TMTG reported a net loss of $712.3 million for the year ended December 31, 2025, a significant increase from a $400.8 million net loss in 2024. Revenue slightly increased to $3.68 million in 2025 from $3.61 million in 2024, primarily due to subscriptions to the new Truth+ Patriot Package, partially offset by a slight decrease in advertising revenue on Truth Social. Operating costs and expenses surged to $576.7 million in 2025 from $189.6 million in 2024, largely due to a $403.2 million realized and unrealized loss on digital assets. The company ended 2025 with approximately $2.47 billion in cash, cash equivalents, restricted cash, short-term investments, equity securities, convertible note receivable, interest receivable, digital assets, and digital assets pledged, and $947.1 million of debt. TMTG launched Truth+, a TV streaming platform, and Truth.Fi, a financial services and FinTech brand, including a bitcoin treasury strategy and five new ETFs on the NYSE. A private placement offering in May 2025 raised approximately $2.44 billion, consisting of $1.44 billion from common stock sales and $1.00 billion from 0.00% convertible senior secured notes due 2028. TMTG entered into a definitive agreement for a business combination to establish Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on Cronos acquisition, with expected funding of $1 billion in Cronos from Crypto.com, $200 million in cash, and a $5 billion equity line of credit. A merger agreement with TAE Technologies, Inc. was signed in December 2025, which is expected to result in TMTG's pre-merger shareholders owning approximately 50% of the combined company. The material weakness in internal control over financial reporting identified in 2024 was remediated as of December 31, 2025. Ongoing litigation with ARC and Patrick Orlando in Florida and Delaware continues, with significant legal fees incurred ($66.8 million in 2025). President Donald J. Trump transferred 100% of his interest in TMTG to the Donald J. Trump Revocable Trust dated April 7, 2014, of which Donald J. Trump Jr. is the sole trustee.