Trump Media & Technology Group Corp. (DJT) share price slipped 0.3% after-hours after the Truth Social company reported a $238.1 million loss for the second quarter of 2026, driven largely by markdowns on its cryptocurrency holdings and investment portfolio.
However, revenue metrics were strong, with the parent company of Truth Social posting an 89% increase in revenue compared to the same period last year. Management pointed to a solid balance sheet containing $2 billion in total assets and detailed ongoing efforts to diversify the enterprise into data licensing and clean energy infrastructure.
Crypto Swings Weigh On Bottom Line
The vast majority of DJT’s $238.1 million quarterly loss stemmed from non-cash accounting items rather than direct operational burn.
Unrealized losses on digital assets, pledged tokens, and equity securities accounted for $190.4 million of the shortfall. Additional non-cash line items included $11.7 million in accreted interest and $8.1 million in stock-based compensation.
“Our operating expenses are largely impacted by the price volatility of digital assets,” Chief Financial Officer Phillip Juhan said during the company’s first-ever earnings call.
Despite these headline losses, Trump Media maintains significant liquidity. The firm closed the quarter holding approximately $1.9 billion in financial assets, and operational cash usage stood at $13.7 million for the quarter, which included $25.6 million in legal payments tied to legacy litigation.
Truth API Aids Revenue
Quarterly revenue rose to $1.7 million, up from $0.9 million recorded in the second quarter of 2025, most of it coming through ad services on Truth Social.
