VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemes
DCF ValuationCalculate intrinsic value of US stocks
Market ValuationBuffett indicator, CAPE & macro gauges
Total ReturnSee dividends + price return history
DCA CalculatorSimulate recurring buys & compounding
Earnings
FAANG & Tech
AAPL vs MSFTNVDA vs AMDGOOGL vs META
Cloud & Cyber
CRM vs NOWCRWD vs PANWSNOW vs DDOG
Consumer & Auto
TSLA vs FAMZN vs WMTNFLX vs DIS
Finance & Crypto
JPM vs BACV vs MACOIN vs MSTR
Pharma & Energy
LLY vs NVOJNJ vs PFEXOM vs CVX
Compare Any Stocks...
WatchlistInsider
ScreenerThemes
Earnings
WatchlistInsider
TONX
← Back to Screener
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Data updated daily

Product

  • Screener
  • Themes
  • Valuation
  • Total Return
  • DCA Calculator
  • News
  • Earnings

Resources

  • Market Valuation
  • Compare
  • Insider Activity
  • Methodology
  • How It Works
  • Glossary
  • Learn

Get Ideas

Get weekly stock ideas — free

© 2026 VCP Scanner
AboutPrivacyTerms
Not financial advice. Do your own research.
ScreenerNewsCompareWatchlist
TONXTON Strategy Co.
$3.39$2.0B
Overview & Verdict
Overview
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice HistoryTechnical Analysis
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Ownership
Holders

TONX logoTON Strategy Co.(TONX)Earnings, Financials & Key Ratios

TONX•NASDAQ
$3.39
Price updated Jul 7, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryNon-core and special situations vehicles
AboutThe first NASDAQ‑listed publicly traded treasury for Toncoin ($TON), the native cryptocurrency of The Open Network (TON). The company accumulates and stakes $TON to build a long-term treasury, offering regulated market exposure to TON through structured capital deployment and staking rewards.Show more
  • EBITDA-$32M-202.9%
  • Net Income-$148M-1337.5%
  • EPS (Diluted)-5.96-34152.9%
  • Gross Margin69.53%-7.3%
  • EBITDA Margin-250.46%+78.8%
  • Operating Margin-260.67%+80.0%
  • Net Margin-1161.9%-0.7%
  • ROE-70.3%+34.8%

TONX Price & Volume

TON Strategy Co. (TONX) stock price & volume — 10-year historical chart

Loading chart...

Rapid Asset Scaling Faces Structural Profitability Headwinds

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Accelerating
Profitability:Negative
Financial:Healthy
Cash Flow:Burning
Primary Risk:Regulatory and asset volatility

Key Thesis Takeaways

  • TONX demonstrates explosive revenue growth driven by its staking-as-a-service model, yet the firm remains fundamentally challenged by a -260.67% operating margin and persistent negative free cash flow.
  • While the company maintains a debt-free balance sheet with a 9.23 current ratio, the reliance on non-cash fair value adjustments for net income creates significant earnings volatility.
  • Investors should monitor whether the firm can transition from its current high-burn operational phase to a sustainable, cash-generative model as the TON ecosystem matures.

Verdict Logic

the company's persistent operational cash burn and reliance on external capital, highlighted by a -89.4% FCF margin in 2026Q1, suggest significant execution risk despite the recent expansion in total assets to $321.7M.

TONX Growth Metrics

TON Strategy Co. (TONX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years5.1%
3 Years1068.97%
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-2407.97%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM74.6%

Return on Capital

10 Years-160.76%
5 Years-146.76%
3 Years-123.27%
Last Year-15.75%

TONX Recent Earnings

TON Strategy Co. (TONX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 7/12 qtrs (70%)
Q2 2026Latest
May 12, 2026
Metric
Actual
Est
EPS
$0.05+96.5%
$1.42
Rev
$5M+162.7%
$2M
Q2 2026
Mar 24, 2026
Metric
Actual
Est
EPS
$2.20-24.3%
$1.77
Rev
$6M+310.1%
$1M
Q4 2025
Nov 12, 2025
Metric
Actual
Est
EPS
$1.00+47.4%
$1.90
Rev
$4M+157.8%
$1M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$1.79+12.3%
$2.04
Rev
$2M+51.6%
$1M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 12, 2026
$0.05vs $1.42+96.5%
$5Mvs $2M+162.7%
Q2 2026Mar 24, 2026
$2.20vs $1.77-24.3%
$6Mvs $1M+310.1%
Q4 2025Nov 12, 2025
$1.00vs $1.90+47.4%
$4Mvs $1M+157.8%
Q3 2025Aug 6, 2025
$1.79vs $2.04+12.3%
$2Mvs $1M+51.6%
Based on last 12 quarters of dataView full earnings history →

Latest TONX News

Recent stock market news and headlines for TON Strategy Co. (TONX)

GlobeNewsWire·Jul 1, 2026
TON Strategy Company Advances Share Repurchase Program

LAS VEGAS, July 01, 2026 (GLOBE NEWSWIRE) -- TON Strategy Company (“ TON Strategy” or the “Company”) (Nasdaq: TONX), a digital asset treasury company dedicated to supporting the TON ecosystem, today announced that it has entered into a Rule 10b5-1 trading plan (the “Plan”) to facilitate the repurchase of the Company's common stock during a two-month period beginning July 1, 2026. The Plan was established under the Company's existing $250 million stock repurchase authorization announced on September 3, 2025.

GlobeNewsWire·Jun 15, 2026
TON Strategy Company Highlights Toncoin Rebrand to Gram as TON Ecosystem Advances Telegram-Native Currency Identity

LAS VEGAS, June 15, 2026 (GLOBE NEWSWIRE) -- TON Strategy Company (“ TON Strategy” or the “Company”) (Nasdaq: TONX), a digital asset treasury company dedicated to supporting the TON ecosystem, today highlighted the TON community's rebrand of Toncoin, the native currency of The Open Network, to “Gram.”

Peers Comparison

Key metrics vs top competitors for TON Strategy Co. (TONX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TONX logoTONXTON Strategy Co.Current
$3.39$1.97B-0.571327.82%-1161.9%-70.3%—
MSTR logoMSTRStrategy Inc
$97.36$32.51B-6.392.97%-2519.39%-24.09%—
SMLR logoSMLRSemler Scientific, Inc.
$20.33$310.75M3.96-17.44%130.8%10.51%—
BTBT logoBTBTBit Digital, Inc.
$1.65$537.3M-5.32-30.65%-146.01%-0.11%—
HUT logoHUTHut 8 Corp.
$96.74$10.89B-45.21-90.71%—-17.66%—
MARA logoMARAMarathon Digital Holdings, Inc.
$12.05$4.59B-3.2738.2%-234.83%-51.65%—

Compare TONX vs Peers

TON Strategy Co. (TONX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSTR

Most directly comparable listed peer for TONX.

Scale Benchmark

vs HOOD

Larger-name benchmark to compare TONX against a more recognizable public peer.

Peer Set

Compare Top 5

vs MSTR, SMLR, BTBT, HUT

TONX SEC Filings & Documents

TON Strategy Co. (TONX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 12, 2026·SEC

Material company update

Apr 16, 2026·SEC

Material company update

Mar 31, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 31, 2026·SEC

FY 2025

Mar 25, 2025·SEC

FY 2024

Apr 1, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 12, 2026·SEC

FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 6, 2025·SEC

Get notified when TONX posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

Free. Unsubscribe any time.

TONX Frequently Asked Questions

TON Strategy Co. (TONX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is TON Strategy Co.'s revenue?

TON Strategy Co. (TONX) reported $16.7M in revenue for fiscal year 2025.

How fast is TON Strategy Co. growing?

TON Strategy Co. (TONX) grew revenue by 1327.8% over the past year. This is strong growth.

Is TONX profitable?

TON Strategy Co. (TONX) reported a net loss of $237.0M for fiscal year 2025.

Dividend & Returns
What is TONX's return on equity?

TON Strategy Co. (TONX) has a return on equity (ROE) of -70.3%. Negative ROE indicates the company is unprofitable.

What is TON Strategy Co.'s free cash flow?

TON Strategy Co. (TONX) had negative free cash flow of $24.4M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in TONX back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →