Trump Media’s Massive Losses: The Numbers Behind the Collapse
Trump Media & Technology Group, the parent company of Truth Social, reported a net loss of $400.9 million for the full year of 2024, even though it only made $3.6 million in sales, a 12% drop from the previous year.
Much of the bleeding came from huge legal costs (related to its long SPAC merger), heavy administrative expenses, and $107 million in stock-based compensation. Still, the company ended the year with $777 million in cash and short-term investments, which it says will fuel plans to build out its ecosystem, launching its Truth+ video streaming, a FinTech brand (Truth.Fi), and payment infrastructure.
But the pain didn’t stop there: in Q3 2025, it recorded another $54.8 million loss, even as it amassed a large cryptocurrency treasury. The financials paint a sobering picture — despite the hype and strong backing, Trump Media is burning cash fast, and its business model still seems far from sustainable.
