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TON Strategy Company (TONX) investor relations material
TON Strategy Company Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Transitioned to a digital asset treasury and Web3 ecosystem model, focusing on Toncoin and The Open Network (TON) blockchain, with staking as a core yield strategy beginning August 2025.
Launched TON Treasury Strategy in August 2025, acquiring and staking Toncoin to generate on-chain rewards and support The Open Network ecosystem.
Completed a $558M PIPE/private placement financing, using proceeds to acquire and stake Toncoin, and launched the TON Treasury Strategy.
Rebranded and began trading on Nasdaq under ticker TONX; approved a $250 million stock buyback and repurchased shares below book value.
Acquired LyveCom, enhancing AI-driven social commerce capabilities for the MARKET.live segment.
Financial highlights
Net income attributable to common stockholders for Q3 2025 was $84.7M, compared to a net loss of $2.0M in Q3 2024.
Revenue for Q3 2025 was $3.6M, up from $128K in Q3 2024; nine-month revenue reached $7.0M, up from $172K year-over-year.
Gross profit was $2.7M (75.4% margin), compared to $74K (57.8%) in Q3 2024.
Net gain on crypto assets of $120.4M in Q3 2025, reflecting gains from Toncoin purchases and revaluation.
Digital assets held at quarter-end valued at $588.2M; cash and restricted cash totaled $53.9M.
Outlook and guidance
Management prioritizes long-term accumulation and staking of Toncoin, aiming to maximize treasury asset value per share.
Plans to continue expanding Toncoin holdings, stake additional assets, and support The Open Network's development.
Focus on disciplined capital allocation, infrastructure buildout, and key hires to support growth and compliance.
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