TON Strategy (TONX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

TON Strategy

NasdaqCM•Technology•Software - Application

$2.98-0.08(-0.02%)Market open

Market Cap

$197.33M

P/S

6.7x

P/B

0.5x

TON Strategy Company, through its subsidiaries, operates as an interactive video-based social commerce company. The company operates in three segments: TON, MARKET.live, and Go Fund Yourself. The company offers digital asset treasury and Web3 ecosystem. It also provides MARKET.live, a livestream social shopping platform that allows brands, retailers, and creators to broadcast shopping events on various social media channels. In addition, the company offers GO FUND YOURSELF, an interactive social crowd funding platform and TV show for public and private companies on various social media channels. The company was formerly known as Verb Technology Company, Inc. and changed its name to TON Strategy Company in September 2025. TON Strategy Company is headquartered in Las Vegas, Nevada.

How this company scores

AverageMetricSide Score: 42/100

Strongest: Growth (16/25); weakest: Cash & Earnings Quality (2/25).

Profitability9/25

Growth16/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality2/25

Strengths

Growing revenueInterest easily coveredConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 3.4x5y range 3.4x – 3.4x

P/S · 6.7x5y range 2.2x – 93707.9x

Currently below its 17-quarter median.

P/B · 0.5x5y range 0.1x – 64490.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $197.33M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $29.62M
Q. Revenue: $15.02M
TTM EBITDA: $-33.57M
TTM Op. Income: $-34.26M
Q. Op. Income: $479,000
TTM Net Income: $-157.83M
Q. Net Income: $76.75M
EPS: $1.32
Shares Out.: $58.21M

$29.62M in TTM revenue grew 592.3% YoY, reaching $15.02M last quarter. TTM EBITDA of $-33.57M and TTM operating income of $-34.26M show growth is flowing through to the bottom line. However, net income is negative at $157.83M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 94.9%
EBITDA Margin: 3.1%
Op. Margin: 3.2%
Net Margin: 511.0%

Op. margin of 3.2% is up 141.4% YoY — cost efficiency is improving. Net margin at 511.0% and gross margin of 94.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 6.7x
P/B Ratio: 0.5x

P/S of 6.7x and P/B of 0.5x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $403.55M
Cash: $28.80M
Long-Term Debt: N/A
Book Value: $398.78M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-5.95M
TTM Free Cash Flow: $-28.07M
FCF Margin: -94.8%
FCF / Net Income: 0.2

TTM FCF of $-28.07M on $-5.95M in operating cash flow. The FCF / Net Income ratio of 0.2x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.