Saturday 17 October 2026 Export TONX’s income statement to Excel — free account

TON Strategy Company

In the quarter to June 2026, revenue grew 607.4%, EPS grew 173.7% and free cash flow fell 646.4%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

2.68 0.07 −2.55%

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Market cap: $151.5M
P/E: 0.0×
Fwd P/E: −0.5×
Dividend yield: —
F-score: 5/9
Altman Z: 4.99
Beneish M: 7.50
Dividend safety: n/a

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.09

Total sells 3.37

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	4	—	—	1	—	—
Sell	2	3	—	—	—	—	—	—	—	1	1	—

Insider Ownership 48.77%

Capital & Financial Ratios $m

Market Cap 151.45

Revenue 31.75

Net Income (158.03)

Free Cash Flow (325.52)

Net Debt (28.97)

Current Ratio 6.39

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (0.51)

P/S ratio 4.91

P/B ratio 0.39

Past 5Y EPS Growth —

This Y EPS Growth 58.52%

Next Y EPS Growth 34.37%

Next Y revenue growth (26.35%)

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 34.92%

10-year low 10-year high

P/B against its own 10 years 16.57%

10-year low 10-year high

EV/Sales against its own 10 years 32.89%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4	13	40	29
Receivables	—	3	1	1
Inventory	—	—	—	—
Other	—	—	—	1
	5	16	42	32

	2023	2024	2025	Q'26
Payables	1	1	2	2
ST’ Debt	—	—	—	—
Other	0	0	1	—
	7	4	5	5

Compound Annual Growth %

	10y	5y	3y
Sales	—	5.10%	1,068.97%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	106.80%	328.48%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5	15	—	—	—
’25	1	2	4	8	13
’24	0	0	0	1	1
’23	0	0	0	0	0
’22	3	2	0	(3)	0
’21	3	2	3	3	11
’20	2	3	3	2	10

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(5)	(6)	—	—	—
’25	(1)	1	(13)	(8)	(21)
’24	(2)	(3)	(2)	(2)	(9)
’23	(3)	(2)	(2)	(2)	(9)
’22	(6)	(2)	(3)	(2)	(14)
’21	(7)	(7)	(7)	(5)	(26)
’20	(2)	(2)	(5)	(7)	(16)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(5)	(5)	—	—	—
’25	(1)	1	(308)	(8)	(316)
’24	(2)	(3)	(2)	(2)	(9)
’23	(3)	(2)	(2)	(2)	(9)
’22	(8)	(4)	(3)	(3)	(18)
’21	(7)	(7)	(7)	(8)	(28)
’20	(2)	(3)	(5)	(7)	(17)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.56)	1.31	—	—	—
’25	(2.51)	(1.79)	2.23	(4.08)	(5.96)
’24	(22.00)	(4.00)	(3.82)	(2.20)	(19.36)
’23	(318.00)	(490.00)	(136.00)	288.09	(652.00)
’22	(720.00)	(560.00)	(640.00)	(1.28k)	(3.12k)
’21	(1.28k)	(1.52k)	(1.12k)	(560.00)	(4.40k)
’20	(1.84k)	(880.00)	(1.44k)	(2.32k)	(6.40k)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	3,000.00	6,360.00	9,600.00	5,760.00	7,200.00	7,360.00	848.00	28.00	5.05	1.88	Analyst estimates 2026–2028 Powerpack
	High	23,880.00	61,200.00	364,800.00	149,680.00	21,120.00	31,760.00	13,520.00	4,640.00	184.60	29.77
People
People	Employees	3	7	10	125	108	112	77	23	19	25
	Revenue/emp, $m	0.00	0.00	0.00	0.07	0.09	0.09	0.00	0.00	0.05	0.51
Income, $m
Income, $m	Revenue	—	0	0	9	10	11	0	0	1	13
	Gross margin, %	0.00	(33.33)	(62.50)	46.48	51.82	57.20	62.50	69.84	74.97	69.53
	EBT	(4)	(7)	(12)	(16)	(25)	(34)	(16)	(15)	(11)	(149)
	EBT margin, %	0.00	(121,066.67)	(37,893.75)	(174.90)	(250.43)	(327.69)	(199,475.00)	(23,561.90)	(1,174.30)	(1,163.04)
	Net income	(4)	(7)	(12)	(16)	(25)	(34)	(37)	(22)	(11)	(148)
	Depreciation	0	0	1	3	3	4	2	3	1	4
Per share, $
Per share, $	Revenue	0.00	6.67	26.67	3,640.00	2,214.44	1,332.15	0.66	1.85	1.51	0.51
	Earnings	(429.55)	(8,214.18)	(9,828.50)	(6,320.00)	(6,400.00)	(4,400.00)	(3,120.00)	(652.00)	(19.36)	(5.96)
	Cash flow	(160.40)	(1,863.33)	(3,464.17)	(3,247.20)	(3,620.89)	(3,273.67)	(1,130.83)	(257.12)	(14.79)	(0.83)
	Capex	(0.25)	0.00	0.00	(58.40)	(70.44)	(286.46)	(392.31)	(9.00)	(0.72)	(11.76)
	Free cash flow	(160.65)	(1,863.33)	(3,464.17)	(3,305.60)	(3,691.33)	(3,560.13)	(1,523.14)	(266.12)	(15.52)	(12.59)
	Book value	(346.82)	(6,432.22)	(4,212.50)	4,578.00	2,387.78	1,686.33	426.94	91.91	27.04	16.19
	Shares, m	0	0	0	0	0	0	0	0	1	25
Valuation, ×
Valuation, ×	P/E	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	0.00	1,426.50	3.41	5.96	7.45	6.56	18.78	4.33	3.35
	P/B	—	0.00	0.00	2.71	7.73	5.88	3.05	8.16	0.24	0.12
	EV/Sales	—	0.00	1,439.97	3.42	5.93	7.44	6.05	(44.57)	(10.54)	0.70
	EV/FCF	—	(6.45)	(11.05)	(3.76)	(3.55)	(2.78)	(0.79)	0.31	1.03	(0.03)
Cash, $m
Cash, $m	Operating cash flow	(2)	(2)	(4)	(8)	(16)	(26)	(14)	(9)	(9)	(21)
	Capex	0	—	—	0	0	(2)	(5)	0	0	(295)
	Free cash flow	(2)	(2)	(4)	(8)	(17)	(28)	(18)	(9)	(9)	(316)
Balance, $m
Balance, $m	Working capital	(4)	(6)	(4)	(9)	(13)	(15)	(12)	(3)	12	38
	Total debt	3	3	1	1	1	1	1	0	0	—
	Net debt	0	0	0	0	0	0	(1)	(4)	(13)	(40)
	Shareholders’ equity	(3)	(6)	(5)	11	11	13	5	3	16	406
Returns, %
Returns, %	ROA	(2,484.94)	(7,406.73)	(2,449.90)	(108.81)	(94.93)	(104.02)	(127.91)	(125.43)	(72.90)	(69.31)
	ROIC	0.00	0.00	0.00	(85.85)	(148.83)	(158.90)	(298.49)	0.00	(268.44)	(6.21)
	ROE	147.11	156.98	223.66	(498.22)	(302.30)	(331.72)	(407.65)	(834.42)	(141.93)	(70.85)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DUOT Duos Technologies Group, Inc.	$181.3M	4.4×	294×	+29.51% (above 0%: growing)	n/m	+354.75% (above 0%: growing)	55.80%	0.80%	Compare
DMRC Digimarc Corporation	$181.2M	— (loss-making)	— (loss-making)	−7.77% (below 0%: shrinking)	n/m	+80.94% (above 0%: growing)	58.20%	(167.35%)	Compare
MRT MARTI TECH INC	$157.5M	— (loss-making)	— (loss-making)	—	n/m	+152.22% (above 0%: growing)	76.55%	(0.68%)	Compare
LAIX LAIX Inc. Sponsored ADR	$154.7M	— (loss-making)	— (loss-making)	−27.11% (below 0%: shrinking)	n/m	—	80.38%	6.79%	Compare
TONX TON Strategy Company	$151.5M	— (loss-making)	— (loss-making)	+607.44% (above 0%: growing)	n/m	−646.42% (below 0%: shrinking)	94.90%	3.19%
HUCK Huckleberry.ai, Inc.	$151.0M	— (loss-making)	— (loss-making)	−3.68% (below 0%: shrinking)	n/m	−890.68% (below 0%: shrinking)	77.13%	(3.11%)	Compare
TIOG Tingo Group, Inc.	$141.6M	— (loss-making)	8.7×	+4,161.26% (above 0%: growing)	n/m	−574.92% (below 0%: shrinking)	23.52%	8.55%	Compare
EGAN eGain Corporation	$140.7M	16.8×	23.6×	−4.67% (below 0%: shrinking)	−95.58% (below 0%: shrinking)	+151.21% (above 0%: growing)	71.61%	4.87%	Compare
TRAK ReposiTrak Inc.	$135.1M	17.4×	23.4×	−3.20% (below 0%: shrinking)	+26.89% (above 0%: growing)	−17.59% (below 0%: shrinking)	85.73%	33.74%	Compare
Median of peers	$152.8M	16.8×	23.5×	−3.68%	—	+80.94%	74.08%	2.84%

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