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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With $406 million in losses in the first quarter of 2026, the parent company of the Truth Social network suffered the collapse of cryptocurrency.
ledauphine.com
estrepublicain.frDonald Trump's network parent, Truth Social, reported losses of $406 million in the first quarter of 2026, driven by its investment in cryptocurrency.
Trump Media Posts $406M Loss as NASDAQ: DJT Stock Trades at $2.48 Billion Valuation
Trump Media and Technology Group (NASDAQ: DJT) reported a net loss of $405.9 million for the first quarter of 2026, against net sales of just $871,200, deepening the divide between the company’s market valuation and its core revenue generation. The results, released after the close on Friday, are dominated by paper losses on digital assets […] The post Trump Media Posts $406M Loss as NASDAQ: DJT Stock Trades at $2.48 Billion Valuation appeared f…
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