Sunday, May 10, 2026 -Trump Media & Technology Group, the parent company of Truth Social, has reported a net loss of more than $405 million during the first quarter of 2026. According to the company’s latest earnings report, Trump Media recorded a net loss of approximately $405.9 million in the first three months of the year.
The company reported net sales of about $871,200 for the
quarter, representing a six percent increase compared to the same period last
year. In the financial report released on Friday, the company also disclosed an
adjusted EBITDA loss of approximately $387.8 million.
Trump Media said most of the losses were tied to non-cash
accounting items, including unrealised losses connected to digital assets,
pledged digital assets and equity securities.
The company stated that these non-cash losses accounted for
roughly $368.7 million, while accreted interest and stock based compensation
reportedly contributed additional losses. The earnings figures come shortly
after changes in the company’s leadership structure.
Donald Trump’s media company recently replaced former chief
executive Devin Nunes with Kevin McGurn. Despite the reported losses, the
company said it still holds approximately $2.2 billion in financial assets and
reported positive operating cash flow of about $17.9 million.
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