CryptoSlate
Trump Media & Technology Group reported $409.7 million in third-quarter 2026 net income, with most of the result reflecting non-cash items. Combined realized and unrealized gains on digital assets, pledged digital assets and equities totaled $496.1 million.
The company's filing identified $378.1 million in gains tied to Bitcoin and Cronos, including $200.8 million in unrealized gains on pledged digital assets and $107.5 million on digital assets. It also reported $69.9 million from derecognition, which removes assets from the balance sheet and should not be read as cash generated during the quarter.
Revenue rose 205% to $3 million, while adjusted EBITDA was a $12.3 million loss. For the first nine months of 2026, Trump Media reported a $234.2 million net loss and used $28.4 million in operating activities.
Frequently asked questions
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How much of Trump Media's gain was tied to Bitcoin and Cronos?
The company identified $378.1 million in realized and unrealized gains on digital assets and pledged digital assets, namely Bitcoin and Cronos.
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Did the digital asset gains all represent cash generated during the quarter?
No. The gains included unrealized gains and $69.9 million from derecognition, which removes assets from the balance sheet and should not be read as cash generated during the quarter.
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How did Trump Media's revenue compare with its adjusted EBITDA?
Third-quarter revenue rose 205% to $3 million, while the company reported a $12.3 million adjusted EBITDA loss.
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Was Trump Media profitable over the first nine months of 2026?
No. Despite its third-quarter profit, Trump Media reported a net loss of approximately $234.2 million for the first nine months of 2026.
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How much cash did Trump Media use in operating activities?
The company said it used $28.4 million in operating activities during the nine months ended September 30, 2026.
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