TON Strategy (TONX) Operating Expenses (2013 - 2026)
TON Strategy (TONX) reported Operating Expenses of $7.8 million for Q1 2026, up 132.84% on a YoY basis from $3.4 million in Q1 2025, and down 47.31% quarter-over-quarter from $14.9 million in Q4 2025.
TON Strategy (TONX) Operating Expenses (2013 - 2026) Analysis & Trends
TON Strategy has reported Operating Expenses for 14 years, with the latest figure at $7.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 132.84% year-over-year to $7.8 million; the trailing twelve-month figure through Mar 2026 stood at $53.1 million (up 318.66% YoY), and the FY2025 full-year result was $49.2 million, up 292.54% from the prior year.
- Operating Expenses for Q1 2026 stood at $7.8 million, down from $14.9 million in the prior quarter.
- The five-year high for Operating Expenses was $25.3 million in Q3 2025, with the low at $2.4 million in Q3 2024.
- Historically, Operating Expenses has averaged $6.2 million across 5 years, with a median of $4.1 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses sank 62.44% — and 2025, when it jumped 937.58%.
- TON Strategy's Operating Expenses stood at $3.3 million in 2022, then decreased by 8.92% to $3.0 million in 2023, then surged by 45.77% to $4.4 million in 2024, then jumped by 235.73% to $14.9 million in 2025, then sank by 47.31% to $7.8 million in 2026.
- The last three Operating Expenses figures came in at $7.8 million (Q1 2026), $14.9 million (Q4 2025), and $25.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 262.33 Bn | 244.36 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 173.49 Bn | 170.93 Bn | - | -269.42 Mn |
| 3 | Salesforce | 158.80 Bn | 146.96 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Shopify | 144.36 Bn | 138.62 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Uber Technologies | 144.25 Bn | 143.21 Bn | 11.88 Bn | 11.28 Bn |
| 6 | ServiceNow | 118.74 Bn | 113.56 Bn | 2.83 Bn | 2.33 Bn |
| 7 | Cadence Design Systems | 107.33 Bn | 105.92 Bn | 1.26 Bn | 1.04 Bn |
| 8 | Adobe | 100.50 Bn | 93.61 Bn | 5.73 Bn | 3.32 Bn |
| 9 | Automatic Data Processing | 92.49 Bn | 89.26 Bn | 2.87 Bn | 4.23 Bn |
| 10 | TON Strategy | 192.09 Mn | 192.08 Mn | 3.96 Mn | 7.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |