TON Strategy reports FY 2025 net loss of $148.6M; holds 219.7M TON worth $356.8M

TON Strategy Co

2026-Q1 EPS reported -$1.56 vs consensus -$1.45 ▼ miss (-7.7%)

Revenue $12.8M (vs $0.9M in 2024); gross profit $7.6M (vs $0.7M); staking contributed ~$4.0M.
Operating loss $(36.4)M; net loss $(148.6)M includes $(114.2)M net loss on crypto assets.
Held 219.7M units of $TON at fair value $356.8M; earned ~2.19M units of $TON in staking in 2025.
Cash and restricted cash $39.7M at Dec 31, 2025; launched analytics dashboard for treasury metrics.
CEO search ongoing; Veronika Kapustina continues as CEO during transition.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TON Strategy Co reported the full year ended December 31, 2025 results: revenue $12.8 million, net income $(148.6) million.

Period: the full year ended December 31, 2025
Revenue: $12.8 million
Net income: $(148.6) million
Result: reported results

Exact text from the filing

Total revenue was $12.8 million, compared to $0.9 million in 2024, and included approximately $4.0 million from staking activities.

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1349 earnings releases filed in the last 30 days. Browse all earnings releases →

TON Strategy Co filing history →

Source: SEC EDGAR

accession 0001493152-26-013849

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