TON Strategy TONX
NASDAQ TONX
$3.32 -0.10 (-2.92%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

TON Strategy's (TONX) quarterly Operating Expenses came in at $7.8 million in 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.

Analysis

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

TON Strategy (TONX) has reported Operating Expenses for 14 consecutive years, with $7.8 million the latest figure, recorded 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 slipped to $7.8 million in Q1 2026 per TONX's latest filing, 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.
  • Historically, Operating Expenses has averaged $6.2 million across 5 years, with a median of $4.1 million in 2023.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses slumped 62.44% in 2022, then surged 937.58% in 2025.
  • Over 5 years, 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.
  • According to Business Quant data, Operating Expenses over the past three periods registered $7.8 million, $14.9 million, and $25.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Coinbase Global 48.70 Bn 39.92 Bn 1.16 Bn 1.33 Bn
2 Bullish 5.43 Bn 5.38 Bn 15.53 Mn -56.27 Mn
3 Canton Strategic Holdings 494.45 Mn 494.45 Mn - 2.70 Mn
4 Cypherpunk Technologies 446.07 Mn 446.07 Mn - 4.69 Mn
5 Coincheck 267.10 Mn 165.50 Mn 11.20 Mn 711.50 Mn
6 Exodus Movement 226.48 Mn -128.60 Mn - 44.71 Mn
7 Wewards 214.97 Mn 214.97 Mn - 14,393.00
8 Usbc 194.07 Mn 190.41 Mn - 28.10 Mn
9 TON Strategy 187.68 Mn 187.66 Mn - -
10 Universal Token 174.68 Mn 174.68 Mn - 17,725.00
Historic Data

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