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| 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 |