Trump Media & Technology Group (TMTG), the parent company of President Donald Trump’s Truth Social, reports a net loss of a little over $400 million for the first quarter, according to company filings cited by multiple outlets. The reported loss is largely driven by the depreciation of cryptocurrency assets after digital-coin prices decline. Several reports say TMTG records losses based on the required fair-value accounting of investments, even if the company has not sold the assets.
While the company shows only minimal revenue for the quarter, sources differ slightly on the exact figure, citing roughly under $1 million or about $870,000–$900,000. One report also notes that net sales are up year over year, but that the overall results remain dominated by losses tied to other investments, particularly digital assets.
The filings also describe TMTG’s continued focus on expanding Truth Social’s infrastructure and audience, and one outlet adds that TMTG announced a planned merger involving another company expected to close in mid-2026. Trump controls about 41% of TMTG shares through a trust established during his presidency, according to one source.
