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MARKETS / NASDAQ / TONX
NASDAQ · FINANCE SERVICES · SMALL CAP

TON Strategy Co. TONX

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$12.8M
▲ 1327.8% YoY
$-148.5M
$-20.9M
Growth
USD 12.8M
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2025 · Revenue 12.8 · Net income -148.5
-50M-100M2013201520172019202120232025
Compound annual growth
+1069.0%
+5.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−1161 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -285.2% · Net -1161.2%
-200000%-400000%2013201520172019202120232025
ROE
FY2025 · ROE -70.3%
-200%-400%2013201520172019202120232025

Each USD of equity lost 70 cents this year.

Cash & shareholders
USD 13.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -20.9
-10M-20M2013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 13.4
5M10M-1M-2M201620182025

USD 13.4M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 411.2M
EquityUSD 406.5M
CashUSD 39.5M
Current ratio9.23×

Equity funds 99% of total assets.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B0.00.00.00.00.00.00.00.00.0···0.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B−0.0···0.00.00.0−0.00.00.0···
Net income $B−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0··−0.0−0.0−0.0−0.0
EPS, diluted $−5.96−19.36−441.48−6.68−0.55−0.80−0.79−1.23−1.03−0.05−0.11−0.13−0.13
Dividend / sh $·············
Payout %·············
ROE %−70.3−106.9−530.6−405.0−286.6−224.9−498.2····−539.9·
Shares out B0.060.000.000.000.000.050.020.010.010.090.060.060.04

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 2 failures in 57 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 34 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente2 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2013

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