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TON Strategy Company
(NASDAQ:TONX)
TON Strategy Company (TONX) vs. SPDR S&P 500 ETF (SPY)
TON Strategy Company Business Overview & Revenue Model
TON Strategy Company Earnings Call Summary
TON Strategy Company Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.28M | 895.00K | 63.00K | 9.44M | 10.52M | 9.96M |
| Gross Profit | 3.13M | 671.00K | 44.00K | 6.12M | 6.02M | 5.16M |
| EBITDA | -9.45M | -10.57M | -11.46M | -13.44M | -29.68M | -22.01M |
| Net Income | -10.09M | -10.33M | -21.99M | -46.47M | -34.49M | -24.96M |
Balance Sheet | ||||||
| Total Assets | 23.66M | 20.64M | 10.84M | 24.49M | 34.43M | 32.54M |
| Cash, Cash Equivalents and Short-Term Investments | 4.35M | 12.53M | 4.35M | 2.43M | 937.00K | 1.81M |
| Total Debt | 282.00K | 464.00K | 2.38M | 9.07M | 3.81M | 6.07M |
| Total Liabilities | 4.31M | 4.61M | 7.71M | 19.33M | 21.11M | 21.80M |
| Stockholders Equity | 19.38M | 16.20M | 3.13M | 5.17M | 13.32M | 10.74M |
Cash Flow | ||||||
| Free Cash Flow | -4.92M | -9.11M | -10.90M | -24.16M | -28.14M | -16.61M |
| Operating Cash Flow | -4.58M | -8.77M | -10.60M | -19.41M | -25.86M | -16.29M |
| Investing Cash Flow | -5.41M | -5.38M | 4.44M | -4.75M | -2.26M | -88.00K |
| Financing Cash Flow | -43.00K | 18.29M | 8.08M | 25.65M | 27.25M | 17.21M |
TON Strategy Company Technical Analysis
TON Strategy Company Risk Analysis
TON Strategy Company Peers Comparison
TON Strategy Company Corporate Events
On October 9, 2025, TON Strategy Company was notified by Nasdaq that it failed to comply with shareholder approval requirements related to its August 7, 2025, issuance of common stock and pre-funded warrants. The issuance led to significant changes in the company’s management and ownership structure, including a new Executive Chairman and a 19.99% ownership stake acquired by Kingsway Capital Limited partners. Although the company believed it was in compliance, it now has 45 days to submit a plan to regain compliance with Nasdaq’s listing rules. The outcome of this plan submission is uncertain, and the company is working to resolve the issue promptly.
The most recent analyst rating on (TONX) stock is a Sell with a $6.50 price target. To see the full list of analyst forecasts on TON Strategy Company stock, see the TONX Stock Forecast page.
On September 29, 2025, TON Strategy Company announced that it had staked 82% of its Toncoin reserves, with plans to stake nearly all reserves by October 10, 2025, to generate yield. This move is part of a strategy to fund share repurchases when TONX stock trades below net asset value, aiming to enhance shareholder value. Since announcing a $250 million buyback program on September 12, 2025, the company has repurchased 1,505,500 shares, and it expects staking to generate approximately $24 million in annual revenue, supporting ongoing buybacks. This strategy leverages the integration of $TON within Telegram’s platform, providing a unique market position and regulated exposure to investors.
The most recent analyst rating on (TONX) stock is a Sell with a $6.50 price target. To see the full list of analyst forecasts on TON Strategy Company stock, see the TONX Stock Forecast page.
On September 12, 2025, TON Strategy Company announced its initial stock repurchases under a $250 million program and the commencement of staking operations. The company repurchased over 250,000 shares at an average price of $8.32, below the treasury asset value per share of $12.18 as of September 11, 2025. The start of staking operations marks a strategic move to generate recurring on-chain revenues and enhance shareholder value. These actions reflect the company’s confidence in its financial strength and the potential of The Open Network ecosystem, aligning with recent developments in the broader TON network.
The most recent analyst rating on (TONX) stock is a Sell with a $8.50 price target. To see the full list of analyst forecasts on TON Strategy Company stock, see the TONX Stock Forecast page.
On September 8, 2025, TON Strategy Company announced its treasury asset value per share was $11.90 as of September 7, 2025, and appointed Cantor Fitzgerald & Co. as a buyback agent for its $250 million stock repurchase program. This move underscores the company’s commitment to transparency and strategic growth in the digital asset industry. The company, which focuses on holding Toncoin, aims to compound value for investors and strengthen the TON network’s infrastructure. The announcement follows the publication of the Chairman’s Message on September 5, 2025, which outlined the company’s growth strategy and opportunities.
The most recent analyst rating on (TONX) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on TON Strategy Company stock, see the TONX Stock Forecast page.
On September 5, 2025, TON Strategy Company announced plans to increase its Toncoin holdings from 4.23% to over 5% of the total supply, aiming to generate sustainable staking rewards and enhance its cash flow. The company also revealed potential strategies for 2025 and 2026, including developing proprietary staking infrastructure, tokenizing its stock on the TON blockchain, and supporting open-source software development, which could significantly impact its operations and industry positioning.
The most recent analyst rating on (TONX) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on TON Strategy Company stock, see the TONX Stock Forecast page.