Trump Media Reports $406 Million Q1 Loss Driven by Crypto Markdowns

May 10, 2026

Trump Media & Technology Group, parent company of Truth Social and trading on NASDAQ under ticker DJT, reported a $405.9 million net loss for Q1 2026. The loss was driven by $368.7 million in unrealized losses on digital assets and equity securities, reflecting a sharp fall in cryptocurrency prices. The company also recorded $11.8 million in stock-based compensation and $11.5 million of accreted interest during the quarter.

Q1 financial loss breakdown

▪Trump Media & Technology Group had $11.5 million of accreted interest in Q1 2026.
▪Trump Media & Technology Group's stock-based compensation was $11.8 million in Q1 2026.
▪Trump Media & Technology Group posted a $405.9 million net loss for the first quarter of 2026.
▪Trump Media & Technology Group's Q1 2026 net loss was dominated by non-cash losses.

Cryptocurrency markdown impact

▪Trump Media & Technology Group's Q1 2026 loss was driven almost entirely by a sharp fall in cryptocurrency prices.
▪Trump Media & Technology Group's unrealized losses on digital assets and equity securities reached $368.7 million in Q1 2026.