TON Strategy (TONX) EV to FCF (2014 - 2026)
TON Strategy's (TONX) quarterly EV to FCF came in at 22.15 in Q1 2026, down 454.78% on a YoY basis from 6.24 in Q1 2025, and down 1763.66% quarter-over-quarter from 1.19 in Q4 2025.
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TON Strategy (TONX) EV to FCF (2014 - 2026) Analysis & Trends
TON Strategy (TONX) has reported EV to FCF for 13 consecutive years, with 22.15 the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, EV to FCF fell 454.78% year-over-year to 22.15; the trailing twelve-month figure through Mar 2026 stood at 0.33 (down 136.79% YoY), and the FY2025 full-year result was 0.03, down 102.82% from the prior year.
- EV to FCF eased to 22.15 in Q1 2026 per TONX's latest filing, from 1.19 in the prior quarter.
- Across five years, EV to FCF topped out at 6.24 in Q1 2025 and bottomed at 111500.96 in Q3 2022.
- Historically, EV to FCF has averaged 20414.94 across 5 years, with a median of 391.94 in 2023.
- The sharpest annual moves came in 2024 and 2026: EV to FCF soared 104.44% in 2024, then sank 454.78% in 2026.
- Over 5 years, EV to FCF stood at 45391.6 in 2022, then surged by 99.76% to 108.12 in 2023, then soared by 104.44% to 4.8 in 2024, then slumped by 124.76% to 1.19 in 2025, then tumbled by 1763.66% to 22.15 in 2026.
- According to Business Quant data, EV to FCF over the past three periods registered 22.15, 1.19, and 0.68 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Coinbase Global | 48.70 Bn | 39.92 Bn | 1.16 Bn |
| 2 | Bullish | 5.43 Bn | 5.38 Bn | 15.53 Mn |
| 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 |
| 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 | -22.15 |
| Dec 31, 2025 | -1.19 |
| Sep 30, 2025 | -0.68 |
| Jun 30, 2025 | 0.29 |
| Mar 31, 2025 | 6.24 |
| Dec 31, 2024 | 4.80 |
| Sep 30, 2024 | 4.71 |
| Jun 30, 2024 | -1,021.75 |
| Mar 31, 2024 | -733.18 |
| Dec 31, 2023 | -108.12 |
| Sep 30, 2023 | -391.94 |
| Jun 30, 2023 | -456.99 |
| Mar 31, 2023 | -1,293.77 |
| Dec 31, 2022 | -45,391.60 |
| Sep 30, 2022 | -111,500.96 |
| Jun 30, 2022 | -109,763.95 |
| Mar 31, 2022 | -76,383.74 |
| Dec 31, 2021 | -95,738.70 |
| Sep 30, 2021 | -156,407.26 |
| Jun 30, 2021 | -156,226.28 |