Trump Media & Technology (DJT) Research & Development (2023 - 2026)
Trump Media & Technology (DJT) reported Research & Development of $8.4 million for Q1 2026, down 33.13% year-over-year from $12.6 million in Q1 2025, and down 5.23% quarter-over-quarter from $8.9 million in Q4 2025.
Trump Media & Technology (DJT) Research & Development (2023 - 2026) Analysis & Trends
Trump Media & Technology (DJT) has 4 years of Research & Development data on file, last reported at $8.4 million in Q1 2026.
- Research & Development for Q1 2026 came in at $8.4 million, down 33.13% year-over-year; the trailing twelve-month figure through Mar 2026 was $38.6 million (up 35.43% YoY), and the FY2025 annual result was $42.8 million, down 12.89% from the prior year.
- Research & Development slipped to $8.4 million in Q1 2026 per DJT's latest filing, from $8.9 million in the prior quarter.
- Over five years, Research & Development peaked at $33.2 million in Q1 2024 and troughed at $2.2 million in Q2 2023.
- A 4-year average of $8.5 million and a median of $7.2 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2025: Research & Development surged 1079.14% in 2024, then slumped 62.11% in 2025.
- A 4-year view of Research & Development shows it stood at $2.5 million in 2023, then soared by 187.21% to $7.2 million in 2024, then advanced by 23.3% to $8.9 million in 2025, then retreated by 5.23% to $8.4 million in 2026.
- Business Quant data shows DJT's Research & Development at $8.4 million in Q1 2026, $8.9 million in Q4 2025, and $8.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 67.40 Mn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 17.03 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 17.70 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 387.52 Mn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 207.25 Mn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 380.79 Mn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | -61.44 Bn |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 478.30 Mn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 150.00 Mn |
| 10 | Trump Media & Technology | 2.29 Bn | 2.29 Bn | 180,000.00 | 8.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.40 Mn |
| Dec 31, 2025 | 8.87 Mn |
| Sep 30, 2025 | 8.30 Mn |
| Jun 30, 2025 | 13.04 Mn |
| Mar 31, 2025 | 12.56 Mn |
| Dec 31, 2024 | 7.19 Mn |
| Sep 30, 2024 | 3.89 Mn |
| Jun 30, 2024 | 4.86 Mn |
| Mar 31, 2024 | 33.16 Mn |
| Dec 31, 2023 | 2.50 Mn |
| Sep 30, 2023 | 2.20 Mn |
| Jun 30, 2023 | 2.20 Mn |
| Mar 31, 2023 | 2.81 Mn |