Trump Media, Parent of Truth Social, Reports Q1 Sales of $871,000 and $405.9 Million Net Loss

Trump Media and Technology Group (TMTG), the parent company of social media platform Truth Social, reported first-quarter 2026 sales of $871,200, a 6% increase from the same period last year. However, the company recorded a net loss of $405.9 million, with $387.8 million of that attributed to non-cash losses, including unrealized losses on digital assets, equity securities, and stock-based compensation. The earnings follow the recent departure of CEO Devin Nunes, a former U.S. Representative, who left the company last month. Kevin McGurn, an executive with experience at Hulu, Vevo, and T-Mobile, was named interim CEO. TMTG’s stock, trading under the ticker DJT on Nasdaq, has declined 35% year-to-date, with a market cap of approximately $2.47 billion. As of April 2026, the Donald J. Trump Revocable Trust holds 41% of the company’s shares. Despite the losses, TMTG reported $2.2 billion in total assets and $2.1 billion in financial assets, nearly triple the $759 million held at the end of Q1 2025. The company also achieved its fourth consecutive quarter of positive operating cash flow, generating $17.9 million in Q1 2026. TMTG remains focused on expanding Truth Social and Truth+, its streaming platform, while pursuing strategic priorities, including a pending merger with nuclear fusion company TAE Technologies, valued at over $6 billion. The merger, expected to close mid-2026, could lead to a potential spin-off of Truth Social into a new publicly traded entity. McGurn stated the company is leveraging its strong balance sheet to grow its platforms and increase shareholder value. TMTG’s mission centers on combating what it calls 'Big Tech’s assault on free speech' by promoting uncensored digital platforms.