TON Strategy (TONX) Operating Leases (2019 - 2026)
TON Strategy (TONX) reported Operating Leases of $63,000 for Q1 2026, down 65.6% from $183,000 a year earlier and down 21.3% from the prior quarter.
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Analysis
TON Strategy (TONX) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, TON Strategy posted Operating Leases of $80,000, down 64.0% from FY2024.
- Operating Leases has a five-year compound annual growth rate of -51.4% (FY2020 to FY2025).
- By year, Operating Leases came in at $222,000 in FY2024 (+35.4%), $164,000 in FY2023 (-89.6%), $1.58 million in FY2022 (-31.2%) and $2.3 million in FY2021 (-21.9%).
- The Q1 2026 figure ranks as the lowest quarterly Operating Leases in data going back to Q2 2019.
- Year over year, Operating Leases gained in four of the last eight quarters, with an average decline of 23.0%.
- The high point for year-over-year Operating Leases in five years was Q4 2024 (growth of 35.4%); the low point was Q2 2024 (a decline of 91.1%).
- Per Business Quant data, the three quarters before Q1 2026 came in at $80,000 (Q4 2025), $104,000 (Q3 2025) and $144,000 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn |
| 10 | TON Strategy | 224.99 Mn | 86.09 Mn | 3.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 63,000.00 |
| Dec 31, 2025 | 80,000.00 |
| Sep 30, 2025 | 104,000.00 |
| Jun 30, 2025 | 144,000.00 |
| Mar 31, 2025 | 183,000.00 |
| Dec 31, 2024 | 222,000.00 |
| Sep 30, 2024 | 102,000.00 |
| Jun 30, 2024 | 123,000.00 |
| Mar 31, 2024 | 144,000.00 |
| Dec 31, 2023 | 164,000.00 |
| Sep 30, 2023 | 184,000.00 |
| Jun 30, 2023 | 1.38 Mn |
| Mar 31, 2023 | 1.48 Mn |
| Dec 31, 2022 | 1.58 Mn |
| Sep 30, 2022 | 1.71 Mn |
| Jun 30, 2022 | 1.84 Mn |
| Mar 31, 2022 | 1.87 Mn |
| Dec 31, 2021 | 2.30 Mn |
| Sep 30, 2021 | 2.46 Mn |
| Jun 30, 2021 | 2.63 Mn |
API Access
TON Strategy Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=TONX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "TONX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=TONX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();