TONX - NASDAQ

TON Strategy Co.

TONX·NASDAQ

$3.76

-5.1%

Financial ServicesAsset Management

The first NASDAQ‑listed publicly traded treasury for Toncoin ($TON), the native cryptocurrency of The Open Network (TON). The company accumulates and stakes $TON to build a long-term treasury, offering regulated market exposure to TON through structured capital deployment and staking rewards.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$212.56M

EPS-5.9600

P/E Ratio-0.63

Earnings Date08/05/2026

411.16M

Assets

1893%

3Y+1579.0%

5Y+1163.0%

10Y+394480.0%

4.77M

Total Liabilities

3Y-75.0%

5Y-78.0%

10Y+33.0%

406.30M

Total Equity

2436%

3Y+7765.0%

5Y+3681.0%

10Y-11815.0%

TON Strategy Co. Funding & Solvency Profile

TONX · NASDAQ

Current Assets

Cash & Cash Equivalents39.49M

Net Receivables441.00K

Inventory0.00

Other Current Assets2.43M

Total Current Assets42 M

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets5.21M

Long-Term Investments0.00

Other Non-Current Assets363.59M

Total Non-Current Assets364 M

Total Assets

411.16M

Financial Health Analysis

Current Ratio

9.23x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.01x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

38 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

10% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

TON Strategy Co. Balance Sheet

TONX • NASDAQ

TON Strategy Co. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Nov 2013	Nov 2012
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	39.5M	7.6M	4.4M	2.4M	937K	1.8M	983K	634K	10.6K	16.8K	103K	1.2M	124.2K	0.0
Short-Term Investments	0.0	4.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	39.5M	12.5M	4.4M	2.4M	937K	1.8M	983K	634K	10.6K	16.8K	103K	1.2M	124.2K	0.0
Net Receivables	441K	2.8M	0.0	0.0	1.4M	919K	1.3M	1K	0.0	8.5K	0.0	861.4K	7.8K	0.0
Accounts Receivables	441K	350K	0.0	1M	1.4M	919K	1.3M	1K	0.0	8.5K	0.0	0.0	7.8K	0.0
Other Receivables	0.0	2.5M	0.0	-1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	861.4K	0.0	0.0
Inventory	0.0	0.0	0.0	0.0	28K	34K	103K	0.0	0.0	0.0	0.0	0.0	-6.7K	0.0
Prepaids	0.0	0.0	0.0	0.0	847K	900K	236K	83K	41K	10.9K	65.9K	69.7K	12K	0.0
Other Current Assets	2.4M	1.1M	331K	1.6M	0.0	0.0	0.0	0.0	0.0	0.0	65.9K	0.0	0.0	0.0
Total Current Assets	42.4M	16.5M	4.7M	4.1M	3.2M	3.7M	2.6M	718K	51.5K	36.1K	168.9K	2.1M	137.3K	0.0
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	0.0	671K	261K	8.1M	2.9M	3.6M	4M	11K	30.6K	52.1K	70.9K	123.8K	27.7K	0.0
Goodwill	5.2M	0.0	0.0	0.0	19.8M	20.1M	16.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets	48K	3.2M	4.1M	83K	8.3M	5.2M	5.4M	0.0	0.0	535.2K	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	5.2M	3.2M	4.1M	83K	28.1M	25.2M	21.7M	0.0	0.0	535.2K	0.0	0.0	0.0	0.0
Long-Term Investments	0.0	0.0	0.0	1.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Assets	363.6M	326K	1.8M	10.8M	293K	69K	69K	169K	8.8K	-519.1K	0.0	199.4K	0.0	0.0
Total Non-Current Assets	368.8M	4.2M	6.2M	20.4M	31.2M	28.9M	25.8M	180K	39.3K	68.1K	70.9K	323.2K	27.7K	0.0
Total Assets	411.2M	20.6M	10.8M	24.5M	34.4M	32.5M	28.4M	898K	90.8K	104.2K	239.8K	2.4M	164.9K	0.0
LIABILITIES
CURRENT LIABILITIES
Total Payables	2.1M	731K	1.4M	4M	3.8M	2.6M	4.3M	1.1M	665K	431.7K	355.7K	312K	186K	0.0
Accounts Payable	1.9M	731K	1.4M	4M	3.8M	2.6M	4.3M	1.1M	665K	431.7K	355.7K	312K	186K	0.0
Other Payables	269K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Accrued Expenses	0.0	959K	1.1M	1.3M	3.5M	3.5M	207K	234K	607K	318.2K	67.9K	0.0	0.0	0.0
Short Term Debt	129K	144K	1.8M	6.2M	40K	1.1M	112K	930K	3.1M	2.8M	725K	100K	74.9K	0.0
Capital Lease Obligations (Current)	0.0	0.0	67K	0.0	592K	596K	391K	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	1.3M	5.2M	382K	306K	234K	855.5K	0.0	-355.7K	-312K	-74.9K	0.0
Other Current Liabilities	2.3M	2.5M	2.9M	3.8M	4.9M	8.8M	6.2M	2.6M	1.5M	0.0	82.5K	0.0	0.0	81.3K
Total Current Liabilities	4.6M	4.3M	7.2M	16.5M	17.9M	16.9M	11.2M	4.9M	5.9M	3.6M	1.2M	412K	260.9K	95.1K
NON-CURRENT LIABILITIES
Long Term Debt	80K	98K	362K	1.2M	875K	1.5M	1.1M	1.1M	0.0	0.0	1.4M	0.0	0.0	0.0
Other Non-Current Liabilities	0.0	0.0	0.0	0.0	0.0	521K	1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Non-Current Liabilities	180K	320K	526K	2.8M	3.2M	4.9M	5.7M	1.1M	3.8M	3.3M	1.4M	412K	186K	0.0
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-3.8M	-3.3M	0.0	-412K	-186K	0.0
Capital Lease Obligations	80K	222K	231K	1.6M	2.9M	3.5M	4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	4.8M	4.6M	7.7M	19.3M	21.1M	21.8M	16.9M	6M	5.9M	3.6M	2.6M	412K	260.9K	95.1K
SHAREHOLDERS' EQUITY
Preferred Stock	0.0	0.0	3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Common Stock	6K	1K	2K	1K	7K	3.1M	2K	1K	11.9K	9.5K	6.4K	6.1K	3.6K	95.0
Additional Paid-In Capital	0.0	0.0	175.8M	158.6M	129.3M	89.2M	68M	35.6M	22.8M	17.8M	14.7M	12.1M	4.8M	855.0
Retained Earnings	-336.7M	-187.1M	-175.6M	-153.5M	-116M	-81.5M	-56.6M	-40.7M	-28.5M	-21.3M	-17M	-10M	-4.9M	-950.0
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-97K	-77K	-55.5K	-34.2K	-16.3K	-102.0	0.0
Other Total Stockholders' Equity	743.1M	203.3M	0.0	0.0	0.0	0.0	0.0	97K	0.0	35.5K	0.0	0.0	102.0	0.0
Total Stockholders' Equity	406.4M	16.2M	3.1M	5.2M	13.3M	10.7M	11.4M	-5.1M	-5.8M	-3.5M	-2.3M	2M	-96K	-855.0
Total Equity	406.3M	16M	3.1M	5.2M	13.3M	10.7M	11.4M	-5.1M	-5.8M	-3.5M	-2.3M	2M	-96K	-855.0
Minority Interest	-93K	-181K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	411.2M	20.6M	10.8M	24.5M	34.4M	32.5M	28.4M	898K	90.8K	104.2K	239.8K	2.4M	164.9K	0.0
Total Investments	0.0	4.9M	0.0	1.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Debt	209K	464K	2.4M	9M	3.8M	6.1M	5.9M	2M	3.1M	2.8M	2.1M	100K	74.9K	0.0
Net Debt	-39.3M	-7.2M	-2M	6.5M	2.9M	4.3M	4.9M	1.4M	3.1M	2.8M	2M	-1.1M	-49.3K	0.0
Shares Outstanding	59,557,137	59,557,137	59,557,137	59,557,137	59,557,137	59,557,137	59,557,137	59,557,137	59,557,137	59,557,137	59,557,137	59,557,137	59,557,137	59,557,137

SEC Filings

TONX - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 12, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 12, 2026	May 12, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 16, 2026	April 16, 2026	2026	View Filing
8-K/A 8-K/A 2026 (Amended) N/A	April 02, 2026	March 31, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 31, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 31, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 26, 2026	March 26, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 02, 2026	February 26, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 28, 2026	January 26, 2026	2026	View Filing

Showing 1 to 10 of 258 filings

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