Trump Media & Technology Group Corp., the parent company of Truth Social, reported its first quarterly profit since going public with gains from cryptocurrency and other virtual assets contributing to the turnaround. The company recorded a net income of $409.70 million for the three months ended September 2026, as against a net loss of $54.80 million in the corresponding period last year. The profit was driven mainly by gains from cryptocurrencies and other virtual assets held by the company, according to a Bloomberg report.
Crypto Holdings Drive Trump Media’s Quarterly Profit
The gains from virtual assets helped Trump Media turn profitable during the September quarter. The company has also been expanding its operations beyond social media and moving into financial products.
Trump Media was set up by US President Donald Trump after he was banned from Twitter following the January 6, 2021, attack on the US Capitol. It is also pursuing a merger with nuclear fusion company TAE Technologies and expects the transaction to close before the end of 2026.
Revenue Triples To $3 Million
Trump Media reported revenue of $3 million for the September quarter, three times the amount recorded a year earlier. The increase was primarily supported by $1.80 million in subscription growth in its media business. This includes Truth API, a service that allows customers to pay for faster access to Trump’s social media posts.
Meanwhile, Trump Media shares have fallen nearly 70 per cent since the beginning of the year. The stock also declined 25 per cent the day after the US mid-term elections, when Democrats recaptured majorities in both chambers of the US Congress.
Despite the decline in its share price, Trump’s stake in Trump Media was valued at $466 million, according to the Bloomberg Billionaires Index. He remains the company’s largest shareholder through a trust controlled by his eldest son.
Trump’s Wider Crypto Ventures
Trump Media’s exposure to digital assets comes as the US President and his family has also been involved in other cryptocurrency ventures. A calculation based on income entries in Trump’s 2025 annual financial disclosure, filed with the US Office of Government Ethics, puts his crypto-related income at more than $1.40 billion for the year.
The disclosure includes income linked to World Liberty Financial, a crypto venture co-founded by Trump and his sons, as well as the $TRUMP meme coin. The filing covers 2025, Trump’s first full year back in office.
