Overview
- Trump Media & Technology Group, in a Friday filing, reported a $405.9 million first‑quarter net loss on $871,200 in revenue.
- The company said $368.7 million of the hit came from unrealized markdowns on digital assets and equity holdings, meaning paper losses recorded under accounting rules.
- Its crypto stack included about 9,542 bitcoin and 756 million Cronos tokens that lost value during the quarter.
- TMTG ended the quarter with $2.2 billion in total assets and generated $17.9 million in operating cash flow for a fourth straight quarter.
- Leadership shifted in April with Kevin McGurn named interim CEO after Devin Nunes resigned, and the firm is working toward an all‑stock merger with TAE Technologies targeted for mid‑2026.