Feb. 1, 2026, 7:52 p.m.
Democratic Senate candidates finished 2025 off in dominant fundraising fashion, according to quarterly campaign finance reports filed on Saturday.
Democrats led the money race in eight of Hotline’s 10 Senate seats most likely to flip between October and December, continuing to outraise GOP candidates on average by roughly 3 to 1. Democrats held the most cash on hand in six of the 10 seats, but spent three times more than Republicans on average.
Sen. Jon Ossoff of Georgia was a fundraising juggernaut last year, raising $9.9 million last quarter and entering the new year with a colossal $25.6 million war chest. Former Sen. Sherrod Brown of Ohio and former North Carolina Gov. Roy Cooper followed, raising $7.3 million and $7.1 million, respectively. Republican Sen. Jon Husted of Ohio raised $1.5 million during the same period.
Six Republican senators, including Husted, were outraised by challengers during the fourth quarter. Oyster farmer Graham Platner and Maine Gov. Janet Mills—who raised $4.6 million and $2.7 million, respectively—outpaced GOP Sen. Susan Collins’ $2.2 million raised. In South Carolina, Democratic pediatrician Annie Andrews outpaced Republican Sen. Lindsey Graham, $1.5 million to $874,000. In Mississippi, Democratic District Attorney Scott Colom slightly outraised Republican Sen. Cindy Hyde-Smith, $427,000 to $425,000.
Sen. Dan Sullivan of Alaska raised $1.4 million last quarter, but former Democratic Rep. Mary Peltola announced she raised $1.5 million in the first 24 hours of her Senate bid on Jan. 12, foretelling what her first Senate campaign quarterly report could look like when filed in April.
Vulnerable GOP incumbents in competitive primaries weren’t spared, either. In Texas, Sen. John Cornyn came in fourth place in the money race again behind two Democrats—state Rep. James Talarico and Rep. Jasmine Crockett—and GOP state Attorney General Ken Paxton. In Louisiana, three Republicans outpaced Sen. Bill Cassidy’s $1.1 million raised with the help of seven-figure loans. State Treasurer John Fleming took out a $2 million loan after repaying $1.6 million toward a previous $2.1 million loan, St. Tammany Parish Councilwoman Kathy Seiden loaned herself $1.1 million, and state Sen. Blake Miguez loaned himself $1 million. All three will need to compete with Rep. Julia Letlow, who entered the race in January with President Trump’s endorsement.
One Senate Democrat was outraised last quarter. In Massachusetts, Democratic Rep. Seth Moulton outpaced Sen. Ed Markey, $2.1 million to $874,000.
Republicans will have significant backup from outside groups as they look to defend their four-seat majority. The National Republican Senatorial Committee outraised the Democratic Senatorial Campaign Committee, $88.1 million to $79.9 million, last year. The DSCC, conversely, entered 2026 with a $21.8 million war chest, slightly larger than the NRSC’s $19.4 million on hand.
On the super PAC side, the GOP-aligned Senate Leadership Fund massively outraised the Democratic-aligned Senate Majority PAC, $103.4 million to $59.3 million. SLF entered the year with a $103.4 million war chest, nearly triple the amount of SMP’s $35.9 million war chest. Senate Democrats’ top super PAC ended December with $12.4 million in debt.
Despite being outraised by Platner and Mills, Collins entered 2026 with an $8 million war chest—the most cash on hand for a Senate Republican this cycle and more than the two Democrats’ cash on hand combined. Rep. Ashley Hinson of Iowa raised more than her three strongest Democratic competitors combined, entering January with a hefty $5.2 million war chest. Former Rep. Mike Rogers of Michigan raised less money than Democratic Rep. Haley Stevens last quarter, but held a larger amount, $3.5 million, on hand without significant primary competition.
Top Races
North Carolina: Open (R)
Cooper: $7.1 million
Former Republican National Committee Chairman Michael Whatley: $3.8 million
2024 North Carolina-08 candidate Don Brown (R): $32,000
Georgia: Ossoff (D)
Ossoff: $9.9 million
Rep. Buddy Carter (R-01): $1.7 million, including a $1 million candidate loan
Former Tennessee football coach Derek Dooley (R): $1.1 million
Rep. Mike Collins (R-10): $825,000
Maine: Collins (R)
Platner: $4.6 million
Mills: $2.7 million
Collins: $2.2 million
2024 nominee David Costello (D): $82,000, including a $80,000 candidate loan
Michigan: Open (D)
Stevens: $2.1 million
Rogers: $2 million
2018 governor candidate Abdul El-Sayed (D): $1.8 million, including a $4,000 candidate contribution
State Sen. Mallory McMorrow (D): $1.7 million
Corporate trainer Genevieve Scott (R): $23,000, including a $7,000 candidate loan
Former state GOP cochair Bernadette Smith: $15,000
New Hampshire: Open (D)
Rep. Chris Pappas (D-02): $2.3 million
Former Sen. John Sununu (R): $1.4 million
Former Sen. Scott Brown (R-Massachusetts): $374,000
State Rep. Jared Sullivan (D): $89,000, including a $13,000 candidate contribution
Science writer Karishma Manzur (D): $37,000
Primary Problems
Louisiana: Cassidy (R)
Fleming: $2.1 million, including a $2 million candidate loan
Miguez: $1.7 million, including a $1 million candidate loan
Seiden: $1.2 million, including a $1.1 million candidate loan
Cassidy: $1.1 million
Letlow: $347,000
Row-crop farmer Jamie Davis Jr. (D): $17,000, including a $10,000 candidate loan
Massachusetts: Markey (D)
Moulton: $2.1 million
Markey: $874,000
2024 nominee John Deaton (R): $1.3 million, including a $1 million candidate loan and a $53,000 candidate contribution
Organizer Joe Tache (PSL): $58,000
Teacher Alex Rikleen (D): $16,000, including a $10,000 candidate loan
Captain Morgan Dawicki (I): $8,000, including a $2,000 candidate contribution
Texas: Cornyn (R)
Talarico: $6.9 million
Crockett: $6.5 million, including a $4.5 million transfer from other committees including her House campaign account
Paxton: $1.1 million
Cornyn: $1.1 million
Rep. Wesley Hunt (R-38): $429,000
2024 Texas-32 candidate Gulrez Khan (R): $6,000
2024 nominee Ted Brown (L): $5,000, with a $5,000 candidate contribution
Safer Open Races
Alabama: Open (R)
Former White House staffer Morgan Murphy (R): $737,000, including a $100,000 candidate loan
Rep. Barry Moore (R-01): $581,000
State Attorney General Steve Marshall (R): $328,000
Former Navy SEAL Jared Hudson (R): $313,000
Wholesale fuel executive Rodney Walker (R): $227,000, including a $210,000 candidate loan
Construction company owner Kyle Sweetser (D): $36,000
Business executive Dakarai Larriett (D): $23,000, including a $3,000 candidate loan
Illinois: Open (D)
Rep. Raja Krishnamoorthi (D-08): $3.6 million
Lt. Gov. Juliana Stratton (D): $1.1 million
Attorney Jeannie Evans (R): $511,000, including a $300,000 candidate loan and a $122,000 candidate contribution
Real estate broker Steve Botsford (D): $257,000, including a $252,000 candidate contribution
Rep. Robin Kelly (D-02): $212,000
Former state GOP Chair Don Tracy (R): $84,000
Solar-energy entrepreneur Jonathan Dean (D): $47,000, including a $47,000 candidate loan
Marine Corps veteran Kevin Ryan (D): $39,000
2022 candidate Casey Chlebek (R): $30,000
Agricultural engineer Bryan Maxwell (D): $17,000
Perennial candidate R. Cary Capparelli (R): $10,000, including a $4,000 candidate loan
Kentucky: Open (R)
Waste-removal entrepreneur Nate Morris (R): $2 million, including a $1.4 million candidate loan
Rep. Andy Barr (R-06): $1.4 million
2020 nominee Amy McGrath (D): $1.4 million
Champion horse trainer Dale Romans (D): $763,000
2023 governor nominee Daniel Cameron (R): $300,000
2022 nominee Charles Booker (D): $77,000
Helicopter-repair business owner Michael Faris (R): $11,000, including a $7,000 candidate contribution
Personal-injury attorney Logan Forsythe (D): $7,000
Minnesota: Open (D)
Rep. Angie Craig (D-02): $2.1 million
Lt. Gov. Peggy Flanagan (D): $1 million, including a $3,000 candidate contribution
Former Navy SEAL Adam Schwarze (R): $342,000
2024 nominee Royce White (R): $92,000
2022 Minnesota-03 nominee Tom Weiler (R): $29,000, including a $22,000 candidate loan and a $5,000 candidate contribution
