Trump Media and Know-how Group, operator of social-media platform Truth Social, reported a large internet loss for the primary three months of 2026 and fewer than $1 million in complete gross sales.
For the primary quarter, TMTG generated internet gross sales of $871,200, up 6% 12 months over 12 months. The corporate reported a $405.9 million internet loss and a $387.8 million adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) loss for the primary quarter of 2026. The huge bulk of the losses had been “non-cash losses together with unrealized losses on digital belongings, digital belongings pledged, and fairness securities ($368.7 million), accreted curiosity ($11.5 million), and inventory primarily based compensation ($11.8 million),” the company said in a press release.
The earnings report comes after final month’s sudden departure of Devin Nunes, a Republican former U.S. Consultant from California who had served as CEO of TMTG since 2022. The corporate appointed Kevin McGurn, who has been an exec at corporations together with Hulu, Vevo and T-Cell, was named interim CEO with Nunes’ exit.
The corporate trades on the Nasdaq beneath the ticker image “DJT.” As of the top of April 2026, the Donald J. Trump Revocable Belief owned 114,750,000 shares of TMTG, representing 41% of excellent shares, in response to the corporate’s most up-to-date 10-K filing with the SEC. The inventory is down 35% year-to-date. Trump Media at present has a market cap of about $2.47 billion.
TMTG closed the primary quarter of 2026 with complete belongings of $2.2 billion and monetary belongings of roughly $2.1 billion comprising money, restricted money, short-term investments, fairness securities, observe receivable and accrued curiosity, digital belongings and digital belongings pledged. That represents a virtually threefold improve over the $759 million in monetary belongings it held on the finish of Q1 2025. TMTG additionally introduced its fourth consecutive quarter of optimistic working money circulate, reporting $17.9 million of money supplied by working actions for the primary quarter.
In asserting the Q1 earnings, TMTG stated, “Supported by its robust steadiness sheet, the Firm is constant to pursue all its strategic priorities, together with increasing and enhancing its flagship Reality Social and Reality+ platforms.”
Final December, Trump Media & Know-how Group introduced a merger agreement with nuclear fusion company TAE Technologies in an all-stock deal valued at greater than $6 billion. The businesses stated the transaction is predicted to shut in mid-2026. This February, Trump Media stated it was contemplating a possible spin-off of “companies together with Reality Social into a brand new publicly traded firm” following the closing of the pending merger transaction between TMTG and TAE.
McGurn stated in a press release: “Trump Media is utilizing its robust steadiness sheet and optimistic working money circulate to proceed rising all our companies and platform infrastructure. At the same time as we work towards advancing our proposed merger with TAE Applied sciences as rapidly as potential, we’re figuring out new progress alternatives and new methods to extend shareholder worth. Reality Social stays a bastion of free speech with revolutionary enhancements coming quickly, and I sit up for quickly rising our Reality Social and Reality+ communities and constructing out these highly effective, uncancellable platforms at no cost expression.”
The acknowledged mission of Trump Media is “to finish Massive Tech’s assault on free speech by opening up the Web and giving folks their voices again.” Along with Reality Social, it operates the Reality+ streaming platform specializing in “household pleasant” programming and Reality.Fi, a monetary companies and fintech model incorporating America First funding autos.
