Trump Media Posts $406M Q1 Loss, Cites Digital Asset Write-Downs
Trump Media & Technology Group reported a net loss of $405.9 million in the first quarter of 2026. Net sales rose six percent year-on-year to about $871,200. An adjusted EBITDA loss of $387.8 million was driven largely by non-cash accounting items, including unrealised writedowns on digital assets, pledged assets and equity securities. These non-cash losses totalled roughly $368.7 million, with accreted interest and stock-based compensation adding to the shortfall. Following these results, the company appointed Kevin McGurn as CEO, replacing Devin Nunes. Despite the loss, Trump Media still holds about $2.2 billion in financial assets and generated $17.9 million in positive operating cash flow.
Use The App To Win ₦1m
Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.