Trump Media Q3 Loss Doubles to $54.8M on Crypto Push

Trump Media and Technology Group, the parent company of Truth Social, reported a net loss of $54.8 million for the third quarter of 2025, more than double the $19.2 million loss from the same period a year earlier, as expenses surged amid its aggressive push into cryptocurrency investments.

The company, which went public in March 2024 through a merger with a special-purpose acquisition company, disclosed the results in a filing with the U.S. Securities and Exchange Commission. Revenue fell 3.8 percent to $972,900, primarily from advertising on its Truth Social platform, which serves as a key communication tool for President Donald Trump. Legal expenses jumped to $20.3 million, linked to ongoing matters from the merger, while non-cash losses of $54.1 million arose from digital asset revaluations, stock-based compensation, and unrealized losses on trading securities. Despite the quarterly shortfall, Trump Media generated $28.7 million in income from Bitcoin-related securities and interest during the period, contributing to $61.1 million in year-to-date realized income.

On a brighter note, the company maintained positive operating cash flow of $10.1 million for the second straight...