Trump Media posts $409.7 million Q3 profit as Bitcoin gains carry the quarter

The Truth Social parent swung to its first profitable quarter as a public company, but core operations still lost money Trump Media & Technology Group just booked $409.7 million in third-quarter net income. Most of it came from Bitcoin rather than from selling ads or subscriptions. The parent of Truth Social (NASDAQ: DJT) released the results on November 9, 2026. The quarter marks the company’s first profit since it went public, which is a milestone even if the business behind the logo did not produce it. Where the $409.7 million came from The swing is dramatic. In the same quarter a year earlier, Trump Media reported a net loss of $54.8 million. Gains on the company’s digital assets totaled $378.1 million. Related securities added roughly another $60 million on top of that. Those are non-cash gains. The company did not necessarily sell anything. Its holdings simply became worth more on paper, and accounting rules let that increase flow through to the bottom line. The driver was Bitcoin’s move during the quarter, from approximately $59,000 to $84,000. As of September 30, 2026, Trump Media held approximately 15,649 Bitcoin. Around 11,385 of those coins were pledged to a Bitcoin ...