Trump Media & Technology Group reported a net loss of $238 million in the second quarter of 2026, against revenue of just $1.7 million, according to a filing submitted to the US Securities and Exchange Commission on Monday.
The company attributed the bulk of the shortfall to $190.4 million in unrealised losses on digital assets, digital assets pledged, and equity securities. Additional losses included $11.7 million in "accreted interest" — unpaid interest on a loan that is added to the principal — and $8.1 million in "stock-based compensation."
TMTG said revenue for the April-June quarter rose 89 percent compared with the same period last year, though losses continued to outpace earnings by a wide margin.
Almost all of the company's revenue came from its media segments, including $1.43 million from advertising and $179,500 from subscriptions, according to the SEC filings.
The second-quarter results bring TMTG's net losses for the first half of 2026 to $644 million, against combined revenue of $2.5 million.
Shares of TMTG, which trades on NASDAQ under the symbol "DJT," fell 8 percent at market close on Monday.
TMTG's portfolio includes the social media platform Truth Social, the video streaming service Truth+, and the fintech brand Truth.Fi. Over the past year, the company has expanded into cryptocurrency and, as of August 1, market intelligence through a subscription service called Truth API.
Truth API provides investors with faster access to posts on Truth Social, where US President Donald Trump regularly makes announcements on policy matters — including tariffs and the US-Israel war on Iran — that have been known to move financial markets.
The service has drawn conflict of interest concerns. TMTG interim CEO Kevin McGurn said during an earnings call on Monday that 10 companies had already signed up, paying between $60,000 and $100,000 per month in fees.
Despite the influence of Trump's posts, Truth Social has lagged behind rival platforms such as X and Facebook in user numbers since its launch in 2022. The New York Times reported on Monday, citing data from the online tracking firm Similarweb, that visitors to Truth Social in July were down by more than a third compared with the same period last year.
