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

TON Strategy Co. TONX

13 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$12.8M
▲ 1327.8% vs FY2024
EPS · FY25
$-5.96
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-70.3%
Net margin · FY25
-1161.9%
Dividend coverage
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Result
USD 12.8M
Revenue, FY2025 · full 13-year series below
Revenue Net income
0.0040.0080.0120.0160.0-0.120132016201920222025
0.0040.0080.0120.0160.0-0.12016201920222025

The company lost 1162 cents on every revenue dollar this year.

Per share
USD -5.96
Diluted EPS, FY2025
EPS
0.40.81.2-5.9620132016201920222025
0.40.81.2-5.962016201920222025

The company pays no cash dividend.

Profitability
-70.3%
Return on equity, FY2025
ROE
0.250.50.751-70.3%20132016201920222025
0.250.50.751-70.3%2016201920222025
Operating margin-285.2%
Net margin-1161.9%
Return on assets-68.8%

Each USD of equity lost 70 cents this year.

Returned to shareholders
USD 13.4M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 13.4M
Share of profit-9.0%
Consecutive raises

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

Growth
+5.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+1069.0%
+5.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.06B
Shares outstanding, FY2025
0.040.0620132016201920222025
0.090.062016201920222025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 411.2M
total assets, end of FY2025
Total assetsUSD 411.2M
EquityUSD 406.5M
CashUSD 39.5M
Current ratio9.23×

Equity funds 99% of total assets.

History
13 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
·
·
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
·
·
·
0.0
0.0
0.0
−0.0
0.0
0.0
·
·
·
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
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 B
0.06
0.00
0.00
0.00
0.00
0.05
0.02
0.01
0.01
0.09
0.06
0.06
0.04

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
43 of 44
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 1 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed