TON Strategy Co.
- TONX ยท Nasdaq
- Finance Services
- Las Vegas, NV
- 27 employees
- CIK 0001566610
Updated from SEC filings through
Top things to know
Executives
- Kevin Mark Wilson Chief Executive Officer 4, 2026-08-14
- Sarah Josephine Olsen CFO & COO 4, 2026-08-17
- Sarah Olsen Chief Financial Officer 10-K, 2026-03-31
- Bill John Rivard Chief Accounting Officer 4, 2026-09-08
- Denise Butler interim President of the Global Digital Media Division 10-K, 2026-03-31
- Mary Marbach General Counsel/Corp Secretary 4, 2026-07-22
TON Strategy Co is a U.S. public company in finance services (SIC 6199), headquartered in Las Vegas, NV. It trades as TONX on Nasdaq. Revenue was $12.8M in the fiscal year ending December 31, 2025, +1327.8% from the year before. It reported about 27 employees. Kevin Mark Wilson is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $12.8M 10-K, 2026-03-31 | $895K 10-K, 2026-03-31 | $63K 10-K, 2025-03-25 | $8K 10-K, 2024-04-01 | $10.5M 10-K, 2023-04-17 |
| Operating income | -$36.4M 10-K, 2026-03-31 | -$11.6M 10-K, 2026-03-31 | -$13.8M 10-K, 2025-03-25 | -$18.9M 10-K, 2024-04-01 | -$33.7M 10-K, 2023-04-17 |
| SG&A | $40.9M 10-K, 2026-03-31 | $11.2M 10-K, 2026-03-31 | $11.5M 10-K, 2025-03-25 | $17.8M 10-K, 2024-04-01 | $25.7M 10-K, 2023-04-17 |
| Net income | -$148M 10-K, 2026-03-31 | -$10.3M 10-K, 2026-03-31 | -$22.0M 10-K, 2025-03-25 | -$37.4M 10-K, 2024-04-01 | -$34.5M 10-K, 2023-04-17 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Kevin Mark Wilson | Chief Executive Officer | 4, 2026-08-14 |
| Sarah Josephine Olsen | CFO & COO | 4, 2026-08-17 |
| Sarah Olsen | Chief Financial Officer | 10-K, 2026-03-31 |
| Bill John Rivard | Chief Accounting Officer | 4, 2026-09-08 |
| Denise Butler | interim President of the Global Digital Media Division | 10-K, 2026-03-31 |
| Mary Marbach | General Counsel/Corp Secretary | 4, 2026-07-22 |
| Evan Sohn | Director | 10-K, 2026-03-31 |
| Nicolas Cary | Director | 10-K, 2026-03-31 |
| Tucker Highfield | Director | 10-K, 2026-03-31 |
Shares and governance
| Shares outstanding | 55.1 million (as of August 4, 2026) | 10-Q, August 11, 2026 |
|---|---|---|
| Public float | $6.8M (as of June 30, 2025) | 10-K, March 31, 2026 |
| Reportable segments | 1 (period ending June 30, 2026) | 10-Q, August 11, 2026 |
| Latest proxy statement | Meeting April 30, 2026 (filed April 30, 2026) | DEF 14A, April 30, 2026 |
| Auditor | GRASSI & CO., CPAs, P.C. (Jericho, New York) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| November 3, 2026 | Mary Marbach General Counsel/Corp Secretary | Sale | 28,015 | $80K | Form 4, November 4, 2026 |
| November 3, 2026 | Sarah Josephine Olsen CFO & COO | Sale | 25,420 | $73K | Form 4, November 4, 2026 |
| September 4, 2026 | Bill John Rivard Chief Accounting Officer | Sale | 12,500 | $41K | Form 4, September 8, 2026 |
| August 14, 2026 | Sarah Josephine Olsen CFO & COO | Sale | 217,450 | $598K | Form 4, August 17, 2026 |
| August 14, 2026 | Kevin Mark Wilson Chief Executive Officer | Buy | 7,300 | $20K | Form 4, August 14, 2026 |
| May 15, 2026 | Mary Marbach General Counsel/Corp Secretary | Buy | 1,600 | $6K | Form 4, May 15, 2026 |
| May 14, 2026 | Evan Sohn Director | Buy | 2,770 | $10K | Form 4, May 15, 2026 |
| May 14, 2026 | Kevin Mark Wilson Chief Executive Officer | Buy | 8,020 | $29K | Form 4, May 14, 2026 |
Recent 8-K events
- 8-K filed 2026-09-16
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-08-17
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-08-11
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-10
- Item 1.02 Termination of a material definitive agreement
- 8-K filed 2026-07-01
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-23
- Item 3.01 Notice of delisting or failure to meet listing standards
- 8-K filed 2026-06-12
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-12
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-04-16
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-03-31
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about TON Strategy Co
- What does TON Strategy Co do?
- TON Strategy Co is classified by the SEC as Finance Services (SIC 6199). It is based in Las Vegas, NV.
- What is TON Strategy Co's revenue?
- $12.8M for the fiscal year ending December 31, 2025, from its 10-K filed March 31, 2026.
- Is TON Strategy Co profitable?
- TON Strategy Co reported net income of -$148M for the fiscal year ending December 31, 2025.
- How many employees does TON Strategy Co have?
- About 27 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of TON Strategy Co?
- Kevin Mark Wilson, Chief Executive Officer, as named in a 4 filed August 14, 2026.
- Who is the CFO of TON Strategy Co?
- Sarah Josephine Olsen, CFO & COO, as named in a 4 filed August 17, 2026.
- Where is TON Strategy Co headquartered?
- Las Vegas, NV.
- What is TON Strategy Co's stock ticker?
- TONX on Nasdaq.
- What industry is TON Strategy Co in?
- Finance Services, SIC code 6199.
- What is TON Strategy Co's website?
- tonstrat.com.
- When does TON Strategy Co report earnings next?
- November 10, 2026 at 09:00. Source: ir_events.
- Is TON Strategy Co a public company?
- Yes. TON Strategy Co files with the SEC under CIK 0001566610 and trades as TONX.
- Who audits TON Strategy Co?
- GRASSI & CO., CPAs, P.C., Jericho, New York, as named in its latest annual report (10-K).
- How many shares of TON Strategy Co are outstanding?
- 55.1 million shares as of August 4, 2026, from its 10-Q filed August 11, 2026.
- What is TON Strategy Co's public float?
- $6.8M as of June 30, 2025, as reported on the cover of its 10-K filed March 31, 2026.
- How many business segments does TON Strategy Co report?
- 1 reportable segment for the period ending June 30, 2026, from its 10-Q filed August 11, 2026.
- When is TON Strategy Co's annual shareholder meeting?
- April 30, 2026, per its proxy statement (DEF 14A) filed April 30, 2026.
- Have TON Strategy Co insiders traded stock recently?
- Since September 29, 2025, officers and directors reported 9 open-market sales worth about $8.2M and 6 purchases worth about $589K on Forms 4 and 5. The most recent: Mary Marbach (General Counsel/Corp Secretary) sold 28,015 shares on November 3, 2026.