Tron Inc. (TRON)
NASDAQ:TRON
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Tron
(NASDAQ:TRON)
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Rating:49Neutral
Price Target:
$2.00
▲(6.38% Upside)
Action:ReiteratedDate:04/09/26
The score is held down primarily by very weak financial performance (collapsed revenue, ongoing losses, and sustained cash burn). Technicals provide some support via improving short-to-medium-term momentum, while valuation remains challenged due to negative earnings. Corporate events are mixed, with notable dilution/control concentration offsetting some strategic positives around TRX treasury expansion.
Positive Factors
Balance sheet strength
A 2025 snapshot with no debt and a large equity base materially improves financial flexibility, lowering insolvency risk and giving management optionality for strategic moves (token buys, partnerships, or selective investment). This is a durable buffer versus peers with persistent leverage.
Negative Factors
Revenue collapse
An effective disappearance of revenue in 2025 and multi-year losses signal an unstable or non-monetized business model, undermining the firm's ability to fund operations internally. Without durable revenue, the company faces chronic financing needs, lower reinvestment capacity, and elevated execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A 2025 snapshot with no debt and a large equity base materially improves financial flexibility, lowering insolvency risk and giving management optionality for strategic moves (token buys, partnerships, or selective investment). This is a durable buffer versus peers with persistent leverage.
Read all positive factors
Tron (TRON) vs. SPDR S&P 500 ETF (SPY)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)1.48M
Price to Earnings (P/E)―
Beta (1Y)-0.27
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees5
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)N/A
Shares Outstanding274,382,050
10 Day Avg. Volume1,296,274
30 Day Avg. Volume1,478,490
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.61
Price to Sales (P/S)26.85
P/FCF Ratio-84.16
Enterprise Value/Market Cap10.00T>
Enterprise Value/Revenue15.52
Enterprise Value/Gross Profit61.42
Enterprise Value/Ebitda-33.73
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tron Business Overview & Revenue Model
Company Description
Tron Inc. designs, manufactures, and sells toys and souvenirs to theme parks and entertainment venues in the United States, China, Japan, and Europe. The company designs a range of product categories, including figures, plush, accessories, apparel...
How the Company Makes Money
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Tron Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.74M | 4.31M | 5.76M | 6.08M | 2.67M |
| Gross Profit | 1.20M | 855.23K | 1.32M | 1.23M | 555.43K |
| EBITDA | -2.18M | -4.19M | -1.99M | 361.09K | 0.00 |
| Net Income | -16.81M | -4.34M | -2.05M | 328.70K | -29.06K |
Balance Sheet | |||||
| Total Assets | 211.43M | 6.31M | 4.54M | 2.08M | 1.82M |
| Cash, Cash Equivalents and Short-Term Investments | 10.46M | 1.35M | 2.98M | 453.52K | 515.37K |
| Total Debt | 684.31K | 500.00K | 0.00 | 1.49M | 1.50M |
| Total Liabilities | 1.12M | 1.02M | 418.88K | 2.08M | 2.15M |
| Stockholders Equity | 210.32M | 5.29M | 4.12M | -2.59K | -331.30K |
Cash Flow | |||||
| Free Cash Flow | -1.51M | -3.13M | -809.66K | -34.21K | 445.27K |
| Operating Cash Flow | -1.44M | -2.86M | -766.88K | -29.93K | 452.65K |
| Investing Cash Flow | -68.82K | -273.26K | -392.96K | -4.29K | -7.38K |
| Financing Cash Flow | 10.62M | 1.50M | 3.69M | -27.65K | 0.00 |
Tron Risk Analysis
Tron disclosed 28 risk factors in its most recent earnings report. Tron reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Tron Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $244.21M | 13.56 | 8.03% | 4.71% | -4.56% | -2.85% | |
63 Neutral | $5.73B | 25.34 | 23.39% | 1.15% | 4.20% | 24.12% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | $249.72M | -8.87 | 4.05% | 5.97% | -16.49% | -81.62% | |
49 Neutral | ― | ― | -11.87% | ― | ― | ― | |
| ― | $39.37M | -6.48 | -4.97% | ― | 61.04% | 99.61% | |
43 Neutral | $6.20M | >-0.01 | -566.85% | ― | 178.32% | 70.79% |
* Consumer Cyclical Sector Average
TRON
Tron
2.49
2.19
730.00%
ESCA
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17.83
3.33
22.98%
GOLF
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97.79
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60.28%
JAKK
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21.82
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24.08%
YYAI
Connexa Sports Technologies
0.94
-35.09
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NWTG
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1.35
-0.50
-27.03%
Tron Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Tron Preferred Conversion Concentrates Control with Bravemorning Investor
Negative
Apr 8, 2026
On June 16, 2025, Tron Inc. issued 100,000 shares of Series B Convertible Preferred Stock in a private placement to Bravemorning Limited, an institutional investor controlled by board chairman Weike Sun, with each preferred share convertible into ...
Business Operations and Strategy
Tron Expands TRX Treasury, Advancing Token Accumulation Strategy
Positive
Feb 12, 2026
On February 12, 2026, Tron Inc. announced that it had expanded its TRON (TRX) token treasury to more than 681.2 million TRX, reinforcing its claim to hold the largest TRX treasury of any publicly traded company. The company disclosed that it acqui...
Business Operations and StrategyRegulatory Filings and Compliance
Tron Expands TRX Treasury Holdings to Support Strategy
Positive
Jan 23, 2026
On January 22, 2026, Tron Inc. acquired 165,824 TRX tokens at an average price of $0.30, bringing its total TRX treasury holdings to more than 677 million tokens, in a move framed as part of its strategy to grow its Tron DAT holdings and support l...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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