Trump Media and Technology Group lost $406m in first three months of 2026

"The parent company of Donald Trump's Truth Social platform one of the president's preferred communications channels lost nearly $406m in the first three months of the year while generating a little over $870,000 in revenue, according to financial filings. The Trump Media and Technology Group's quarterly report for January to March 2026 showed that while net sales were up 6% year over year, the company took sizable losses related to other investments."

"The vast bulk of the losses were non-cash losses including unrealized losses on digital assets, digital assets pledged, and equity securities ($368m), accreted interest ($11.5m), and stock based compensation ($11.8m), the company said in a press release. Most of the losses stem from $3.5bn in bitcoin buys the company made in 2025 when the cryptocurrency was surging in value and the company announced plans to establish a bitcoin treasury."

"The interim chief executive officer, Kevin McGurn, said in a statement that Trump Media is using its strong balance sheet and positive operating cashflow to continue growing all our businesses and platform infrastructure. McGurn also said, without elaborating, that Truth Social remains a bastion of free speech with innovative enhancements coming soon."

"While Truth Social has effectively functioned as a bullhorn for the president, it has not flourished more broadly. The reported losses come five months after Trump Media announced plans to merge in a $6bn deal with a California nuclear fusion company TAE Technologies that aims to power artificial intelligence datacenters. Nuclear fusion, with its long-held goal of producing limitless energy, has yet to"

Trump Media and Technology Group, the parent company of Truth Social, reported nearly $406 million in losses during January to March 2026 while generating a little over $870,000 in revenue. Net sales rose about 6% year over year, but losses increased due to other investments. The largest losses were non-cash items, including unrealized losses on digital assets, digital assets pledged, and equity securities totaling about $368 million. Additional non-cash losses included accreted interest of about $11.5 million and stock-based compensation of about $11.8 million. The losses were largely tied to $3.5 billion in bitcoin purchases made in 2025, when bitcoin was surging, followed by a drop of roughly one-third in value. Truth Social has functioned as a major communications channel for Donald Trump since the company formed after his 2021 bans from Twitter and Facebook.

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