TON Strategy Company (TONX) Financial Statements & Analysis

TON Strategy Company (TONX) Income Statement

TON Strategy Company reported revenue of $12.78M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 1327.8% from $895.00K a year earlier. TON Strategy Company posted a net loss of $149.63M, compared with a net loss of $11.47M a year earlier. Gross margin was 69.5% and operating margin -285.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $15.02M, up 607.4% from the same quarter a year earlier.

TON Strategy Company Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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TON Strategy Company income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	12.78	0.90	0.06	0.01	0.01	10.52	10.52	9.97	9.97	9.10	0.03	0.01
Cost of Revenue	3.89	0.22	0.02	0.00	0.00	4.50	4.50	4.80	4.80	4.87	0.05	0.01
Gross Profit	8.89	0.67	0.04	0.01	0.01	6.02	6.02	5.16	5.16	4.23	-0.02	0.00
Operating Expenses
Research & Development	0.00	0.00	0.00	5.19	5.19	12.35	12.35	7.93	7.93	4.31	0.98	0.38
Selling, General & Administrative	40.60	11.24	11.51	17.77	17.77	25.71	25.71	20.46	20.46	14.71	6.79	4.33
Operating Expenses	45.33	12.32	13.84	18.88	18.88	39.73	39.73	29.90	29.90	20.06	7.77	4.70
Operating Income	-36.44	-11.64	-13.80	-18.87	-18.87	-33.71	-33.71	-24.74	-24.74	-15.83	-7.79	-4.71
Other Income/Expense
Interest Income	1.03	0.65	0.00	0.00	-	0.00	-	0.00	-	1.84	0.00	0.00
Interest Expense	0.00	-0.24	2.43	1.41	-1.41	2.58	-2.58	0.65	-0.89	1.84	1.83	0.97
Other Income/Expense	-112.18	1.13	-1.05	2.92	2.92	-0.77	-0.77	-0.22	0.67	-0.08	-4.33	-2.56
Income
Income Before Tax	-148.63	-10.51	-14.84	-15.96	-15.96	-34.49	-34.49	-24.96	-24.96	-15.92	-12.13	-7.26
Income Tax Expense	-0.23	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	-149.63	-11.47	-21.99	-37.44	-37.68	-34.49	-34.83	-24.96	-24.96	-15.92	-12.13	-7.27
Net Income - Continuous Operations	-148.39	-10.33	-21.99	-37.44	-15.96	-34.49	-34.49	-24.96	-	-15.92	-12.13	-7.27
Net Income - Discontinued Operations	-	-	-7.15	-	-21.48	-	-	-	-	-	-	-
EBITDA	-32.73	-11.57	-11.32	-13.44	-18.70	-29.68	-32.04	-22.25	-23.23	-12.68	-9.48	-6.27
EBIT	-33.02	-11.64	-13.80	-	-18.87	-	-33.71	-	-24.74	-	-	-
Depreciation & Amortization	1.31	0.08	2.33	1.11	0.18	2.23	1.68	2.06	1.51	1.39	0.02	0.02
Earnings Per Share
Basic EPS	-6.00	-19.00	-652.00	-3105.00	-3105.00	-4400.00	-4400.00	-6422.00	-	-	-	-
Diluted EPS	-6.00	-19.00	-652.00	-3105.00	-1336.00	-4400.00	-4400.00	-6422.00	-	-	-	-
Basic Shares Outstanding	25.11	0.59	0.03	0.01	0.01	0.01	0.01	0.00	-	0.00	0.00	0.00
Diluted Shares Outstanding	25.11	0.59	0.03	0.01	0.01	0.01	0.01	0.00	-	0.00	0.00	0.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About TON Strategy Company Financial Statements

What was TON Strategy Company's revenue in fiscal 2025?

TON Strategy Company reported revenue of $12.78M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 1327.8% from $895.00K a year earlier.

Is TON Strategy Company profitable?

No. TON Strategy Company reported a net loss of $149.63M in fiscal 2025. In fiscal 2024 it lost $11.47M.

What is TON Strategy Company's operating margin?

TON Strategy Company's operating income was −$36.44M on revenue of $12.78M in fiscal 2025, an operating margin of -285.2%, compared with -1301.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition