +$9.4M | — | $395.83B |
| SUSQUEHANNA INTERNATIONAL GROUP, LLPMM | $8.8M | $19.61 | −$6.5M | +$8.8M | -0.6% | $77.14B |
| Quinn Opportunity Partners LLC | $8.1M | $13.19 | +$93K | +$8.1M | -0.8% | $1.89B |
| CANTOR FITZGERALD, L. P. | $7.7M | $18.03 | −$3.0M | +$7.2M | -3.0% | $2.75B |
| NORTHERN TRUST CORPPassive | $7.7M | $21.34 | +$419K | +$3.9M | -0.2% | $755.34B |
| Anson Funds Management LP | $6.6M | $15.44 | +$2.0M | +$6.6M | -2.0% | $758M |
| MORGAN STANLEY | $5.6M | $26.06 | −$1.3M | +$1.2M | -0.3% | $1.65T |
| AQR CAPITAL MANAGEMENT LLC | $4.8M | $10.49 | +$4.1M | +$4.4M | -0.2% | $218.19B |
| Susquehanna Portfolio Strategies, LLCMM | $4.6M | $13.24 | −$738K | +$4.6M | +0.1% | $6.68B |
| Hancock Prospecting Pty Ltd | $4.0M | $22.96 | +$0 | +$2.6M | +12.1% | $3.33B |
| Bank of New York Mellon Corp | $3.9M | $23.15 | +$13K | +$1.7M | -0.2% | $543.21B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-20.26%
avg per quarter
Holders (ex-self)
-22.43%
excl. this stock
Buyers (this Q)
+0.15%
76 buyers · $0.17B in
Sellers (this Q)
-1.52%
73 sellers · $0.07B out
alpha coverage: 72% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+5.0%
how holders react when this stock falls
On quiet Qs
-6.9%
−10% to +10% baseline
On rallies (+10%+)
-15.9%
how they react when this stock rises
Holders' portfolio flow this Q
+7.0%
inflows — adds are organic
Sellers' portfolio flow this Q
+1.4%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-0.6%
Holder mid (any stock)
-17.4%
Holder rally (any stock)
-9.3%
Biggest decreases this quarter
SUSQUEHANNA INTERNATIONAL GROUP, LLP−$6.5Mα-0.6Creek Drive Management Group LLCexited−$3.3MParallax Volatility Advisers, L.P.exited−$3.0MCANTOR FITZGERALD, L. P.−$3.0Mα-3.0Arosa Capital Management LPexited−$2.4MIMC-Chicago, LLCexited−$2.2MWalleye Trading LLCexited−$2.1MClear Street Group Inc.−$1.9Mα-7.5Man Group plcexited−$1.4MMORGAN STANLEY−$1.3Mα-0.3
New buyers this quarter
Top-5 holders · 58.6%
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
VANGUARD PORTFOLIO MANAGEMENT LLC--
Yorkville Advisors Global, LP--
STATE STREET CORP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Yorkville Advisors Global, LP7.3MUBS Group AG1.4MCANTOR FITZGERALD, L. P.831KAlpine Global Management, LLC295KCITADEL ADVISORS LLC244KCHARLES SCHWAB INVESTMENT MANAGEMENT INC2.4MPentwater Capital Management LP—Hudson Bay Capital Management LP—NOMURA HOLDINGS INC—Melqart Asset Management (UK) Ltd—
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$10K
1 txn · 1 insider · 1,000 sh
Sells ($, 12mo)
$325K
3 txns · 1 insider · 18,700 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-11-18 | BUY | Glabe Scott | officer: General Counsel and Secretary | 1,000 | $10.46 | $10K | $3.41M |
| 2025-11-17 | SELL | Swider Eric | director | 5,200 | $10.59 | $55K | $200K |
| 2025-08-29 | SELL | Swider Eric | director | 5,000 | $17.61 | $88K | $423K |
| 2025-06-10 | SELL | Swider Eric | director | 8,500 | $21.41 | $182K | $374K |
Order Flow (FINRA, ~3w lag)
41.8%retail-0.3pp
10.3%dark+0.5pp
week of 2026-04-27
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Trump Media & Technology Group: A High-Burn Crypto Treasury Masking Categorical Operational Failure
Overall Risk
9/10
Fraud
7/10
Dilution
10/10
Insolvency
6/10
Earnings Overstated
3/10
Hidden Liabilities
8/10
Legal
9/10
Audit Warnings
5/10
Hidden Upside
4/10
Contextually Acceptable
2/10