TON Strategy (TONX) Intangibles (2015 - 2026)
TON Strategy (TONX) reported Intangibles of $60,000 for Q1 2026, down 64.5% from $169,000 a year earlier and down 100.0% from the prior quarter.
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Analysis
TON Strategy (TONX) Intangibles (2015 - 2026) Analysis & Trends
At the end of FY2025, TON Strategy posted Intangibles of $356.81 million.
- Intangibles has a five-year compound annual growth rate of 133.4% (FY2020 to FY2025).
- By year, Intangibles came in at $3.49 million in FY2024, $117,000 in FY2023 (+41.0%), $83,000 in FY2022 (-97.9%) and $3.95 million in FY2021 (-23.3%).
- The Q1 2026 figure ranks as the lowest quarterly Intangibles in data going back to Q1 2015.
- Year over year, Intangibles gained in five of the last six quarters, with growth averaging 195.5%.
- The high point for year-over-year Intangibles in five years was Q2 2025 (growth of 584.5%); the low point was Q4 2022 (a decline of 97.9%).
- Per Business Quant data, the three quarters before Q1 2026 came in at $356.81 million (Q4 2025), $1.01 million (Q3 2025) and $1.06 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | 1.47 Bn |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | 178.00 Mn |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | 1.20 Bn |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | 317.43 Mn |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | 2.92 Bn |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | - |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | 19.41 Bn |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | 10.87 Bn |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | 16.41 Mn |
| 10 | TON Strategy | 213.69 Mn | 74.78 Mn | 3.96 Mn | 60,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 60,000.00 |
| Dec 31, 2025 | 356.81 Mn |
| Sep 30, 2025 | 1.01 Mn |
| Jun 30, 2025 | 1.06 Mn |
| Mar 31, 2025 | 169,000.00 |
| Dec 31, 2024 | 3.49 Mn |
| Sep 30, 2024 | 184,000.00 |
| Jun 30, 2024 | 155,000.00 |
| Mar 31, 2024 | 135,000.00 |
| Dec 31, 2023 | 117,000.00 |
| Sep 30, 2023 | 97,000.00 |
| Jun 30, 2023 | 83,000.00 |
| Mar 31, 2023 | 762,000.00 |
| Dec 31, 2022 | 83,000.00 |
| Sep 30, 2022 | 2.97 Mn |
| Jun 30, 2022 | 3.32 Mn |
| Mar 31, 2022 | 3.67 Mn |
| Dec 31, 2021 | 3.95 Mn |
| Sep 30, 2021 | 4.37 Mn |
| Jun 30, 2021 | 4.43 Mn |
API Access
TON Strategy Intangibles 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=intangibles&ticker=TONX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=TONX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();