In a recent filing with the US Securities and Exchange Commission (SEC), Donald Trump's media company, Trump Media & Technology Group (TMTG), reported a staggering net loss of $238 million for the second quarter of 2026. The majority of this shortfall can be attributed to unrealized losses on digital assets, pledged digital assets, and equity securities totaling $190.4 million. Other significant losses included $11.7 million in accreted interest and $8.1 million in stock-based compensation. Despite a 89% increase in revenue compared to the same period last year, TMTG's losses continue to outpace earnings. The bulk of TMTG's revenue came from its media segments, including advertising and subscriptions. For the April-June quarter, TMTG earned $1.7 million, with $1.43 million from advertising and $179,500 from subscriptions. This brings TMTG's net losses for the first half of 2026 to $644 million against revenue of $2.5 million. Shares of TMTG, trading under NASDAQ symbol "DJT", dropped by 8% at market close on Monday. TMTG's portfolio encompasses Truth Social, a social media platform; Truth+, a video streaming service; and Truth.Fi, a fintech brand. Over the past year, TMTG has expanded into cryptocurrency and, as of August 1, market intelligence through the controversial subscription service Truth API. This service provides investors with faster access to posts on Truth Social, where Trump frequently makes market-moving announcements regarding policy issues such as tariffs and the US-Israel war on Iran. During an earnings call on Monday, TMTG's interim CEO Kevin McGurn disclosed that 10 companies have already signed up for Truth API, paying fees ranging from $60,000 to $100,000 per month. Despite Trump's influence on Truth Social, it has struggled to compete with rivals such as X and Facebook in terms of user base since its launch in 2022. The New York Times reported on Monday that visitors to Truth Social in July decreased by more than a third compared to the same period last year, according to data from online tracking firm Similarweb.