TON Strategy (TONX) FCF Margin (2016 - 2026)
TON Strategy's (TONX) quarterly FCF Margin came in at 89.4% in Q1 2026, down 235.0% on a YoY basis from 66.22% in Q1 2025, and up 35.77% quarter-over-quarter from 139.18% in Q4 2025.
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TON Strategy (TONX) FCF Margin (2016 - 2026) Analysis & Trends
TON Strategy (TONX) has reported FCF Margin for 10 consecutive years, with 89.4% the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 235.0% year-over-year to 89.4%; the trailing twelve-month figure through Mar 2026 stood at 1909.06% (down 154376.0% YoY), and the FY2025 full-year result was 2471.0%, down 145346.0% from the prior year.
- FCF Margin rose to 89.4% in Q1 2026 per TONX's latest filing, from 139.18% in the prior quarter.
- Across five years, FCF Margin topped out at 87.05% in Q1 2025 and bottomed at 144550.0% in Q1 2023.
- Historically, FCF Margin has averaged 26410.88% across 5 years, with a median of 6668.97% in 2023.
- The sharpest annual moves came in 2023 and 2024: FCF Margin plunged 14424591 bps in 2023, then jumped 11266429 bps in 2024.
- Over 5 years, FCF Margin stood at 56120.0% in 2022, then surged by 87 bps to 7320.69% in 2023, then surged by 96 bps to 279.94% in 2024, then surged by 50 bps to 139.18% in 2025, then soared by 36 bps to 89.4% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 89.4%, 139.18%, and 8432.28% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.70 Bn | 39.92 Bn | 1.16 Bn | 16.17% |
| 2 | Bullish | 5.43 Bn | 5.38 Bn | 15.53 Mn | 0.05% |
| 3 | Canton Strategic Holdings | 494.45 Mn | 494.45 Mn | - | -468.09% |
| 4 | Cypherpunk Technologies | 446.07 Mn | 446.07 Mn | - | - |
| 5 | Coincheck | 267.10 Mn | 165.50 Mn | 11.20 Mn | -0.95% |
| 6 | Exodus Movement | 226.48 Mn | -128.60 Mn | - | -186.74% |
| 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 | -89.40% |
| Dec 31, 2025 | -139.18% |
| Sep 30, 2025 | -8,432.28% |
| Jun 30, 2025 | -109.28% |
| Mar 31, 2025 | -87.05% |
| Dec 31, 2024 | -279.94% |
| Sep 30, 2024 | -1,371.88% |
| Jun 30, 2024 | -8,364.86% |
| Mar 31, 2024 | -31,885.71% |
| Dec 31, 2023 | -7,320.69% |
| Sep 30, 2023 | -6,668.97% |
| Jun 30, 2023 | -67,766.67% |
| Mar 31, 2023 | -144,550.00% |
| Dec 31, 2022 | -56,120.00% |
| Sep 30, 2022 | -115,333.33% |
| Jun 30, 2022 | -161.69% |
| Mar 31, 2022 | -304.09% |
| Dec 31, 2021 | -279.31% |
| Sep 30, 2021 | -237.62% |
| Jun 30, 2021 | -279.97% |