Trump Media & Technology Group Corp (TMTG) reported its first quarterly profit since going public, with a net income of $409.7 million in the third quarter. This marks a significant turnaround from a net loss of $54.8 million in the same period last year. The profit was largely driven by gains in digital asset holdings, which totaled $496.1 million in net realized and unrealized gains. However, the company still faced an adjusted EBITDA loss of $12.3 million, indicating ongoing operational challenges.
The company's revenue surged to $3.0 million, up from $1.0 million in the third quarter of 2025. This growth was fueled by $1.8 million in subscription gains from the August launch of Truth API, a data licensing tool, along with contributions from Truth+ and $0.2 million in Truth.Fi ETF management fees. Legal expenses also decreased significantly, dropping to $2.4 million from $20.3 million a year earlier, which helped reduce overall operating costs.
TMTG closed the quarter with $2.5 billion in total assets, including $2.3 billion in financial assets. The company plans to implement a more disciplined institutional treasury framework for its digital tokens to manage balance sheet productivity and mitigate price volatility. Additionally, TMTG is moving forward with a merger with clean-energy developer TAE Technologies, with a shareholder vote scheduled for December 14.