TON Strategy Co. (TONX) Revenue History
Annual and quarterly revenue from 2012 to present
TONX Revenue Over Time (2012–2025)
TONX Revenue Growth History
7 of 9 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- -100.0%
- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +433.3%
- FY2019 revenue growth
- +28337.5%
- FY2020 revenue growth
- +9.5%
- FY2021 revenue growth
- +5.6%
- FY2022 revenue growth
- -99.9%
- FY2023 revenue growth
- +687.5%
- FY2024 revenue growth
- +1320.6%
- FY2025 revenue growth
- +1327.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $5.3M | — |
| Q4 2025 | $5.7M | — |
| Q3 2025 | $3.6M | — |
| Q2 2025 | $2.1M | — |
| Q1 2025 | $1.3M | — |
| Q4 2024 | $723K | — |
| Q3 2024 | $128K | — |
| Q2 2024 | $37K | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2022)
TONX's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
TONX Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 21, 2026, TON Strategy Co. (TONX) generated trailing twelve-month (TTM) revenue of $16.7 million, reflecting explosive growth of +302.5% year-over-year. The most recent quarter (Q1 2026) recorded $5.3 million in revenue, down 8.5% sequentially.
Historical Growth Trajectory
TONX's 5-year compound annual growth rate (CAGR) stands at +5.1%, indicating steady revenue expansion. The 3-year CAGR of +1069.0% exceeds the 5-year average, indicating an acceleration in the most recent period. TON Strategy Co.'s highest annual revenue of $12.8 million was recorded in 2025, an all-time high.
Revenue by Segment
TONX's revenue is primarily driven by SaaS Recurring Subscription Revenue (100%). With over half of revenue concentrated in SaaS Recurring Subscription Revenue, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including MSTR (+6.8% YoY), SMLR (-37.3% YoY), and BTBT — TONX has outperformed the peer group in revenue growth. Compare TONX vs MSTR →
TONX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TONXCurrent | $17M | +302.5% | +5.1% | -260.7% | |
 MSTR | $477M | +6.8% | -0.1% | -1140.8% | |
 SMLR | $56M | -37.3% | +11.4% | 37.2% | |
 BTBT | $114M | - | - | -49.8% | |
 HUT | $15M | - | - | -2104.6% | |
 MARA | $907M | - | - | -90.6% |
TONX Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $12.8M | - | $8.9M | 69.5% | $-33,311,000 | -260.7% |
| 2024 | $895K | - | $671K | 75.0% | $-11,644,000 | -1301.0% |
| 2023 | $63K | - | $44K | 69.8% | $-13,795,000 | -21896.8% |
| 2022 | $8K | - | $5K | 62.5% | $-18,874,000 | -235925.0% |
| 2021 | $10.5M | - | $6.0M | 57.2% | $-33,712,000 | -320.3% |
| 2020 | $10.0M | - | $5.2M | 51.8% | $-24,737,000 | -248.2% |
| 2019 | $9.1M | - | $4.2M | 46.5% | $-15,834,000 | -174.0% |
| 2018 | $32K | - | $-20,000 | -62.5% | $-7,792,000 | -24350.0% |
| 2017 | $6K | - | $-2,000 | -33.3% | $-4,705,000 | -78416.7% |
| 2016 | $0 | - | $0 | - | $-3,130,988 | - |
| 2015 | $0 | - | $-362,626 | - | $-6,803,252 | - |
| 2014 | $0 | - | $0 | - | $-4,864,925 | - |
| 2013 | $7K | - | $7K | 100.0% | $-4,581,547 | -65770.1% |
| 2012 | $0 | - | $0 | - | $-3,399,348 | - |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
TONX — Frequently Asked Questions
Quick answers to the most common questions about buying TONX stock.
Is TONX's revenue growth accelerating or slowing?
TONX revenue growth is accelerating. TTM revenue reached $17M, up +302.5% year-over-year — ahead of the 5-year CAGR of +5.1%. This indicates the business is expanding faster than its historical baseline.
What is TONX's revenue history from 2012 to 2026?
TON Strategy Co. (TONX) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $17M, growing at +302.5% YoY. The 5-year CAGR is +5.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TONX's long-term revenue growth rate (CAGR)?
TON Strategy Co.'s 5-year revenue CAGR of +5.1% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +302.5% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TONX.
Why does TONX's quarterly revenue fluctuate?
TONX quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. TON Strategy Co.'s revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is TONX's revenue distributed by segment?
TONX reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TONX's revenue compare to industry peers?
TON Strategy Co. (TONX) with TTM revenue of $17M and +302.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.