Trump Media Q2 2026 earnings: $238 million net loss on crypto

Trump Media and Technology Group reported a nett nonaccomplishment of $238.1 cardinal for the 2nd 4th of 2026, driven mostly by non-cash losses connected its cryptocurrency holdings arsenic Bitcoin prices fell during the period.

The company, which trades connected the NYSE Texas and Nasdaq nether the ticker DJT, held 9,477 Bitcoin valued astatine $557.1 cardinal arsenic of June 30, down from 9,542 Bitcoin astatine the extremity of 2025. The just worth of that presumption dropped from $836 cardinal astatine the adjacent of past year, according to CoinDesk. Trump Media besides holds a presumption successful the cryptocurrency Cronos, which suffered its ain diminution successful worth during the archetypal fractional of the year.

For the afloat archetypal fractional of 2026, Trump Media recorded $360.6 cardinal successful realized and unrealized losses connected integer assets and integer assets pledged. The nonaccomplishment for the 2nd 4th unsocial connected that enactment point was $116.7 million, reflecting a diminution successful Bitcoin and Cronos prices betwixt March 31 and June 30, 2026.

A important information of the company's Bitcoin was encumbered during the quarter. As of June 30, the institution had encumbered 4,260.73 BTC arsenic information against convertible notes, with an further 2,077.34 BTC serving arsenic collateral for its Bitcoin options strategy.

Revenue for the 4th reached $1.67 million, up 89% from $883,000 successful the aforesaid play a twelvemonth earlier. The summation came from advertizing services tied to a barter agreement, subscriptions to the Truth+ streaming service, and absorption fees from Truth.Fi exchange-traded money offerings.

The company's Adjusted EBITDA loss, a non-GAAP measure, was $223.5 cardinal for the quarter. Trump Media said the bulk of that fig consisted of non-cash items, including unrealized losses connected integer assets and equity securities totaling $190.4 million, accreted involvement of $11.7 million, and stock-based compensation of $8.1 million. Cash utilized successful operating activities was $13.7 million, including $25.6 cardinal successful ineligible expenses tied to bequest litigation.

Trump Media ended the 4th with full assets of $2.0 billion, with astir $1.9 cardinal of that successful fiscal assets including cash, short-term investments, equity securities, integer assets, and related holdings.

Those net landed soon aft Trump Media, Crypto.com, and Yorkville Acquisition announced they were walking distant from a planned associated task — Trump Media Group CRO Strategy — that would person created a publically listed conveyance for accumulating a sizable Cronos treasury, with the parties pointing to "prevailing marketplace conditions and shifting concern and stakeholder priorities" arsenic the reason, according to CoinDesk.

Interim Chief Executive Officer Kevin McGurn said successful a connection that the institution has "refined" its attack to superior allocation and is making advancement toward a projected merger with vigor institution TAE Technologies, which Trump Media expects to implicit successful the 4th fourth of 2026.