Topline
Trump Media’s stock fell more than 8% on Monday shortly before the company reported its second quarter earnings, which revealed its latest net loss for the year.
Key Facts
Trump Media closed down 8% at $9.39, erasing two weeks worth of gains made by the company’s stock.
Shares slid down a fraction of a percent in after-hours trading, as Trump Media reported a $238.1 million net loss for its latest quarter and $1.7 million in sales.
The company attributed $190.4 million worth of the losses to unrealized losses on digital assets and equity securities.
Trump Media reported $2 billion in total assets, nearly all of which was made up of cash, investments, equity securities and digital assets.
Trump Media holds hundreds of millions of dollars worth of bitcoin and cronos cryptocurrency, with the company recording $218 million in unrealized bitcoin losses and $27.4 million in unrealized cronos losses as both assets have fallen consistently since the start of the year.
Trump Media shares are still well above their low for 2026, which was reached in July when the stock fell to about $7 per share.
The company did not introduce any new revenue drivers during its second quarter, meaning it will continue relying on limited advertising revenue.
Forbes Valuation
We estimate President Donald Trump’s net worth at $6.4 billion, falling nearly $100 million Monday. Trump’s stake in the company is worth about $1 billion.
What To Watch For
Trump Media launched Truth API on Aug. 1, meaning the company’s next earnings report may reveal how well the service bolsters its limited revenue streams. The service provides early access to posts from high-ranking Truth Social accounts, including Trump’s, for a reported cost of as much as $100,000 a month.
Key Background
Trump Media shares have fallen 30% since the start of the year and roughly 80% since the company went public in early 2024, debuting at $70.90 per share on the Nasdaq. The company lost $712 million in 2025, more than half of which was due to unrealized losses and digital asset investments. Advertising raked in $3.7 million that same year for Trump Media, which is the parent company of Truth Social. The alternative social media platform championed by the president has faced a 36% decline in monthly visitors from a year ago, The New York Times reported, citing analytics firm SimilarWeb. Truth Social averaged 28 million monthly visits in the first seven months of 2025, the Times added.
Trump’s Truth Social Won’t Be Its Own Company Anymore, Parent Firm Says (Forbes)
Trump Media’s Nearly 50% Rally Adds $600 Million To President’s Net Worth (Forbes)
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