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

TON Strategy (TONX) Gross Margin (2018 - 2026)

TON Strategy's (TONX) quarterly Gross Margin came in at 75.33% in Q1 2026, up 2100.0% on a YoY basis from 3.42% in Q1 2025, and up 17.09% quarter-over-quarter from 64.33% in Q4 2025.

Analysis

TON Strategy (TONX) Gross Margin (2018 - 2026) Analysis & Trends

TON Strategy (TONX) has reported Gross Margin for 9 consecutive years, with 75.33% the latest figure, recorded in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 2100.0% year-over-year to 75.33%; the trailing twelve-month figure through Mar 2026 stood at 71.05% (up 821.0% YoY), and the FY2025 full-year result was 69.53%, down 544.0% from the prior year.
  • Gross Margin improved to 75.33% in Q1 2026 per TONX's latest filing, from 64.33% in the prior quarter.
  • Across five years, Gross Margin topped out at 122440.0% in Q4 2022 and bottomed at 16.22% in Q2 2024.
  • Historically, Gross Margin has averaged 11715.79% across 5 years, with a median of 66.67% in 2022.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin soared 12238006 bps in 2022, then slumped 12238138 bps in 2023.
  • Over 5 years, Gross Margin stood at 122440.0% in 2022, then tumbled by 100 bps to 58.62% in 2023, then jumped by 39 bps to 81.47% in 2024, then declined by 21 bps to 64.33% in 2025, then grew by 17 bps to 75.33% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 75.33%, 64.33%, and 75.39% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Coinbase Global 48.70 Bn 39.92 Bn 1.16 Bn 95.11%
2 Bullish 5.43 Bn 5.38 Bn 15.53 Mn 0.05%
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 1.61%
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 75.33%
Dec 31, 2025 64.33%
Sep 30, 2025 75.39%
Jun 30, 2025 71.22%
Mar 31, 2025 54.33%
Dec 31, 2024 81.47%
Sep 30, 2024 57.81%
Jun 30, 2024 16.22%
Mar 31, 2024 28.57%
Dec 31, 2023 58.62%
Sep 30, 2023 82.76%
Jun 30, 2023 66.67%
Mar 31, 2023 75,800.00%
Dec 31, 2022 122,440.00%
Sep 30, 2022 66.67%
Jun 30, 2022 65.19%
Mar 31, 2022 63.84%
Dec 31, 2021 59.94%
Sep 30, 2021 62.55%
Jun 30, 2021 53.22%