Company: DJTWW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001140361-25-040977
Chunk: 217

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 217
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 the assets were placed into service.

Interest income

Interest income increased $8,731.4, or 188%, to $13,384.4 for the three months ended September 30, 2025 compared to $4,653.0 for the three months ended September 30, 2024. The
      increase was driven by higher cash, cash equivalents, restricted cash, and short-term investment balances.

Interest expense

Interest expense increased $11,227.7, or 4,551%, to $11,474.4 for the three months ended September 30, 2025 compared to $246.7 for the three months ended September 30, 2024. The
      increase was primarily due to the accreted interest on the loan assumed as a result of the WCT acquisition and our $1,000,000.0 convertible notes facility issued in May 2025.

Investment income

Investment income increased $984.5, or 100%, for the three months ended September 30, 2025 compared to $0.0 for the three months ended September 30, 2024. The increase was primarily
      due to $15,333.9 of realized income from premiums related to written option contracts, offset by $11,418.0 of unrealized losses on our trading securities and $2,933.9 of unrealized losses due to the change in fair value of our unexpired option
      contracts.

      32

Comparison of the nine months ended September 30, 2025 and 2024

The following table sets forth our consolidated financial results for the periods presented and the dollar and percentage changes between those periods. The period-to-period
      comparison of financial results is not necessarily indicative of future results.

            (in thousands)

            For the nine months ended
            September 30,
            2025

            For the nine months ended
            September 30,
            2024

            Variance,
            $

            Variance,
            %

            Revenue

            $

            2,677.4

            $

            2,618.3

            59.1

            2

            %

            Cost of revenue

            1,126.4

            252.9

            873.5

            345

            %

            Research and development

            33,908.1

            41,913.9

            (8,005.8