The Trump Media & Technology Group (TMTG), the digital media conglomerate led by former U.S. President Donald Trump, reported a substantial net loss of $238 million in Q2 2026, according to its SEC filing on Monday. The majority of this shortfall can be attributed to unrealized losses on digital assets, pledged equity securities, and digital assets, amounting to $190.4 million. Additional costs included $11.7 million in accrued interest and $8.1 million in stock-based compensation. TMTG's revenue for the quarter increased by 89% compared to the same period last year, primarily generated from media segments such as advertising and subscriptions, though losses still outpaced earnings. The first half of 2026 saw TMTG accumulate a net loss of $644 million against $2.5 million in revenue. Despite the downturn, TMTG's portfolio includes the social media platform Truth Social, video streaming service Truth+, and fintech brand Truth.Fi, with forays into cryptocurrency and market intelligence through the controversial Truth API subscription service launched on August 1, 2026. This service, which provides investors with faster access to posts on Truth Social, has raised conflict of interest concerns and has reportedly signed up 10 companies at fees ranging from $60,000 to $100,000 per month. Despite the influence of Trump's posts, Truth Social has struggled to compete with rivals such as X and Facebook in terms of user growth since its launch in 2022, according to The New York Times, citing data from online tracking firm Similarweb, which reported a decline in visitors by more than a third compared to the same period last year.