Overview
- Trump Media and Technology Group reported Friday that first‑quarter sales were $871,200 with a $405.9 million net loss and a $387.8 million adjusted EBITDA loss.
- The company said most of the loss came from non‑cash items such as unrealized declines on digital assets and equity securities, plus accreted interest and stock‑based pay.
- Executives highlighted $2.2 billion in total assets and about $2.1 billion in cash, investments, and other financial holdings, with $17.9 million in positive operating cash flow for the quarter.
- Following last month’s exit of CEO Devin Nunes, the board installed Kevin McGurn as interim chief, who said the team will push new features for Truth Social and Truth+ and pursue growth.
- The company said it is progressing on an all‑stock merger with fusion firm TAE Technologies targeted for mid‑2026, while shares of DJT are down about 35% this year with a market value near $2.47 billion.