Filing Flows › TON Strategy (TONX) › How it makes money
How TON Strategy (TONX) makes money
TON Strategy (TONX) made $15.0M of revenue in the second quarter 2026 (Q2 2026), up 25-fold from a year earlier. Of every dollar of revenue, 95¢ was left as gross profit, 3¢ was left as operating profit, 511¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $15.0M | 100.0% |
| Cost of revenue | $766K | 5.1% |
| Gross profit | $14.3M | 94.9% |
| Operating expenses | $13.8M | 91.7% |
| Operating profit | $479K | 3.2% |
| Income tax | $2K | 0.0% |
| Net earnings | $76.8M | 511.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $15.0M | +607% |
| Q1 2026 | $5.3M | +302% |
| Q4 2025 | $5.7M | +694% |
| Q3 2025 | $3.6M | 28× |
| Q2 2025 | $2.1M | 57× |
| Q1 2025 | $1.3M | 186× |
| Q4 2024 | $723K | 25× |
From TON Strategy's 10-Q filed Aug 11, 2026 (on EDGAR).
Questions
How does TON Strategy make money?
TON Strategy (TONX) made $15.0M of revenue in the second quarter 2026 (Q2 2026), up 25-fold from a year earlier. Of every dollar of revenue, 95¢ was left as gross profit, 3¢ was left as operating profit, 511¢ was left as net earnings.
What is TON Strategy's profit margin?
Net earnings were $76.8M, 511.0% of revenue, in the second quarter 2026; the operating margin was 3.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.