Key facts
- Trump Media recorded $496.1 million in realized and unrealized gains on digital assets, pledged crypto and equity securities.
- Digital assets and pledged coins accounted for $378.1 million of the gains; securities added $118 million.
- Trump Media held approximately 15,649 Bitcoin at quarter-end, including around 11,385 coins pledged to a returns program.
- Revenue rose 205% to $2.97 million from about $973,000 a year earlier.
- Trump Media posted a $234.2 million net loss for the first nine months of 2026.
- Shareholders are scheduled to vote December 14 on a $6 billion merger with TAE Technologies.
Trump Media & Technology Group reported a $409.7 million third-quarter profit on Monday, November 9, 2026, a turnaround from a $54.8 million loss a year earlier. The company generated just $2.97 million in revenue during the three months ended September 30, according to its SEC filing.
Most of the profit came from the rising value of its crypto holdings and related investments. Trump Media recorded $496.1 million in realized and unrealized gains on digital assets, pledged crypto and equity securities, according to its earnings release. Digital assets and pledged coins accounted for $378.1 million of those gains, with securities adding another $118 million. Much of that was an accounting gain, as assets rose in value even when the company had not sold them for cash.
Chief Financial Officer Phillip Juhan said on the earnings call that Bitcoin rose about 42% during the quarter, from roughly $59,000 at the end of June to $84,000 at the end of September. Trump Media held approximately 15,649 Bitcoin at quarter-end, including around 11,385 coins pledged to a program designed to generate additional returns. Some of those assets are subject to arrangements allowing the counterparty to reuse the coins, according to the filing.
The company expanded into crypto in July 2025, purchasing about $2 billion in Bitcoin and related securities. That decision has tied its earnings closely to changes in digital-asset prices. In the second quarter of 2026, Trump Media lost $238 million as declining crypto prices hurt its holdings.
Truth Social's underlying business improved from a small base. Revenue increased 205% from about $973,000 a year earlier, supported by subscriptions for Truth+ streaming and Truth API, a paid service that gives customers faster access to posts on the platform. The company also recorded growth in advertising sales and fees from its Truth.Fi funds. Even so, Trump Media reported a $12.3 million adjusted EBITDA loss, compared with a $29.1 million loss a year earlier.
DJT shares traded around $4.20 on Tuesday, November 10, 2026, up about 3.3% on the day but down 94.7% from their $79.38 peak in 2024. The stock has lost nearly 70% this year. Trump Media still posted a $234.2 million net loss for the first nine months of 2026.
The company is pursuing a $6 billion merger with fusion-energy developer TAE Technologies, which shareholders are scheduled to vote on December 14. Before that vote, holders of the company's $1 billion in convertible notes can demand cash repayment on November 30, according to its quarterly filing.