Trump Media and Technology Group lost $406m in first three months of 2026
Summary
Trump Media and Technology Group, the company behind President Donald Trump’s Truth Social platform, lost nearly $406 million in the first three months of 2026 while earning just over $870,000 in revenue. Most of the losses came from changes in the value of bitcoin and other digital assets the company owns.Key Facts
- The company’s net sales increased by 6% compared to the same period last year.
- Most losses were non-cash, including unrealized losses on digital assets ($368 million), interest costs ($11.5 million), and stock-based compensation ($11.8 million).
- Trump Media bought $3.5 billion worth of bitcoin in 2025, but the cryptocurrency has dropped about one-third in value since then.
- The company was created after President Trump was banned from Twitter and Facebook in 2021.
- Truth Social remains a key communication platform for President Trump but has not grown significantly beyond his core followers.
- Trump Media plans to merge in a $6 billion deal with TAE Technologies, a California nuclear fusion company aiming to power AI data centers.
- The CEO, Kevin McGurn, said the company is using its cash flow and finances to grow and improve its platforms.
- Nuclear fusion technology aims to create limitless energy but has not yet produced more energy than it consumes.
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