Trump Media & Technology Group, the parent company of Truth Social, has reported a net loss of approximately 405.9 million dollars in the first quarter of 2026, according to its latest earnings report.
The company disclosed that the loss was recorded during the first three months of the year, despite a modest increase in revenue.
In its financial report released on Friday, Trump Media reported net sales of about 871,200 dollars, representing a six per cent rise compared to the same period in 2025.
The company also posted an adjusted EBITDA loss of approximately 387.8 million dollars for the quarter.
According to the company, the bulk of the losses stemmed from non-cash accounting items, including unrealised losses linked to digital assets, pledged digital assets, and equity securities.
Trump Media said these non-cash losses amounted to roughly 368.7 million dollars, while accreted interest and stock-based compensation added to the financial burden.
The financial update comes amid recent leadership changes at the company.
Former Chief Executive Officer, Devin Nunes, was recently replaced by Kevin McGurn as part of a management restructuring.
Despite the quarterly losses, the company stated that it maintains approximately 2.2 billion dollars in financial assets and reported positive operating cash flow of around 17.9 million dollars.
Donald Trump founded Truth Social following his suspension from major social media platforms in 2021.
Trump Media has continued expanding its business interests in digital media, streaming, and technology services while navigating market volatility and changes in the digital asset landscape.
Industry analysts say the company’s future performance may depend largely on its ability to diversify revenue streams beyond advertising and platform subscriptions.
