TON Strategy financials
$3.95−0.75%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 |
|---|---|---|---|---|
| Revenue | $15.0M | $5.3M | $5.7M | $3.6M |
| Gross profit | $14.3M | $4.0M | $3.7M | $2.7M |
| Gross margin | 94.9% | 75.3% | 64.3% | 75.4% |
| Operating income | $479.0K | -$3.9M | -$9.1M | -$21.7M |
| Net income | $76.8M | -$91.0M | -$227.9M | $83.3M |
| Net margin | 511.0% | −1733.1% | −3968.6% | 2307.3% |
| Diluted EPS | $1.31 | $-1.56 | $-3.75 | $2.23 |
| EBITDA | $464.0K | -$3.9M | -$5.7M | -$21.4M |
| Operating cash flow | -$7.1M | -$4.7M | -$8.0M | -$9.4M |
| Free cash flow | -$7.1M | -$4.7M | -$8.0M | -$304.4M |
| Diluted shares | 58.7M | 58.2M | 60.7M | 37.3M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 |
|---|---|---|---|---|
| Cash & equivalents | $28.8M | $34.8M | $39.5M | $53.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $403.5M | $321.7M | $411.2M | $661.9M |
| Total liabilities | $5.0M | $5.1M | $4.8M | $22.4M |
| Shareholders' equity | $398.5M | $316.6M | $406.4M | $639.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology