Trump Media Reports $405.9M Q1 2026 Net Loss

Trump Media and Technology Group, the parent company of Truth Social, reported a net loss of $405.9 million for the first quarter of 2026, according to its quarterly filing with the U.S. Securities and Exchange Commission.

The loss, released after markets closed on Friday, stemmed primarily from non-cash unrealized losses totaling $368.7 million on digital assets, pledged digital assets and equity securities. Additional expenses included $11.5 million in accreted interest and $11.8 million in stock-based compensation. The company holds 9,542 Bitcoin, valued at approximately $767 million at quarter's end, and 756 million Cronos tokens worth about $53 million. These positions rank TMTG as the 13th-largest corporate holder of Bitcoin. Bitcoin prices fell roughly 22 percent during the quarter, contributing to the mark-to-market adjustments required under accounting rules.

Despite the losses, TMTG generated $871,200 in net sales, a 6 percent increase from the prior year, driven by $810,100 from media operations including Truth Social advertising and subscriptions, and $61,100 from its Truth.Fi financial services arm. The company reported $17.9 million in positive operating cash flow,...