Trump Media & Technology Group Corp.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
| (in thousands, except share and per share data) | September 30, 2025 (Unaudited) (1) | December 31, 2024 (Audited) |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $166,072.7 | $170,236.1 |
| Restricted cash | 335,838.8 | - |
| Short-term investments | 550,421.7 | 606,547.3 |
| Trading securities | 587,505.1 | - |
| Prepaid expenses and other current assets | 10,035.1 | 7,457.3 |
| Accounts receivable, net | 298.8 | 17.4 |
| Total current assets | 1,650,172.2 | 784,258.1 |
| Property and equipment, net | 3,557.7 | 4,366.0 |
| Goodwill | 120,884.2 | 120,884.2 |
| Digital assets | 1,466,689.0 | - |
| Intangible assets, net | 21,224.4 | 25,363.1 |
| Right-of-use assets, net | 2,739.0 | 3,416.1 |
| Total assets | 3,265,266.5 | 938,287.5 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses | 32,741.1 | 10,167.5 |
| Related party payables | 262.0 | 262.0 |
| Unearned revenue | 23.8 | 1,010.7 |
| Current portion of long-term debt | 4,689.4 | 4,780.5 |
| Current portion of operating lease liability | 858.5 | 1,080.8 |
| Total current liabilities | 38,574.8 | 17,301.5 |
| Convertible notes | 945,645.5 | - |
| Long-term operating lease liability | 1,933.0 | 2,559.7 |
| Long-term debt – other | 434.2 | 4,836.2 |
| Deferred tax liability | 394.9 | - |
| Total liabilities | 986,982.4 | 24,697.4 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ Equity: | ||
| Preferred Stock $0.0001 par value – 1,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2025 and December 31, 2024 | - | - |
| Common Stock $0.0001 par value – 999,000,000 shares authorized, 279,997,583 and 220,657,014 shares issued and outstanding at September 30, 2025 and December 31, 2024 | 28.1 | 22.1 |
| Paid in capital | 5,347,340.2 | 3,861,662.4 |
| Treasury stock, at cost (779,691 and 128,138 shares) | (17,571.5) | (2,908.7) |
| Accumulated deficit | (3,051,702.7) | (2,945,185.7) |
| Total stockholders’ equity | 2,278,094.1 | 913,590.1 |
| Noncontrolling interest | 190.0 | - |
| Total equity | 2,278,284.1 | 913,590.1 |
| Total liabilities and equity | $3,265,266.5 | $938,287.5 |
| (1) | Under certain provisions of Accounting Standards Codification (“ASC”) 810, Consolidations, (“ASC 810”) we are required to separately disclose on our condensed consolidated balance sheets the assets of the consolidated variable interest entity (“VIE”) that are owned by the consolidated VIE and liabilities of the consolidated VIE as to which there is no recourse against us. |
As of September 30, 2025, the total assets include $1,899.9 related to the consolidated VIE of which $1,899.9 is included in cash and cash equivalents. Total liabilities included related to the consolidated VIE were $0.0. As of December 31, 2024, we did not have a variable interest in the VIE, as a resultno assets and liabilities of the VIE are included in our condensed consolidated balance sheet. There is no recourse against us for the liabilities of the consolidated VIE.
The Notes to the Unaudited Condensed Consolidated Financial Statements are an integral part of these statements.
Condensed Consolidated Statements of Operations
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