Trump Media Group Reports $406 Million Q1 Loss Amid Crypto Price Decline

Trump Media & Technology Group (TMTG) released its financial report for the first quarter of 2026, revealing a net loss of $405.9 million. The company attributed the significant loss to non-cash losses on digital assets and equity securities, which totaled $368.7 million. This figure accounted for almost the entire shortfall.

The TMTG's crypto treasury, valued at $821.9 million, is showing signs of distress due to falling Bitcoin prices. According to CoinGecko data, the company holds 9,542 Bitcoin (BTC) worth $767 million, acquired at an average cost of $118,529 per coin. However, this position is roughly $423.06 million underwater overall.

Despite the significant losses, TMTG's total assets reached $2.2 billion, nearly tripled from a year earlier. The company generated just $0.9 million in revenue and posted operating cash flows of $17.9 million, marking its fourth straight positive quarter.