TON Strategy (TONX) Gross Margin (2018 - 2026)
TON Strategy (TONX) posted Gross Margin of 75.33% for Q1 2026, up 17.09% on a QoQ basis from 64.33% in Q4 2025, and up 2100.0% year-over-year from 3.42% in Q1 2025.
TON Strategy (TONX) Gross Margin (2018 - 2026) Analysis & Trends
TON Strategy's Gross Margin history runs 9 years deep, the most recent figure standing at 75.33% for Q1 2026.
- Quarterly Gross Margin rose 2100.0% year-over-year to 75.33% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 71.05% (up 821.0% YoY) and the FY2025 annual result came in at 69.53%, down 544.0% from the prior year.
- Gross Margin was 75.33% for Q1 2026 at TON Strategy, up 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.
- A 5-year average of 11715.79% and a median of 66.67% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin surged 12238006 bps — and 2023, when it plunged 12238138 bps.
- TON Strategy's 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.
- Business Quant data shows TONX's Gross Margin at 75.33% in Q1 2026, 64.33% in Q4 2025, and 75.39% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | TON Strategy | 42,108.45 | -35.09 Mn | 3.96 Mn | 75.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |