Trump Media and Technology Group (TMTG), owned by US President Donald Trump, has released its financial report for the first quarter of 2026. The company recorded a net loss exceeding $405 million during this period, while its total revenue remained at approximately $871,000.
Operative Information Center-OMM reports, citing foreign media, that the company's management attributed the substantial losses primarily to the devaluation of digital assets. Specifically, approximately $368.7 million of the total loss was linked to digital asset impairment. Additionally, interest expenses amounted to $11.5 million, while stock-based compensation reached $11.8 million. Despite these figures, the company emphasized that its total assets stand at $2.2 billion and noted that it has achieved positive operating cash flow for the fourth consecutive quarter.
The financial results follow a period of significant volatility for the company's shares on the stock exchange, where they recently traded below $9, marking a tenfold decrease from peak levels seen in 2022. The trajectory of net losses has shown a marked increase over recent years, rising from $58.2 million in 2023 to over $400 million in 2024, and exceeding $712 million in 2025. Last month, the company's long-term CEO, Devin Nunes, was dismissed from his position as the group seeks to pivot toward new sectors to regain investor confidence. This includes a $6 billion merger agreement with TAE Technologies signed in December, which aims to complete by mid-2026 and focuses on nuclear fusion energy production by 2031. Furthermore, the Truth Social platform is considering the introduction of prediction market services, a sector where Donald Trump Jr. currently serves as an advisor for platforms like Kalshi and Polymarket.
