Trump Media & Technology Group reported a $409.7 million profit for the third quarter of 2026, but the result was driven largely by gains on crypto holdings and other investments rather than revenue from its operating business.
The company recorded $496.1 million in realized and unrealized gains on digital assets, pledged crypto and equity securities, according to its earnings release. Digital assets and pledged coins accounted for $378.1 million, while securities contributed $118 million. Some of those gains reflected assets rising in value rather than sales for cash; derivative losses and other expenses offset part of the total.
Trump Media held approximately 15,649 Bitcoin at September 30, including around 11,385 pledged to a program intended to generate additional returns. Its filing said some pledged coins were subject to arrangements allowing the counterparty to reuse them. Chief Financial Officer Phillip Juhan said Bitcoin rose about 42% during the quarter, from roughly $59,000 at the end of June to $84,000 at the end of September.
Quarterly revenue was $2.97 million, up 205% from about $973,000 a year earlier. The company reported a $12.3 million adjusted EBITDA loss, compared with a $29.1 million loss a year earlier. It had reported a $54.8 million net loss in the year-earlier quarter and remained at a $234.2 million net loss for the first nine months of 2026.
The contrast shows how strongly changes in the value of Trump Media’s holdings affected its reported result that quarter. It does not establish that the same gains will recur.
Original reporting: November 11, 2026, 05:36 (UTC+8). Source: Decrypt.