TON Strategy Co. (TONX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -4.69M | -7.99M | -9.42M | -2.29M | -1.07M | -1.86M | -1.65M | -3.04M | -2.21M | -2.12M | -1.93M | -3.62M | -2.92M | -3.43M | -8.02M | -2.06M | -5.9M | -7.64M | -4.6M | -6.7M |
| Operating CF Margin % | -89.23% | -139.19% | -261.04% | -107.68% | -81.99% | -257.81% | -1289.84% | -8218.92% | -31557.14% | -7320.69% | -6668.97% | -120733.33% | -145900% | -158.99% | -267366.67% | - | -219.21% | -282.3% | -158.72% | -279.97% |
| Operating CF Growth % | -338.04% | -328.76% | -470.62% | 24.83% | 51.56% | 12.2% | 14.63% | 16.04% | 24.3% | 38.12% | 75.89% | -76.25% | 50.53% | 55.09% | -74.26% | 69.31% | 14.79% | -17.45% | 10.04% | -178.23% |
| Net Income | -90.95M | -228.32M | 84.34M | -2.38M | -2.44M | -3.37M | -1.97M | -1.73M | -3.44M | -2.89M | -3.54M | -3.78M | -4.64M | -16.05M | -5.65M | -4.13M | -6.99M | -5.52M | -8.8M | -11.81M |
| Depreciation & Amortization | 19K | 342K | 341K | 336K | 286K | 279K | 273K | 269K | 256K | 601K | 564K | 583K | 583K | 935K | 438K | 44K | 409K | 592K | 543K | 541K |
| Stock-Based Compensation | 1.12M | 1.58M | 0 | 1.54M | 958K | 1.12M | 220K | 360K | 378K | 518K | 583K | 431K | 971K | 787K | 0 | 0 | 1.3M | 5.67M | 986K | 0 |
| Deferred Taxes | 0 | -234K | 0 | -253K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.58M | 0 | 0 |
| Other Non-Cash Items | 84.45M | 220.21M | -92.1M | -1.52M | -83K | 153K | -109K | 88K | 173K | 120K | -137K | -526K | -6K | 12.36M | -3.73M | 2.13M | -645K | -3.73M | 458K | 4.3M |
| Working Capital Changes | 675K | -1.57M | -2M | -19K | 207K | -48K | -70K | -2.03M | 429K | -475K | 597K | -334K | 174K | -1.47M | 924K | -99K | 25K | -2.06M | 2.21M | 272K |
| Change in Receivables | 3K | 459K | -414K | 144K | 842K | -545K | 0 | -735K | 0 | 0 | 0 | 0 | -304K | -1.32M | 351K | -469K | -343K | -42K | -468K | 6K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28K | 7K | 26K |
| Change in Payables | 0 | 0 | 3.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -495K | 0 | 0 | 729K | 123K | 237K | 1.22M | 2.46M | 378K |
| Cash from Investing | -21K | -36K | -290.02M | -4.34M | -152K | -151K | -5.11M | -82K | -41K | -31K | -31K | 4.64M | -131K | -346K | -192K | -1.85M | -2.36M | 81K | -2.35M | 6K |
| Capital Expenditures | -9K | -6K | -22K | -110K | -66K | -160K | -143K | -54K | -23K | -10K | -17K | -113K | -5K | -346K | -191K | -1.84M | -2.37M | -2.25M | -2.35M | 0 |
| CapEx % of Revenue | 0.17% | 0.1% | 0.61% | 5.18% | 5.06% | 22.13% | 111.72% | 145.95% | 328.57% | 34.48% | 58.62% | 3766.67% | 250% | 16.03% | 6366.67% | - | 87.92% | 83.26% | 81.21% | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 0 | 0 | 5.69M | 5.34M | 4.91M | 5.08M | 2.26M | 0 | 1.53M | 0 | 1.53M | 1.53M | 1.53M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -12K | -30K | 0 | 0 | 0 | -2K | -4.97M | -28K | -18K | -21K | -14K | 4.75M | -126K | 0 | -1K | 0 | 3K | 2.33M | 0 | 0 |
| Cash from Financing | 0 | -6.24M | 348.13M | 4.7M | -118K | -5K | 80K | 6.14M | 12.08M | 5.59M | -643K | -1.28M | 4.41M | 5.29M | -3.83M | 13.14M | 11.04M | 4.84M | 4.17M | 194K |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -6.24M | 348.13M | 4.7M | 0 | 0 | 85K | 6.41M | 12.19M | 2.59M | 50K | -5K | 6.58M | 3.91M | 0 | 12.61M | 7.54M | 3.21M | 6.59M | 144K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -6.25M | -20.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 7K | 0 | 0 | 0 | 0 | 0 | -265K | -105K | 2.73M | -645K | -899K | -823K | -1.43M | -2.98M | 0 | -2.5M | 1.62M | 0 | 0 |
| Net Change in Cash | -4.71M | -14.26M | 48.69M | -1.92M | -1.34M | -2.02M | -6.68M | 3.02M | 9.83M | 3.44M | -2.61M | -264K | 1.36M | 1.51M | -4.63M | 1.83M | 2.78M | -2.72M | -2.79M | -6.5M |
| Free Cash Flow | -4.7M | -8M | -9.44M | -2.29M | -1.14M | -2.03M | -1.76M | -3.12M | -2.25M | -2.15M | -1.97M | -3.73M | -3.05M | -3.78M | -8.21M | -3.9M | -8.27M | -9.89M | -6.96M | -6.7M |
| FCF Margin % | -89.4% | -139.29% | -261.43% | -107.77% | -87.05% | -280.22% | -1371.88% | -8440.54% | -32142.86% | -7427.59% | -6775.86% | -124500% | -152450% | -175.02% | -273733.33% | - | -307.13% | -365.56% | -239.93% | -279.97% |
| FCF Growth % | -313.38% | -294.77% | -437.3% | 26.74% | 49.51% | 5.94% | 10.64% | 16.39% | 26.21% | 42.97% | 76.07% | 4.21% | 63.11% | 61.82% | -18.02% | 41.78% | -19.38% | -52.09% | -35.95% | -157.38% |
| FCF per Share | -0.01 | -0.03 | -0.25 | -1.66 | -1.11 | -2.10 | -3.42 | -6.05 | -14.45 | -32.83 | -72.50 | -185.68 | -170.44 | -269.30 | -643.37 | -321.73 | -864.81 | -1249.78 | -833.79 | -848.47 |
| FCF Conversion (FCF/Net Income) | 0.05x | 0.04x | -0.11x | 0.96x | 0.42x | 0.58x | 0.84x | 1.76x | 0.64x | 0.73x | 0.52x | 0.37x | 0.53x | 0.21x | 1.00x | 0.32x | 0.84x | 1.38x | 0.52x | 0.57x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |