Trump Media & Technology Group, the parent company of Truth Social, has announced a net loss of more than $405 million for the first quarter of 2026.
According to the company’s latest earnings report, Trump Media posted a net loss of approximately $405.9 million during the first three months of the year.
The company reported quarterly net sales of about $871,200, marking a six percent increase compared to the same period in 2025. In its financial statement released on Friday, Trump Media also disclosed an adjusted EBITDA loss of around $387.8 million.
The company explained that much of the loss resulted from non-cash accounting items, including unrealised losses linked to digital assets, pledged digital assets, and equity securities.
According to the report, these non-cash losses accounted for roughly $368.7 million, while accreted interest and stock-based compensation added to the overall losses.
The financial results come shortly after leadership changes within the company. Donald Trump’s media firm recently replaced former chief executive Devin Nunes with Kevin McGurn.
Despite the heavy losses, the company stated that it still holds approximately $2.2 billion in financial assets and generated positive operating cash flow of about $17.9 million.
