Filing Flows

Filing Flows › Companies › Trump Media & Technology Group › Cash flow

Trump Media & Technology Group cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$31.6M in Q2 2026 · $8.5M over twelve months

Operating cash flow−$31.6M
Capital spending−$3K
Free cash flow−$31.6M
Cash conversion cycle-564 days

Analysis

In Q2 2026, Trump Media & Technology Group generated −$31.6M of operating cash flow and spent $3K on capital projects, leaving free cash flow of −$31.6M. That is $33.3M less than in Q2 2025 ($1.8M).

Over the twelve months to Jun 30, 2026, operating cash flow was $8.5M; the largest uses were other investing ($2.0B), shares issued ($1.4B), buybacks ($45.4M); besides operations, cash came from other financing ($1.4B), partners ($179K); the cash balance fell by $2.1B.

Operating cash flow was −$31.6M against net income of −$238M. The largest differences: gains on investments +$71.8M, stock-based pay +$8.1M, prepaid and other assets −$2.7M.

Its cash conversion cycle was -564 days (receivables 15 + inventory 0 − payables 579): suppliers fund its working capital.

Free cash flow

Trump Media & Technology Group: free cash flow by quarterTrump Media & Technology Group: free cash flow by quarter−$24.8MQ3 2024−$8.3MQ4 2024−$9.7MQ1 2025$1.8MQ2 2025$10.1MQ3 2025$12.1MQ4 2025$17.9MQ1 2026−$31.6MQ2 2026
Operating cash flow less capital spending.
Trump Media & Technology Group: operating cash flow against capital spendingTrump Media & Technology Group: operating cash flow against capital spendingOperating cash flowCapital spending−$21.9M$2.9MQ3 2024−$8.3M$3KQ4 2024−$9.7M$3KQ1 2025$2.3M$552KQ2 2025$10.1M$14KQ3 2025$12.1M$4KQ4 2025$17.9M$7KQ1 2026−$31.6M$3KQ2 2026
Latest (Q2 2026): Operating cash flow −$31.6M, Capital spending $3K.

Capital allocation, year by year

Trump Media & Technology Group: where the cash came from (up) and went (down), by fiscal yearTrump Media & Technology Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksFY2021: Operating cash flow −$1.1MFY2021: Net borrowing $224KFY2021: Shares issued $25K$249KFY2021FY2022: Operating cash flow −$24.2MFY2022: Net borrowing $16.0MFY2022: Capital spending −$84K$16.0MFY2022FY2023: Operating cash flow −$9.7MFY2023: Net borrowing $2.0MFY2023: Capital spending −$2K$2.0MFY2023FY2024: Operating cash flow −$61.0MFY2024: Net borrowing $47.5MFY2024: Shares issued $450MFY2024: Capital spending −$5.0MFY2024: Buybacks −$2.9M$497MFY2024FY2025: Operating cash flow $14.8MFY2025: Net borrowing $960MFY2025: Capital spending −$574KFY2025: Buybacks −$53.6M$975MFY2025
Over these 5 years operating cash flow totalled −$81.3M; the largest uses were operating cash flow ($96.1M) and buybacks ($56.5M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$423M
Debt$970M
Net debt$547M
Due within a year$970M

Trump Media & Technology Group funds itself: free cash flow was $8.5M over the last twelve months, and $423M of cash and investments stands against $970M of debt ($970M due within a year, 0.4× covered by cash).

Where the cash came from and went

Trump Media & Technology Group: sources (+) and uses (−) of cash, Q2 2026Trump Media & Technology Group: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$33.4MOperating cash flow−$31.6MOther investing−$1.8MCapital spending−$3K
Trump Media & Technology Group: sources (+) and uses (−) of cash, TTM to Q2 2026Trump Media & Technology Group: sources (+) and uses (−) of cash, TTM to Q2 2026Cash drawn (+) / kept (−)$2.1BOther investing−$2.0BShares issued−$1.4BOther financing$1.4BBuybacks−$45.4MOperating cash flow$8.5MPartners$179KCapital spending−$28K

From profit to cash

Trump Media & Technology Group: net income to operating cash flow, Q2 2026Trump Media & Technology Group: net income to operating cash flow, Q2 2026Net income−$238MDepreciation & amortization$1.9MStock-based pay$8.1MGains on investments$71.8MReceivables−$114KPayables$1.6MDeferred revenue−$666KPrepaid and other assets−$2.7MOperating cash flow−$31.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202615—579-564
Q1 202624—258-234
Q4 202525—968-943
Q3 202529—1326-1296
Q2 202518—944-926
Q1 20253—457-454
Q4 20241—374-373
Q3 20241—1285-1283

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$31.6M−$3K———$33.4M−$31.6M
Q1 2026$17.9M−$7K———−$114M$17.9M
Q4 2025$12.1M−$4K−$38.9M——$336M$12.1M
Q3 2025$10.1M−$14K−$6.4M—−$1.4B$1.8B$10.1M
Q2 2025$2.3M−$552K—$960M—−$2.2B$1.8M
Q1 2025−$9.7M−$3K−$8.3M——$24.1M−$9.7M
Q4 2024−$8.3M−$3K——$110M$202M−$8.3M
Q3 2024−$21.9M−$2.9M−$2.9M——−$28.2M−$24.8M

Trump Media & Technology Group: income statement and cash flow

Trump Media & Technology Group, Q2 2026: revenue $1.7M (+89% year over year). The chart follows the revenue to costs, profit and cash.

Trump Media & Technology Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.