Trump Media’s Q1 Revenue Tiny, $406M Loss Fueled by Non-Cash Write-Downs
Trump Media & Technology Group, operator of Truth Social, reported Q1 2026 net sales of about $871,000 (up 6% YoY) and a $405.9 million net loss, with a $387.8 million adjusted EBITDA loss, driven largely by non-cash charges including unrealized digital-asset losses, asset pledges, accreted interest, and stock-based compensation. The company also posted a $17.9 million positive cash flow from operations and said it is pursuing growth initiatives, including expanding Truth Social and advancing its merger with TAE Technologies.