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
DJT$4.28+5.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||||
|---|---|---|---|---|
| (in thousands) · September 30, 2025 · September 30, 2024 | ||||
| Cash flows from operating activities | ||||
| Net loss | $(106,577.0) | $(363,216.1) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Non-cash interest expense on debt | 15,396.0 | 2,780.1 | ||
| Change in fair value of derivative liability | - | 225,916.0 | ||
| Depreciation and amortization | 5,516.8 | 771.5 | ||
| Loss on extinguishment of debt | - | 542.3 | ||
| Stock based compensation | 46,086.5 | 84,633.7 | ||
| Change in fair value of digital assets | 16,204.6 | - | ||
| Net unrealized loss on investments | 10,845.6 | - | ||
| Operating lease amortization | 677.1 | 201.2 | ||
| Deferred taxes | 394.9 | - | ||
| Change in operating assets and liabilities | ||||
| Other current assets | (7,640.2) | (3,751.4) | ||
| Accounts receivable | (281.4) | 66.1 | ||
| Unearned revenue | (986.9) | (2,453.5) | ||
| Operating lease liabilities | (662.1) | (168.6) | ||
| Accounts payable and accrued expenses | 23,664.9 | 2,038.7 | ||
| Net cash provided by/(used in) operating activities | 2,638.8 | (52,640.0) | ||
| Cash flows used in investing activities | ||||
| Purchases of property and equipment | (569.7) | (5,031.2) | ||
| Purchase of intangible assets | - | (7,000.0) | ||
| Purchases of digital assets | (1,436,000.0) | - | ||
| Purchases of short-term investments | (18,874.4) | (300,742.5) | ||
| Proceeds from sales of short-term investments | 75,000.0 | - | ||
| Purchases of trading securities | (592,756.4) | - | ||
| Sales of trading securities | 92.3 | - | ||
| Net cash used in investing activities | (1,973,108.2) | (312,773.7) | ||
| Cash flows provided by financing activities | ||||
| Proceeds of convertible notes | 960,000.0 | 47,455.0 | ||
| Repayment of long-term debt | (4,629.6) | - | ||
| Proceeds from merger | - | 233,017.5 | ||
| Proceeds from PIPE | 1,395,318.3 | - | ||
| Payments of debt and equity offering costs | (34,399.3) | - | ||
| Repurchases of common stock | (14,662.8) | (2,908.7) | ||
| Proceeds from SEPA, net | - | 339,463.1 | ||
| Proceeds from the exercise of warrants, net | 268.2 | 117,949.8 | ||
| Contribution for non-controlling interest | 250.0 | - | ||
| Net cash provided by financing activities | 2,302,144.8 | 734,976.7 | ||
| Net change in cash, cash equivalents, and restricted cash | 331,675.4 | 369,563.0 | ||
| Cash, cash equivalents, and restricted cash, beginning of period | 170,236.1 | 2,572.7 | ||
| Cash, cash equivalents, and restricted cash, end of period | $501,911.5 | $372,135.7 | ||
| Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | ||||
| Cash and cash equivalents | 166,072.7 | 372,135.7 | ||
| Restricted cash | 335,838.8 | - | ||
| Total cash, cash equivalents, and restricted cash, end of period | $501,911.5 | $372,135.7 | ||
| Supplemental disclosure of cash flow information | ||||
| Cash paid for interest | $370.4 | $126.4 | ||
| Cash paid for taxes | $895.7 | $1,897.7 | ||
| Noncash investing and financing activities | ||||
| Shares issued for conversion of convertible notes | $ | - | $350,426.0 | |
| Operating lease assets obtained in exchange for operating lease obligations | $ | - | $2,703.0 | |
| Common stock issued for business combination | $ | - | $132,171.0 | |
| Common stock issued for digital assets | $46,894.2 | $ | - | |
| Debt and equity offering costs | $41,328.4 | $10,107.5 | ||
| Digital assets exchanged for other digital assets | $17,055.1 | $ | - | |
(Amounts in thousands, except share, per share, and quantity data)
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