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TON Strategy Co (TONX) stock

TONXNasdaqFinance ServicesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026Score 13/3025% below fair value
$3.89+0.67 (+20.81%)

Close on Nov 11, 2026Market cap $214.23MP/E –Yield –

TON Strategy Co grew revenue 592.3% to $29.62M over the twelve months to Jun 30, 2026. Free cash flow was -$31.37M. At the latest close the market valued the company at $214.23M.

Revenue
$29.62M
+592.3% vs. a year earlier
Operating income
-$34.26M
TTM Q2 2026
Free cash flow
-$31.37M
TTM Q2 2026
EPS, diluted
-$5.96
FY2025

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Jun 30, 2026

Valuation

Market cap
$214.23M
P/E ratio
–
Price to sales
7.23
Price to book
0.54
Dividend yield
–
Free cash flow yield
-14.64%

Fundamentals

Revenue
$29.62M
Net income
-$157.83M
EPS, diluted
-$5.96
Free cash flow
-$31.37M
Book value per share
$6.80
Diluted shares
59M

Trading

Next earnings
Nov 11, 2026 (estimated, before the open)
Previous close
$3.22
Open
$3.51
Day's range
$3.50 – $4.07
Volume
667,989
Average volume (20 days)
281,408
Beta (5 years)
1.32
52-week range
$1.75 – $4.44
RSI (14 days)
67.1
Volatility (1 year)
105.0%
Relative volume
2.11×
WACC
11.5%

Market cap history

Month-end market cap since 2014, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodTONXS&P 500DifferenceTONX per yearS&P 500 per year
1 month+20.8%-2.4%+23.2 pts
3 months+27.5%-1.2%+28.7 pts
Year to date+95.5%+12.3%+83.2 pts
1 year+23.5%+12.4%+11.0 pts
3 years-91.1%+78.8%−169.9 pts-55.4%+21.4%
5 years-100.0%+75.2%−175.1 pts-80.8%+11.9%
10 years-100.0%+311.1%−411.1 pts-55.0%+15.2%

Twelve years at a glance

Fiscal years 2013 to 2025 and trailing twelve months, USD

Revenue

$29.62M+592.3% YoY

Gross profit

$24.63M+753.8% YoY

Operating income

-$34.26M

Net income

-$157.83M

EPS, diluted

–

Free cash flow

-$31.37M
Reported periodTrailing twelve months

Press releases

Releases TON Strategy filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About TON Strategy

Finance Services

TON Strategy Company operates as a digital asset treasury and Web3 ecosystem firm supporting The Open Network blockchain. It organizes operations into three reportable segments: TON, MARKET.live, and Go Fund Yourself. The TON segment manages Toncoin holdings and earns staking yields by delegating digital assets to validator pools. The MARKET.live segment, which integrates the LyveCom video commerce platform, provides interactive livestream shopping software, digital marketing, content production, and influencer management. The Go Fund Yourself segment operates an interactive crowdfunding platform and television program for securities offerings. Its clientele includes consumer brands, merchants, online creators, and corporate capital issuers.

Company profile, executives and history

TON Strategy stock: common questions

What is TON Strategy's stock price?

TONX closed at $3.89 on Nov 11, 2026, up 20.81% on the day. Over the past 52 weeks it traded between $1.75 and $4.44.

What is TON Strategy's market cap?

TON Strategy was worth $214.23M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is TONX's P/E ratio?

TON Strategy lost money over fiscal 2025 (diluted EPS -$5.96), so it has no meaningful P/E ratio.

How much revenue does TON Strategy make?

TON Strategy reported revenue of $29.62M for the twelve months to Jun 30, 2026, up 592.3% from a year earlier.

Does TON Strategy pay a dividend?

No. TON Strategy has not paid a cash dividend over the last twelve months.

When does TON Strategy report earnings next?

TON Strategy is expected to report Q3 FY2026 results on Nov 11, 2026, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has TONX stock performed over the past year?

Including dividends, TONX returned +23.5% over the past year, against +12.4% for the S&P 500.

How many TONX shares are sold short?

3M shares were sold short at the latest FINRA report, 8.51% of the float, or 12.7 days of average trading volume.

Who are TON Strategy's competitors?

Companies most similar to TON Strategy by business, industry and size include UPXI, BTCS, BMNR, ORBS, SBET.

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