TON Strategy (TONX) FCF Margin (2016 - 2026)
TON Strategy (TONX) reported FCF Margin of -89.40% for Q1 2026, down 2.35 percentage points from -87.05% a year earlier but up 49.79 percentage points from the prior quarter.
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Analysis
TON Strategy (TONX) FCF Margin (2016 - 2026) Analysis & Trends
Over the twelve months ended Mar 31, 2026, TON Strategy's FCF Margin came in at -1909.06%, down 1543.76 percentage points year-over-year; for FY2025, it came in at -2471.00%, down 1453.46 percentage points from FY2024.
- FCF Margin has a five-year change of -2304.31 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at -1017.54% in FY2024 (+12909.44 pp), -13926.98% in FY2023 (+157360.52 pp), -171287.50% in FY2022 (-171041.51 pp) and -245.99% in FY2021 (-79.30 pp).
- Five-year quarterly FCF Margin spans a low of -138500.00% in Q1 2023 and a high of -85.66% in Q2 2022.
- Year over year, FCF Margin gained in six of the last eight quarters, with an average year-over-year change of +12649.87 percentage points.
- The high point for year-over-year FCF Margin in five years was Q1 2024 (a gain of 106614.29 percentage points); the low point was Q1 2023 (a drop of 138280.79 percentage points).
- Per Business Quant data, the three quarters before Q1 2026 came in at -139.18% (Q4 2025), -8433.17% (Q3 2025) and -107.77% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 16.17% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 20.44% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 14.61% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 351.43% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 105.74% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 18.61% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 12.86% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 62.27% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 68.54% |
| 10 | TON Strategy | 224.99 Mn | 86.09 Mn | 3.96 Mn | -89.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -89.40% |
| Dec 31, 2025 | -139.18% |
| Sep 30, 2025 | -8,433.17% |
| Jun 30, 2025 | -107.77% |
| 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 | -7,355.17% |
| Sep 30, 2023 | -6,727.59% |
| Jun 30, 2023 | -64,000.00% |
| Mar 31, 2023 | -138,500.00% |
| Dec 31, 2022 | -49,200.00% |
| Sep 30, 2022 | -108,966.67% |
| Jun 30, 2022 | -85.66% |
| Mar 31, 2022 | -219.21% |
| Dec 31, 2021 | -197.75% |
| Sep 30, 2021 | -237.62% |
| Jun 30, 2021 | -279.97% |
API Access
TON Strategy FCF 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=fcf-margin&ticker=TONX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=TONX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();