Tron Inc. (TRON)
NASDAQ:TRON
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Tron
(NASDAQ:TRON)
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Rating:47Neutral
Price Target:
$2.00
▲(6.38% Upside)
Action:Reiterated
Date:05/11/26
The score is held down primarily by weak underlying operating profitability and negative cash generation despite strong revenue growth and a low-leverage balance sheet. Technicals are neutral-to-slightly constructive, but valuation signals are not usable from the provided P/E and there is no dividend support. Corporate events add both upside (TRX treasury-driven earnings) and material governance/dilution risk.
Positive Factors
Low leverage / strong equity base
Tron's balance sheet shows essentially no debt and roughly $250M of shareholders' equity, giving it financial flexibility to fund operations, pursue strategic initiatives, and absorb volatility. This low-leverage position materially reduces solvency risk and supports multi-month operational runway while it reforms operating performance.
Negative Factors
Deep operating losses
Despite revenue growth, Tron's core operations are deeply unprofitable, with TTM operating and EBITDA margins near -40% to -46%. Persistent operating losses mean the business model does not yet cover recurring costs; absent durable margin improvement, the company will remain dependent on non-operating gains or external funding to sustain operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong equity base
Tron's balance sheet shows essentially no debt and roughly $250M of shareholders' equity, giving it financial flexibility to fund operations, pursue strategic initiatives, and absorb volatility. This low-leverage position materially reduces solvency risk and supports multi-month operational runway while it reforms operating performance.
Read all positive factors
Tron (TRON) vs. SPDR S&P 500 ETF (SPY)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)887.92K
Price to Earnings (P/E)7.2
Beta (1Y)-0.48
Revenue Growth10.03%
EPS GrowthN/A
CountryUS
Employees5
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)0.15
Shares Outstanding474,382,050
10 Day Avg. Volume844,745
30 Day Avg. Volume887,920
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/Revenue11.58
Enterprise Value/Gross Profit44.80
Enterprise Value/Ebitda-3.40
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
38
Negative
Balance Sheet
62
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.84M | 4.74M | 4.31M | 5.76M | 6.08M | 2.67M |
| Gross Profit | 1.25M | 1.20M | 855.23K | 1.32M | 1.23M | 555.43K |
| EBITDA | -16.46M | -2.18M | -4.19M | -1.99M | 361.09K | 0.00 |
| Net Income | 5.46M | -16.81M | -4.34M | -2.05M | 328.70K | -29.06K |
Balance Sheet | ||||||
| Total Assets | 252.70M | 211.43M | 6.31M | 4.54M | 2.08M | 1.82M |
| Cash, Cash Equivalents and Short-Term Investments | 9.92M | 10.46M | 1.35M | 2.98M | 453.52K | 515.37K |
| Total Debt | 631.22K | 684.31K | 500.00K | 0.00 | 1.49M | 1.50M |
| Total Liabilities | 2.76M | 1.12M | 1.02M | 418.88K | 2.08M | 2.15M |
| Stockholders Equity | 249.94M | 210.32M | 5.29M | 4.12M | -2.59K | -331.30K |
Cash Flow | ||||||
| Free Cash Flow | -1.84M | -1.51M | -3.13M | -809.66K | -34.21K | 445.27K |
| Operating Cash Flow | -1.78M | -1.44M | -2.86M | -766.88K | -29.93K | 452.65K |
| Investing Cash Flow | -68.82K | -68.82K | -273.26K | -392.96K | -4.29K | -7.38K |
| Financing Cash Flow | 10.87M | 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $255.95M | 13.49 | 8.97% | 4.71% | -3.69% | 12.42% | |
62 Neutral | $250.17M | -11.85 | 3.24% | 5.97% | -21.02% | -82.84% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $5.22B | 17.18 | 20.87% | 1.15% | 6.34% | -21.30% | |
47 Neutral | ― | 7.21 | 2.69% | ― | 10.03% | ― | |
| ― | $11.43M | -6.48 | -0.56% | ― | 204.16% | ― | |
42 Neutral | $4.36M | >-0.01 | -566.85% | ― | 83.79% | 96.51% |
* Consumer Cyclical Sector Average
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Tron Corporate Events
Business Operations and StrategyFinancial Disclosures
Tron Reports Strong Q1 Results Driven by TRX Treasury
Positive
May 11, 2026
On May 11, 2026, Tron Inc. reported its results for the quarter ended March 31, 2026, highlighting a balance sheet heavily concentrated in TRON (TRX) tokens and supported by its legacy merchandise operations. The company said total assets rose to ...
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 ...
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.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.