Trump Media & Technology Group (DJT) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was $871.2K, up 6% year-over-year, driven by new subscription and management fee streams, partially offset by lower advertising revenue.

• Net loss widened to $405.9M, primarily due to unrealized losses on digital assets and equity securities.

• Total assets reached $2.2B and financial assets $2.1B as of March 31, 2026, nearly tripling from a year earlier.

• Major product launches and expansions included Truth Social, Truth+, Truth.Fi, and new ETF offerings.

• Management transition occurred in April 2026, with a new interim CEO and board changes.

Financial highlights

• Operating costs and expenses rose sharply to $294.4M, mainly from a $244M unrealized loss on digital assets.

• Net loss of $405.9M, with $368.7M attributed to unrealized losses on digital assets and equity securities.

• Cash, cash equivalents, restricted cash, and investments totaled $2.08B at quarter-end.

• Adjusted EBITDA loss was $387.8M for Q1 2026.

• Debt (excluding leases) stood at $958.6M.

Outlook and guidance

• Management expects current liquidity to fund operations for at least the next 12 months but may seek additional financing for growth or acquisitions.

• Strategic focus remains on expanding product offerings, monetizing platforms, and pursuing M&A opportunities.

• Continued investment in platform infrastructure and user experience improvements.