Filing Flows › TON Strategy (TONX) › Q4 2024
TON Strategy (TONX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 25, 2025
TON Strategy (TONX) reported revenue of $723K for the fourth quarter 2024 (Q4 2024), up 25-fold from a year earlier and +465% from the quarter before. Operating margin was -513.1%, net loss $3.4M (466.0% of revenue).
TON Strategy, Q4 2024: revenue $723K (25× year over year), operating margin -513.1%, net loss $3.4M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $723K | +465% | 25× |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $723K in Q4 2024, up 2393% year over year and up 465% from the previous quarter. Market Live was the largest line at 68% of revenue.
Operating costs exceeded revenue by $3.7M, an operating margin of -513.1%. Total costs grew 46% against revenue growth of 2393%. The fastest-growing cost line was Cost of revenue (+1017%). The quarter ended with a net loss of $3.4M, wider than the previous quarter's $2.0M loss. Minority interests bore $181K of it: to shareholders the quarter was a loss of $3.2M.
Operating cash flow was −$1.9M. Non-cash charges added back $279K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $105K. Capital expenditures of $160K exceeded it, leaving free cash flow of −$2.0M.
Questions
What was TON Strategy's revenue in the fourth quarter 2024?
TON Strategy (TONX) reported revenue of $723K for the fourth quarter 2024 (Q4 2024), up 25-fold from a year earlier and +465% from the quarter before.
Was TON Strategy profitable in the fourth quarter 2024?
Operating loss was $3.7M (-513.1% of revenue) and net loss $3.4M.
Source: TON Strategy 10-K on SEC EDGAR.