Trump Media reports $409.7 million Q3 profit fueled by digital asset gains
Trump Media and Technology Group posted a $409.7 million net profit in the third quarter of 2026, reversing year-ago losses behind substantial gains on its $1.31 billion bitcoin treasury.
Trump Media and Technology Group reported a net income of $409.7 million for the third quarter of 2026, rebounding from a net loss of $54.8 million during the same quarter a year earlier. The swing to profitability was driven by $496.1 million in total non-cash gains on digital assets, pledged digital assets, and equity securities, which included a $378.1 million gain recorded on digital asset holdings, partially offset by a $54.0 million loss on derivatives.[1][2][4][5]
The company held 15,649.14 BTC worth approximately $1.31 billion at the end of September, up 35.4% from the second quarter, according to its Form 10-Q filing. Trump Media held 4,263.94 BTC directly and pledged 11,385.20 BTC as collateral for covered options trades intended to generate yield. Nearly all of the directly held balance, or 4,260.73 BTC, secures $1 billion of convertible notes that holders can require the company to repurchase for cash on Nov. 30. The company also maintained an unchanged balance of 756.1 million Cronos tokens, valued at $50.3 million.[4][6][7]
Despite paper crypto gains, underlying operations remained in the red. Unchained calculated an operating loss of roughly $23.6 million after stripping out the digital asset gains, while adjusted EBITDA showed a $12.3 million loss. Net revenue surged 205% year-over-year to $3.0 million, supported by $1.8 million from subscriptions—including the Truth API data feed and Truth+ streaming—and $164,000 in management fees from Truth.Fi exchange-traded funds.[3][4][5]
Key facts
- Trump Media reported $409.7 million in Q3 2026 net income, reversing a $54.8 million net loss from the third quarter of 2025.
- The company recorded a $378.1 million quarterly gain on digital assets and pledged digital assets, contributing to $496.1 million in total non-cash asset gains.
- Trump Media held 15,649.14 BTC valued at $1.31 billion on Sept. 30, 2026, with 11,385.20 BTC pledged as collateral for covered options.
- A total of 4,260.73 BTC secures $1 billion in convertible notes that noteholders can require Trump Media to repurchase for cash on Nov. 30.
- Excluding digital asset gains, Trump Media ran an operating loss of about $23.6 million, alongside an adjusted EBITDA loss of $12.3 million.
- Quarterly revenue grew 205% year-over-year to $3.0 million, led by $1.8 million from subscriptions such as Truth API and Truth+.
Sources · 7 sources
- TB
The BlockArticle ·
Trump Media swings to $410 million profit in Q3, driven by crypto gains Trump Media and Technology Group reported a net income of $409.7 million in Q3, compared with a net loss of $54.8 million a year earlier.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Trump Media and Technology Group, the company behind Truth Social, reported a net income of $409.7 million in Q3 compared with a net loss of $54.8 million a year earlier. $DJT A bulk of its profits came from non-cash realized and unrealized gains on digital assets, pledged digital assets, and related securities. It held roughly 15,649 BTC at the end of September.
Open source - TE
TechmemeArticle ·
Trump Media reports $409.7M in Q3 profit fueled by digital asset gains, up from a $54.8M loss YoY, and $3M sales, with $1.8M from subscriptions like Truth API (Elias Schisgall/Wall Street Journal) Elias Schisgall / Wall Street Journal : Trump Media reports $409.7M in Q3 profit fueled by digital asset gains, up from a $54.8M loss YoY, and $3M sales, with $1.8M from subscriptions like Truth API — The parent of Truth Social reported a profit of $409.7 million in the third quarter — Trump Media & Technology Group …
Open source - UN
UnchainedArticle ·
Bitcoin Gains Lift Trump Media to a Q3 Profit as Operations Lose $23.6 Million Truth Social’s parent company reported $409.7 million in third-quarter net income, a figure built on bitcoin and bitcoin-linked securities that rose in value while its own operations lost about $23.6 million , by Unchained’s calculation. In its quarterly 10-Q filing , Trump Media & Technology Group (DJT) recorded a $378.1 million gain on digital assets and pledged digital assets for the three months ended Sept. 30. The filing counts that gain inside operating costs. Unchained’s operating-loss figure takes it out, using the filing’s results table. In the same quarter of 2025, the company posted a net loss of $54.8 million. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Most of the Bitcoin Is Pledged Note 4 of the filing lists 4,263.94 BTC held directly and 11,385.20 BTC pledged as collateral for covered options, which are options backed by coins the company already owns. That adds up to 15,649.14 BTC , worth about $1.31 billion at quarter’s end. The options counterparty can rehypothecate, or reuse, the pledged coins. Trump Media said in the 10-Q that it trades these options “to generate yield on these assets and increase our principal balance of bitcoin.” Nearly all of the directly held coins, 4,260.73 BTC, secure the company’s $1 billion of convertible notes. Holders of those notes can require Trump Media to buy them back for cash on Nov. 30. The company bought 6,359.15 BTC in the first nine months of 2026. It still holds the same 756.1 million Cronos (CRO) tokens it owned at the end of 2025, now valued at $50.3 million, down from $68.0 million. Most of them sit under a sale lock-up that fully lifts in August 2029. Gains Beyond Bitcoin The company’s results release put non-cash gains on digital assets, pledged digital assets and equity securities at $496.1 million in total. The 10-Q shows the stock side: $98.3 million of unrealized and $19.7 million of realized gains on equity securities, partly offset by a $54.0 million loss on derivatives. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, a measure outside standard accounting rules, known as non-GAAP, that strips out those gains) was a $12.3 million loss , narrower than the $29.1 million loss a year earlier. Revenue rose 205% to $3.0 million . The filing credits most of the increase to subscriptions for Truth API, a paid feed of Truth Social posts launched Aug. 1, and the Truth+ streaming service, along with higher advertising and $164,000 of management fees from the company’s Truth.Fi exchange-traded funds. “We’ve remained committed to capitalizing on our business fundamentals, and that focus is paying off,” Interim CEO Kevin McGurn said in the release. TAE Merger Vote Set The SEC declared Trump Media’s merger registration with TAE Technologies effective on Nov. 5, and shareholders will vote on the deal at a special meeting on Dec. 14. Under the merger agreement, TAE would become a wholly owned subsidiary of Trump Media, and the 10-Q says the combined company would develop and commercialize TAE’s fusion energy technology. The company expects the merger to close in the fourth quarter. In October, TAE borrowed the remaining $100 million available under its convertible note from Trump Media. Related Listen: Weekly Recap: Tether Eyes U.S. Stablecoin, Wall Street Embraces Tokenization The post Bitcoin Gains Lift Trump Media to a Q3 Profit as Operations Lose $23.6 Million appeared first on Unchained .
Open source - CP
Crypto Patel@CryptoPatelPost on X ·
TRUMP MEDIA POSTS $409.7M PROFIT, DRIVEN BY BITCOIN GAINS Trump Media ($DJT) reported $409.7M in Q3 2026 net income, reversing last year’s $54.8M loss. 🔹 Holds 15,649 $BTC. 🔹 Revenue surged 205% to $3M. 🔹 Core business still posted a $12.3M adjusted EBITDA loss. https://t.co/S6EnT2k0rY
Open source - LS
Laura Shin@laurashinPost on X ·
Trump Media held 15,649.14 BTC on Sept. 30, per its 10-Q, with 11,385.20 BTC pledged as collateral for covered options that a counterparty can reuse. https://t.co/od8AtzhBZe
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 LATEST: Trump Media held 15,649 $BTC worth $1.31B at Q3 2026 end, up 35.4% from Q2. It pledged 73% as collateral for options trades. Its 756.1M $CRO holdings stayed flat. https://t.co/cGVihxKoVb
Open source