TON Strategy Co (TONX) Stock Analysis

Company Overview

The market values TON Strategy Co (TONX) at $182.84M. It is classified in the Software - Application industry, within the Technology sector. The company reports 25 employees.

The most recent close on file for TONX is $3.32, dated September 4, 2026. That is −$0.10 (−2.92%) against the previous close. Over the past 52 weeks the price has ranged from $1.75 to $9.05. The latest close sits 89.71% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $12.78M. Against the prior fiscal year total of $895.00K, that is a change of +1,327.82%. The same year closed with a net loss of $148.48M. Profit margin runs at 0%. Earnings per share on a trailing basis come to −4.54.

Across the 4 fiscal years on file, revenue moves from $8.00K in 2022 to $12.78M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The price-to-sales ratio is 5.94. On price-to-sales that is 110.72% above the Software - Application median of 2.82. 258 Software - Application companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned −69.40%. Across 10 years the annualized return works out at −56.90%. Beta against the wider market is reported at 0.73. Annualized volatility over the trailing 10 years is 193.38%.

Growth & Income

The record shows no dividend for TONX.

Across the complete calendar years on file, 2018 returned +223.47% and 2023 returned −97.38%. Of the 9 complete calendar years on file, 3 finished higher. So far in 2026 the price is +66.83%.