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
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