TON Strategy Co. (TONX) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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TONX Revenue Growth
Revenue Breakdown (FY 2022)
TONX's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
TONX Revenue Analysis (2013–2024)
As of May 8, 2026, TON Strategy Co. (TONX) generated trailing twelve-month (TTM) revenue of $7.8 million, reflecting explosive growth of +2719.5% year-over-year. The most recent quarter (Q3 2025) recorded $3.6 million in revenue, up 70.0% sequentially.
Looking at the longer-term picture, TONX's 5-year compound annual growth rate (CAGR) stands at -37.1%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $10.5 million in 2021.
Revenue diversification analysis shows TONX's business is primarily driven by SaaS Recurring Subscription Revenue (100%). With over half of revenue concentrated in SaaS Recurring Subscription Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including MSTR (+6.8% YoY), SMLR (-37.3% YoY), and BTBT, TONX has outperformed the peer group in terms of 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 | $8M | +2719.5% | -37.1% | -1301.0% | |
 MSTR | $477M | +6.8% | -0.1% | -1140.8% | |
 SMLR | $56M | -37.3% | +11.4% | 37.2% | |
 BTBT | $164M | - | - | 16.8% | |
 HUT | $15M | - | - | -2104.6% | |
 MARA | $907M | - | - | -90.6% |
TONX Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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 | - |
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Start ComparisonTONX — Frequently Asked Questions
Quick answers to the most common questions about buying TONX stock.
Is TONX's revenue growth accelerating or slowing?
TONX revenue is accelerating at +2719.5% year-over-year, exceeding the 5-year CAGR of -37.1%. TTM revenue reached $8M. Growth momentum has increased versus prior periods.
What is TONX's long-term revenue growth rate?
TON Strategy Co.'s 5-year revenue CAGR of -37.1% reflects the sustained expansion pattern. Current YoY growth of +2719.5% is above this long-term average.
How is TONX's revenue distributed by segment?
TONX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.