Trump Media & Technology Group posted a $410 million quarterly profit in Q3 2026 driven almost entirely by crypto gains and a subscription service that sells ultra-fast access to President Trump's Truth Social posts to high-frequency trading firms.
TMTG's Q3 filing shows the $410 million profit masked a struggling core business, with total revenue of $3 million-about $1.3 million from subscriptions to Truth API and Truth+, and $0.5 million from advertising. In August the company disclosed it had more than ten customers each paying $60,000 to $100,000 a month for a few-millisecond edge on Trump's posts, including Bloomberg, Susquehanna International Group and Jump Trading.
Legal costs fell to $2.4 million in Q3 from $20.3 million a year earlier, but TMTG now faces a lawsuit from the San Francisco City Attorney accusing it of violating California's Unfair Competition Law with Truth API, and a dispute with early investor Michael Melkersen. The arrangement has been accused of resembling pay-to-play insider trading, while investors have lost more than $2.2 billion and Trump's $460 million stake rose $30 million after the earnings release.