Trump Media $DJT swings to $409.7M profit as crypto gains overshadow operating losses

Trump Media & Technology Group $DJT reported a $409.7 million net profit for the third quarter of 2026, reversing a $54.8 million loss a year earlier, according to its latest financial filing.
The turnaround was driven largely by investment gains rather than its core media operations. The company recorded $496.1 million in net gains from digital assets and equity securities, including unrealized gains.
Quarterly revenue rose 205% year over year to approximately $3 million, supported by subscriptions to Truth+ and its new Truth API data service.
Despite the headline profit, Trump Media reported an adjusted EBITDA loss of $12.3 million, highlighting the gap between investment-related earnings and underlying business performance.
The company also held approximately 15,649 $BTC at the end of September, with a substantial portion pledged to a Bitcoin yield management program.
Trump Media is meanwhile pursuing its proposed $6 billion merger with fusion energy company TAE Technologies, expanding its ambitions beyond social media and digital assets.
The results highlight how cryptocurrency holdings can significantly influence corporate earnings, even when the underlying business remains unprofitable.