TON Strategy (TONX) Common Equity (2013 - 2026)
TON Strategy's Common Equity was $316.57 million in Q1 2026, compared with $14.54 million a year earlier and down 22.1% from the prior quarter.
Powered by 
Analysis
TON Strategy (TONX) Common Equity (2013 - 2026) Analysis & Trends
At the end of FY2025, Common Equity at TON Strategy came in at $406.49 million.
- Common Equity shows a five-year compound annual growth rate of 106.8% (FY2020 to FY2025).
- In earlier years, Common Equity was $16.02 million in FY2024 (+412.7%), $3.13 million in FY2023 (-39.5%), $5.17 million in FY2022 (-61.2%) and $13.32 million in FY2021 (+24.0%).
- Quarterly Common Equity has moved between -$1.82 million (Q2 2023) and $639.46 million (Q3 2025) over five years.
- The best year-over-year quarter for Common Equity over five years was Q4 2024 (growth of 412.7%); the worst was Q4 2022 (a decline of 61.2%).
- Per Business Quant data, TONX's Common Equity in the three quarters before Q1 2026 was $406.49 million (Q4 2025), $639.46 million (Q3 2025) and $19.38 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 13.08 Bn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 19.82 Bn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 22.05 Bn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 4.19 Bn |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 3.59 Bn |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 26.93 Bn |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 23.76 Bn |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 11.60 Bn |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 1.19 Bn |
| 10 | TON Strategy | 224.99 Mn | 86.09 Mn | 3.96 Mn | 316.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 316.57 Mn |
| Dec 31, 2025 | 406.49 Mn |
| Sep 30, 2025 | 639.46 Mn |
| Jun 30, 2025 | 19.38 Mn |
| Mar 31, 2025 | 14.54 Mn |
| Dec 31, 2024 | 16.02 Mn |
| Sep 30, 2024 | 18.03 Mn |
| Jun 30, 2024 | 19.91 Mn |
| Mar 31, 2024 | 14.00 Mn |
| Dec 31, 2023 | 3.13 Mn |
| Sep 30, 2023 | -715,000.00 |
| Jun 30, 2023 | -1.82 Mn |
| Mar 31, 2023 | 7.13 Mn |
| Dec 31, 2022 | 5.17 Mn |
| Sep 30, 2022 | 16.53 Mn |
| Jun 30, 2022 | 23.53 Mn |
| Mar 31, 2022 | 15.82 Mn |
| Dec 31, 2021 | 13.32 Mn |
| Sep 30, 2021 | 14.41 Mn |
| Jun 30, 2021 | 13.49 Mn |
API Access
TON Strategy Common Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=common-equity&ticker=TONX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "ticker": "TONX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=common-equity&ticker=TONX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();