Trump Media & Technology Group (TMTG), the parent company of Truth Social owned by United States President Donald Trump, posted a loss of US$238.1 million in the second quarter of 2026. This loss nearly tenfold that of the same period in 2025, when TMTG recorded a US$20 million loss.
The ballooning losses were caused by a decline in the value of the company's non-cash assets. AFP reported on Monday that more than US$190 million of TMTG's total loss came from the decline in value of digital assets, pledged digital assets, and equity securities.
Digital assets have become a significant factor in TMTG's financial performance. In the first quarter of 2026, the company recorded a net loss largely driven by the decline in crypto asset values, demonstrating that fluctuations in digital asset prices can negatively impact financial statements.
Despite the large losses, the company's revenue actually increased. TMTG generated revenue of US$1.7 million in the second quarter of 2026, up 89 per cent compared to the same period the previous year, mostly from operations of the Truth Social platform. However, this revenue increase still falls far short of the loss for the same period.
Despite facing mounting losses, the company believes it remains in a good position to complete its planned merger with nuclear fusion technology company TAE Technologies in 2026.
