US President Donald Trump’s media company, Trump Media & Technology Group (TMTG), released its second-quarter earnings report on Friday. The company generated $883,300 in net sales for the quarter, a 5.5% increase from last year.
Despite this growth, TMTG reported a net loss of $20.0 million, primarily due to non-cash expenses totaling $20.5 million. However, interest income and investment income helped offset some of these costs, contributing to a net operating loss of $43.5 million.
The company’s financial position improved significantly in the quarter, with cash reserves growing to approximately $3.1 billion. This represents an 800% year-over-year increase. TMTG attributes its success to its low operating costs and low cash burn rate, which it claims will enable it to pursue expansion plans.
A major factor contributing to this growth was a successful private placement offering that raised nearly $2.4 billion for the company’s Bitcoin treasury strategy. This has given TMTG one of the largest Bitcoin treasuries among public firms.
As of February 2025, President Trump owned 114.75 million shares of TMTG, representing 52% of total outstanding shares. However, his stake in the company has declined by around 50% year-to-date.
The company also reported $15.0 million in legal costs due to its 2024 merger with Digital World Acquisition Corp. TMTG is working to resolve these litigation matters and believes a positive outcome could significantly impact future financial results.
TMTG’s platforms, including Truth Social and Truth+, have attracted significant attention. The company is also launching Truth.Fi, a financial services brand incorporating “America First” investment vehicles.
Source: https://variety.com/2025/digital/news/trump-truth-social-tmtg-q2-2025-earnings-1236477039