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Parent company of Trump’s Truth Social reports $400M loss
The company said non-cash losses drove the result even as it posted $17.9 million in operating cash flow.
- On Friday, Trump Media and Technology Group reported a $405.9 million net loss for the first quarter of 2026, generating less than $1 million in total revenue.
- The financial report follows the sudden departure last month of former U.S. Representative Devin Nunes, who served as CEO since 2022, with media executive Kevin McGurn appointed as interim CEO.
- A $387.8 million Adjusted EBITDA loss for the quarter stemmed from non-cash accounting charges, including unrealized losses on digital assets and stock-based compensation totaling $368.7 million and $11.8 million respectively.
- Interim CEO Kevin McGurn emphasized the company's "strong balance sheet and positive operating cash flow," citing $17.9 million in cash provided by operating activities for the first quarter.
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ledauphine.comReposted by 
estrepublicain.fr
estrepublicain.frDonald Trump's network parent, Truth Social, reported losses of $406 million in the first quarter of 2026, driven by its investment in cryptocurrency.
The media group linked to the U.S. President has been hit by the fall of cryptocurrency, in which he has invested massively in recent months.
·Paris, France
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Truth Socials moderbolag redovisar en nettoförlust på över 400 miljoner dollar under det första kvartalet – i huvudsak till följd av forces fallande kryptovalutakurser.
·Stockholm, Sweden
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Coverage Details
Total News Sources26
Leaning Left6Leaning Right6Center5Last UpdatedBias Distribution35% Left, 35% Right
Bias Distribution
- 35% of the sources lean Left, 35% of the sources lean Right
35% Right
L 35%
C 30%
R 35%
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