TONX · XBRL financial data

TON Strategy Company financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (TONX's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023†Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025†Dec 31, 2025
Revenue from contracts with customers	9,965	10,524	9,435	63	895	12,779
Cost of revenue	4,801	4,504	3,311	19	224	3,894
Gross profit	5,164	6,020	6,124	—	—	—
Research and development	7,933	12,345	5,188	—	—	—
Selling, general and administrative	1,035	—	—	—	—	—
General and administrative	20,458	25,710	25,234	11,508	11,238	40,891
Total operating expenses	29,901	39,732	44,916	13,858	12,539	49,221
Operating income (loss)	(24,737)	(33,712)	(38,792)	(13,795)	(11,644)	(36,442)
Interest expense	153	2,575	2,947	1,193	237	1
Other income (expense)	102	92	1,369	1,162	812	(113,214)
Income tax expense (benefit)	1	1	—	—	—	(234)
Net income (loss)	(24,956)	(34,486)	(37,437)	(21,994)	(10,329)	(148,479)
Earnings per share, basic USD per share	—	(0.55)	(0.39)	(2.21)	(19.36)	(5.96)
Earnings per share, diluted USD per share	—	—	(6.68)	(2.21)	(19.36)	(5.96)
Weighted average shares, basic thousands of shares	—	63,324	97,082	6,799	592	25,109
Weighted average shares, diluted thousands of shares	—	—	2,427	6,799	592	25,109

† Share count changed about 1/2 in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/71 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 51x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (TONX's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023†Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025†Dec 31, 2025
Cash and cash equivalents	1,815	937	2,429	4,353	8,495	39,493
Short-term investments	—	—	—	—	4,913	—
Marketable securities	—	—	—	—	4,913	—
Accounts receivable	919	1,382	1,024	—	—	—
Inventory	34	28	—	—	—	—
Prepaid and other current assets	—	—	306	331	252	1,527
Total current assets	3,668	3,194	4,058	4,684	16,468	42,364
Property and equipment, net	862	702	537	43	331	258
Right-of-use asset	2,730	2,177	1,473	218	340	131
Goodwill	20,060	19,764	9,581	—	—	5,165
Total assets	32,542	34,431	24,492	10,839	20,635	411,164
Accounts payable	—	3,751	4,638	1,408	731	—
Accrued liabilities	—	3,500	1,646	2,324	2,326	589
Current portion of long-term debt	110	4,181	—	—	—	—
Total current liabilities	16,875	17,935	16,530	7,188	4,294	4,589
Lease liability, non-current	2,943	2,299	1,581	164	222	80
Total liabilities	21,797	21,109	19,326	7,714	4,614	4,769
Accumulated deficit	(81,541)	(116,027)	(153,464)	(175,622)	(187,094)	(336,725)
Total stockholders' equity	10,745	13,322	5,166	3,125	16,202	406,488
Total liabilities and equity	32,542	34,431	24,492	10,839	20,635	411,164
Common shares outstanding (cover page) thousands of shares	62,452	80,167	154,755	79,301	1,113	56,531

† Share count changed about 1/2 in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/71 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 51x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (TONX's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023†Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025†Dec 31, 2025
Net income (loss)	(24,956)	(34,486)	(37,437)	(21,994)	(10,329)	(148,479)
Stock-based compensation	6,119	5,668	4,455	2,503	2,079	19,136
Depreciation and amortization	1,510	1,677	2,529	2,331	1,077	1,305
Net cash from operating activities	(16,294)	(25,862)	(19,406)	—	(8,765)	(20,769)
Purchases of property and equipment	317	26	24	32	342	88
Net cash from investing activities	(88)	(2,263)	(4,748)	—	(5,385)	(294,543)
Proceeds from issuing common stock	16,781	22,066	24,056	9,215	18,596	7,228
Share repurchases	—	—	—	—	—	20,579
Net cash from financing activities	17,214	27,247	25,646	—	18,292	346,479
Net change in cash	832	(878)	1,492	1,924	4,142	31,167

† Share count changed about 1/2 in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/71 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 51x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 6199 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6199 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
TON Strategy	28,805	15,019	not reported	55.1M	—	Q2 FY26 10-QJun 30, 2026
Big Digital Energy	16,290	6,153	(3,323)*	5.7M	4.9 quarters	Q2 FY26 10-QJun 30, 2026
House of Doge	662	38	(1,581)	84.9M	0.4 quarters	Q1 FY26 10-QJun 30, 2026
Sono Group	166	not reported	not reported	1.4M	—	Q2 FY26 10-QJun 30, 2026
Canton Strategic Holdings	37,242	1,496	(2,238)*	79.7M	16.6 quarters	Q2 FY26 10-QJun 30, 2026
T-REX Acquisition	0.4	0.7	(57)*	30.1M	0.0 quarters	Q3 FY26 10-QMar 31, 2026
Solana	3,647	2,526	(11,892)*	60.5M	0.3 quarters	Q2 FY26 10-QJun 30, 2026
OpenWorld	5,092	1,908	(291)*	13.2M	17.5 quarters	Q2 FY26 10-QJun 30, 2026
Axe Compute	21,906	not reported	not reported	11.6M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.