NEW YORK—Trump Media & Technology Group, the parent company of President Donald Trump’s Truth Social platform, reported a net loss of $238.1 million for the second quarter, widening sharply from a $20 million loss a year earlier as declines in digital assets and securities weighed on its results.
The company reported revenue of about $1.7 million for the three months ended June 30, an increase of roughly 89% from the same period last year. Most of the revenue came from its media operations, including advertising and subscriptions.
Trump Media said about $190.4 million of the quarterly loss reflected unrealized losses on digital assets, digital assets pledged as collateral and equity securities. Other significant expenses included about $11.7 million in accreted interest and $8.1 million in stock-based compensation, according to regulatory filings reported on Tuesday.
The results highlight the volatility of a strategy that has increasingly tied the company’s balance sheet to cryptocurrencies and other financial assets. Trump Media has accumulated substantial Bitcoin holdings as part of a digital-asset treasury strategy, leaving its reported earnings sensitive to changes in market values.
The second-quarter loss followed a loss of about $406 million in the first quarter, bringing the company’s net loss for the first six months of 2026 to roughly $644 million, while revenue for the period remained about $2.5 million.
Interim Chief Executive Officer Kevin McGurn said the company would focus more closely on its core media businesses after pursuing cryptocurrency, online betting and other initiatives. The company is expanding Truth Social and Truth+, while also developing Truth API, a data-licensing service that provides access to public posts from Truth Social accounts.
Trump Media has also continued preparations for its proposed merger with TAE Technologies, a nuclear-fusion company. The transaction, previously announced by the companies, remains subject to the required conditions and approvals.
The latest results underscore the gap between Trump Media’s relatively small operating revenue and the much larger swings in the value of its financial and digital-asset holdings. The company’s next quarterly filing will provide an updated assessment of its financial position and operating performance.
