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…