profit from every $100 of sales.
$0$100
TON Strategy
$2.95+7.66% today
-10.6% in 1 year
1-year low $1.801-year high $4.23
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What TON Strategy sold, what it kept, and what it did with the cash.
Sales went from $8,000 in 2022 to $12.8 million in 2025, with -$148 million of profit last year.
SalesProfit
TON Strategy vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| TON Strategy | No profit yet | ||
 BlackRock | 33.8× · Expensive | ||
 Blackstone | 50.7× · Expensive | ||
 Investor | 8.4× · Cheap | ||
 Brookfield | 73.4× · Very expensive |
AI analysis
An AI analyst reads TON Strategy's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 0 | 0 | 1 | 13 | |
| 0 | 0 | 1 | 9 | |
| -19 | -14 | -12 | -33 | |
| -13 | -11 | -9 | -147 | |
| -37 | -22 | -10 | -148 | |
| -3,106.00 | -651.81 | -19.36 | -5.96 | |
| 62.5% | 69.8% | 75.0% | 69.5% | |
| -235,925.0% | -21,896.8% | -1,301.0% | -260.7% | |
| -467,962.5% | -34,911.1% | -1,154.1% | -1,161.9% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 24 | 11 | 21 | 411 |
| Cash | 2 | 4 | 8 | 39 |
| Total debt | 9 | 2 | 0 | 0 |
| Total liabilities | 19 | 8 | 5 | 5 |
| 5 | 3 | 16 | 406 | |
| 0 | 0 | 1 | 25 | |
| -81.4% | -195.9% | -48.7% | -28.9% | |
| -724.7% | -703.8% | -63.8% | -36.5% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -19 | -11 | -9 | -21 | |
| 5 | 0 | 0 | 0 | |
| -24 | -11 | -9 | -21 | |
| Dividends paid | – | – | – | – |
| – | – | 0 | 27 | |
| 4 | 3 | 2 | 19 |
Valuation
- –
- –
- –
- 2.0×
- 12.7×
- –
- –
- -12.9%
- -91.4%
- 0.0%
Profitability
- 69.5%
- -260.7%
- -1,161.9%
- -1,151.1%
- -8.9%
- -192.9%
- -55.0%
- -36.1%
- -9.0%
- –
Growth
- +1,069.0%
- –
- −129.0%
- –
- +1,234.6%
Financial health
- -0.3×
- 0.00
- 0.1%
- -36,442.0×
- 9.23
- 9.23
- 0.03
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 3%of 843
Bottom 8%of 921
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 12, 2026 | -0.05 | -1.42 | +96.5% |
| Mar 24, 2026 | -2.20 | -1.77 | −24.3% |
| Nov 12, 2025 | -1.00 | -1.90 | +47.4% |
| Aug 6, 2025 | -1.79 | -2.04 | +12.3% |
| May 13, 2025 | -2.51 | -3.14 | +20.1% |
| Mar 25, 2025 | -2.20 | -2.52 | +12.7% |
| Nov 5, 2024 | -3.97 | -4.00 | +0.7% |
| Aug 14, 2024 | -4.00 | -3.00 | −33.3% |
News
Warren Buffett's Retirement Strategy Has a Catch: VOO Alone May Not Be Enough in 2026Yahoo Finance · Nov 8, 2026Most investors are blind to the possibility of a market crash. Here is the five-part strategy to survive one.MarketWatch · Nov 5, 2026Strategy's Michael Saylor Blames These 3 Factors for Bitcoin's Recent Sluggish Performance. The Most Important Is Treasury Yields.Yahoo Finance · Nov 2, 2026Nvidia's web of AI bets: smart strategy or bubble risk?Yahoo Finance · Oct 30, 202620 Years of S&P 500 History Show: This Simple Strategy Is Only 8.3% Less Than "Perfect"Yahoo Finance · Oct 29, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
32No pass
Benjamin Graham
53No pass
Philip Fisher
45No pass
Peter Lynch
12No pass
Joel Greenblatt
0No pass
Charlie Munger
35No pass
Terry Smith
33No pass
Questions about TON Strategy
Is TON Strategy a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the TON Strategy AI analysis
What does TON Strategy do?
The first NASDAQ‑listed publicly traded treasury for Toncoin ($TON), the native cryptocurrency of The Open Network (TON). It is in Asset Management.
Does TON Strategy pay a dividend?
No. TON Strategy does not pay a dividend at the moment; in 2025 it returned $26.7 million to shareholders by buying back its own shares.
Is TON Strategy stock halal?
Yes. TON Strategy passes our halal screen: its business is permitted and its debt is 0.1% of its market value, under the 30% limit. How we check
How has TON Strategy stock done over the past year?
Down 10.6% over the past twelve months, to $2.95. It traded between $1.80 and $4.23 and is 30.3% below its high.
Who are TON Strategy's competitors?
The largest listed companies in the same industry are BlackRock, Blackstone, Investor and Brookfield. The peers table on this page compares their profit, growth and price with TON Strategy's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.