Trump Media posts $405.9 million loss on just $0.9 million revenue

US President Donald Trump's Trump Media & Technology Group, operator of the Truth Social platform, reported a $405.9 million net loss for the first quarter of 2026. The vast bulk of this loss was non-cash, including unrealised losses on digital assets and equity securities. Meanwhile, the company posted $0.9 million in revenue, while its financial assets reached approximately $2.1 billion.