U.S. President Donald Trump's media company, Trump Media & Technology Group (TMTG), posted a net loss of $238 million in the second quarter of 2026, with revenue barely reaching $1.7 million, according to a filing with the U.S. Securities and Exchange Commission (SEC) on August 4.
The bulk of the loss, $190.4 million, came from unrealized losses tied to digital assets, pledged digital assets, and equity securities. The company also recorded $11.7 million in accrued interest expenses and $8.1 million in stock-based compensation costs for employees.
Despite the loss far exceeding revenue, TMTG said Q2 revenue (April to June) rose 89% year-over-year. Nearly all revenue came from advertising ($1.43 million) and subscription services ($179,500).
For the first half of 2026, TMTG reported a net loss of $644 million on total revenue of just $2.5 million. TMTG shares, traded on NASDAQ under the ticker DJT, fell 8% at the close on August 4.
TMTG's product lineup includes social media platform Truth Social, video streaming service Truth+, and financial technology brand Truth.Fi. Over the past year, the company expanded into cryptocurrency and, starting August 1, launched Truth API—a controversial paid service giving investors faster access to Trump's Truth Social posts, where he frequently makes market-moving policy announcements on tariffs or the U.S.–Israel conflict with Iran.
Kevin McGurn, TMTG's interim CEO, told investors that 10 companies have subscribed to the service, paying between $60,000 and $100,000 per month, despite concerns about potential conflicts of interest.
Despite the impact of Trump's posts, Truth Social still lags far behind rivals like X or Facebook in user numbers since its 2022 launch. Citing data from tracking firm Similarweb, the New York Times reported that Truth Social's traffic in July fell by more than one-third compared to the same month last year.
