Trump's Media Company Reports $238 Million Loss in Second Quarter

Donald Trump's media company, Trump Media & Technology Group Corp. (TMTG), which operates Truth Social, posted a substantial net loss of $238.1 million in the second quarter of 2026. This marks a dramatic increase from the $20 million loss reported during the same period in 2025.

The company attributed a significant portion of the loss to non-cash expenses, including unrealized losses on digital assets, pledged digital assets, and equity securities, amounting to $190.4 million. Additional non-cash charges included $11.7 million in accrued interest and $8.1 million in stock-based compensation.

Despite the significant losses, TMTG reported an 89% increase in revenue, reaching $1.7 million in the second quarter of 2026, up from $0.9 million in the prior year's quarter. The company also highlighted its financial position, with total assets of $2 billion and financial assets around $1.9 billion, positioning it to pursue priorities such as a planned merger with TAE Technologies and monetization of data licensing products.

Kevin McGurn, interim CEO of TMTG, stated that the company's strategic direction has been refined, emphasizing rigorous capital allocation discipline. He added that over 10 customer agreements have been signed, with expectations for recurring revenue from a new product. TMTG also launched Truth API, a subscription service for rapid notifications of prominent posts on Truth Social.