Trump Media and Technology Group (NASDAQ: $DJT) reported first-quarter results, pointing to a larger financial asset base and positive operating cash flow.
At the same time, a steep net loss showed how crypto exposure continues to shape the company’s earnings profile
The company, which operates Truth Social, Truth+ and the financial services brand Truth.Fi, ended the quarter with $2.2 billion in total assets and about $2.1 billion in financial assets. The total included cash, short-term investments, equity securities, a note receivable, accrued interest, digital assets and pledged digital assets. TMTG said operating activities provided $17.9 million in cash, marking its fourth straight quarter of positive operating cash flow.
The figure gives the company more room to keep building its media, streaming and FinTech products while it works toward a proposed merger with TAE Technologies. More From Cryptoprowl: Revenue remained small relative to the balance sheet. TMTG posted $0.9 million in first-quarter revenue as it continues to focus on audience growth, platform infrastructure and future monetized features.