Filing Flows › TON Strategy (TONX) › Q2 2026 › vs Q1 2026
TON Strategy (TONX) Q2 2026 vs Q1 2026 (quarter over quarter)
TON Strategy's revenue rose $9.8M (+186%) from $5.3M in Q1 2026 to $15.0M in Q2 2026. Gross margin 94.9% against 75.3% (+19.6 pts).
TON Strategy, Q2 2026: revenue $15.0M (+607% year over year), operating margin 3.2%, net earnings $76.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 94.9% | 75.3% | +19.6 pts |
| Operating margin | 3.2% | -74.0% | +77.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $15.0M | $5.3M | $9.8M | +186% |
| Gross profit | $14.3M | $4.0M | $10.3M | +260% |
| Cost of revenue | $766K | $1.3M | −$530K | -41% |
| Other income, net | $76.0M | −$87.1M | $163M | — |
| Operating profit | $479K | −$3.9M | $4.4M | — |
| Operating expenses | $13.8M | $7.8M | $5.9M | +76% |
| Pre-tax earnings | $76.5M | −$91.0M | $167M | — |
| Loss borne by minority interests | $225K | −$86K | $311K | — |
| Net earnings | $76.8M | −$91.0M | $168M | — |
| Income tax | $2K | $0 | $2K | — |
Questions
How much did TON Strategy's revenue grow quarter over quarter in Q2 2026?
TON Strategy's revenue rose $9.8M (+186%) from $5.3M in Q1 2026 to $15.0M in Q2 2026. Gross margin 94.9% against 75.3% (+19.6 pts).