Revenue
2013
2017
2018
2019
2020
2021
2022
2023
2024
2025
TON Strategy Co (TONX)
Price$3.29Cached quote
Net income
2013
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2013
2014
2015
2016
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2013
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 · Dec 31 | 2013 · Nov 30 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.8M | $895,000 | $63,000 | $9.4M | $10.5M | $10.0M | $9.1M | $32,000 | $6,000 | — | — | — | — | $6,966 |
| Gross profit | $8.9M | $671,000 | $44,000 | $6.1M | $6.0M | $5.2M | $4.2M | −$20,000 | −$2,000 | — | — | — | — | — |
| Gross margin | 69.53% | 74.97% | 69.84% | 64.91% | 57.20% | 51.82% | 46.48% | −62.50% | −33.33% | — | — | — | — | — |
| Research & development | — | — | — | $5.2M | $12.3M | $7.9M | $4.3M | $980,000 | $375,000 | $257,803 | $241,637 | $156,762 | $485,429 | — |
| Operating expenses | $49.2M | $12.5M | $13.9M | $18.9M | $39.7M | $29.9M | $20.1M | $7.8M | $4.7M | $3.1M | $6.8M | — | — | $25,210 |
| Operating income | −$36.4M | −$11.6M | −$13.8M | −$18.9M | −$33.7M | −$24.7M | −$15.8M | −$7.8M | −$4.7M | −$3.1M | −$6.8M | −$4.9M | −$4.6M | −$18,244 |
| Operating margin | −285.17% | −1,301.01% | −21,896.83% | −200.04% | −320.33% | −248.24% | −174.00% | −24,350.00% | −78,416.67% | — | — | — | — | −261.90% |
| EBITDA | −$35.1M | −$10.6M | −$11.5M | −$17.8M | −$32.0M | −$23.2M | −$14.8M | −$7.8M | −$4.7M | −$3.1M | −$6.4M | −$4.9M | −$4.6M | — |
| EBITDA margin | −274.96% | −1,180.67% | −18,196.83% | −188.30% | −304.40% | −233.09% | −162.55% | −24,287.50% | −78,050.00% | — | — | — | — | — |
| Net income | −$148.5M | −$10.3M | −$22.0M | −$37.4M | −$34.5M | −$25.0M | −$15.9M | −$12.1M | −$7.3M | −$4.3M | −$7.0M | −$5.2M | −$4.6M | −$18,244 |
| Net profit margin | −1,161.90% | −1,154.08% | −34,911.11% | −396.79% | −327.69% | −250.44% | −174.92% | −37,896.88% | −121,100.00% | — | — | — | — | −261.90% |
| Basic EPSper basic share | -$5.96 | -$19.36 | -$441.48 | -$6.68 | -$22.00 | -$32.00 | -$31.60 | -$49.20 | -$41.20 | -$30.00 | -$66.00 | -$78.00 | -$78.00 | $0.00 |
| Diluted EPSper diluted share | -$5.96 | -$19.36 | -$441.48 | -$6.68 | -$22.00 | -$32.00 | -$31.60 | -$49.20 | -$41.20 | -$30.00 | -$66.00 | -$78.00 | -$78.00 | — |
Owners
Reported shareholders
21.39%of listed shares
Kingsway Capital Partners Ltd12.09M shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
Kingsway Capital Partners Ltd | 21.39%12.09M shares |
VY Capital Management Co. Ltd. | 10.84%6.13M shares |
ARISTEIA CAPITAL, L.L.C. | 8.66%4.9M shares |
Stotz Manuel | ≈4.06%2.3M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.87%2.19M shares |
Ribbit Management Company, LLC | 2.79%1.58M shares |
Long Corridor Asset Management Ltd | 1.82%1.03M shares |
BlackRock, Inc. | 1.51%854.84K shares |
Geiskopf James P | ≈1.42%800.76K shares |
UBS Group AG | 1.41%798.58K shares |
DRW Securities, LLC | 1.40%788.64K shares |
Saba Capital Management, L.P. | 1.27%717.33K shares |
Kapustina Veronika | ≈1.12%631.86K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.95%538.43K shares |
Techar William R. | ≈0.83%467.93K shares |
Frascella Anthony M. | ≈0.83%467.93K shares |
Arrington Capital Management, LLC | 0.67%378.55K shares |
VANGUARD FIDUCIARY TRUST CO | 0.51%286.61K shares |
JANE STREET GROUP, LLC | 0.41%231.53K shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.41%229.62K shares |
Percentages use 56.53M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| May 15, 2026Form 4 | Marbach MaryGeneral Counsel/Corp Secretary | BuyCommon Stock | 1.6K | $3.52 | $5.6K | 1.6K |
| May 14, 2026Form 4/A | Wilson Kevin MarkChief Executive Officer | BuyCommon Stock | 8.0K | $3.66 | $29.4K | 8.0K |
| May 14, 2026Form 4/A | Sohn EvanDirector | BuyCommon Stock | 2.8K | $3.59 | $9.9K | 5.4K |
| May 14, 2026Form 4 | Sohn EvanDirector | BuyCommon Stock | 2.8K | $3.59 | $9.9K | 5.4K |
| May 14, 2026Form 4 | Wilson Kevin MarkChief Executive Officer | BuyCommon Stock | 8.0K | $3.66 | $29.4K | 8.0K |