Trump Media Reports $405.9 Million Loss and $871,000 Revenue in Q1 2026

According to CinemaDrama News Agency, Trump Media & Technology Group (TMTG), the owner of the social media platform Truth Social, reported a massive net loss and less than $1 million in revenue in its financial results for the first quarter of 2026.

According to the report, TMTG posted net revenue of $871,200 during the first quarter of the year, marking a 6% increase compared to the same period last year. However, the company recorded a net loss of $405.9 million and an operating loss (EBITDA) of $387.8 million. In its statement, the company said that the majority of these losses were tied to “non-cash” items, including impairment charges related to digital assets and securities valued at $368.7 million, as well as interest expenses and stock-based compensation.

Key Highlights from the Financial Report:

• Assets: The company ended the first quarter of 2026 with total assets of $2.2 billion, nearly tripling year-over-year.
• Cash Flow: TMTG reported positive operating cash flow of $17.9 million for the fourth consecutive quarter.
• Management Changes: The report was released following the sudden departure of former CEO Devin Nunes. The company is currently being led on an interim basis by Kevin McGurn, a former executive at Hulu and T-Mobile.

Stock Performance and Nuclear Fusion Merger

The company’s shares trade on the Nasdaq under the ticker symbol “DJT.” As of the end of April 2026, Donald Trump’s trust, holding more than 114 million shares, controlled 41% of the company’s outstanding stock. The company’s stock price has declined 35% since the beginning of the year, while its current market capitalization is estimated at approximately $2.47 billion.

TMTG also stated that it continues to pursue its merger agreement with nuclear fusion company TAE Technologies. The all-stock transaction is valued at more than $6 billion and is expected to be finalized in mid-2026. The company is also considering spinning off segments such as Truth Social into a separate publicly traded company following the merger.

The media company says its mission is to counter what it describes as “Big Tech’s assault on free speech.” In addition to Truth Social, the group also operates the streaming platform Truth+ and the financial services brand Truth.Fi.