Trump Media Reports Net Income of $409,749.6 Thousand in Third Quarter
Key Facts
Trump Media & Technology Group reported net income of $409,749.6 thousand in the third quarter of 2026, compared with a net loss of $54,848.5 thousand in the same period a year earlier, according to its filing with the U.S. Securities and Exchange Commission. The company attributed most of the income to realized and unrealized net gains on digital assets, staked digital assets and securities. These gains totaled $496.1 million, partly offset by losses on derivatives of $54.0 million. These non-cash items account for a major part of the shift from a loss to a profit in the quarterly results. By contrast, the company’s revenue remained limited at $3.0 million during the quarter.
The company recorded realized and unrealized gains of $378,134.3 thousand on digital assets and staked digital assets in the third quarter, after recording a loss of $16,204.6 thousand in the corresponding quarter of 2025. The shift shows how the valuation of digital assets contributed substantially to the difference in quarterly results between the two periods. The figure includes staked digital assets alongside other digital assets, according to the quarterly report’s income statement. The company also disclosed derivative losses of $54.0 million, which partly reduced the impact of gains on assets and securities. Reported earnings therefore came in a quarter when the value of these items improved substantially compared with the previous year.
At the level of its commercial operations, quarterly revenue rose to $3.0 million, up 205% from $1.0 million in the third quarter of 2025. The company said the increase was driven mainly by $1.8 million in higher subscriptions in its media segment, supported by its Truth API and Truth+ services. It also cited $0.2 million in management fees from Truth.Fi exchange-traded fund products. The company said Truth API, its first data-licensing product, launched on August 1, 2026. Reuters reported that growth in data licensing through Truth API supported the increase in revenue, while total quarterly revenue remained at $3.0 million.
Legal fees fell to $2.4 million in the third quarter of 2026 from $20.3 million in the same period a year earlier, following the settlement of prior legal matters. The company said operating expenses resulted in an adjusted loss before interest, taxes, depreciation and amortization of $12.3 million. In the nine months ended September 30, 2026, the company used $28.4 million in cash in operating activities, attributing this mainly to legal expenses related to prior matters that had been closed. At the end of September, total assets stood at $2.5 billion, while financial assets were close to $2.3 billion. These figures put cash flows and asset levels in the context of quarterly profit, which was affected by asset valuation gains.
For the first nine months of 2026, Trump Media recorded a net loss of $234,245.6 thousand, despite the profit posted in the third quarter. Revenue for the period was $5,508.0 thousand, compared with $2,677.4 thousand in the same period of 2025. The company attributed the revenue increase mainly to growth in its media segment, including Truth API and Truth+. The comparison between the quarterly result and the cumulative result highlights a clear difference between the performance of the standalone quarter and the outcome for the nine months. Annual revenue growth also remained substantial in percentage terms, while the revenue base remained limited, according to the figures in the filing.
The company’s shares, which trade under the ticker DJT, closed at $4.06 on November 9, 2026, according to EL7 data. The board had included the proposed merger with TAE Technologies in its plans for the fourth quarter of 2026, subject to regulatory and closing conditions and shareholder approval. The company announced that the Securities and Exchange Commission had declared the merger registration statement effective on November 5. A special shareholder meeting is scheduled for December 14, 2026, to vote on matters related to the merger. Completion of the deal, targeted for the fourth quarter, remains subject to meeting the requirements and securing the necessary approvals.