A significant portion of the company's Bitcoin was encumbered during the quarter. As of June 30, the company had encumbered 4,260.73 BTC as security against convertible notes, with an additional 2,077.34 BTC serving as collateral for its Bitcoin options strategy.

Revenue for the quarter reached $1.67 million, up 89% from $883,000 in the same period a year earlier. The increase came from advertising services tied to a barter agreement, subscriptions to the Truth+ streaming service, and management fees from Truth.Fi exchange-traded fund offerings.

The company's Adjusted EBITDA loss, a non-GAAP measure, was $223.5 million for the quarter. Trump Media said the bulk of that figure consisted of non-cash items, including unrealized losses on digital assets and equity securities totaling $190.4 million, accreted interest of $11.7 million, and stock-based compensation of $8.1 million. Cash used in operating activities was $13.7 million, including $25.6 million in legal expenses tied to legacy litigation.

Trump Media ended the quarter with total assets of $2.0 billion, with roughly $1.9 billion of that in financial assets including cash, short-term investments, equity securities, digital assets, and related holdings.

Those earnings landed shortly after Trump Media, Crypto.com, and Yorkville Acquisition announced they were walking away from a planned joint venture — Trump Media Group CRO Strategy — that would have created a publicly listed vehicle for accumulating a sizable Cronos treasury, with the parties pointing to "prevailing market conditions and shifting business and stakeholder priorities" as the reason, according to CoinDesk.

Interim Chief Executive Officer Kevin McGurn said in a statement that the company has "refined" its approach to capital allocation and is making progress toward a proposed merger with energy company TAE Technologies, which Trump Media expects to complete in the fourth quarter of 2026.