Trump Media & Technology Group is a majority stock owned by President Donald Trump, which runs a true social media platform that reports earnings for the first quarter of 2025.

The company's net sales were $821,200, with 6.6% net sales and a net loss of $327 million, an increase from its $327.6 million a year ago, according to a 10-Q filing in the U.S. Securities and Exchange Commission (SEC) filing on Friday. Net losses in the first quarter included $311 million in non-cash expenses caused by conversion of promissory notes and the cancellation of previous liabilities immediately prior to the merger with special purpose acquisition company Digital World Aquisition Corp. (DWAC).

TMTG said in a press release to the SEC that the company had a cash flow of $9.7 million, including total interest income for the quarter and $8.8 million in revenue.

In the first quarter, Trump media incurred $10.9 million in legal fees, including fees related to the company's March 2024 merger with DWAC. The costs “include costs in lawsuits designed to recover personal and entity compensation related to the merger.

Additionally, the net loss of Trump Media, including $19.6 million in non-cash spending, was used for stock-based compensation, depreciation and amortization, resulted in a net loss of $31.7 million, while GAAP lost $39.5 million in the first quarter of 2025.

As of February 20, 2025, Trump owned 117.5 million TMTG of outstanding shares through a revocable trust, accounting for 52% of the total unissued shares.

As of Friday's market transactions, Trump's shares were worth about $2.86 billion. TMTG's stock has fallen by about 27% so far.

TMTG did not disclose the truth in the number of social users. President Trump has a truth society with 9.71 million followers, which he uses to make big announcements and post rants and memes (such as wearing the image of the pope himself). As of December 31, 2024, TMTG has approximately 29 full-time employees according to the SEC's latest 10-K document.

In addition to Truth Social, TMTG also operates streaming platform Truth+ and Fin-Tech brand Truth.fi. In the first quarter, the company said it “continues to focus on building its ecosystem, improving existing platforms and diversifying into financial services.”

“Trump Media believes its robust and uncancellable infrastructure, expanding range of services, and strong balance sheet that includes $759.0 million of cash and investments strongly positions the Company to begin implementing monetization plans on its platforms, fully launch Truth.Fi financial products, and continue pursuing new assets and/or partnerships, including via potential mergers and acquisitions,” TMTG said in the Q1 earnings press release.

The company said the Trump media’s mission is to end Big Tech’s attack on freedom of speech by opening the internet and giving back to people.”