Trump Media & Technology Group filed quarterly results with the SEC on Monday showing a substantial financial shortfall. The company recorded a net loss of $238 million against revenue of $1.7 million for the April-June period. The majority of losses stemmed from $190.4 million in unrealised losses related to digital assets and equity securities, while additional expenses included $11.7 million in accreted interest and $8.1 million in stock-based compensation.
Revenue growth occurred on a year-over-year basis, rising 89 percent compared with the same quarter in the previous year. However, the company’s earnings remained substantially outpaced by losses. Most revenue derived from media operations, generating $1.43 million from advertising and $179,500 from subscriptions. The first half of 2026 cumulative results showed net losses of $644 million against $2.5 million in revenue. Stock market reaction was negative, with shares trading under the NASDAQ symbol “DJT” declining 8 percent at Monday’s market close.
TMTG’s business operations span multiple platforms and services, including the Truth Social social media network, Truth+ for video streaming, and Truth. Fi for fintech services. The company has expanded into cryptocurrency and, beginning August 1, launched Truth API, a subscription service providing investors expedited access to posts on Truth Social. The service charges between $60,000 and $100,000 monthly, with 10 companies having already enrolled. The offering has generated conflict of interest concerns due to Trump’s history of making market-moving announcements on policy subjects including tariffs.
Truth Social has faced competitive challenges since its 2022 launch, trailing platforms such as X and Facebook in user metrics. Data from tracking firm Similarweb indicated that Truth Social visitors declined by more than one-third in July compared with the equivalent period in the previous year, according to reporting by The New York Times on Monday. Interim CEO Kevin McGurn commented on the earnings call regarding the new subscription service and business developments.
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