Trump Media & Technology Group, the Trump family's media and technology firm, reported a net loss of $405.9 million in the first quarter of 2026, primarily driven by unrealized losses from the valuation of cryptocurrency assets held by the company.
Trump Media & Technology Group, the parent company of the Truth Social platform, disclosed its Q1 financial results last Friday, noting a positive operating cash flow of $17.9 million and total financial assets valued at $2.1 billion, a threefold increase compared to the same period last year.
However, the company's cryptocurrency investments made near last year's market peak significantly contributed to the heavy losses this quarter, with nearly $370 million of the total loss arising from unrealized losses on digital assets and equity investments.
Meanwhile, the company's stock price has plummeted more than 90% since early 2022, having once soared to a peak of $97.54 per share; it currently trades at only $8.93 per share.
From a financial perspective, Donald Trump's social media business is among the most questioned companies in the U.S., having generated just $3.7 million in revenue in 2025 while posting a net loss of $712 million.
Trump Media's business centers on Truth Social, the flagship product launched by Donald Trump after his ban from Twitter following the January 6, 2021 Capitol riot. The company also operates Truth+, a family-oriented TV streaming platform; Truth.Fi, a FinTech business; and pursues digital asset monetization strategies after repositioning itself as a Bitcoin-holding company on its balance sheet in May 2025.
The company has continuously struggled to find a sustainable business model, including transforming into a Bitcoin treasury, announcing a merger with a fusion energy company in December, and planning to spin off Truth Social into a separate entity; however, progress on these plans remains unclear.
Currently, Trump Media holds over 9,500 Bitcoins in its corporate treasury. According to CoinGecko data, the company began acquiring Bitcoin in July last year at an average cost of approximately $108,519 per coin.
Additionally, the company sold 2,000 Bitcoins in late February when Bitcoin's price was just below $70,000 per coin.
Bitcoin is now valued at over $80,000 per coin after experiencing significant volatility throughout the past year, reaching a peak of $126,000 in October before sharply dropping to around $60,000 in early February.
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