Overview
- Trump Media & Technology Group reported a Q1 2025 net loss of $31.7 million, a significant improvement from $327.6 million in the same quarter last year.
- Net sales for the quarter rose 6.6% year-over-year to $821,200, reflecting modest revenue growth.
- The company ended the quarter with $759 million in cash and equivalents, maintaining a low operating cash outflow of $9.7 million.
- TMTG is actively pursuing mergers and acquisitions as part of its strategy to diversify into financial services and fintech sectors.
- Despite progress, the company disclosed material weaknesses in its financial reporting controls and incurred $10.9 million in legal costs tied to its SPAC merger and reincorporation.