Filing Flows › TON Strategy (TONX) › Q1 2026 › vs Q1 2025
TON Strategy (TONX) Q1 2026 vs Q1 2025 (year over year)
TON Strategy's revenue rose $3.9M (+303%) from $1.3M in Q1 2025 to $5.3M in Q1 2026. The biggest changes: Market Live +$1.1M (+204%); Go Fund Yourself −$197K (-26%).
TON Strategy, Q1 2026: revenue $5.3M (+302% year over year), operating margin -74.0%, net loss $91.0M, operating cash flow −$4.7M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Market Live | $1.7M | $561K | $1.1M | +204% |
| Go Fund Yourself | $547K | $744K | −$197K | -26% |
| Revenue | $5.3M | $1.3M | $3.9M | +303% |
| Net loss | $91.0M | $2.4M | $88.5M | 37× |
| Costs & expenses | $96.2M | $4.0M | $92.2M | 24× |
| Operating costs | $9.1M | $4.0M | $5.2M | +131% |
| Interest & other, net | $87.1M | −$221K | $87.3M | — |
| Cost of revenue | $1.3M | $596K | $700K | +117% |
| Operating expenses | $7.8M | $3.4M | $4.5M | +133% |
| Operating cash sources | $91.0M | $2.4M | $88.5M | 37× |
| Depreciation & amortization | $19K | $286K | −$267K | -93% |
| Share-based compensation | $1.1M | $958K | $164K | +17% |
| Working capital & other | $85.1M | $124K | $85.0M | 686× |
| Cash used in operations | $4.7M | $1.1M | $3.6M | +338% |
| Net loss absorbed | $91.0M | $2.4M | $88.5M | 37× |
Questions
How much did TON Strategy's revenue grow year over year in Q1 2026?
TON Strategy's revenue rose $3.9M (+303%) from $1.3M in Q1 2025 to $5.3M in Q1 2026.
What drove TON Strategy's revenue change in Q1 2026?
Market Live +$1.1M (+204%); Go Fund Yourself −$197K (-26%).