TON Strategy (TONX) Cost of Revenue (2018 - 2026)
TON Strategy's (TONX) quarterly Cost of Revenue came in at $1.3 million in Q1 2026, up 117.45% on a YoY basis from $596000.0 in Q1 2025, and down 36.72% quarter-over-quarter from $2.0 million in Q4 2025.
Analysis
TON Strategy (TONX) Cost of Revenue (2018 - 2026) Analysis & Trends
TON Strategy (TONX) has reported Cost of Revenue for 9 consecutive years, with $1.3 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 117.45% year-over-year to $1.3 million; the trailing twelve-month figure through Mar 2026 stood at $4.8 million (up 494.23% YoY), and the FY2025 full-year result was $3.9 million, up 1638.39% from the prior year.
- Cost of Revenue eased to $1.3 million in Q1 2026 per TONX's latest filing, from $2.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $2.0 million in Q4 2025 and bottomed at $1000.0 in Q3 2022.
- Historically, Cost of Revenue has averaged $440764.7 across 5 years, with a median of $54000.0 in 2024.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue slumped 99.91% in 2022, then surged 11820.0% in 2025.
- Over 5 years, Cost of Revenue stood at $2000.0 in 2022, then surged by 500.0% to $12000.0 in 2023, then soared by 1016.67% to $134000.0 in 2024, then surged by 1428.36% to $2.0 million in 2025, then slumped by 36.72% to $1.3 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $1.3 million, $2.0 million, and $888000.0 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.70 Bn | 39.92 Bn | 1.16 Bn | 59.69 Mn |
| 2 | Bullish | 5.43 Bn | 5.38 Bn | 15.53 Mn | 32.57 Bn |
| 3 | Canton Strategic Holdings | 494.45 Mn | 494.45 Mn | - | - |
| 4 | Cypherpunk Technologies | 446.07 Mn | 446.07 Mn | - | - |
| 5 | Coincheck | 267.10 Mn | 165.50 Mn | 11.20 Mn | 685.10 Mn |
| 6 | Exodus Movement | 226.48 Mn | -128.60 Mn | - | - |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 8 | Usbc | 194.07 Mn | 190.41 Mn | - | - |
| 9 | TON Strategy | 187.68 Mn | 187.66 Mn | - | - |
| 10 | Universal Token | 174.68 Mn | 174.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 1.30 Mn |
| Dec 31, 2025 | 2.05 Mn |
| Sep 30, 2025 | 888,000.00 |
| Jun 30, 2025 | 611,000.00 |
| Mar 31, 2025 | 596,000.00 |
| Dec 31, 2024 | 134,000.00 |
| Sep 30, 2024 | 54,000.00 |
| Jun 30, 2024 | 31,000.00 |
| Mar 31, 2024 | 5,000.00 |
| Dec 31, 2023 | 12,000.00 |
| Sep 30, 2023 | 5,000.00 |
| Jun 30, 2023 | 1,000.00 |
| Mar 31, 2023 | 1,000.00 |
| Dec 31, 2022 | 2,000.00 |
| Sep 30, 2022 | 1,000.00 |
| Jun 30, 2022 | 835,000.00 |
| Mar 31, 2022 | 973,000.00 |
| Dec 31, 2021 | 1.08 Mn |
| Sep 30, 2021 | 1.09 Mn |
| Jun 30, 2021 | 1.12 Mn |