Trump Media & Technology Group (TMTG) recorded a net loss of $238m in the second quarter of 2026 against revenue of $1.7m, according to a filing submitted to the US Securities and Exchange Commission on Monday.
Trump Media reports $238m net loss in second quarter of 2026 on revenue of $1.7m
Trump Media & Technology Group (TMTG) recorded a net loss of $238m in the second quarter of 2026 against revenue of $1.7m, according to a filing submitted to the US Securities and Exchange Commission on Monday.
TMTG attributed $190.4m of the quarterly loss to unrealised losses on digital assets, digital assets pledged, and equity securities. Additional losses included $11.7m in accreted interest — unpaid interest added to a loan's principal — and $8.1m in stock-based compensation.
The company stated that revenue for the April-to-June period rose 89 percent compared with the same quarter of the prior year, though losses continued to exceed earnings. Nearly all revenue came from media segments, including $1.43m from advertising and $179,500 from subscriptions.
The second-quarter results bring TMTG's net losses for the first half of 2026 to $644m, set against revenue of $2.5m for the same period.
Shares of TMTG, which trades on the NASDAQ under the symbol 'DJT', closed down 8 percent on Monday.
TMTG's holdings include the Truth Social social media platform, the Truth+ video streaming service, and the fintech brand Truth.Fi. The company has also moved into cryptocurrency and, as of August 1, market intelligence through a subscription service called Truth API.
Truth API offers investors faster access to posts on Truth Social, where the US president regularly makes announcements on policy matters including tariffs. The service has drawn conflict of interest concerns. TMTG interim CEO Kevin McGurn said during an earnings call on Monday that 10 companies had signed up, paying between $60,000 and $100,000 per month.
The New York Times reported on Monday, citing data from online tracking firm Similarweb, that visitors to Truth Social in July were down by more than a third compared with the same month the previous year. Truth Social launched in 2022.
- The source does not establish the specific nature or composition of the digital assets held by TMTG.
- The source does not establish the identity of the 10 companies that signed up for Truth API.
- The source does not establish TMTG's total user numbers or active user counts for Truth Social.
- The source does not establish what actions, if any, regulators have taken regarding the conflict of interest concerns over Truth API.
- The source does not establish the terms or lender of the loan on which accreted interest was recorded.
- The source does not establish a comparison of TMTG's revenue or losses with those of competitor media companies.
- The source does not establish whether the 89 percent revenue increase reflects organic growth or structural changes in the business.
Read the original at Al Jazeera English