TON Strategy Company (TONX) AI Stock Analysis

• Market Cap: $221.35M
• Dividend Yield: N/A
• Average Volume (3M): 1.05M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.43
• Revenue Growth: 4095.10%
• EPS Growth: 93.91%
• Country: US
• Employees: 18
• Sector: Technology
• Sector Strength: 88
• Industry: Asset Management
• EPS (TTM): -1.79
• Shares Outstanding: 59,987,137
• 10 Day Avg. Volume: 946,004
• 30 Day Avg. Volume: 1,047,437
• PEG Ratio: <0.01
• Price to Book (P/B): 0.24
• Price to Sales (P/S): 4.33
• P/FCF Ratio: -0.43
• Enterprise Value/Market Cap: 0.02
• Enterprise Value/Revenue: 1.01
• Enterprise Value/Gross Profit: 1.39
• Enterprise Value/Ebitda: -0.46
• 1Y Price Target: $6.50
• Price Target Upside: 76.15% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 39 Underperform
• Price Target: $6.50 ▲(76.15% Upside)

TON Strategy Company faces significant challenges with profitability and cash flow management, despite strong revenue growth. Technical indicators suggest bearish momentum, and the negative P/E ratio highlights valuation concerns. These factors collectively result in a low overall stock score.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for the company's products and services, suggesting effective market penetration and potential for future expansion.

Low Leverage

Low leverage suggests prudent financial management, providing the company with flexibility to invest in growth opportunities without significant debt burden.

Efficient Cost Management

Efficient cost management at the gross level allows the company to maintain competitive pricing and invest in strategic initiatives, supporting long-term profitability.

Negative Factors

Profitability Challenges

Ongoing profitability challenges can hinder the company's ability to reinvest in growth and may impact its long-term financial health and shareholder returns.

Negative Cash Flow

Negative cash flow indicates potential liquidity issues, limiting the company's ability to fund operations and growth initiatives without external financing.

Negative Return on Equity

A negative return on equity reflects inefficiencies in generating shareholder value, which could deter investment and impact the company's market perception.

TON Strategy Company Business Overview & Revenue Model

Company Description

The first NASDAQ‑listed publicly traded treasury for Toncoin ($TON), the native cryptocurrency of The Open Network (TON). The company accumulates and stakes $TON to build a long-term treasury, offering regulated market exposure to TON through structured capital deployment and staking rewards.

How the Company Makes Money

Verb Technology Company generates revenue primarily through its subscription-based SaaS model, where clients pay for access to its interactive video platform and related services. Key revenue streams include monthly or annual subscription fees from businesses leveraging its technology for sales and marketing purposes. Additionally, the company may earn revenue through professional services, including training and integration support, as well as potential licensing agreements for its proprietary technology. Strategic partnerships with other technology companies and marketing agencies further enhance its market reach and contribute to its earnings by expanding its customer base and providing additional channels for revenue generation.

TON Strategy Company Financial Statement Overview

Summary

TON Strategy Company shows strong revenue growth but struggles with profitability due to high operating expenses. The balance sheet is solid with low leverage, but negative return on equity and cash flow issues indicate potential liquidity risks.

Income Statement

TON Strategy Company shows significant revenue growth, particularly in the TTM period with a 95.12% increase. However, the company is struggling with profitability, as evidenced by negative net profit margins and EBIT margins across all periods. The gross profit margin is relatively strong, indicating efficient cost management at the gross level, but high operating expenses are eroding profitability.

Balance Sheet

The company's balance sheet reflects low leverage with a debt-to-equity ratio of 0.0145 in the TTM period, indicating prudent financial management. However, the return on equity is negative, suggesting that the company is not generating sufficient returns for its shareholders. The equity ratio is relatively stable, indicating a solid capital structure.

Cash Flow

Cash flow analysis reveals challenges, with negative operating and free cash flows in all periods. The free cash flow to net income ratio is slightly above 1, indicating that cash flow is somewhat aligned with net income, but the negative growth in free cash flow in the TTM period highlights ongoing cash management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.28M	895.00K	63.00K	9.44M	10.52M	9.96M
Gross Profit	3.13M	671.00K	44.00K	6.12M	6.02M	5.16M
EBITDA	-9.45M	-10.57M	-11.46M	-13.44M	-29.68M	-22.01M
Net Income	-10.09M	-10.33M	-21.99M	-46.47M	-34.49M	-24.96M
Balance Sheet
Total Assets	23.66M	20.64M	10.84M	24.49M	34.43M	32.54M
Cash, Cash Equivalents and Short-Term Investments	4.35M	12.53M	4.35M	2.43M	937.00K	1.81M
Total Debt	282.00K	464.00K	2.38M	9.07M	3.81M	6.07M
Total Liabilities	4.31M	4.61M	7.71M	19.33M	21.11M	21.80M
Stockholders Equity	19.38M	16.20M	3.13M	5.17M	13.32M	10.74M
Cash Flow
Free Cash Flow	-4.92M	-9.11M	-10.90M	-24.16M	-28.14M	-16.61M
Operating Cash Flow	-4.58M	-8.77M	-10.60M	-19.41M	-25.86M	-16.29M
Investing Cash Flow	-5.41M	-5.38M	4.44M	-4.75M	-2.26M	-88.00K
Financing Cash Flow	-43.00K	18.29M	8.08M	25.65M	27.25M	17.21M

TON Strategy Company Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TONX, the sentiment is Negative. The current price of 3.69 is below the 20-day moving average (MA) of 6.10, below the 50-day MA of 10.79, and below the 200-day MA of 7.66, indicating a bearish trend. The MACD of -1.55 indicates Positive momentum. The RSI at 19.00 is Positive, neither overbought nor oversold. The STOCH value of 1.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TONX.

TON Strategy Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SMSI	42 Neutral	$15.74M	―	-94.92%	―	-38.89%	64.99%
VS	39 Underperform	$9.80M	―	-15.68%	―	1873.85%	91.70%
TONX	39 Underperform	$221.35M	―	-51.38%	―	4095.10%	93.91%

TON Strategy Company Corporate Events

TON Strategy Company Begins Stock Buyback Program

On September 12, 2025, TON Strategy Company announced its initial stock repurchases under a $250 million program and the commencement of staking operations. The company repurchased over 250,000 shares at an average price of $8.32, below the treasury asset value per share of $12.18 as of September 11, 2025. The start of staking operations marks a strategic move to generate recurring on-chain revenues and enhance shareholder value. These actions reflect the company’s confidence in its financial strength and the potential of The Open Network ecosystem, aligning with recent developments in the broader TON network.

The most recent analyst rating on (TONX) stock is a Sell with a $8.50 price target. To see the full list of analyst forecasts on TON Strategy Company stock, see the TONX Stock Forecast page.

TON Strategy Announces $250M Stock Buyback Program

On September 8, 2025, TON Strategy Company announced its treasury asset value per share was $11.90 as of September 7, 2025, and appointed Cantor Fitzgerald & Co. as a buyback agent for its $250 million stock repurchase program. This move underscores the company’s commitment to transparency and strategic growth in the digital asset industry. The company, which focuses on holding Toncoin, aims to compound value for investors and strengthen the TON network’s infrastructure. The announcement follows the publication of the Chairman’s Message on September 5, 2025, which outlined the company’s growth strategy and opportunities.

The most recent analyst rating on (TONX) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on TON Strategy Company stock, see the TONX Stock Forecast page.

TON Strategy Company Expands Toncoin Holdings for Growth

On September 5, 2025, TON Strategy Company announced plans to increase its Toncoin holdings from 4.23% to over 5% of the total supply, aiming to generate sustainable staking rewards and enhance its cash flow. The company also revealed potential strategies for 2025 and 2026, including developing proprietary staking infrastructure, tokenizing its stock on the TON blockchain, and supporting open-source software development, which could significantly impact its operations and industry positioning.

The most recent analyst rating on (TONX) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on TON Strategy Company stock, see the TONX Stock Forecast page.