Trump Media reports $406M Q1 loss, hit by $244M Bitcoin writedown amid minimal revenue growth.

Trump Media & Technology Group posted a massive $405.9 million net loss in Q1 2026, driven largely by a $244 million unrealized loss on its Bitcoin holdings and $108.2 million in other investment losses. Despite a slight 6% revenue increase to $871,200, the company’s financial health deteriorated sharply, with shares down over 90% from their 2022 peak. The Bitcoin portfolio, originally valued at $1.13 billion, dropped to $647 million by quarter-end. Former CEO Devin Nunes resigned in April, and the company has yet to name a successor. Operational cash flow was positive due to options strategies on Bitcoin assets, but the firm faces ongoing challenges in its media and crypto ventures.