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Get filing alertsTrump Media reports $238M Q2 loss on unrealized asset marks, launches Truth API product
Filed August 10, 2026 · Period ending August 10, 2026 · ~1 min read
Key Changes
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high
$238M net loss driven by $190M unrealized losses on digital/equity securities, $12M accreted interest, $8M stock comp; revenue up 89% YoY to $1.7M from $0.9M
Exhibit 99.1 view on EDGAR → -
high
TAE Technologies merger expected to close Q4 2026 subject to regulatory approvals; CEO calls it most important driver of long-term shareholder value
Exhibit 99.1 view on EDGAR → -
medium
Launched Truth API data licensing product Aug 1, onboarded institutional customers pre-launch, generating revenue with 10+ customer agreements signed
Exhibit 99.1 view on EDGAR → -
medium
Substantially resolved legacy legal matters; expects material decline in legal expenses going forward after $25.6M in Q2 legal costs
Exhibit 99.1 view on EDGAR → -
medium
Ended Q2 with $2.0B total assets including $1.9B financial assets (cash, investments, digital assets); used $13.7M cash in operations
Exhibit 99.1 view on EDGAR →
Summary
Trump Media reported a $238 million net loss for Q2 2026, though the vast majority was non-cash: $190 million in unrealized losses on digital and equity securities, $12 million in accreted interest, and $8 million in stock-based compensation.
Revenue grew 89% year-over-year to $1.7 million from $0.9 million, but the company burned $13.7 million in operating cash, including $25.6 million in legal expenses tied to legacy litigation. The company ended the quarter with $2.0 billion in total assets, including $1.9 billion in financial assets.
On the product front, Trump Media launched Truth API on August 1, its first data licensing product offering institutional customers low-latency access to public posts from top Truth Social accounts. The company has signed more than ten customer agreements and is generating revenue. Management also disclosed substantial resolution of legacy legal matters, which should materially reduce the legal expenses that have weighed on G&A costs. The company expects to close its merger with TAE Technologies in Q4 2026, subject to regulatory approvals, which CEO McGurn characterized as the most important driver of long-term shareholder value.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Trump Media disclosed Q2 2026 financial results via press release, referencing non-GAAP measures with GAAP reconciliation.
Added in current filing · verify on EDGAR →
On August 10, 2026, Trump Media & Technology Group Corp. (the “Company”) issued a press release announcing its financial and operating results for the quarter ended June 30, 2026.
The company disclosed its second quarter 2026 financial and operating results through a press release. The 8-K body itself does not contain the actual financial figures — those appear in the attached Exhibit 99.1 press release, which is furnished but not filed.
Added in current filing · verify on EDGAR →
Trump Media & Technology Group Corp. refers to non-GAAP financial information in the press release. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.
The company uses non-GAAP financial measures in its earnings disclosure and provides GAAP reconciliations in the press release. The specific non-GAAP metrics and reconciliation details are in Exhibit 99.1, not in the 8-K body.
Event · Exhibit 99.1
Trump Media reports Q2 2026 results: $238M net loss, $1.9B financial assets, launches Truth API product, resolves legacy litigation.
Added in current filing · view on EDGAR →
The Company reported a $238.1 million net loss and a $223.5 million Adjusted EBITDA* loss for the second quarter of 2026, the vast bulk of which was non-cash losses including unrealized losses on digital assets, digital assets pledged, and equity securities ($190.4 million), accreted interest ($11.7 million), and stock based compensation ($8.1 million), along with its $1.9 billion in financial assets and $13.7 million of cash used in operating activities—including $25.6 million of legal expenses, primary related to legacy litigation. The Company posted $1.7 million in revenue, up 89 percent from the $0.9 million in revenue generated in the second quarter of 2025.
Trump Media reported a $238.1 million net loss for Q2 2026, driven primarily by $190.4 million in unrealized losses on digital and equity securities, $11.7 million in accreted interest, and $8.1 million in stock-based compensation. Revenue increased 89% year-over-year to $1.7 million from $0.9 million in Q2 2025. The company used $13.7 million cash in operations, including $25.6 million in legal expenses related to legacy litigation.
Added in current filing · view on EDGAR →
On August 1, 2026, the Company launched its first data licensing product—Truth API, a business-to-business data feed subscription that provides licensed, low latency access to publicly-available posts from certain top Truth Social accounts and is expected to provide the Company with a new revenue stream. Truth API closes the latency gap for organizations that place a premium on prompt, verified access to public information found on Truth Social. TMTG onboarded a number of institutional customers prior to its August 1, 2026, launch and, despite receiving what it believes to be factually inaccurate criticism of Truth API, is continuing to onboard additional partners.
Trump Media launched Truth API on August 1, 2026, its first data licensing product offering business-to-business subscriptions for low-latency access to public posts from top Truth Social accounts. The company onboarded institutional customers before launch and continues adding partners despite criticism. CEO McGurn stated the product is already generating revenue, with more than ten customer agreements signed to date.
Added in current filing · view on EDGAR →
completing its prospective merger with TAE Technologies, Inc. (“TAE”) in the fourth quarter of 2026, subject to customary regulatory and closing conditions
Trump Media disclosed it expects to complete its merger with TAE Technologies in Q4 2026, subject to regulatory approvals and closing conditions. CEO McGurn called this the most important driver of long-term shareholder value and a natural extension of the company's commitment to building durable, un-cancellable infrastructure, this time in energy security. The company will file a registration statement on Form S-4 with the SEC in connection with the transaction.
Added in current filing · view on EDGAR →
As part of management’s efforts to streamline TMTG’s strategic vision and focus resources on growth initiatives, the Company has substantially resolved its legacy legal matters. Consequently, the Company expects the significant legal expenses that have represented a large portion of its general and administrative costs to begin to decline materially on a go-forward basis, allowing management to create a leaner operating structure and devote greater resources toward strategic growth initiatives.
Trump Media has substantially resolved its legacy legal matters, which had driven significant legal expenses representing a large portion of general and administrative costs. The company expects these legal expenses to decline materially going forward, enabling a leaner operating structure and reallocation of resources to growth initiatives. Q2 2026 included $25.6 million in legal expenses primarily related to legacy litigation.
Added in current filing · view on EDGAR →
TMTG closed the second quarter of 2026 with total assets of $2.0 billion and financial assets* of approximately $1.9 billion comprising cash, restricted cash, short-term investments, equity securities, note receivable and accrued interest, digital assets, and digital assets pledged.
Trump Media ended Q2 2026 with total assets of $2.0 billion, including approximately $1.9 billion in financial assets consisting of cash, restricted cash, short-term investments, equity securities, notes receivable and accrued interest, digital assets, and pledged digital assets. The company stated it is implementing a more disciplined digital asset treasury management framework to preserve long-term strategic exposure while managing volatility and improving the productivity of its balance sheet.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 11, 2026 · How we verify