Trump Media’s Massive Losses:

Trump Media & Technology Group, the company behind Truth Social, has reported staggering financial losses that highlight serious challenges beneath its high-profile branding.

For the full year of 2024, the company posted a net loss of $400.9 million while generating just $3.6 million in revenue. Sales fell about 12 percent compared to the previous year.

A large share of the losses stemmed from legal expenses tied to its prolonged SPAC merger process. Administrative costs were also substantial, along with $107 million spent on stock-based compensation.

Despite these setbacks, the company finished 2024 with roughly $777 million in cash and short-term investments. Executives say this reserve will fund expansion efforts across multiple platforms.

Those plans include rolling out Truth+ as a video streaming service, launching a financial technology brand called Truth.Fi, and developing proprietary payment systems to broaden its ecosystem.

Financial strain continued into 2025. In the third quarter alone, Trump Media reported an additional loss of $54.8 million, even as it built up a sizable cryptocurrency treasury.

Overall, the numbers reveal a troubling pattern. Despite strong publicity and loyal supporters, the company is burning through cash rapidly, and its long-term business model remains uncertain.