President Trump’s media company reports $405 million in losses

President TrumpThe media company suffered a huge loss in the first quarter…to the tune of over $405 million.

Trump Media and Technology Group Corp., the parent company of Trump’s social media platform Truth Social, reported a net loss of $405,900,000 in the first three months of 2026… according to a company earnings report.

For the first quarter, Trump Media says it had net revenue of $871,200…up 6% year over year.

In the company’s earnings report released Friday, Trump Media reported an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) loss of $387.8 million… saying the “large portion” of the losses were “non-cash losses, including unrealized losses on digital assets, pledged digital assets and equity securities ($368.7 million), accrued interest ($11.5 million) and stock-based compensation ($11.8 million).”

The numbers come after a management shakeup at Trump Media…with POTUS replacing CEO Devin Nunesthe former congressman from California, with Kevin McGurn.

It’s not all bad for Trump Media…they claim to have $2.2 billion in financial assets and $17.9 million in positive operating cash flow.