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Trump Media Reports Narrowed Losses and Plans for Expansion

The company reduced its Q1 2025 net loss to $31.7 million, bolstered by $759 million in cash reserves, while pursuing M&A and fintech diversification.

Devin Nunes, CEO of Truth Social, speaks during a general session at the Conservative Political Action Conference (CPAC) in Dallas, Texas, U.S., August 5, 2022. REUTERS/Go Nakamura/ File Photo
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Overview

  • Trump Media & Technology Group reported a Q1 2025 net loss of $31.7 million, a significant improvement from $327.6 million in the same quarter last year.
  • Net sales for the quarter rose 6.6% year-over-year to $821,200, reflecting modest revenue growth.
  • The company ended the quarter with $759 million in cash and equivalents, maintaining a low operating cash outflow of $9.7 million.
  • TMTG is actively pursuing mergers and acquisitions as part of its strategy to diversify into financial services and fintech sectors.
  • Despite progress, the company disclosed material weaknesses in its financial reporting controls and incurred $10.9 million in legal costs tied to its SPAC merger and reincorporation.