DJT

Image source: The Motley Fool. Monday, Aug. 10, 2026 at 5:00 p.m. ET General Counsel - Scott Glabe Interim Chief Executive Officer - Kevin McGurn Chief Financial Officer - Phillip Juhan Investor Relations - Jamie Kirchen Operator: Thank you for standing by. My name is John, and I will be your conference operator today. At this time, I would like to welcome everyone to the Trump Media and Technology Group's Earnings Conference Call for the second quarter 2026. [Operator Instructions] I would now like to turn the call over to Scott Glabe, General Counsel. Thank you, sir. Please go ahead. Scott Glabe: Thank you. Good afternoon, and welcome to Trump Media and Technology Group's inaugural earnings call in which we will cover the period ending June 30, 2026. We appreciate everyone joining today. Before we begin, I'd like to remind everyone that certain statements made during today's call constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to our SEC filings for a discussion of these risk factors. Additionally, certain statements may include non-GAAP financial measures. These non-GAAP financial measures should be viewed in addition to and not as a substitute for our reported results prepared in accordance with U.S. GAAP. All non-GAAP financial measures referenced in today's call are reconciled in our earnings release to the most directly comparable GAAP measure. Joining me today are Kevin McGurn, our Interim Chief Executive Officer; and Phillip Juhan, TMTG's Chief Financial Officer. As previously announced, we have collected several frequently asked questions from shareholders and investors in advance of today's call. We will address many of the themes from those questions during our prepared remarks, after which we will address several questions directly. With that, I'll turn the call over to Kevin. Kevin McGurn: Thanks so much, Scott, and good afternoon, everyone. We appreciate you joining us today, and I want to thank our shareholder base for their continued support and confidence in this company. Many of you have told us that you'd like to hear from us more often and in more depth. We hear you. Starting with this call, you should expect an evolving approach on how we communicate as a company. More regular updates, more context around our strategy, and more openness about where things stand. There's a spirit behind today's call, and we intend to keep it up. You'll also have seen a couple of announcements that we made last week involving our Crypto.com partnerships. I'll walk through the thinking behind both in a few minutes because they're a good example of exactly the kind of capital discipline you should expect from us and this team going forward. Today, Phil and I would like to cover 4 things before taking your questions. First, we'll provide an update on our proposed merger with TAE Technologies and why we believe it positions this company for the next decade of our growth. Second, we'll discuss our digital asset treasury strategy and capital management approach, and I'll hand things over to Phil for a review of this quarter's results. Third, we'll walk through the operational progress across our media and technology businesses, including the continued build-out of Truth+ and Truth Social and an early progress on our Truth API product. Fourth, and as I mentioned a moment ago, we want to address how we're evolving our approach to investor communications on a go-forward basis. So let me begin with an update on our proposed merger with TAE Technologies. We continue to make meaningful progress toward the completion of this transaction. Our teams are actively working through the merger process, including completion of TAE's audited financial statements and preparation for the required filings. I know timing is on everyone's mind. While we're not in a position to commit to a specific date today, given the nature of the regulatory process, I can tell you that we are encouraged by the progress being made and remain committed to keeping shareholders informed as we reach meaningful milestones. I also want to take a minute and to explain why we believe this transaction matters as much as it does because it's easy to lose that thread on a day-to-day basis. Over the past several years, we've built our media platform around a simple idea. This company should be uncancelable. We should fully control our media platform around a simple idea, our technology, our own infrastructure, and our own destiny. We believe the same principle extends to energy as the world demands for computer power, AI infrastructure, and data centers increases exponentially over the next decade and beyond, energy security becomes a strategic asset in its own right. We see a combination with TAE and its pioneering work in advanced fusion energy as a long-term bet on that need and a natural extension of the same philosophy that has guided our media and technology strategy, build durable, resilient infrastructure that is independent and on a single party's goodwill. There's another point I'd like to drive home. This transaction offers more than just energy security for our business. It offers a rare chance to play a key role in securing America's energy independence. The race for AI dominance is playing out between the U.S. and China, and continued progress takes enormous amounts of energy. If we can help TAE realize that tremendous advancements they've made in fusion energy, we believe fusion can turbocharge America's energy revolution and deliver our country a significant edge in the AI race. I hope this sheds some light on the strategic rationale for why we prioritized this transaction so highly and why we continue to believe it's the single most important driver of long-term value for this company. And as we've said previously, we continue to target closing this transaction by the end of 2026, subject to the customary regulatory and closing conditions. We were drawn to TAE at a time that we saw was particularly advantageous for a moment for the fusion sector. The commercial time line for fusion energy has been moving up, and valuations across the space have started to reflect that. The next step in this process is the filing of an initial draft registration statement on Form S-4. I encourage shareholders to watch for that filing as a concrete visible sign of progress towards closing. Looking further out, we view the combined business as a conglomerate with fusion energy representing both our largest weighting and our most significant long-term capital opportunity alongside bitcoin and media. As each operating unit develops, we will assess both its strategic and stand-alone monetary value, maintaining flexibility to monetize, separate, or pursue other strategic alternatives where appropriate. Our objective is to allocate capital towards the highest return opportunities while building the financial capacity to advance fusion and maximize long-term shareholder value. Turning to our capital strategy. Before I get into our treasury framework, I want to address 2 related announcements from last week because I think they're directly relevant on how we intend to run this company moving forward. First, we mutually agreed with Crypto.com and Yorkville Acquisition Corp., to terminate the previously announced proposed business combination to establish Trump Media CRO Strategy, Inc., along with the related digital asset treasury structure. Separately, we agreed with those same parties not to move forward with a service partnership covering certain digital asset projects. To be clear, that doesn't affect Yorkville America's America First ETFs, including the Truth Social Funds, which continue uninterrupted. Second, we realigned our approach to prediction markets with Crypto.com. Rather than build a direct technical integration on Truth Social, we're moving into a marketing agreement framework under which Crypto.com's prediction market experience will be marketed to our engaged audience. I want to outline why we made these decisions. As incoming Chief Executive, part of my job is to take a fresh look at everything on our plate and ask whether it's the best use of our capital and our team's time. In both of these cases, given prevailing market conditions and shifting business and stakeholder priorities, we made the disciplined choice to pivot in order to invest more time and resources in our most important initiatives. That's the nimble posture we intend to bring to capital allocation moving forward. We will say no to things or change course as warranted as circumstances evolve. That discipline is exactly what frees up more of our attention and resources for our core priorities: closing our merger with TAE, our treasury framework, and growing our media business. With that context, here's where our treasury framework stands today. During the past quarter, we continued to strengthen how we manage our digital asset treasury. Following a period of reduced trading activity during our leadership transition, we've resumed a more active, disciplined framework focused on diversification, prudent risk management, active hedging, and responsible yield generation. Our objective is straightforward: preserve our long-term strategic exposure while managing volatility and improving the productivity of our balance sheet. Now I'll turn the call over to Phil for a closer look at our capital strategy and this quarter's results. Phillip Juhan: Thanks, Kevin. The company reported second quarter revenue of approximately $1.7 million. That's up 92% sequentially from the first quarter of 2026 and 89% year-over-year from the second quarter of 2025. The revenue growth was driven primarily by barter advertising services on Truth Social, subscriptions to the Patriot Package offered as part of our beta launch of Truth+, and management fees earned from our Truth.Fi ETF offerings. We will continue to develop these nascent revenue streams and new initiatives, including Truth API, which we launched on August 1. Truth API is a business-to-business data feed subscription that provides licensed, low-latency access to publicly available posts from certain top Truth Social accounts. We reported total operating expenses of $165.2 million in the second quarter, down 44% sequentially from the first quarter of '26, but approximately 270% higher year-over-year. Our operating expenses are largely impacted by the price volatility of digital assets. The year-over-year increase was driven almost entirely by the mark-to-market of our digital assets, mostly bitcoin, and higher legal expenses related to legacy litigation from our 2024 SPAC merger. The $116.6 million reported loss on digital assets largely reflects the roughly 13% decline in the price of bitcoin to approximately $58,800 on June 30 from approximately $67,800 on March 31. The legacy litigation expenses should moderate significantly in the coming quarters following the July 2026 resolution of the remaining SPAC-related matters. In addition, we reported an investment loss of $71.8 million in the second quarter, primarily unrealized losses on bitcoin-related securities, down 34% from the first quarter. This reflects a 13% decline in IBIT's closing share price to $33.29 on June 30 from $38.42 on March 31. Note that the year-over-year comparison isn't meaningful here since we were only beginning to build these bitcoin-related security positions late in the second quarter of last year. As a result, net loss was $238 million for the quarter, down 41% sequentially, though up over tenfold from the prior year period for the same reason noted above. Adjusted EBITDA, earnings before interest, taxes, depreciation, and amortization, was a loss of $223.5 million in the second quarter, down 42% sequentially. As with net loss, this was largely driven by non-cash mark-to-market losses on bitcoin and related securities, which totaled $190.5 million for the quarter. We reported net cash used in operating activities of $13.7 million for the first half of 2026 compared to net cash used in operating activities of $7.4 million in the prior year period. That modest increase was due in part to management's decision to pause our digital asset yield strategy as we pivoted to third-party institutional management of our digital treasury. Going forward, we're more likely to record yield income in bitcoin rather than fiat dollars, which could reduce operating cash flow relative to recent quarters. Importantly, we ended the second quarter with $1.9 billion in gross financial assets. That's primarily made up of $215 million in cash, $31 million in restricted cash, $209 million in short-term investments, and $1.2 billion in bitcoin and bitcoin-related assets. Net of debt, our financial assets were approximately $893 million as of June 30. This balance sheet strength gives us the flexibility we need to address the nearly $1 billion in outstanding convertible notes as they come due. As of June 30, we held approximately 9,477 bitcoins, plus approximately 2,077 bitcoins pledged to our BTC yield management program, along with roughly 14.4 million shares of IBIT. In July, we began transitioning IBIT holdings into the BTC yield management program using proceeds from a partial sale to acquire an additional 2,534 bitcoins, consistent with our shift toward a more diversified third-party institutional approach to managing our digital asset treasury. With that, I'll turn it back over to Kevin. Kevin McGurn: Thanks so much, Phil. As you've heard, this quarter reflects a period of transition. While our reported financial results include several items that don't fully reflect the operational momentum underway across the business, our focus hasn't changed. We're executing a long-term strategy designed to build durable shareholder value. One of the most important developments over the past quarter is the continued integration of our media ecosystem. Truth+ is moving out of beta and into broad commercial availability, supported for the first time by marketing for subscriber acquisition, audience development, and advertising growth. At the same time, Truth Social has entered its next phase of development through an expanded content strategy, also supported by growth marketing initiatives. We've introduced vertical video, expanded content acquisition efforts, and begun licensing and developing premium programming designed to increase engagement, broaden our audience and strengthen monetization opportunities. What makes these initiatives particularly exciting is that they're not a stand-alone product. Truth Social and Truth+ are designed as a unified ecosystem built on our uncancelable technology. Short-form mobile content serves as an efficient discovery engine, while premium long-form programming encourages deeper engagement and higher lifetime customer value. Both products share a common technology foundation, a common audience and a common data infrastructure. Together, they create a flywheel where content, users, advertising, subscriptions, engagement and data reinforce one another. Beyond content and subscribers, we're also expanding the monetization of one of our most valuable strategic assets, our proprietary data and technology platform. Today, our opportunity extends well beyond serving customers directly. It also includes providing enterprise-grade services to institutional and eventually retail customers who depend on timely, reliable information and scalable technology infrastructure. To that end, we're strongly encouraged by the early progress we've made with our newest offering, the Truth API product. The product is designed to serve customers such as financial institutions, news and media organizations, and developers of AI and large language model applications. We're also working through an expansion of the Truth API for retail trading. Since announcement, we've onboarded several customers. That said, we want to set expectations appropriately because we know there's been a lot of outside speculation about what this platform is worth. Today, we're in the early innings. To give you a sense of where things stand, we've signed more than 10 customer agreements to date, primarily high-frequency trading firms at rates generally in the range of $60,000 to $100,000 a month. We're also in active conversations with hyperscalers, some of the largest news organizations, and developers of large language models, and we're evaluating opportunities in the prediction market space for data licensing. We recognize a modest amount of revenue from these agreements today. We believe this can grow into a meaningful, durable contributor, but it's just one piece of a broader media technology strategy that also includes advertising, subscriptions, and our digital asset treasury. Looking ahead, we expect the next phase of the API to include broader third-party distribution. For example, news feeds, financial data terminals and specialty publications, which we believe will bring more visibility to this business over time. Alongside this product, we've also launched an initiative to protect our proprietary data from unauthorized scraping and use. We view this as a straightforward extension of our fiduciary duty to shareholders, ensuring the value we've built is monetized appropriately, and we are pleased with our progress. Because there's been intense media coverage surrounding this initiative, I'd like to briefly clarify our approach. Truth API provides a machine-readable feed of publicly available Truth posts from the platform's top accounts in milliseconds. Our customers will get published and publicly available posts fractionally faster. Providing licensed real-time public data through commercial APIs is a well-established business practice across the technology, financial information, and media industries. This is no different. Our API operates pursuant to commercial licensing agreements, and these decisions, like all our operating decisions, are made by the company management and the Board. We believe expanding these offerings reflects prudent stewardship of the intellectual property and technology our shareholders have invested in building and creates additional long-term value. As our business evolves, we expect advertising, subscriptions, enterprise software, data licensing, digital asset management and future technology offerings to work together as complementary revenue streams supporting long-term growth. Looking ahead, our priorities remain clear. One, we're working diligently with TAE to complete our merger, which, as I mentioned, we believe is the single most important driver of our long-term shareholder value. Two, we're managing our balance sheet, including our digital asset treasury, with discipline. Three, we're focused on building a global diversified media and technology company that combines a highly engaged social platform, premium streaming content, enterprise technology solutions, and multiple recurring revenue opportunities. Four, you're going to see us show up differently as a public company, more frequent updates, more context, and more direct conversation with our shareholder base because that's the right thing to do. The investments we've made this past year have strategically positioned us to enter our next phase of growth with a leaner cost structure, an expanding product portfolio, and a broader strategic foundation than any other point in our history. We remain focused on execution, disciplined capital allocation, innovation and long-term shareholder value creation. And we appreciate the continued support from our amazing shareholder base, this great team of employees, our customers, and our partners. With that, we'll turn it over to the operator to address several of the most frequently submitted questions. Operator: Thank you. I would now like to turn the call over to [ Jamie Kirchen ], Investor Relations; and Kevin McGurn, Interim CEO, to address the pre-submitted questions. Unknown Executive: Thank you. We will now move to addressing some of the pre-submitted questions that we received. Kevin, with respect to the TAE merger, what specifically is holding up the S-4 filing? And is there a rough date range you can commit to for filing versus closing? Kevin McGurn: Sure. So TAE is an amazing company that's been around for over 28 years. So they are going through their audits just like any private company looking to go public. We aim to file the S-4 as soon as possible using our second quarter numbers, and we'll continue aiming for closing by the end of the year, understanding that the SEC process introduces other types of variables. Unknown Executive: Can you explain last week's announcement regarding Crypto.com, including as they pertain to Truth Predict? Kevin McGurn: Of course. Yes, we wanted to get focused, and the prediction markets business is already a pretty crowded space with established companies. Our strategic focus is on closing our proposed merger with TAE, continuing to build our media business and grow advertising revenue. We're developing a marketing agreement with Crypto.com that is designed to promote their prediction market solutions to Truth Social users, and this better aligns with our current business opportunities. We also plan to explore similar partnerships with other prediction markets. Unknown Executive: Great. Thanks. Turning to our CFO, Phillip Juhan, to address a couple of financial results questions. You cited legacy SPAC litigation expenses moderating after the July resolution. What was the total settlement cost? And is it fully reflected in these numbers? Or will there be a residual hit in Q3? Phillip Juhan: Yes. What I can say about that is that the outcome of our legal settlements are recorded within our financial statements through June 30, 2026. The overwhelming majority of legal expenses associated with the now-settled litigation have been accrued for through the second quarter of 2026. Now, given the timing of the settlement in July, we can expect some additional legacy expenses in the third quarter. Unknown Executive: And with nearly $1 billion in convertible notes coming due, what is the specific repayment or refinancing plan, cash, refinancing, conversion, or asset sales? Phillip Juhan: Yes. So we're continuing to explore multiple options around the convertible notes. But our strong balance sheet as of June 30, 2026, puts us in a position to satisfy these liabilities as they come due. Unknown Executive: And what portion of the $1.9 billion in gross financial assets is actually liquid and deployable versus committed or pledged to the yield program? Phillip Juhan: Sure. So as of June 30, 2026, we had over $400 million of cash and short-term investments that were fully liquid and unencumbered. An additional $1.2 billion of bitcoin and related assets could be a source of funds for future liquidity needs. And so I'll stop there. Unknown Executive: And turning back to Kevin, how does TMTG plan to expand Truth Social's user base? Kevin McGurn: Yes. I mean we're focused on growing our media business and our subscriber base for both Truth Social and Truth+. There's a lot of opportunities that we can take advantage of, including standard acquisition marketing and growth marketing. So we'll employ everything that we have at the ready. Unknown Executive: And regarding Truth API, how does the company respond to criticism that Trump Media is giving some traders in a market an unfair advantage by selling this access? Kevin McGurn: Sure. Yes. And I think this one came in from The New York Times, so we appreciate that question. The criticism is misinformed, is the first thing I would say. Truth API provides machine-readable feeds of publicly available Truth posts from the platform's top accounts in milliseconds. Our customers will get published and publicly available posts fractionally faster. Providing licensed real-time public data through commercial APIs is a well-established business practice, which we're hopeful will deter scraping and other violations of our terms of service. We're encouraged by the early demand for Truth API and we look forward to rolling out the product to other sectors, including retail investors. Unknown Executive: And to round things out, what plans are there to ensure Truth Social remains a viable and sustainable platform? Kevin McGurn: Yes. I mean I've been in the media business a long time, and content begets audience, and audience begets advertisers. So I think content is really the first portion of that opportunity. And then you have to be a marketer as well. So we're going to continue to drive marketing on our service. And we're really excited about it, and the team has been working really hard. So this concludes our Q&A for this portion. I'll hand it back to the operator. Operator: Yes. Thank you. And that concludes the Q&A portion. And that also concludes today's teleconference. Ladies and gentlemen, thank you for your participation. You may disconnect your lines, and have a wonderful day. Before you buy stock in Trump Media & Technology Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Trump Media & Technology Group wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $421,511!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,381,960!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 17, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Trump Media (DJT) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Trump Media and Technology Group reported a net loss of $238.1 million for the second quarter of 2026, driven largely by non-cash losses on its cryptocurrency holdings as Bitcoin prices fell during the period. The company, which trades on the NYSE Texas and Nasdaq under the ticker DJT, held 9,477 Bitcoin valued at $557.1 million as of June 30, down from 9,542 Bitcoin at the end of 2025. The fair value of that position dropped from $836 million at the close of last year, according to CoinDesk. Trump Media also holds a position in the cryptocurrency Cronos, which suffered its own decline in value during the first half of the year. For the full first half of 2026, Trump Media recorded $360.6 million in realized and unrealized losses on digital assets and digital assets pledged. The loss for the second quarter alone on that line item was $116.7 million, reflecting a decline in Bitcoin and Cronos prices between March 31 and June 30, 2026. A significant portion of the company's Bitcoin was encumbered during the quarter. As of June 30, the company had encumbered 4,260.73 BTC as security against convertible notes, with an additional 2,077.34 BTC serving as collateral for its Bitcoin options strategy. Revenue for the quarter reached $1.67 million, up 89% from $883,000 in the same period a year earlier. The increase came from advertising services tied to a barter agreement, subscriptions to the Truth+ streaming service, and management fees from Truth.Fi exchange-traded fund offerings. The company's Adjusted EBITDA loss, a non-GAAP measure, was $223.5 million for the quarter. Trump Media said the bulk of that figure consisted of non-cash items, including unrealized losses on digital assets and equity securities totaling $190.4 million, accreted interest of $11.7 million, and stock-based compensation of $8.1 million. Cash used in operating activities was $13.7 million, including $25.6 million in legal expenses tied to legacy litigation. Trump Media ended the quarter with total assets of $2.0 billion, with roughly $1.9 billion of that in financial assets including cash, short-term investments, equity securities, digital assets, and related holdings. Those earnings landed shortly after Trump Media, Crypto.com, and Yorkville Acquisition announced they were walking away from a planned joint venture — Trump Media Group CRO Strategy — that would have created a publicly listed vehicle for accumulating a sizable Cronos treasury, with the parties pointing to "prevailing market conditions and shifting business and stakeholder priorities" as the reason, according to CoinDesk. Interim Chief Executive Officer Kevin McGurn said in a statement that the company has "refined" its approach to capital allocation and is making progress toward a proposed merger with energy company TAE Technologies, which Trump Media expects to complete in the fourth quarter of 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management is repositioning the company as a conglomerate focused on 'uncancelable' infrastructure, viewing energy security via the TAE Technologies merger as a strategic necessity for future AI and data center demands. The proposed merger with TAE Technologies is framed as the primary driver of long-term value, intended to secure energy independence and provide a competitive edge in the global AI race. Revenue growth of 92% sequentially was driven by a combination of barter advertising, Patriot Package subscriptions for Truth+, and management fees from Truth.Fi ETF offerings. The company is shifting its media strategy to a unified ecosystem where Truth Social acts as a discovery engine for Truth+ premium long-form content, sharing a common technology and data foundation. Management adopted a 'nimble' capital allocation posture by terminating the Crypto.com business combination and service partnerships to prioritize resources for the TAE merger and core media initiatives. The launch of Truth API represents a strategic move into enterprise-grade data services, targeting high-frequency traders and AI developers to monetize proprietary platform data. Operational expenses were heavily impacted by the mark-to-market volatility of bitcoin holdings, which resulted in a $116.6 million reported loss on digital assets for the quarter. The company continues to target the closing of the TAE Technologies merger by the end of 2026, contingent on the completion of audits and the upcoming filing of a Form S-4. Management expects legacy SPAC-related litigation expenses to moderate significantly in future quarters following a final resolution reached in July 2026. The digital asset treasury is transitioning toward a third-party institutional management model, which may result in yield income being recorded in bitcoin rather than fiat currency. Future growth for Truth API is expected to include broader third-party distribution through financial data terminals, news feeds, and potential retail trading applications. The company plans to satisfy nearly $1 billion in outstanding convertible notes using its $1.9 billion in gross financial assets as these liabilities come due. Reported a net loss of $238 million, largely driven by non-cash mark-to-market losses on bitcoin as the price declined approximately 13% during the quarter. Terminated the proposed 'Trump Media CRO Strategy' business combination to focus on higher-priority strategic initiatives and capital discipline. Transitioned prediction market efforts from a direct technical integration to a marketing agreement framework with Crypto.com to reduce operational complexity. Initiated aggressive measures to protect proprietary data from unauthorized scraping to ensure the value of the Truth API remains exclusive to licensed customers. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. TAE is currently undergoing audits required for a private company going public; TMTG aims to file the S-4 as soon as possible using Q2 numbers. Management reiterated the target for closing the transaction by the end of 2026, though the SEC regulatory process remains a variable. Management expressed confidence in their ability to satisfy liabilities due to a strong balance sheet featuring $1.9 billion in gross financial assets. Confirmed that over $400 million in cash and short-term investments are fully liquid and unencumbered, with an additional $1.2 billion in bitcoin available if needed. Dismissed criticisms of unfair advantages, stating that providing licensed, millisecond-latency data feeds is a standard industry practice for technology and media firms. Revealed early traction with over 10 customer agreements, primarily high-frequency trading firms, paying between $60,000 and $100,000 per month. The decision to pivot to a marketing agreement was driven by a desire to avoid the crowded prediction market space and focus on the TAE merger. The company plans to explore similar marketing partnerships with other prediction market providers rather than building internal technical infrastructure.

~ Total Assets of $2.0 Billion and Over $1.9 Billion in Financial Assets* ~~ Launch of First Data Licensing Product, Truth API ~~ Legacy Legal Matters Resolved as TMTG Moves Toward Prospective Merger with TAE Technologies ~~ Company to Host Inaugural Conference Call Today at 5:00 pm E.T. ~ SARASOTA, Fla., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, the video streaming service Truth+, and the financial services and FinTech brand Truth.Fi, is announcing its financial results for the fiscal quarter ending on June 30, 2026. TMTG closed the second quarter of 2026 with total assets of $2.0 billion and financial assets* of approximately $1.9 billion comprising cash, restricted cash, short-term investments, equity securities, note receivable and accrued interest, digital assets, and digital assets pledged. Bolstered by its strong balance sheet and under the direction of new leadership, the Company believes it is well positioned to achieve its key strategic priorities, including: completing its prospective merger with TAE Technologies, Inc. (“TAE”) in the fourth quarter of 2026, subject to customary regulatory and closing conditions; implementing a more disciplined digital asset treasury management framework to preserve long-term strategic exposure while managing volatility and improving the productivity of its balance sheet; continuing to enhance the Truth Social and Truth+ platforms; scaling its marketing strategy to leverage the total addressable market for Truth Social and Truth+; and monetizing its proprietary assets via long-term data licensing product offerings. On August 1, 2026, the Company launched its first data licensing product—Truth API, a business-to-business data feed subscription that provides licensed, low latency access to publicly-available posts from certain top Truth Social accounts and is expected to provide the Company with a new revenue stream. Truth API closes the latency gap for organizations that place a premium on prompt, verified access to public information found on Truth Social. TMTG onboarded a number of institutional customers prior to its August 1, 2026, launch and, despite receiving what it believes to be factually inaccurate criticism of Truth API, is continuing to onboard additional partners. As part of management’s efforts to streamline TMTG’s strategic vision and focus resources on growth initiatives, the Company has substantially resolved its legacy legal matters. Consequently, the Company expects the significant legal expenses that have represented a large portion of its general and administrative costs to begin to decline materially on a go-forward basis, allowing management to create a leaner operating structure and devote greater resources toward strategic growth initiatives. "Over the past few months, we've sharpened our strategic direction and brought real discipline to how we allocate capital," said Kevin McGurn, Interim Chief Executive Officer of Trump Media & Technology Group. "We’re making meaningful progress toward our proposed merger with TAE Technologies, which we believe is the most important driver of long-term shareholder value and a natural extension of our commitment to building durable, un-cancellable infrastructure, this time in energy security. At the same time, we’ve refined our approach to capital allocation to better direct resources to the core pillars of our media business, and that effort is already yielding results." "Truth+ has moved into full commercial availability and Truth Social is entering an expanded content phase. Our new Truth API product is already generating revenue, with more than ten customer agreements signed to date. I'm encouraged by this momentum, and shareholders should expect more frequent communication from us on our progress each quarter as we enter this next chapter." The Company reported a $238.1 million net loss and a $223.5 million Adjusted EBITDA* loss for the second quarter of 2026, the vast bulk of which was non-cash losses including unrealized losses on digital assets, digital assets pledged, and equity securities ($190.4 million), accreted interest ($11.7 million), and stock based compensation ($8.1 million), along with its $1.9 billion in financial assets and $13.7 million of cash used in operating activities—including $25.6 million of legal expenses, primary related to legacy litigation. The Company posted $1.7 million in revenue, up 89 percent from the $0.9 million in revenue generated in the second quarter of 2025. *Financial Assets and Adjusted EBITDA are Non-GAAP Financial Measures, the definitions which can be found in the Use of Non-GAAP Financial Measures section at the end of this release. A reconciliation of Adjusted EBITDA to the most comparable GAAP measure can also be found in the Use of Non-GAAP Financial Measures section at the end of this release. Earnings Conference Call TMTG will host an earnings call, today at 5:00 pm E.T. Access to the live webcast and replay of the conference call will be available here and on the TMTG IR website at https://ir.tmtgcorp.com/. Additionally, you may listen to the live webcast via Truth+ at https://truthplus.tv/ or on your preferred device via the Truth+ app. The dial-in number for the conference call is 877-524-8416 (toll-free) or +1412-902-1028 (international). Attendees are encouraged to dial in 15 minutes prior to the start of the call. An audio replay of the webcast will be available until Monday, September 7, 2026. Dial 877-660-6853 (toll-free) or 201612-7415 (international) to listen. About TMTG The mission of Trump Media is to end Big Tech’s s assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations; Truth+, a TV streaming platform focusing on family friendly live TV channels and on-demand content; and Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles. Investor Relations Contact Shannon Devine (MZ Group | Managing Director - MZ North America) Email: [email protected] Media Contact [email protected] Important Information About the Proposed Transaction and Where to Find It In connection with TMTG’s merger with TAE (the “Proposed Transaction”), TMTG intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 to register the common stock of TMTG (“TMTG Shares”) to be issued in connection with the Proposed Transaction. The registration statement will include a document that serves as a proxy statement and prospectus of TMTG and consent solicitation statement of TAE (the “proxy statement/prospectus and consent solicitation statement”), and TMTG will file other documents regarding the Proposed Transaction with the SEC. This document is not a substitute for the registration statement, the proxy statement/prospectus and consent solicitation statement, or any other document that TMTG may file with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND CONSENT SOLICITATION STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TMTG AND TAE, THE PROPOSED TRANSACTION, THE RISKS RELATED THERETO, AND RELATED MATTERS. After the registration statement has been declared effective, a definitive proxy statement will be mailed to the shareholders of TMTG (the “TMTG Shareholders”) and a prospectus and consent solicitation statement will be sent to the stockholders of TAE. Investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus and consent solicitation statement, as each may be amended or supplemented from time to time, and other relevant documents filed by TMTG with the SEC (if and when they become available) through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by TMTG, including the proxy statement/prospectus and consent solicitation statement (when available), will be available free of charge from TMTG’s website at tmtgcorp.com under the “Investors” tab. Participants in the Solicitation TMTG and certain of its directors and executive officers and TAE and certain of its directors and executive officers, may be deemed to be participants in the solicitation of proxies from the TMTG Shareholders with respect to the Proposed Transaction under the rules of the SEC. Information regarding the names, affiliations and interests of certain of TMTG’s directors and executive officers in the solicitation can be found by reading TMTG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on February 27, 2026 (as amended on April 30, 2026), TMTG’s subsequent Quarterly Reports on Form 10-Q filed with the SEC, TMTG’s definitive proxy statement for the 2025 annual meeting of shareholders filed with the SEC on March 18, 2025 and the proxy statement/prospectus and consent solicitation statement and other relevant materials filed with the SEC in connection with the Proposed Transaction when they become available. Free copies of these documents may be obtained as described in the paragraphs above. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the TMTG Shareholders in connection with the Proposed Transaction, including a description of their direct and indirect interests, by security holdings or otherwise, will also be set forth in the proxy statement/prospectus and consent solicitation statement and other relevant materials when filed with the SEC. Cautionary Statement About Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws, including regarding, among other things, the plans, strategies, and prospects, both business and financial, of TMTG, including its statements regarding recurring revenue from TRUTH API, and its current expectations and projections about future events such as TMTG’s Proposed Transaction with TAE. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “should,” “will” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words, and the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause future results, performance or achievements expressed or implied by the forward-looking statements to differ materially from the forward-looking statements in this communication, including, but not limited to, risks related to TMTG’s or TAE’s ability to demonstrate and execute on commercial viability of its technology; legal proceedings; ability to obtain financing on acceptable terms or at all; changes in digital asset valuations; disruption to TMTG’s operations; TMTG’s ability to develop and maintain key strategic relationships; competition in TMTG’s industry; ability to access required materials at acceptable costs; delays in the development and manufacturing of fusion power plants and related technology; ability to manage growth effectively; possibility of incurring losses in the future and not being able to achieve or maintain profitability; potential generation capacities of specific reactor designs; regulatory outlook; future market conditions; success of strategic partnerships; developments in the capital and credit markets; future financial, operational and cost performance; revenue generation; demand for nuclear energy; economic outlook and public perception of the nuclear energy industry; changes in laws or regulations; ability to obtain required regulatory approvals on a timely basis or at all; ability to protect intellectual property; adverse economic or competitive conditions; and other risks and uncertainties. In addition, TMTG cautions you that the forward-looking statements contained in this communication are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay site selection or the Proposed Transaction or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against TMTG or TAE with respect to site selection or the Proposed Transaction; (iii) the inability to complete the Proposed Transaction due to the failure to obtain approval of the shareholders of TMTG or TAE, or other conditions to closing in the merger agreement; (iv) the risk that the Proposed Transaction disrupts TMTG’s current plans and operations as a result of the announcement of the Proposed Transaction; (v) TMTG’s ability to realize the anticipated benefits of the Proposed Transaction, which may be affected by, among other things, competition and the ability of TMTG to grow and manage growth profitably following the Proposed Transaction; and (vi) costs related to the Proposed Transaction, site selection or construction. The forward-looking statements in this press release are based upon information available to TMTG as of the date of this press release and, while TMTG believes such information forms a reasonable basis for such statements, these statements are inherently uncertain, and you are cautioned not to unduly rely upon these statements. Except as required by applicable law, TMTG does not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in TMTG’s periodic filings with the SEC, including TMTG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (as amended on April 30, 2026), TMTG’s Quarterly Reports on Form 10-Q and in the Form S-4, when filed, and in other documents filed by TMTG from time to time with the SEC. TMTG’s SEC filings are available publicly on the SEC’s website at www.sec.gov. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that TMTG presently knows or that TMTG currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and TMTG assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. TMTG does not give any assurance that TMTG will achieve its expectations. The inclusion of any statement in this communication does not constitute an admission by TMTG or any other person that the events or circumstances described in such statement are material. No Offer or Solicitation This communication is not intended to and does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Use of Non-GAAP Financial Measures The Company uses certain Non-GAAP financial measures, which Financial Assets and Adjusted EBITDA, as we believe these measures can provide meaningful information regarding our operating performance. These Non-GAAP measures should be evaluated in addition to and not as a substitute for our financial results presented in accordance with U.S. GAAP. Financial Assets are our Total Assets comprised solely of cash, restricted cash, short-term investments, equity securities, note receivable and accrued interest, digital assets, and digital assets pledged. Adjusted EBITDA is a non-GAAP financial measure defined as net income plus interest expense, provision for income taxes, depreciation and amortization, and stock-based compensation. The Company presents Adjusted EBITDA because management believes that it can be a useful financial metric in understanding the Company’s earnings from operations. Adjusted EBITDA is not a measure of the Company’s financial performance under GAAP and should not be considered as an alternative to net income or any other performance measure derived in accordance with GAAP. A reconciliation of Adjusted EBITDA to our most directly comparable GAAP financial measures appears below.

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Trump Media & Technology Corp. (NASDAQ:DJT) sustained significant losses in Q1 and its cryptocurrency holdings are largely to blame. The Truth Social parent on May 8 reported a $406 million loss in Q1, including $244 million in unrealized digital asset losses, wider than the $32 million loss reported for the same period last year. Trump Media is 41% owned by the Donald J. Trump Revocable Trust, a legal entity that holds and manages President Donald Trump‘s assets while he is in office. Don't Miss: Investors With $1M+ Often Use Advisors for Tax Strategy — This Tool Matches You With One in Minutes Discover How AI Can Turn Your Investment Ideas Into Tradable Assets — See How The company said it held 9,542.16 Bitcoin, purchased at a cost of over $1.1 billion, with a fair value of $647 million as of March 31. It also reported holding 756 million Cronos tokens at a cost basis of nearly $114 million and a fair value of about $53 million. The losses come as the cryptocurrency market has endured a significant correction from last year’s highs. Bitcoin, for example, has fallen as much as 52% below its record price of $126,000 reached in October to a low of $60,000 in February. Meanwhile, Trump Media reported about $871,000 in revenue in Q1, 6% up from $821,000 reported last year. Trump Media also reported $2.2 billion in assets and $17.9 million in operating cash as of March 31. Trending: Traditional banks aren't the only place to park cash — see how eligible SoFi users are earning a competitive APY and potentially qualifying for up to $300 with direct deposit. "Trump Media is using its strong balance sheet and positive operating cash flow to continue growing all our businesses and platform infrastructure," Interim CEO Kevin McGurn said in a statement.”We’re identifying new growth opportunities and new ways to increase shareholder value." McGurn said Trump Media was working to finalize its merger with nuclear fusion company TAE Technologies announced in December. The company said it is working on new features for its Truth Social and Truth+ platforms, including discussion and share features for prediction market contracts and expanded live TV offerings. Trump Media stock is down over 90% since 2022. Read Next: Turn your trading skills into real income — without risking your own capital: Get funded by Apex Trader Funding and keep up to 90% of the profits. What If Your Investment Income Didn't Rely Entirely on Market Swings? Some Investors Are Taking a Different Approach Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn't tied to the fortunes of just one company or industry. Rad AI RAD Intel is an AI-driven marketing platform helping brands improve campaign performance by turning complex data into actionable insights for content, influencer strategy, and ROI optimization. Positioned within the multi-hundred-billion-dollar digital marketing industry, the company works with global brands across sectors to improve targeting precision and creative performance using its analytics and AI tools. With strong revenue growth, expanding enterprise contracts, and a Nasdaq ticker reserved under $RADI, RAD Intel is opening access to its Regulation A+ offering, giving investors exposure to the growing intersection of AI, marketing, and creator economy infrastructure. Immersed Immersed is a spatial computing company building immersive productivity software that enables users to work across multiple virtual screens inside VR and mixed-reality environments. Its platform is used by remote workers and enterprises to create virtual workspaces that reduce reliance on traditional physical hardware while improving focus and collaboration. The company is also developing its own lightweight VR headset and AI productivity tools, positioning itself in the future-of-work and spatial computing space. Through its pre-IPO offering, Immersed is opening access to early-stage investors looking to diversify beyond traditional assets and gain exposure to emerging technologies shaping how people work. Connect Invest Connect Invest is a real estate investment platform that allows investors to access short-term, fixed-income opportunities backed by a diversified portfolio of residential and commercial real estate loans. Through its Short Notes structure, investors can choose defined terms (6, 12, or 24 months) and earn monthly interest payments while gaining exposure to real estate as an asset class. For investors focused on diversification, Connect Invest may serve as one component within a broader portfolio that also includes traditional equities, fixed income, and other alternative assets—helping balance exposure across different risk and return profiles. rHealth rHealth is building a space-tested diagnostics platform designed to bring lab-quality blood testing closer to patients in minutes rather than weeks. Originally validated in collaboration with NASA for use aboard the International Space Station, the technology is now being adapted for at-home and point-of-care settings to address widespread delays in diagnostic access. Backed by institutions including NASA and the NIH, rHealth is targeting the large global diagnostics market with a multi-test platform and a model built around devices, consumables, and software. With FDA registration in progress, the company is positioning itself as a potential shift toward faster, more decentralized healthcare testing. Arrived Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly. Masterworks Masterworks enables investors to diversify into blue-chip art, an alternative asset class with historically low correlation to stocks and bonds. Through fractional ownership of museum-quality works by artists like Banksy, Basquiat, and Picasso, investors gain access without the high costs or complexities of owning art outright. With hundreds of offerings and strong historical exits on select works, Masterworks adds a scarce, globally traded asset to portfolios seeking long-term diversification. Public Public is a multi-asset investing platform built for long-term investors who want more control, transparency, and innovation in how they grow wealth. Founded in 2019 as the first broker-dealer to offer commission-free, real-time fractional investing, Public now lets users invest in stocks, bonds, options, crypto, and more—all in one place. Its latest feature, Generated Assets, uses AI to turn a single idea into a fully customized, investable index that can be explained and backtested before committing capital. Combined with AI-powered research tools, clear explanations of market moves, and an uncapped 1% match for transferring an existing portfolio, Public positions itself as a modern platform designed to help serious investors make more informed decisions with context. Lightstone Lightstone DIRECT gives accredited investors access to institutional-quality multifamily real estate opportunities backed by a vertically integrated operator with more than $12 billion in assets under management and a 40-year track record. With more than 25,000 multifamily units nationwide — including significant exposure to low-supply Midwest markets where rent growth has remained resilient — Lightstone is positioning investors to benefit from tightening housing supply, strong occupancy trends, and long-term rental demand. Through Lightstone DIRECT, individuals can co-invest alongside the firm, which commits at least 20% to each deal, offering exposure to professionally managed multifamily assets designed to generate durable income and long-term appreciation beyond the traditional stock market. AdviserMatch AdviserMatch is a free online tool that helps individuals connect with financial advisors based on their goals, financial situation, and investment needs. Instead of spending hours researching advisors on your own, the platform asks a few quick questions and matches you with professionals who can assist with areas like retirement planning, investment strategy, and overall financial guidance. Consultations are no-obligation, and services vary by advisor, giving investors a chance to explore whether professional advice could help improve their long-term financial plan. Accredited Debt Relief Accredited Debt Relief is a debt consolidation company focused on helping consumers reduce and manage unsecured debt through structured programs and personalized solutions. Having supported more than 1 million clients and helped resolve over $3 billion in debt, the company operates within the growing consumer debt relief industry, where demand continues to rise alongside record household debt levels. Its process includes a quick qualification survey, personalized program matching, and ongoing support, with eligible clients potentially reducing monthly payments by 40% or more. With industry recognition, an A+ BBB rating, and multiple customer service awards, Accredited Debt Relief positions itself as a data-driven, client-focused option for individuals seeking a more manageable path toward becoming debt-free. Image: Shutterstock This article Trump Media Posts $406M Loss As Unrealized Losses In Crypto Investments Weigh On Results originally appeared on Benzinga.com © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

~ Total Assets of $2.2 Billion and Over $2 Billion in Financial Assets* ~ ~ $17.9 Million Cash Provided by Operating Activities with Fourth Consecutive Quarter of Positive Operating Cash Flow ~ ~ Truth Social, Truth+ Enhancements Continue as TMTG Moves toward Prospective Merger with TAE Technologies ~ SARASOTA, Fla., May 08, 2026 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, the video streaming service Truth+, and the financial services and FinTech brand Truth.Fi, is announcing its financial results for the fiscal quarter ending on March 31, 2026, and is filing its Form 10-Q with the Securities and Exchange Commission (the “SEC”) today. TMTG closed the first quarter of 2026 with total assets of $2.2 billion and financial assets of approximately $2.1 billion comprising cash, restricted cash, short-term investments, equity securities, note receivable and accrued interest, digital assets, and digital assets pledged—nearly tripling the Company’s $759.0 million in financial assets held at the end of the first quarter of 2025. The Company also announced its fourth consecutive quarter of positive operating cash flow, posting $17.9 million of cash provided by operating activities for the first quarter. Supported by its strong balance sheet, the Company is continuing to pursue all its strategic priorities, including expanding and enhancing its flagship Truth Social and Truth+ platforms. Truth Social is currently developing or testing numerous new features including: Discussion and share features for predictions contracts, provided in cooperation with Crypto.com | Derivatives North America (CDNA). A dedicated feature for sports information and discussion. Boosted truths allowing for increased visibility of specific posts. Enhancements to the platform’s interoperability with Truth+. Continued expansion of the use of artificial intelligence to assist the platform’s performance. The Truth+ video streaming platform had robust enhancements in the first quarter, focusing on expanding content and improving the platform’s ease of use, including: Expanding live TV entertainment options with the addition of new channels including Nothing But Sportz, Retro, and In Touch. Expanding international offerings by adding i24 English Israel, Azores TV, and Western Bound Portugal, while negotiations are ongoing to incorporate additional international programming options. Enhancing the look and ease of use across the platform, including for the TV guide, on demand programming, carousels, and connected TVs. Introducing push notifications for Truth+ app users. Simplifying the onboarding process and reducing friction for new users. TMTG Interim Chief Executive Officer Kevin McGurn said, “Trump Media is using its strong balance sheet and positive operating cash flow to continue growing all our businesses and platform infrastructure. 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. Truth Social remains a bastion of free speech with innovative enhancements coming soon, and I look forward to rapidly growing our Truth Social and Truth+ communities and building out these powerful, uncancellable platforms for free expression.” Aside from its $2.1 billion in financial assets and $17.9 million in positive operating cash flow, the Company reported a $405.9 million net loss and a $387.8 million Adjusted EBITDA* loss for the first quarter of 2026, the vast bulk of which was non-cash losses including unrealized losses on digital assets, digital assets pledged, and equity securities ($368.7 million), accreted interest ($11.5 million), and stock based compensation ($11.8 million). The Company posted $0.9 million in revenue, as it continues to focus on expanding its infrastructure and audience to prepare for future monetized features. * Financial Assets, Positive Operating Cash Flow and Adjusted EBITDA are Non-GAAP Financial Measures, the definitions which can be found in the Use of Non-GAAP Financial Measures section at the end of this release. A reconciliation of Adjusted EBITDA to the most comparable GAAP measure can also be found in the Use of Non-GAAP Financial Measures section at the end of this release About TMTG The mission of Trump Media is to end Big Tech’s s assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations; Truth+, a TV streaming platform focusing on family friendly live TV channels and on-demand content; and Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles. Investor Relations Contact Shannon Devine (MZ Group | Managing Director - MZ North America) Email: [email protected] Media Contact [email protected] Important Information About the Proposed Transaction and Where to Find It In connection with TMTG’s merger with TAE Technologies (the “Proposed Transaction”), TMTG intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 to register the common stock of TMTG (“TMTG Shares”) to be issued in connection with the Proposed Transaction. The registration statement will include a document that serves as a proxy statement and prospectus of TMTG and consent solicitation statement of TAE (the “proxy statement/prospectus and consent solicitation statement”), and TMTG will file other documents regarding the Proposed Transaction with the SEC. This document is not a substitute for the registration statement, the proxy statement/prospectus and consent solicitation statement, or any other document that TMTG may file with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND CONSENT SOLICITATION STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TMTG AND TAE, THE PROPOSED TRANSACTION, THE RISKS RELATED THERETO, AND RELATED MATTERS. After the registration statement has been declared effective, a definitive proxy statement will be mailed to the shareholders of TMTG (the “TMTG Shareholders”) and a prospectus and consent solicitation statement will be sent to the stockholders of TAE. Investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus and consent solicitation statement, as each may be amended or supplemented from time to time, and other relevant documents filed by TMTG with the SEC (if and when they become available) through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by TMTG, including the proxy statement/prospectus and consent solicitation statement (when available), will be available free of charge from TMTG’s website at tmtgcorp.com under the “Investors” tab. Participants in the Solicitation TMTG and certain of its directors and executive officers and TAE and certain of its directors and executive officers, may be deemed to be participants in the solicitation of proxies from the TMTG Shareholders with respect to the Proposed Transaction under the rules of the SEC. Information regarding the names, affiliations and interests of certain of TMTG’s directors and executive officers in the solicitation can be found by reading TMTG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on February 27, 2026 (as amended on April 30, 2026), TMTG’s subsequent Quarterly Reports on Form 10-Q filed with the SEC, TMTG’s definitive proxy statement for the 2025 annual meeting of shareholders filed with the SEC on March 18, 2025 and the proxy statement/prospectus and consent solicitation statement and other relevant materials filed with the SEC in connection with the Proposed Transaction when they become available. Free copies of these documents may be obtained as described in the paragraphs above. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the TMTG Shareholders in connection with the Proposed Transaction, including a description of their direct and indirect interests, by security holdings or otherwise, will also be set forth in the proxy statement/prospectus and consent solicitation statement and other relevant materials when filed with the SEC. Cautionary Statement About Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws, including regarding, among other things, the plans, strategies, and prospects, both business and financial, of TMTG, and its current expectations and projections about future events such as TMTG’s Proposed Transaction with TAE. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “should,” “will” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words, and the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause future results, performance or achievements expressed or implied by the forward-looking statements to differ materially from the forward-looking statements in this communication, including, but not limited to, risks related to TMTG’s or TAE’s ability to demonstrate and execute on commercial viability of its technology; legal proceedings; ability to obtain financing on acceptable terms or at all; changes in digital asset valuations; disruption to TMTG’s operations; TMTG’s ability to develop and maintain key strategic relationships; competition in TMTG’s industry; ability to access required materials at acceptable costs; delays in the development and manufacturing of fusion power plants and related technology; ability to manage growth effectively; possibility of incurring losses in the future and not being able to achieve or maintain profitability; potential generation capacities of specific reactor designs; regulatory outlook; future market conditions; success of strategic partnerships; developments in the capital and credit markets; future financial, operational and cost performance; revenue generation; demand for nuclear energy; economic outlook and public perception of the nuclear energy industry; changes in laws or regulations; ability to obtain required regulatory approvals on a timely basis or at all; ability to protect intellectual property; adverse economic or competitive conditions; and other risks and uncertainties. In addition, TMTG cautions you that the forward-looking statements contained in this communication are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay site selection or the Proposed Transaction or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against TMTG or TAE with respect to site selection or the Proposed Transaction; (iii) the inability to complete the Proposed Transaction due to the failure to obtain approval of the shareholders of TMTG or TAE, or other conditions to closing in the merger agreement; (iv) the risk that the Proposed Transaction disrupts TMTG’s current plans and operations as a result of the announcement of the Proposed Transaction; (v) TMTG’s ability to realize the anticipated benefits of the Proposed Transaction, which may be affected by, among other things, competition and the ability of TMTG to grow and manage growth profitably following the Proposed Transaction; and (vi) costs related to the Proposed Transaction, site selection or construction. The forward-looking statements in this press release are based upon information available to TMTG as of the date of this press release and, while TMTG believes such information forms a reasonable basis for such statements, these statements are inherently uncertain, and you are cautioned not to unduly rely upon these statements. Except as required by applicable law, TMTG does not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in TMTG’s periodic filings with the SEC, including TMTG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (as amended on April 30, 2026), TMTG’s subsequent Quarterly Reports on Form 10-Q and in the Form S-4, when filed, and in other documents filed by TMTG from time to time with the SEC. TMTG’s SEC filings are available publicly on the SEC’s website at www.sec.gov. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that TMTG presently knows or that TMTG currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and TMTG assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. TMTG does not give any assurance that TMTG will achieve its expectations. The inclusion of any statement in this communication does not constitute an admission by TMTG or any other person that the events or circumstances described in such statement are material. No Offer or Solicitation This communication is not intended to and does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Use of Non-GAAP Financial Measures The Company uses certain Non-GAAP financial measures, which Financial Assets, Positive Operating Cash Flow and Adjusted EBITDA, as we believe these measures can provide meaningful information regarding our operating performance. These Non-GAAP measures should be evaluated in addition to and not as a substitute for our financial results presented in accordance with U.S. GAAP. Financial Assets are our Total Assets comprised solely of cash, restricted cash, short-term investments, equity securities, note receivable and accrued interest, digital assets, and digital assets pledged. Positive Operating Cash Flow is our cash provided by operating activities. Adjusted EBITDA is a non-GAAP financial measure defined as net income plus interest expense, provision for income taxes, depreciation and amortization, and stock-based compensation. The Company presents Adjusted EBITDA because management believes that it can be a useful financial metric in understanding the Company’s earnings from operations. Adjusted EBITDA is not a measure of the Company’s financial performance under GAAP and should not be considered as an alternative to net income or any other performance measure derived in accordance with GAAP. A reconciliation of Adjusted EBITDA to our most directly comparable GAAP financial measures appears below.