Trump Media and Technology Group reported a net loss of nearly $406 million on revenue of just over $870,000 for the first quarter of 2026, according to financial filings. Net sales rose 6% year over year, the filings showed.

The quarterly loss included $368 million of unrealized losses on digital assets, digital assets pledged, and equity securities, the company said in a press release. The company also recorded $11.5 million in accreted interest losses and $11.8 million in stock-based compensation losses.

The unrealized losses on digital assets followed the company's $3.5 billion purchase of bitcoin in 2025, when it announced plans to establish a "bitcoin treasury." Bitcoin's value has dropped by about a third since those purchases. The company was created after Trump's bans from Twitter, now known as X, and Facebook in 2021. Truth Social functions as a primary communications channel for Donald Trump.

"We are using our strong balance sheet and positive operating cashflow to continue growing all our businesses and platform infrastructure," Trump Media and Technology Group Interim Chief Executive Officer Kevin McGurn said in the press release.

Five months before reporting its first-quarter 2026 results, the company announced plans to merge with TAE Technologies in a $6 billion deal. TAE Technologies aims to power artificial intelligence data centers using nuclear fusion, a process that has not yet produced more energy than it takes to create.

"Even as we work toward advancing our proposed merger with TAE Technologies as quickly as possible, we're identifying new growth opportunities and new ways to increase shareholder value," McGurn said.