Trump Media and Technology Group lost $406M in first three months of 2026
4 hours ago
- #financial loss
- #Truth Social
- #bitcoin investment
- Trump Media & Technology Group reported a net loss of nearly $406 million in Q1 2026.
- Revenue was only slightly over $870,000, though net sales increased by 6% year-over-year.
- Major losses came from non-cash items, including $368 million in unrealized losses on digital assets and securities.
- A key factor was the 2025 purchase of $3.5 billion in bitcoin, whose value has since dropped by about a third.
- The company is pursuing a proposed $6 billion merger with nuclear fusion company TAE Technologies.
- Despite losses, the CEO highlighted strong cash flow and plans for growth and platform enhancements.
- Truth Social was launched after Trump's bans from major social platforms and serves as his primary communication channel.