# TON Strategy Co (TONX)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/ton-strategy-co/ JSON: https://steadybase.io/company/ton-strategy-co.json Checked Nov 10, 2026. Latest filing read: Aug 11, 2026.

## Company

- Legal name: TON Strategy Co
- Ticker: TONX (Nasdaq)
- SEC CIK: 0001566610
- Industry: Finance Services (SIC 6199)
- Headquarters: Las Vegas, NV
- Fiscal year ends: December 31
- SEC filer category: Non-accelerated filer<br>Smaller reporting company
- Website: tonstrat.com
- LinkedIn: https://www.linkedin.com/company/blockchain
- Next earnings date: Nov 10, 2026

## Key facts

- Revenue: $12.8M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/0001493152-26-013931-index.html
- Operating income: -$36.4M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/0001493152-26-013931-index.html
- Net income: -$148.5M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/0001493152-26-013931-index.html
- SG&A: $40.9M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/0001493152-26-013931-index.html
- Employees: 27 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/form10-k.htm
- Shares outstanding: 55,071,989 as of Aug 4, 2026 (10-Q filed Aug 11, 2026). Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226037002/0001493152-26-037002-index.html
- Auditor: Grassi & Co., Cpas, P.C., Jericho, New York, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/form10-k.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $12.8M | -$36.4M | -$148.5M | $40.9M |
| Dec 31, 2024 | $895,000 | -$11.6M | -$10.3M | $11.2M |
| Dec 31, 2023 | $63,000 | -$13.8M | -$22.0M | $11.5M |
| Dec 31, 2022 | $8,000 | -$18.9M | -$37.4M | $17.8M |
| Dec 31, 2021 | $10.5M | -$33.7M | -$34.5M | $25.7M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/ton-strategy-co.json

## Officers and directors

- Kevin Mark Wilson, Chief Executive Officer. Source: Form 4 filed Aug 14, 2026, https://www.sec.gov/Archives/edgar/data/1566610/000149315226038473/0001493152-26-038473-index.htm
- Sarah Josephine Olsen, CFO & COO. Source: Form 4 filed Aug 17, 2026, https://www.sec.gov/Archives/edgar/data/1566610/000149315226038777/0001493152-26-038777-index.htm
- Sarah Olsen, Chief Financial Officer. Source: 10-K filed Mar 31, 2026, https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/form10-k.htm
- Bill John Rivard, Chief Accounting Officer. Source: Form 4 filed Sep 8, 2026, https://www.sec.gov/Archives/edgar/data/1566610/000149315226041763/0001493152-26-041763-index.htm
- Mary Marbach, General Counsel/Corp Secretary. Source: Form 4 filed Jul 22, 2026, https://www.sec.gov/Archives/edgar/data/1566610/000149315226034238/0001493152-26-034238-index.htm
- Denise Butler, interim President of the Global Digital Media Division. Source: 10-K filed Mar 31, 2026, https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/form10-k.htm
- Evan Sohn, Director. Source: 10-K filed Mar 31, 2026, https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/form10-k.htm
- Nicolas Cary, Director. Source: 10-K filed Mar 31, 2026, https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/form10-k.htm
- Tucker Highfield, Director. Source: 10-K filed Mar 31, 2026, https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/form10-k.htm

## Recent 8-K events

- Sep 16, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226042920/form8-k.htm
- Aug 17, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226038746/form8-k.htm
- Aug 11, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226036987/form8-k.htm
- Aug 10, 2026: Item 1.02, Termination of a material definitive agreement; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226036859/form8-k.htm
- Jul 1, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226031538/form8-k.htm
- Jun 23, 2026: Item 3.01, Notice of delisting or failure to meet listing standards. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226029781/form8-k.htm
- Jun 12, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 5.07, Submission of matters to a vote of security holders; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226028384/form8-k.htm
- May 12, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226022417/form8-k.htm
- Apr 16, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226017087/form8-k.htm
- Mar 31, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226013849/form8-k.htm

## Insider trades (Form 4)

- Nov 3, 2026: Mary Marbach (General Counsel/Corp Secretary) sold 28,015 shares, about $80,403. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226049988/0001493152-26-049988-index.htm
- Nov 3, 2026: Sarah Josephine Olsen (CFO & COO) sold 25,420 shares, about $72,955. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226049986/0001493152-26-049986-index.htm
- Sep 4, 2026: Bill John Rivard (Chief Accounting Officer) sold 12,500 shares, about $41,250. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226041763/0001493152-26-041763-index.htm
- Aug 14, 2026: Sarah Josephine Olsen (CFO & COO) sold 217,450 shares, about $597,988. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226038777/0001493152-26-038777-index.htm
- Aug 14, 2026: Kevin Mark Wilson (Chief Executive Officer) bought 7,300 shares, about $19,841. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226038473/0001493152-26-038473-index.htm
- May 15, 2026: Mary Marbach (General Counsel/Corp Secretary) bought 1,600 shares, about $5,632. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226023638/0001493152-26-023638-index.htm
- May 14, 2026: Evan Sohn (Director) bought 2,770 shares, about $9,944. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226023418/0001493152-26-023418-index.htm
- May 14, 2026: Kevin Mark Wilson (Chief Executive Officer) bought 8,020 shares, about $29,353. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226023113/0001493152-26-023113-index.htm
- May 14, 2026: Sarah Josephine Olsen (CFO & COO) bought 7,440 shares, about $26,933. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315226022929/0001493152-26-022929-index.htm
- Dec 16, 2025: Rory J. Cutaia (Director) sold 88,626 shares, about $227,637. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315225028039/0001493152-25-028039-index.htm
- Dec 12, 2025: Rory J. Cutaia (Director) sold 151,449 shares, about $462,047. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315225027618/0001493152-25-027618-index.htm
- Dec 5, 2025: Rory J. Cutaia (Director) sold 78,600 shares, about $4.9M. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315225026480/0001493152-25-026480-index.htm
- Dec 2, 2025: Rory J. Cutaia (Director) sold 177,749 shares, about $561,702. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315225025835/0001493152-25-025835-index.htm
- Nov 26, 2025: Rory J. Cutaia (Director) sold 390,940 shares, about $1.2M. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315225025238/0001493152-25-025238-index.htm
- Sep 29, 2025: Manuel Stotz (Director) bought 70,000 shares, about $497,700. Source: https://www.sec.gov/Archives/edgar/data/1566610/000149315225015995/0001493152-25-015995-index.htm

## Latest filings

- 8-K filed Sep 16, 2026: https://www.sec.gov/Archives/edgar/data/1566610/000149315226042920/form8-k.htm
- 10-K filed Mar 31, 2026: https://www.sec.gov/Archives/edgar/data/1566610/000149315226013931/form10-k.htm
- 10-Q filed Aug 11, 2026: https://www.sec.gov/Archives/edgar/data/1566610/000149315226037002/form10-q.htm
- DEF 14A filed Apr 30, 2026: https://www.sec.gov/Archives/edgar/data/1566610/000149315226020423/formdef14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/