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The Guardian - US
The Guardian - US
World
Edward Helmore

Trump Media and Technology Group lost $406m in first three months of 2026

The Truth Social app on a cellphone.
Most of the losses stem from $3.5bn in bitcoin buys the company made in 2025 when the cryptocurrency was surging in value. Photograph: Andre M Chang/Zuma Press Wire/Shutterstock

The parent company of Donald Trump’s Truth Social platform – one of the president’s preferred communications channels – lost nearly $406m in the first three months of the year while generating a little over $870,000 in revenue, according to financial filings.

The Trump Media and Technology Group’s quarterly report for January to March 2026 showed that while net sales were up 6% year over year, the company took sizable losses related to other investments.

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