TON Strategy (TONX) Operating Expenses (2013 - 2026)

TON Strategy (TONX) posted Operating Expenses of $7.8 million for Q1 2026, down 47.31% on a QoQ basis from $14.9 million in Q4 2025, and up 132.84% year-over-year from $3.4 million in Q1 2025.

TON Strategy (TONX) Operating Expenses (2013 - 2026) Analysis & Trends

TON Strategy's Operating Expenses history runs 14 years deep, the most recent figure standing at $7.8 million for Q1 2026.

  • Quarterly Operating Expenses rose 132.84% year-over-year to $7.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $53.1 million (up 318.66% YoY) and the FY2025 annual result came in at $49.2 million, up 292.54% from the prior year.
  • Operating Expenses was $7.8 million for Q1 2026 at TON Strategy, down from $14.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $25.3 million in Q3 2025 and bottomed at $2.4 million in Q3 2024.
  • A 5-year average of $6.2 million and a median of $4.1 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses plunged 62.44% — and 2025, when it jumped 937.58%.
  • TON Strategy's Operating Expenses stood at $3.3 million in 2022, then dropped by 8.92% to $3.0 million in 2023, then jumped by 45.77% to $4.4 million in 2024, then soared by 235.73% to $14.9 million in 2025, then tumbled by 47.31% to $7.8 million in 2026.
  • Business Quant data shows TONX's Operating Expenses at $7.8 million in Q1 2026, $14.9 million in Q4 2025, and $25.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 TON Strategy 42,108.45 -35.09 Mn 3.96 Mn 7.84 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 7.84 Mn
Dec 31, 2025 14.88 Mn
Sep 30, 2025 25.32 Mn
Jun 30, 2025 5.06 Mn
Mar 31, 2025 3.37 Mn
Dec 31, 2024 4.43 Mn
Sep 30, 2024 2.44 Mn
Jun 30, 2024 2.44 Mn
Mar 31, 2024 3.22 Mn
Dec 31, 2023 3.04 Mn
Sep 30, 2023 3.42 Mn
Jun 30, 2023 3.27 Mn
Mar 31, 2023 4.13 Mn
Dec 31, 2022 3.34 Mn
Sep 30, 2022 5.56 Mn
Jun 30, 2022 4.80 Mn
Mar 31, 2022 9.03 Mn
Dec 31, 2021 8.89 Mn
Sep 30, 2021 10.04 Mn
Jun 30, 2021 10.16 Mn