Aug 10, 2026 earnings call — TAE merger, digital treasury, Truth API rollout
Reported Q2 revenue of approximately $1.7 million and $1.9 billion in gross financial assets as of June 30.
Revenue $0.0B · EPS $-0.86
Key quotes
"And as we've said previously, we continue to target closing this transaction by the end of 2026, subject to the customary regulatory and closing conditions."
"Following a period of reduced trading activity during our leadership transition, we've resumed a more active, disciplined framework focused on diversification, prudent risk management, active hedging, and responsible yield generation."
"To give you a sense of where things stand, we've signed more than 10 customer agreements to date, primarily high-frequency trading firms at rates generally in the range of $60,000 to $100,000 a month."
Analyst Q&A 1
TAE deal, Crypto.com, cash, Truth API
Q: They asked what is delaying the TAE S-4 filing and when filing and closing might happen. They also asked about the Crypto.com announcement, settlement costs and any Q3 hit, plans for the convertible notes, how much cash is liquid, how Truth Social will grow, Truth API fairness, and overall platform viability.
A: Management said they aim to file the S-4 as soon as possible using second quarter numbers and still aim to close by the end of the year, while noting the SEC process can affect timing. They are developing a marketing agreement with Crypto.com to promote its prediction market solutions to Truth Social users and may pursue similar partnerships; the CFO said the legal settlements are recorded through June 30, 2026 with the overwhelming majority accrued but some legacy expenses may hit Q3. They are exploring multiple options for the nearly $1 billion in convertible notes and said the strong balance sheet as of June 30, 2026 positions them to satisfy liabilities; they reported over $400 million of cash and short-term investments fully liquid and unencumbered, plus $1.2 billion of bitcoin and related assets as a possible source; Truth Social growth will focus on content, marketing and subscribers, and Truth API delivers licensed, real-time public feeds, which management called misinformed criticism and said will roll out to other sectors including retail investors.
"We aim to file the S-4 as soon as possible using our second quarter numbers, and we'll continue aiming for closing by the end of the year, understanding that the SEC process introduces other types of variables." — Kevin McGurn (CEO)