Trump Media & Technology Group posted record revenues in Q3, but its core business remains unprofitable with an operating loss exceeding $23.5 million. The reported positive operating income was mainly due to a $378 million gain from cryptocurrency, masking the underlying losses. The company burned $15 million in cash during the quarter, and its stock trades at a very high price-to-sales ratio of about 95 times, far above industry peers. After a 55% drop in share price, the market capitalization is now close to the value of its net cash and investments, highlighting investor concerns about profitability and valuation.
Trump Media's stock on Pluang trades at USD 4.10 as of Nov 10, 2026 19:13 WIB, just above its 52-week low of USD 3.99 and far below its 52-week high of USD 16.09. Despite a recent 0.99% gain in one day, the share price remains significantly down from its peak, reflecting ongoing market caution. The market capitalization stands at $1.13 billion, close to the value of its net cash and investments as noted in the news.
