TON Strategy (TONX) EBITDA Margin (2016 - 2026)
TON Strategy's EBITDA Margin came in at -73.60% for Q1 2026, up 108.24 percentage points from -181.84% a year earlier and up 79.64 percentage points from the prior quarter.
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Analysis
TON Strategy (TONX) EBITDA Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, TON Strategy reported EBITDA Margin of -218.99%, up 236.05 percentage points year-over-year; for FY2025, it came in at -274.96%, up 894.65 percentage points from FY2024.
- EBITDA Margin has increased in each of the last three years, though with a five-year change of -47.34 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was -1169.61% in FY2024 (+16535.15 pp), -17704.76% in FY2023 (+198282.74 pp), -215987.50% in FY2022 (-215706.49 pp) and -281.01% in FY2021 (-53.40 pp).
- The Q1 2026 figure represents the highest quarterly EBITDA Margin since Q2 2019.
- Year-over-year, EBITDA Margin has increased for 11 consecutive quarters, with an average year-over-year change of +18687.02 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in Q3 2023 (a gain of 157880.46 percentage points), and the weakest in Q1 2023 (a drop of 172663.58 percentage points).
- Business Quant data shows TONX's EBITDA Margin at -153.24% (Q4 2025), -592.05% (Q3 2025) and -122.37% (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.08 Bn | 8.30 Bn | - | 19.27% |
| 2 | Block | 46.71 Bn | 18.00 Bn | 3.17 Bn | 8.19% |
| 3 | Coinbase Global | 45.00 Bn | 1.80 Bn | - | -5.44% |
| 4 | Corpay | 26.84 Bn | 16.72 Bn | - | 44.38% |
| 5 | Fiserv | 25.68 Bn | 22.36 Bn | 2.90 Bn | 35.62% |
| 6 | Global Payments | 22.94 Bn | 732.47 Mn | 2.03 Bn | 37.59% |
| 7 | Guidewire Software | 15.52 Bn | 12.08 Bn | 269.68 Mn | 19.18% |
| 8 | Bitmine Immersion Technologies | 12.62 Bn | 10.00 Bn | 40.81 Mn | -24.67% |
| 9 | Chime Financial | 11.56 Bn | 7.35 Bn | 594.87 Mn | 4.32% |
| 10 | TON Strategy | 165.02 Mn | 165.02 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -73.60% |
| Dec 31, 2025 | -153.24% |
| Sep 30, 2025 | -592.05% |
| Jun 30, 2025 | -122.37% |
| Mar 31, 2025 | -181.84% |
| Dec 31, 2024 | -474.55% |
| Sep 30, 2024 | -1,592.97% |
| Jun 30, 2024 | -5,772.97% |
| Mar 31, 2024 | -40,885.71% |
| Dec 31, 2023 | -8,065.52% |
| Sep 30, 2023 | -9,486.21% |
| Jun 30, 2023 | -92,000.00% |
| Mar 31, 2023 | -172,900.00% |
| Dec 31, 2022 | -52,580.00% |
| Sep 30, 2022 | -167,366.67% |
| Jun 30, 2022 | -207.42% |
| Mar 31, 2022 | -236.42% |
| Dec 31, 2021 | -217.33% |
| Sep 30, 2021 | -252.83% |
| Jun 30, 2021 | -330.98% |
API Access
TON Strategy EBITDA Margin 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=ebitda-margin&ticker=TONX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=TONX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();