Parent company of Trump’s Truth Social reports $400M loss
The company said non-cash losses drove the result even as it posted $17.9 million in operating cash flow.
- On Friday, Trump Media and Technology Group reported a $405.9 million net loss for the first quarter of 2026, generating less than $1 million in total revenue.
- The financial report follows the sudden departure last month of former U.S. Representative Devin Nunes, who served as CEO since 2022, with media executive Kevin McGurn appointed as interim CEO.
- A $387.8 million Adjusted EBITDA loss for the quarter stemmed from non-cash accounting charges, including unrealized losses on digital assets and stock-based compensation totaling $368.7 million and $11.8 million respectively.
- Interim CEO Kevin McGurn emphasized the company's "strong balance sheet and positive operating cash flow," citing $17.9 million in cash provided by operating activities for the first quarter.
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76 Articles
Truth Social Parent Company Posts $400m Loss
What happens when a social media company dives headfirst into crypto just as the market crashes? For Trump Media & Technology Group, the answer appears to be a staggering $400 million quarterly loss.The parent company of Truth Social revealed that it lost more than $406 million. The platform is frequently used by Donald Trump for official announcements. In the first three months of the year.And surprisingly, the damage wasn’t mainly from the soc…
Truth Social's parent company, Truth Social, which is owned by US President Donald Trump, revealed massive net losses exceeding $400 million during the first quarter of this year, marking a sharp decline in financial performance.
Trump Media, owned by the family of U.S. President Donald Trump, announced on the 9th (local time) that it recorded a net loss of $405.9 million (approximately 600 billion won) in the first quarter (January–March). Trump Media is the parent company of TruthSocial, the social media platform where President Trump frequently posts. President Trump established TruthSocial after X (the former Twitter) suspended his account in 2021.
Trump Media & Technology Group Reports over $400 Million Net Loss in March Quarter on Digital Asset Hit
Get latest articles and stories on Business at LatestLY. Trump Media & Technology Group Corp. on Friday posted a net loss of USD 405.8 million for the quarter ended March 31, compared to a USD 31.7 million loss in the same period last year, impacted primarily by unrealized losses on digital assets. The company's Net sales rose modestly to a little over USD 871,000 from over USD 821,000 a year earlier. Business News | Trump Media & Technology Gro…
Trump Media posts $405 million loss driven by crypto holdings
The Trump family media group posted a net drop of $405.9 million in the first quarter, largely driven by unrealized losses in cryptocurrencies held by the company. Trump Media & Technology Group Corp., which is the parent company of Truth Social, released its first-quarter 2026 results on Friday reporting a positive operating cash flow of $17.9 million and $2.1 billion in financial assets, which is triple the assets from the same period a year …
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