Filing Flows › TON Strategy (TONX) › Q2 2026
TON Strategy (TONX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
TON Strategy (TONX) reported revenue of $15.0M for the second quarter 2026 (Q2 2026), +607% from a year earlier and +186% from the quarter before. Operating margin was 3.2%, net earnings $76.8M (511.0% of revenue).
TON Strategy, Q2 2026: revenue $15.0M (+607% year over year), operating margin 3.2%, net earnings $76.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.0M | +186% | +607% |
| Gross profit | $14.3M | +260% | — |
| Operating profit | $479K | — | — |
| Net earnings | $76.8M | — | — |
What changed
Revenue was $15.0M in Q2 2026, up 607% year over year and up 186% from the previous quarter.
Gross margin was 94.9%. Operating profit was $479K, a 3.2% margin (up 62.6 points year over year). The fastest-growing cost line was General & admin (+976%). Net earnings were $76.8M ($76.5M including minority interests, which bore $225K of losses). The effective tax rate was 0.0%. Non-operating items added $76.0M, 99% of pre-tax earnings, so the bottom line overstates operating performance.
Questions
What was TON Strategy's revenue in the second quarter 2026?
TON Strategy (TONX) reported revenue of $15.0M for the second quarter 2026 (Q2 2026), +607% from a year earlier and +186% from the quarter before.
Was TON Strategy profitable in the second quarter 2026?
Operating profit was $479K (3.2% of revenue) and net earnings $76.8M.
Source: TON Strategy 10-Q on SEC EDGAR.