Trump Media posts $238.1 million Q2 net loss as revenue rises 89% to $1.7 million
Trump Media & Technology Group reported a second-quarter 2026 net loss of $238.1 million and an Adjusted EBITDA loss of $223.5 million, compared with a net loss of $20.0 million a year earlier. Revenue rose 89% to $1.7 million, and the company said most of the loss was non-cash, including $190.4 million of unrealized losses on digital assets and equity securities. The results matter to shareholders because the loss widened sharply even as the company launched its first data licensing product and said it is working toward a merger with TAE Technologies.
Key points
- Net loss of $238.1 million for the quarter ended June 30, 2026, versus $20.0 million in the same quarter of 2025
- Revenue of $1.7 million, up 89% from $0.9 million in the second quarter of 2025
- Non-cash losses included $190.4 million of unrealized losses on digital assets, digital assets pledged, and equity securities
- Truth API data licensing product launched August 1, 2026; the company expects the TAE merger to close in the fourth quarter of 2026
The filing
Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.