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Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
First-half 2026 deficit soared to $644M from $51.7M.
The parent company of the Truth Social platform sees better days ahead as its significant legal bills begin to decline materially “on a go-forward basis allowing management to create a leaner operating structure.”
On August 1, 2026, the company launched its first data licensing product—Truth API, a business-to-business high-speed data feed. It sold the product to about 10 high-speed frequency traders at $60K to $100K a month.
TMTG expects to wrap up its $6B merger deal with TAE nuclear fusion company by the end of the year.
That move will make TM&TG “uncancellable,” interim CEO Kevin McGurn said during a call to investors.
“We should fully control our media platform around a simple idea: our technology, our own infrastructure, and our own destiny. We believe the same principle extends to energy,” he said.
McGurn is bullish on the energy business due to the soaring demand for electricity from data centers and AI.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
