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TON Strategy Co. (TONX)

TON Strategy Co. at a glance — key fundamentals, SEC filings, insider buying and selling, and earnings dates.

TON Strategy Co. (TONX) is a Asset Management company based in US with a market capitalization of $226.7M. Revenue grew 1327.8% year-over-year and free cash flow was negative at -$20.9M. This page tracks TONX's SEC filings, insider buying and selling, earnings dates, and key fundamentals in one place.

US · 18 employees · IPO Nov 19, 2014

Valuation

Valuation & price

$3.67 · as of May 17, 2026 · -83.7% vs 52w high

—

P/E ratio

Latest-FY diluted EPS

0.56

P/B ratio

Market cap ÷ book equity

—

Dividend yield

Price — last 12 months

$21.66$11.73$1.81Jul 25Dec 25Jun 26Jul 7, 25$7.11Jul 9, 25$7.93Jul 11, 25$8.48Jul 15, 25$8.73Jul 17, 25$9.21Jul 21, 25$9.31Jul 23, 25$8.60Jul 25, 25$8.72Jul 29, 25$10.21Jul 31, 25$9.74Aug 4, 25$20.42Aug 6, 25$19.65Aug 8, 25$16.80Aug 12, 25$16.94Aug 14, 25$18.15Aug 18, 25$21.08Aug 20, 25$20.72Aug 22, 25$21.66Aug 26, 25$20.06Aug 28, 25$14.11Sep 3, 25$11.97Sep 5, 25$10.71Sep 9, 25$8.17Sep 11, 25$7.98Sep 15, 25$7.05Sep 17, 25$7.09Sep 19, 25$6.80Sep 23, 25$6.97Sep 25, 25$6.97Sep 29, 25$6.90Oct 1, 25$6.82Oct 3, 25$6.87Oct 7, 25$6.38Oct 9, 25$6.10Oct 13, 25$4.72Oct 15, 25$4.17Oct 17, 25$3.69Oct 21, 25$4.00Oct 23, 25$3.79Oct 27, 25$4.09Oct 30, 25$4.20Nov 3, 25$4.14Nov 5, 25$3.47Nov 7, 25$3.30Nov 11, 25$3.15Nov 13, 25$3.49Nov 17, 25$3.16Nov 19, 25$2.86Nov 21, 25$2.88Nov 25, 25$2.87Nov 28, 25$3.41Dec 2, 25$3.02Dec 4, 25$3.58Dec 8, 25$2.96Dec 10, 25$3.14Dec 12, 25$2.68Dec 16, 25$2.56Dec 18, 25$2.42Dec 22, 25$2.31Dec 24, 25$2.21Dec 29, 25$2.17Jan 2, 26$2.41Jan 6, 26$2.69Jan 8, 26$3.01Jan 12, 26$2.93Jan 14, 26$2.94Jan 16, 26$2.87Jan 21, 26$2.77Jan 23, 26$2.58Jan 27, 26$2.60Jan 29, 26$2.60Feb 2, 26$2.16Feb 4, 26$1.93Feb 6, 26$1.96Feb 10, 26$1.92Feb 12, 26$1.91Feb 17, 26$1.93Feb 19, 26$1.95Feb 23, 26$1.81Feb 25, 26$1.97Mar 2, 26$2.25Mar 4, 26$2.48Mar 6, 26$2.73Mar 10, 26$2.95Mar 12, 26$3.08Mar 16, 26$3.31Mar 18, 26$2.95Mar 20, 26$2.95Mar 24, 26$2.81Mar 26, 26$2.69Mar 30, 26$2.45Apr 1, 26$2.37Apr 6, 26$2.28Apr 8, 26$2.14Apr 10, 26$2.08Apr 14, 26$2.36Apr 16, 26$2.60Apr 20, 26$2.50Apr 22, 26$2.54Apr 24, 26$2.38Apr 28, 26$2.19May 1, 26$2.12May 5, 26$2.66May 7, 26$3.25May 11, 26$3.33May 13, 26$3.75May 15, 26$3.67May 19, 26$3.40May 21, 26$3.71May 26, 26$3.83May 28, 26$3.76Jun 1, 26$4.23Jun 3, 26$3.76Jun 5, 26$3.11Jun 9, 26$3.23Jun 11, 26$3.14Jun 15, 26$3.48Jun 17, 26$3.21Jun 22, 26$3.10Jun 26, 26$2.56
$1.8052-week range$22.45
Loading valuation history…

Fundamentals

Key fundamentals

$226.7M

Market cap

1327.8%

Revenue growth (YoY)

69.5%

Gross margin

-$20.9M

Free cash flow (USD)

-$39.3M

Net debt

Net cash position

42279.8%

Share dilution

0/4

Graham criteria passed

Defensive-investor screen

Financial Services

Sector

Trajectory

Long-term trends

Revenue by year

2016 → 2025

FY 2016$0.00FY 2017$6.0KFY 2018$32.0KFY 2019$9.1MFY 2020$10.0MFY 2021$10.5MFY 2022$8.0KFY 2023$63.0KFY 2024$895.0KFY 2025$12.8M
$0$12.8M

Free cash flow by year

2016 → 2025

FY 2016$-1.6MFY 2017$-1.7MFY 2018$-4.2MFY 2019$-8.3MFY 2020$-16.6MFY 2021$-28.2MFY 2022$-24.2MFY 2023$-10.9MFY 2024$-9.1MFY 2025$-20.9M
-$1.6M-$20.9M

Gross margin by year

2021 → 2025

FY 202157.2%FY 202262.5%FY 202369.8%FY 202475.0%FY 202569.5%
57.2%69.5%

Value screen

Graham defensive-investor tests

Computing the scorecard — refreshing any stale inputs…

6

Insider buys · 90 days

0

Insider sells · 90 days

Earnings

Last report: 10-Q filed May 12, 2026

Next expected: not yet scheduled

On the tape

Recent SEC & insider activity

  • 8-K eventShare Repurchase PlanJul 1, 2026Filing
  • 8-K eventDelisting NoticeJun 23, 2026Filing
  • 8-K eventAnnual Meeting ResultsJun 12, 2026Filing
  • Insider buyInsider Buy $10KSohn Evan · Director · $9.9KMay 15, 2026Filing
  • Insider buyInsider Buy $10KSohn Evan · Director · $9.9KMay 15, 2026Filing
  • Insider buyInsider Buy $29KWilson Kevin Mark · Chief Executive Officer · $29.4KMay 15, 2026Filing
  • Insider buyInsider Buy $6KMarbach Mary · General Counsel/Corp Secretary · $5.6KMay 15, 2026Filing
  • Insider buyInsider Buy $27KOlsen Sarah Josephine · CFO & COO · $26.9KMay 14, 2026Filing
  • Insider buyInsider Buy $29KWilson Kevin Mark · Chief Executive Officer · $29.4KMay 14, 2026Filing
  • 8-K eventEarnings ReleaseMay 12, 2026Filing

Questions

Frequently asked questions

What is TON Strategy Co.'s market cap?

TON Strategy Co. (TONX) has a market capitalization of $226.7M.

What is TONX's P/E ratio?

A meaningful P/E ratio is not available for TONX — the company's latest fiscal-year earnings per share is zero, negative, or not yet cached.

What is TONX's price-to-book (P/B) ratio?

TONX trades at 0.56 times book value per share.

Are insiders buying TONX stock?

Yes — SEC Form 4 filings show 6 open-market insider buys and 0 sells at TON Strategy Co. in the last 90 days.

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Timeline

Every filing, insider trade & earnings on a price-anchored timeline

Filing Analyzer

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News

Latest press coverage in one feed

Data: SEC EDGAR filings and cached fundamental data; prices and ratios use the most recent cached quote and statements (may lag by up to a day). Educational and research purposes only. Not investment advice.