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TON Strategy Co (TONX)

TON Strategy Co brought in $29.6M of revenue over the twelve months to June 30, 2026, up 592.3% from a year earlier. It posted a net loss of $157.8M. In fiscal 2025 capital spending exceeded operating cash flow by $20.9M. At June 30, 2026 it held $28.8M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 11, 2026.

Price
$3.58
-7.62% on the day · September 25, 2026
52-week range $1.75 to $7.51
Market cap
$196.9M
Revenue (last 12 months)
$29.6M
+592.3% year on year
Net margin
-532.8%

What TON Strategy Co does

TON Strategy Co is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker TONX.

Revenue and profit by year

Revenue
FY18: $32K $32K FY18FY19: $9.1M $9.1M FY19FY20: $10M $10M FY20FY21: $10.5M $10.5M FY21FY22: $8K $8K FY22FY23: $63K $63K FY23FY24: $895K $895K FY24FY25: $12.8M $12.8M FY25
Net income
FY18: -$12.1M -$12.1M FY18FY19: -$15.9M -$15.9M FY19FY20: -$25M -$25M FY20FY21: -$34.5M -$34.5M FY21FY22: -$37.4M -$37.4M FY22FY23: -$22M -$22M FY23FY24: -$10.3M -$10.3M FY24FY25: -$148.5M -$148.5M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$12.8M-$36.4M-$148.5M-$5.96-$20.9M
2024$895K-$11.6M-$10.3M-$19.36-$9.1M
2023$63K-$13.8M-$22M-$441.48-$8.8M
2022$8K-$18.9M-$37.4M-$1,334.43-$19.4M
2021$10.5M-$33.7M-$34.5M-$109.87-$25.9M
2020$10M-$24.7M-$25M-$159.81-$16.6M

Latest SEC filings

What TON Strategy Co has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 16, 2026
  2. August 17, 2026
  3. August 11, 2026
    Quarterly report 10-Q · period to June 30, 2026
  4. August 11, 2026
  5. August 10, 2026
  6. July 10, 2026
  7. July 1, 2026
  8. June 23, 2026
  9. June 12, 2026
  10. May 12, 2026
    Quarterly report 10-Q · period to March 31, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 8, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about TONX

What does TON Strategy Co do?

TON Strategy Co is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker TONX.

Is TON Strategy Co profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $157.8M on revenue of $29.6M.

How much revenue does TON Strategy Co make?

Over the twelve months to June 30, 2026 TON Strategy Co reported revenue of $29.6M. That is 592.3% more than a year earlier.

When did TON Strategy Co last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 11, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the investor disclosure from September 16, 2026.

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Where the numbers come from

Financial figures are the values TON Strategy Co tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.