Trump Media Reports $238M Q2 Loss as Crypto Holdings Fall $307M
For the second quarter of 2026, Trump Media & Technology Group, the parent company of Truth Social, experienced a net loss of $238.1 million, a significant increase from the $20 million loss reported in Q2 2025. Revenue climbed to $1.67 million, marking an 89% rise from around $883,000 the previous year. The adjusted EBITDA loss was $223.5 million, compared to $12.8 million in the prior period. This loss included $190.4 million in unrealized losses from digital assets, which decreased from $904.4 million to $597.7 million. The total value of digital assets fell from $1.08 billion to $719.8 million. The company possesses $1.9 billion in financial assets, including $424.6 million in cash. Interim CEO Kevin McGurn revealed that revenue generation from Truth API commenced on August 1, 2026. Trump Media is also managing approximately $970.3 million in debt and is working towards a merger with TAE Technologies, targeted for completion in Q4 2026.
Key facts
- Trump Media reported a Q2 2026 net loss of $238.1 million, up from $20 million in Q2 2025.
- Quarterly revenue was $1.67 million, up 89% from $883,000 in Q2 2025.
- Digital assets fell by $306.7 million from $904.4 million at end of 2025 to $597.7 million as of June 30, 2026.
- Including pledged assets, total digital asset value dropped from $1.08 billion to $719.8 million.
- The company recorded $116.7 million in realized and unrealized losses from digital assets in Q2, and $360.6 million for H1 2026.
- Truth API launched on August 1, 2026, with fees of $60,000–$100,000 per month, targeting high-frequency trading firms.
- As of June 30, 2026, Trump Media had $970.3 million in debt and $424.6 million in cash and short-term investments.
- Trump Media is pursuing a merger with TAE Technologies, expected to complete in Q4 2026.
Entities
Institutions
- Trump Media & Technology Group
- Truth Social
- Truth+
- Truth.Fi
- Truth API
- TAE Technologies
- AP