TON Strategy Co
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
TONX$3.22+9.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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ITEM 1. - FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1 – FINANCIAL STATEMENTS
| Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2025 and 2024 (unaudited) | 5 |
|---|---|
| Consolidated Balance Sheets as of September 30, 2025 (unaudited) and December 31, 2024 | 6 |
| Condensed Consolidated Statements of Stockholders’ Equity for the nine months ended September 30, 2025 and 2024 (unaudited) | 7 |
| Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024 (unaudited) | 8 |
| Notes to Condensed Consolidated Financial Statements (unaudited) | 9-30 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | ||||
| MARKET.live | $1,535 | $103 | $2,785 | $147 |
| Go Fund Yourself | 1,367 | 25 | 3,545 | 25 |
| TON | 707 | - | 707 | - |
| Total Revenue | 3,609 | 128 | 7,037 | 172 |
| Costs and expenses | ||||
| Cost of revenue, exclusive of depreciation and amortization shown separately below | 888 | 54 | 1,846 | 90 |
| Depreciation and amortization | 341 | 273 | 963 | 798 |
| General and administrative (Including noncash compensation of $15,049 and $220, respectively and $17,552 and $958, respectively) | 24,088 | 2,113 | 31,529 | 7,218 |
| Total costs and expenses | 25,317 | 2,440 | 34,338 | 8,106 |
| Operating loss | (21,708) | (2,312) | (27,301) | (7,934) |
| Other income (expense) | ||||
| Interest income | 289 | 193 | 500 | 361 |
| Unrealized gain on short-term investments | - | 109 | - | 109 |
| Interest expense | - | (1) | (1) | (236) |
| Financing costs | - | - | - | (90) |
| Other income, net | 184 | 46 | 524 | 649 |
| Net gain on crypto assets | 120,358 | - | 120,358 | - |
| Total other income (expense), net | 120,831 | 347 | 121,381 | 793 |
| Net income (loss) before income taxes | 99,123 | (1,965) | 94,080 | (7,141) |
| Income tax expense | 14,404 | - | 14,151 | - |
| Net income (loss) | 84,719 | (1,965) | 79,929 | (7,141) |
| Less: Net income attributable to non- controlling interests | 383 | - | 533 | - |
| Net income (loss) attributable to Ton Strategy Company | 84,336 | (1,965) | 79,396 | (7,141) |
| Preferred Stock dividend payable | (67) | (99) | (152) | (240) |
| Deemed dividend due to redemption of Preferred Stock | (1,000) | (652) | (1,000) | (652) |
| Net income (loss) to common stockholders | $83,269 | $(2,716) | $78,244 | $(8,033) |
| Net income (loss) per share - basic | $2.23 | $(3.82) | $5.86 | $(17.16) |
| Net income (loss) per share - diluted | $2.23 | $(3.82) | $5.85 | $(17.16) |
| Weighted average number of common shares outstanding - basic | 37,262,322 | 710,106 | 13,352,515 | 468,252 |
| Weighted average number of common shares outstanding - diluted | 37,316,756 | 710,106 | 13,370,859 | 468,252 |
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