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Tron (TRON) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Tron (TRON) Q3 2026 earnings results →
Q3 2026 Revenue up 8% year over year to $1.2M · operating margin -48.3%
Tron made $1.2M in Q3 2026 (+8% Y/Y). Operating margin -48.3%, net earnings $14.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.2M in Q3 2026, up 8% year over year and down 24% from the previous quarter.
Gross margin was 31.5%, up 4.5 points from Q3 2025. Operating costs exceeded revenue by $573K, an operating margin of -48.3%. Operating expenses fell 1% while revenue rose 8%. Net earnings were $14.9M, up 23% year over year. The effective tax rate was 21.0%. Non-operating items added $19.5M, 103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$947K. Non-cash charges added back $5K of depreciation and amortization. Working capital and other items used $15.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $1.2M | +8% | -48.3% | $14.9M | −$947K |
| Q2 2026 | 10-Q | Aug 11, 2026 | $1.6M | +17% | -34.2% | $2.9M | −$421K |
| Q1 2026 | 10-Q | May 8, 2026 | $1.2M | +9% | -50.4% | $21.6M | −$539K |
| Q4 2025 | 10-K | Mar 25, 2026 | $1.2M | +31% | -39.0% | −$29.8M | −$428K |
| Q3 2025 | 10-Q | Nov 10, 2025 | $1.1M | +26% | -59.5% | $12.2M | −$850K |
| Q2 2025 | 10-Q | Aug 8, 2025 | $1.3M | -11% | -55.4% | $1.5M | $41K |
| Q1 2025 | 10-Q | May 9, 2025 | $1.1M | +8% | -59.4% | −$647K | −$207K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Tron
Tron Inc. (formerly SRM Entertainment, Inc.), is a publicly traded company pioneering blockchain-integrated treasury strategies. As the public company with the largest TRON (TRX) tokens holdings, the Company is committed to transparency, long-term value creation and the adoption of decentralized financial tools. In addition, through our wholly owned subsidiary, the Company designs, develops, and manufactures custom merchandise which includes toys and souvenirs for the world’s largest theme parks and other entertainment venues. Many of the Company’s products are based on award winning multi-billion-dollar entertainment franchises that are featured in popular movies and books. The products are distributed worldwide at Walt Disney Parks and Resorts, Universal Parks and Destinations, United Parks and Resorts – SeaWorld, Six Flags and other attractions.
In its own words, from its 10-K, filed Mar 25, 2026.
Tron against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +17%. Operating margin: -48.3% against the peers' median 5.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TRON Tron | Q3 2026 | $1.2M | +8% | -48.3% |
| AXP American Express | Q3 2026 | $20.1B | +9% | 22.6% |
| BTGO Bitgo Holdings | Q2 FY27 | $4.3B | +80% | -0.4% |
| General Motors Financial Company | Q3 2026 | $4.3B | -0.6% | 15.3% |
| SOFI SoFi Technologies | Q3 2026 | $1.4B | +44% | 22.9% |
| COIN Coinbase Global | Q3 2026 | $1.2B | -35% | 5.1% |
| CRCL Circle Internet Group | Q3 2026 | $865M | +17% | 24.1% |
| CHYM Chime Financial | Q3 2026 | $718M | +32% | 4.8% |
| GDOT Green DOT | Q2 2026 | $596M | +18% | -0.1% |
Source: Tron 10-Q on SEC EDGAR · CIK 1956744 · Finance Services
Guidance and outlook
13F: who owns TRON and who is buying
More on TRON
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results