Trump Media & Technology Q1 2025 Financial Report

By Tamara Parker • Sunday, May 11 15:23 • Permanent Link

Trump Media & Technology Group Corp. (TMTG) reported its financial results for the first quarter of 2025, ending with $758,981.6 in cash, cash equivalents, and short-term investments, and $9,803.5 in debt (excluding lease liabilities) from a transaction with WorldConnect Technologies, LLC.

TMTG's flagship platform, Truth Social, was launched in the first quarter of 2022, aiming to provide a haven for free speech. The platform was made available for iOS in April 2022, on the web in May 2022, and for Android in October 2022. Additional features, such as direct messaging, "Groups," and international availability, were introduced in 2022 and 2023. In March 2025, updates and enhancements were announced, including the integration of the Truth Social platform with the Truth+ streaming service.

Truth+, TMTG's TV streaming service, completed its research and development phase in April 2024 and has since been rolled out in three phases, including the release of standalone streaming apps for various devices. The service has also expanded into Canada and Mexico and is exploring monetization through advertising and premium content subscriptions.

TMTG's newest brand, Truth.Fi, incorporates financial services and technology. The company announced a financial technology strategy in January 2025, including an investment of up to $250 million to be custodied by Charles Schwab. Additionally, TMTG and its partners launched separately managed accounts (SMAs) and announced an agreement to launch a series of ETFs, expected to comprise digital assets and securities.

In terms of financial performance, TMTG reported a 7% increase in revenue, reaching $821.2 for the first quarter of 2025 compared to $770.5 for the same period in 2024. The cost of revenue increased by 260% to $336.7, primarily due to content license and data center lease costs supporting the Truth+ platform. Research and development expenses decreased by 62% to $12,564.9, driven by lower stock-based compensation expenses. Sales and marketing expenses decreased by 54% to $497.4, and general and administration expenses decreased by 61% to $25,178.0, primarily due to lower stock-based compensation awards.

The market has reacted to these announcements by moving the company's shares 3.88% to a price of $25.14. Check out the company's full 10-Q submission here.

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