Trump Media and Technology Group, the parent organization of Truth Social, transitioned to a profitable quarter during the third quarter of this year, primarily propelled by non-cash realized and unrealized increases in the value of its cryptocurrency holdings.
As outlined in its newest quarterly report published on Monday, the enterprise registered a net income totaling $409.7 million for Q3, contrasting with a net deficit of $54.8 million during the corresponding period of the previous year.
A significant portion of these earnings derived from non-cash realized and unrealized gains tied to digital assets, committed digital assets, and equity investments, according to a separate corporate statement.
CFO Phillip Juhan shared during a Monday earnings call that the business maintained approximately 15,649 BTC Bitcoin (BTC) units as of late September, with roughly 11,385 of those tokens allocated to its “Bitcoin Yield Management Program” to generate returns on the balance.
Concurrently, the firm generated $3 million in revenue throughout Q3, marking a 205% year-over-year increase, which was propelled principally by $1.8 million in subscription expansion for its Truth API, the business reported.
During August, Trump Media officially released Truth API, a commercial real-time data stream that supplies institutional clients with expedited access to updates originating from prominent Truth Social profiles, including that of President Donald Trump. Based on reporting from Reuters, the firm has successfully secured Bloomberg, Susquehanna International Group, and Jump Trading as subscribers for the offering.
TAE merger on track for year-end closing
Trump Media additionally indicated that it continues moving forward as scheduled to finalize its contemplated combination with fusion power enterprise TAE Technologies before the close of the fourth quarter of this year, pending regulatory conditions and investor approval.
Throughout December 2025, Trump Media announced that it is pursuing an all-stock business consolidation with TAE featuring an evaluation exceeding $6 billion. Under the terms of the arrangement, backers of each respective organization would hold roughly half of the newly united entity.
The enterprise highlighted that the Securities and Exchange Commission declared the corresponding Form S-4 effective on November 5, paving the path toward an investor vote planned for December 14, as detailed in a corporate statement.
Interim CEO Kevin McGurn stated during a Monday earnings conference call, “We fully remain on track to close by the end of the year. When our merger closes, we solidify public market investor access to the future of energy in our country and around the world.”
Equities of Trump Media (DJT) wrapped up Monday’s session registering a 1.75% increase at $4.06 and proceeded to accumulate an extra 1.5% during after-hours trading sessions.
Originally published at https://www.theblock.co/news/business/2026-11-09-trump-media-q3-profit-436964.
