TON Strategy TONX
NASDAQ TONX
$3.32 -0.10 (-2.92%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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