Trump Media posts $410M profit, but crypto hides an operating loss
The company reported $496.1 million in combined digital-asset, pledged-digital-asset and equity gains, while adjusted EBITDA remained negative. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Trump Media & Technology Group reported $409.7 million in net income for the third quarter of 2026, saying most of it reflected non-cash items, as gains on digital assets and equity securities drove the result.
The company announced the results for the quarter ended Sept. 30 in its Nov. 9 earnings release, furnished with a Form 8-K. It reported combined net realized and unrealized gains on digital assets and pledged digital assets and equity securities of $496.1 million.
Trump Media reported $3 million in quarterly revenue and a $12.3 million loss in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).
The release's reconciliation and accompanying quarterly filing separately identify $378.1 million in realized and unrealized gains on digital assets and digital assets pledged, namely Bitcoin and Cronos.
The 10-Q breaks the digital asset line into about $200.8 million in unrealized gains on pledged digital assets, $107.5 million in unrealized gains on digital assets, and $69.9 million from derecognition of digital assets.