8-K Announcements
6Mar 31, 2026·SEC
Mar 26, 2026·SEC
Mar 2, 2026·SEC
TON Strategy Co. (TONX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TON Strategy Co. (TONX) stock price & volume — 10-year historical chart
TON Strategy Co. (TONX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
TON Strategy Co. (TONX) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 24, 2026 | $2.20vs $1.77-24.3% | $6Mvs $1M+310.1% |
| Q4 2025 | Nov 12, 2025 | $1.00vs $1.90+47.4% | $4Mvs $1M+157.8% |
| Q3 2025 | Aug 6, 2025 | $1.79vs $2.04+12.3% | $2Mvs $1M+51.6% |
| Q2 2025 | May 13, 2025 | $2.51vs $3.14+20.1% | $1Mvs $900,000+45.0% |
TON Strategy Co. (TONX) competitors in Non-core and special situations vehicles — business model, growth, and fundamentals comparison
TON Strategy Co. (TONX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TON Strategy Co. (TONX) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -739.17K | -973K | -2.63M | -3.47M | -646K | -2.58M | -1.41M | -2.43M | 929K | 829K |
| NII Growth % | -386.38% | -31.63% | -170.09% | -32% | 81.38% | -298.61% | 45.24% | -72.48% | 138.2% | 497.97% |
| Net Interest Margin % | -709.36% | -1071.55% | -292.65% | -12.23% | -1.99% | -7.48% | -5.76% | -22.44% | 4.5% | 0.13% |
| Interest Income | 0 | 0 | 0 | 1.84M | 0 | 0 | 0 | 0 | 692K | 831K |
| Interest Expense | 739.17K | 973K | 1.83M | 1.84M | 646K | 2.58M | 1.41M | 2.43M | -237K | 2K |
| Loan Loss Provision | -739.17K | -965K | -1.78M | 3.03M | 4.16M | 1.93M | -1.41M | -2.41M | 461K | 2.32M |
| Non-Interest Income | 0 | 6K | 32K | 7.26M | 9.96M | 10.52M | 8K | 63K | 203K | 6.93M |
| Non-Interest Income % | - | 100% | 100% | 79.74% | 100% | 100% | 100% | 100% | 22.68% | 89.29% |
| Total Revenue | 0▲ 0% | 6K▲ 0% | 32K▲ 433.3% | 9.1M▲ 28337.5% | 9.96M▲ 9.5% | 10.52M▲ 5.6% | 8K▼ 99.9% | 63K▲ 687.5% | 895K▲ 1320.6% | 7.76M▲ 0% |
| Revenue Growth % | - | - | 433.33% | 28337.5% | 9.51% | 5.61% | -99.92% | 687.5% | 1320.63% | 29293.33% |
| Non-Interest Expense | 3.13M | 4.7M | 7.77M | 20.06M | 29.9M | 39.73M | 18.88M | 13.84M | 12.31M | 36.45M |
| Efficiency Ratio | - | 78383.33% | 24287.5% | 220.48% | 300.06% | 377.54% | 235987.5% | 21966.67% | 1375.98% | 469.72% |
| Operating Income | -3.13M▲ 0% | -4.71M▼ 50.3% | -7.79M▼ 65.6% | -15.83M▼ 103.2% | -24.74M▼ 56.2% | -33.71M▼ 36.3% | -18.87M▲ 44.0% | -13.79M▲ 26.9% | -11.64M▲ 15.6% | -31.01M▲ 0% |
| Operating Margin % | - | -78416.67% | -24350% | -174% | -248.24% | -320.33% | -235925% | -21896.83% | -1301.01% | -399.63% |
| Operating Income Growth % | 53.98% | -50.27% | -65.61% | -103.21% | -56.23% | -36.28% | 44.01% | 26.91% | 15.59% | - |
| Pretax Income | -4.27M▲ 0% | -7.26M▼ 70.0% | -12.13M▼ 66.9% | -15.92M▼ 31.3% | -24.95M▼ 56.8% | -34.48M▼ 38.2% | -15.96M▲ 53.7% | -14.84M▲ 7.0% | -10.33M▲ 30.4% | 90.71M▲ 0% |
| Pretax Margin % | - | -121066.67% | -37893.75% | -174.9% | -250.43% | -327.68% | -199475% | -23561.9% | -1154.08% | 1168.96% |
| Income Tax | 866 | 2K | 1K | 2K | 1K | 1K | 0 | 0 | 0 | 14.15M |
| Effective Tax Rate % | -0.02% | -0.03% | -0.01% | -0.01% | -0% | -0% | 0% | 0% | 0% | 15.6% |
| Net Income | -4.27M▲ 0% | -7.27M▼ 70.0% | -12.13M▼ 66.9% | -15.92M▼ 31.3% | -24.96M▼ 56.8% | -34.49M▼ 38.2% | -37.44M▼ 8.6% | -21.99M▲ 41.3% | -10.33M▲ 53.0% | 76.21M▲ 0% |
| Net Margin % | - | -121100% | -37896.88% | -174.92% | -250.44% | -327.69% | -467962.5% | -34911.11% | -1154.08% | 982.06% |
| Net Income Growth % | 38.55% | -70% | -66.9% | -31.26% | -56.78% | -38.19% | -8.56% | 41.25% | 53.04% | 857.84% |
| Net Income (Continuing) | -4.27M | -7.27M | -12.13M | -15.92M | -24.96M | -34.49M | -15.96M | -14.84M | -10.33M | 76.56M |
| EPS (Diluted) | -32.22▲ 0% | -7324.60▼ 22633.1% | -9840.00▼ 34.3% | -6320.00▲ 35.8% | -6422.35▼ 1.6% | -4400.00▲ 31.5% | -3106.00▲ 29.4% | -652.00▲ 79.0% | -0.02▲ 100.0% | 2.04▲ 0% |
| EPS Growth % | 51.59% | -22633.08% | -34.34% | 35.77% | -1.62% | 31.49% | 29.41% | 79.01% | 100% | 91.99% |
| EPS (Basic) | -32.22 | -7324.60 | -9840.00 | -6320.00 | -6400.00 | -4400.00 | -3106.00 | -652.00 | -0.02 | - |
| Diluted Shares Outstanding | 132.67K | 992 | 1.23K | 2.52K | 4.5K | 7.92K | 12.13K | 33.99K | 592.48K | 37.32M |
TON Strategy Co. (TONX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 16.76K | 10.56K | 634K | 983K | 1.81M | 937K | 2.43M | 4.35M | 12.53M | 86.4M |
| Cash & Due from Banks | 16.76K | 10.56K | 634K | 983K | 1.81M | 937K | 2.43M | 4.35M | 7.62M | 53.04M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.91M | 0 |
| Total Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1.53M | 0 | 4.91M | 0 |
| Investments Growth % | - | - | - | - | - | - | - | -100% | - | 272.88% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1.53M | 0 | 0 | 826K |
| Accounts Receivables | 8.47K | 0 | 1K | 1.27M | 919K | 1.38M | 1.02M | 0 | 350K | 865K |
| Goodwill & Intangibles | 535.16K | 0 | 0 | 21.7M | 25.21M | 28.07M | 83K | 4.11M | 3.17M | 6.18M |
| Goodwill | 0 | 0 | 0 | 16.34M | 20.06M | 19.76M | 0 | 0 | 0 | 5.17M |
| Intangible Assets | 535.16K | 0 | 0 | 5.37M | 5.15M | 8.3M | 83K | 4.11M | 3.17M | 1.01M |
| PP&E (Net) | 52.07K | 30.55K | 11K | 4M | 3.59M | 2.88M | 8.06M | 261K | 671K | 0 |
| Other Assets | -519.12K | 8.78K | 169K | 69K | 69K | 293K | 10.76M | 1.79M | 326K | 597.26M |
| Total Current Assets | 36.1K | 51.47K | 718K | 2.59M | 3.67M | 3.19M | 4.06M | 4.68M | 16.47M | 58.43M |
| Total Non-Current Assets | 68.1K | 39.33K | 180K | 25.77M | 28.87M | 31.24M | 20.43M | 6.16M | 4.17M | 603.44M |
| Total Assets | 104.2K▲ 0% | 90.8K▼ 12.9% | 898K▲ 889.0% | 28.36M▲ 3058.0% | 32.54M▲ 14.8% | 34.43M▲ 5.8% | 24.49M▼ 28.9% | 10.84M▼ 55.7% | 20.64M▲ 90.4% | 661.88M▲ 0% |
| Asset Growth % | -56.55% | -12.86% | 888.95% | 3058.02% | 14.75% | 5.8% | -28.87% | -55.74% | 90.38% | 2968.66% |
| Return on Assets (ROA) | -2484.82% | -7452.08% | -2452.86% | -108.81% | -81.96% | -102.98% | -127.07% | -124.5% | -65.64% | 42.07% |
| Accounts Payable | 431.65K | 665K | 1.15M | 4.34M | 2.57M | 3.75M | 3.98M | 1.41M | 731K | 3.77M |
| Total Debt | 2.82M | 3.11M | 2M | 5.89M | 6.07M | 3.81M | 8.95M | 2.38M | 464K | 247K |
| Net Debt | 2.81M | 3.1M | 1.36M | 4.91M | 4.26M | 2.87M | 6.53M | -1.97M | -7.15M | -52.79M |
| Long-Term Debt | 0 | 0 | 1.06M | 1.06M | 1.46M | 875K | 1.22M | 362K | 98K | 0 |
| Short-Term Debt | 2.82M | 3.11M | 930K | 844K | 1.08M | 40K | 6.16M | 1.79M | 144K | 143K |
| Other Liabilities | 0 | 0 | 0 | 1.04M | 521K | 0 | 0 | 0 | 0 | 100K |
| Total Current Liabilities | 3.57M | 5.88M | 4.89M | 11.22M | 16.88M | 17.93M | 16.53M | 7.19M | 4.29M | 7.81M |
| Total Non-Current Liabilities | 3.25M | 3.77M | 1.06M | 5.7M | 4.92M | 3.17M | 2.8M | 526K | 320K | 14.61M |
| Total Liabilities | 3.57M | 5.88M | 5.95M | 16.91M | 21.8M | 21.11M | 19.33M | 7.71M | 4.61M | 22.42M |
| Total Equity | -3.47M▲ 0% | -5.79M▼ 66.9% | -5.05M▲ 12.7% | 11.45M▲ 326.4% | 10.74M▼ 6.1% | 13.32M▲ 24.0% | 5.17M▼ 61.2% | 3.13M▼ 39.5% | 16.02M▲ 412.7% | 639.46M▲ 0% |
| Equity Growth % | -48.06% | -66.92% | 12.68% | 326.41% | -6.12% | 23.98% | -61.22% | -39.51% | 412.67% | 3860.54% |
| Equity / Assets (Capital Ratio) | -3328.33% | -6375.38% | -562.92% | 40.36% | 33.02% | 38.69% | 21.09% | 28.83% | 77.64% | 96.61% |
| Return on Equity (ROE) | - | - | - | -498.22% | -224.93% | -286.58% | -404.99% | -530.55% | -107.9% | 44.22% |
| Book Value per Share | -26.14 | -5835.72 | -4099.76 | 4536.27 | 2387.25 | 1683.13 | 425.71 | 91.93 | 27.04 | 17.14 |
| Tangible BV per Share | -30.18 | -5835.72 | -4099.76 | -4065.40 | -3214.40 | -1862.67 | 418.87 | -28.89 | 21.69 | 16.97 |
| Common Stock | 9.46K | 11.91K | 1K | 2K | 3.07M | 7K | 1K | 2K | 1K | 6K |
| Additional Paid-in Capital | 17.82M | 22.75M | 35.61M | 68.03M | 89.22M | 129.34M | 158.63M | 175.76M | 0 | 747.95M |
| Retained Earnings | -21.27M | -28.54M | -40.67M | -56.59M | -81.54M | -116.03M | -153.46M | -175.62M | -187.09M | -108.85M |
| Accumulated OCI | -55.49K | -77.01K | -97K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.98M | 0 | 0 |
TON Strategy Co. (TONX) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.6M | -1.68M | -4.16M | -8.12M | -16.29M | -25.88M | -19.41M | -10.6M | -8.77M | -8.77M |
| Operating CF Growth % | 44.04% | -4.55% | -147.88% | -95.29% | -100.71% | -58.81% | 25.01% | 45.39% | 17.29% | -382.03% |
| Net Income | -4.27M | -7.27M | -12.13M | -15.92M | -24.96M | -34.49M | -37.44M | -21.99M | -10.51M | 76.21M |
| Depreciation & Amortization | 21.3K | 22K | 20K | 1.39M | 2.06M | 2.23M | 2.53M | 2.33M | 1.08M | 1.24M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.15M |
| Other Non-Cash Items | 860.02K | 2.25M | 7.38M | 5.29M | 346K | 6.65M | 11.66M | 6.6M | 305K | -123.38M |
| Working Capital Changes | 487.37K | 784K | 568K | 1.12M | 142K | -269K | -618K | -38K | -1.72M | -1.86M |
| Cash from Investing | -2.49K | 0 | 0 | -14.59M | -88K | -2.26M | -4.75M | 4.44M | -5.38M | -294.66M |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.5M | -296.21M |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 545K | 6.13M |
| Net Investment Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.96M | -290.08M |
| Acquisitions | 0 | 0 | 0 | -14.44M | 229K | 11K | 3K | 0 | 0 | -4.22M |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | -1K | 4.48M | -86K | -2K |
| Cash from Financing | 1.52M | 1.67M | 4.78M | 23.06M | 17.21M | 27.26M | 25.65M | 8.08M | 18.29M | 352.71M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -166.23K | 0 | -20K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 1.52M | 796K | 2.98M | 18.52M | 16.78M | 25.65M | 24.06M | 9.21M | 18.6M | 373.32M |
| Net Stock Activity | 1.36M | 796K | 2.96M | 18.52M | 16.78M | 25.65M | 24.06M | 9.21M | 18.6M | 373.32M |
| Debt Issuance (Net) | 162.45K | 813K | 927K | -923K | -618K | 1000K | 1000K | -1000K | -19K | -123K |
| Other Financing | 0 | 50K | 894K | 766K | 1.05M | 0 | -4.48M | -2.62M | -285K | 0 |
| Net Change in Cash | -86.26K▲ 0% | -6K▲ 93.0% | 623K▲ 10483.3% | 349K▼ 44.0% | 832K▲ 138.4% | -878K▼ 205.5% | 1.49M▲ 269.9% | 1.92M▲ 29.0% | 4.14M▲ 115.3% | 43.41M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 103.02K | 17K | 11K | 634K | 983K | 1.81M | 937K | 2.43M | 4.35M | 5.23M |
| Cash at End | 16.76K | 11K | 634K | 983K | 1.81M | 937K | 2.43M | 4.35M | 8.49M | 53.92M |
| Interest Paid | 129.87K | 326K | 402K | 146K | 120K | 0 | 359K | 399K | 0 | 0 |
| Income Taxes Paid | 800 | 2K | 1K | 2K | 1K | 0 | 1K | 2K | 1K | 0 |
| Free Cash Flow | -1.61M▲ 0% | -1.68M▼ 4.4% | -4.16M▼ 147.9% | -8.26M▼ 98.8% | -16.61M▼ 101.0% | -28.15M▼ 69.5% | -24.16M▲ 14.2% | -10.9M▲ 54.9% | -9.11M▲ 16.5% | -14.88M▲ 0% |
| FCF Growth % | 45.14% | -4.39% | -147.88% | -98.8% | -101% | -69.47% | 14.19% | 54.87% | 16.47% | -60.35% |
TON Strategy Co. (TONX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | - | -498.22% | -224.93% | -286.58% | -404.99% | -530.55% | -107.9% | 44.22% |
| Return on Assets (ROA) | -2484.82% | -7452.08% | -2452.86% | -108.81% | -81.96% | -102.98% | -127.07% | -124.5% | -65.64% | 42.07% |
| Net Interest Margin | -709.36% | -1071.55% | -292.65% | -12.23% | -1.99% | -7.48% | -5.76% | -22.44% | 4.5% | 0.13% |
| Efficiency Ratio | - | 78383.33% | 24287.5% | 220.48% | 300.06% | 377.54% | 235987.5% | 21966.67% | 1375.98% | 469.72% |
| Equity / Assets | -3328.33% | -6375.38% | -562.92% | 40.36% | 33.02% | 38.69% | 21.09% | 28.83% | 77.64% | 96.61% |
| Book Value / Share | -26.14 | -5.84K | -4.1K | 4.54K | 2.39K | 1.68K | 425.71 | 91.93 | 27.04 | 17.14 |
| NII Growth | -386.38% | -31.63% | -170.09% | -32% | 81.38% | -298.61% | 45.24% | -72.48% | 138.2% | 590.53% |
| Dividend Payout | - | - | - | - | - | - | - | - | - | 0% |
TON Strategy Co. (TONX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 31, 2026·SEC
Mar 26, 2026·SEC
Mar 2, 2026·SEC
TON Strategy Co. (TONX) stock FAQ — growth, dividends, profitability & financials explained
TON Strategy Co. (TONX) grew revenue by 1320.6% over the past year. This is strong growth.
Yes, TON Strategy Co. (TONX) is profitable, generating $76.2M in net income for fiscal year 2024 (-1154.1% net margin).
TON Strategy Co. (TONX) has a return on equity (ROE) of -107.9%. Negative ROE indicates the company is unprofitable.
TON Strategy Co. (TONX) has a net interest margin (NIM) of 4.5%. This indicates healthy earnings from lending activities.
TON Strategy Co. (TONX) has an efficiency ratio of 1376.0%. This is higher than peers, suggesting room for cost optimization.
TON Strategy Co. (TONX) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates