TONX TON Strategy Company - Common Stock
NASDAQ · Technology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 11, 2026
$3.57
· of 52w range
· above low
· to high
$1.7552w low
$7.1452w high
Market Cap (MRQ)
$202M
P/E (TTM)
-1.9
EPS (TTM)
$-1.91
Revenue (TTM)
$30M
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52W Range
$2–$7
Analyst Rating
BUY
Price Target
·
P/E
-1.9
ROE
-75.5%
Net Profit Margin
-532.8%
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TONX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$3.57
Market Cap (MRQ)
$202M
P/E (TTM)
-1.9
EPS (TTM)
$-1.91
Revenue (TTM)
$30M
ROE (TTM)
-75.5%
52W Range
$2–$7
TONX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Oct. 9, 2024 | 1-for-200 | Reverse |
| April 19, 2023 | 1-for-40 | Reverse |
| Feb. 4, 2019 | 1-for-15 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$13M2017-12-31 → 2025-12-31
EPS$-5.962022-12-31 → 2025-12-31
Free Cash Flow$-21M2016-12-31 → 2025-12-31
Net margin-532.8%2017-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | TONX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -1.95Y avg ≈-49.3 | ≈-49.3 | · | · | |
| P/S (TTM) | 6.85Y avg ≈4788449.8 | ≈4788449.8 | 3.1 | Overvalued | |
| P/B (MRQ) | 0.55Y avg ≈7469.4 | ≈7469.4 | 15.0 | Undervalued | |
| Price / FCF (TTM) | -7.25Y avg ≈-1992.7 | ≈-1992.7 | · | · | |
| Price / Cash Flow (TTM) | -7.25Y avg ≈-1995.2 | ≈-1995.2 | · | · | |
| Price / Tangible Book (MRQ) | 0.55Y avg ≈81.2 | ≈81.2 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | TONX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -115.6%5Y avg ≈-5973.5% | ≈-5973.5% | -3.2% | Top tier | |
| EBITDA Margin | -275.0%5Y avg ≈-5009.2% | ≈-5009.2% | -3.2% | Top tier | |
| Pretax Margin | -1163.0% | · | -5.3% | Top tier | |
| Net Profit Margin (TTM) | -532.8%5Y avg ≈-9406.0% | ≈-9406.0% | -7.9% | Top tier | |
| ROA (TTM) | -73.9%5Y avg ≈-96.5% | ≈-96.5% | -7.0% | Weak | |
| ROE (TTM) | -75.5%5Y avg ≈-586.9% | ≈-586.9% | -16.2% | Weak | |
| ROIC | -8.9% | · | -8.9% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | TONX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 6.45Y avg ≈3.5 | ≈3.5 | 2.6 | Strong liquidity | |
| Quick Ratio | 8.65Y avg ≈3.1 | ≈3.1 | 1.4 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | TONX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 1327.8%5Y avg ≈648.3% | ≈648.3% | · | · | |
| Revenue CAGR 3Y | 1069.0%5Y avg ≈310.5% | ≈310.5% | · | · | |
| Revenue CAGR 5Y | 5.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | TONX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.1 | ≈0.1 | 0.7 | Weak | |
| Revenue / Employee | ≈$511.2K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
48.9%
Next Report
Nov 10, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 17, 2026 | $0.01 | $-1.36 | 100.7% |
| March 31, 2026 | May 19, 2026 | $-0.05 | $-1.45 | 96.5% |
| Sept. 30, 2025 | $-0.97 | $-1.94 | 49.9% | |
| June 30, 2025 | $-1.79 | $-2.08 | 14.0% | |
| March 31, 2025 | $-2.51 | $-3.05 | 17.7% | |
| Dec. 31, 2024 | $-2.20 | $-2.57 | 14.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13M | $895.0K | $63.0K | $8.0K | $11M | $10M | $9M | $32.0K | $6.0K | |
| Cost of Revenue | $4M | $224.0K | $19.0K | $3M | $5M | $5M | $5M | $52.0K | $8.0K | |
| Gross Profit | · | · | · | $6M | $6M | $5M | $4M | $-20.0K | · | |
| R&D Expense | · | · | · | $5M | $12M | $8M | $4M | $980.0K | $375.0K | |
| SG&A Expense | $41M | $11M | $12M | $18M | $26M | $1M | $15M | $7M | $4M | |
| Operating Expenses | $49M | $13M | $14M | $19M | $40M | $30M | $20M | $8M | $-5M | |
| Operating Income | $-36M | $-12M | $-14M | $-19M | $-34M | $-25M | $-16M | $-8M | $-5M | |
| Interest Expense | · | · | $1M | $1M | $3M | $894.0K | $186.0K | $362.0K | $555.0K | |
| Other Non-op | $-113M | $813.0K | $1M | $3M | $91.0K | $102.0K | $-11.0K | $-5.0K | $28.0K | |
| Pretax Income | $-149M | $-11M | · | · | $-34M | $-25M | $-16M | · | · | |
| Income Tax | $-234.0K | · | · | · | $1.0K | $1.0K | $2.0K | $-1.0K | $2.0K | |
| Net Income | $-148M | $-10M | $-22M | $-37M | $-34M | $-25M | $-16M | $-12M | $-7M | |
| EPS (Basic) | $-5.96 | $-19.36 | $-441.48 | $-6.68 | $-0.55 | · | · | · | · | |
| EPS (Diluted) | $-5.96 | $-19.36 | $-441.48 | $-6.68 | · | · | · | · | · | |
| Shares (Basic) | 25,109,082 | 592,478 | 33,995 | 2,427,044 | 63,324,440 | · | · | · | · | |
| Shares (Diluted) | 25,109,082 | 592,478 | 33,995 | 2,427,044 | · | · | · | · | · | |
| EBITDA | $-35M | $-11M | $-11M | $-36M | · | $-23M | $-15M | $-8M | $-5M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $39M | $8M | $4M | $2M | $937.0K | $2M | $983.0K | $634.0K | $11.0K | |
| Short-term Investments | · | $5M | · | · | · | · | · | · | · | |
| Receivables | · | · | · | $1M | $1M | $919.0K | $1M | $1.0K | · | |
| Inventory | · | · | · | · | $28.0K | $34.0K | $103.0K | · | · | |
| Prepaid Expense | $2M | $252.0K | $331.0K | $306.0K | $875.0K | $900.0K | $236.0K | $83.0K | $41.0K | |
| Current Assets | $42M | $16M | $5M | $4M | $3M | $4M | $3M | $718.0K | $52.0K | |
| PP&E (Net) | $258.0K | $331.0K | $43.0K | $533.0K | $702.0K | $862.0K | $720.0K | $11.0K | $31.0K | |
| PP&E (Gross) | · | $459.0K | $117.0K | $1M | $1M | $1M | $884.0K | $108.0K | $108.0K | |
| Accum. Depreciation | · | $128.0K | $74.0K | $644.0K | $509.0K | $339.0K | $164.0K | $97.0K | $77.0K | |
| Goodwill | $5M | · | · | $10M | $20M | $20M | $16M | · | · | |
| Intangibles | $30.0K | $178.0K | $117.0K | $83.0K | $4M | $5M | $5M | · | · | |
| Other Non-current Assets | $6M | $326.0K | $259.0K | $293.0K | · | · | · | · | · | |
| Total Assets | $411M | $21M | $11M | $24M | $34M | $33M | $28M | $898.0K | $92.0K | |
| Accounts Payable | · | $731.0K | $1M | $4M | $4M | $3M | $4M | $1M | $665.0K | |
| Accrued Liabilities | $558.0K | $2M | $2M | $526.0K | $4M | · | · | · | · | |
| Short-term Debt | · | $20.0K | $2M | $6M | · | · | · | · | $125.0K | |
| Current Liabilities | $5M | $4M | $7M | $17M | $18M | $17M | $11M | $5M | $6M | |
| Capital Leases | $80.0K | $222.0K | $164.0K | $2M | $2M | $3M | $4M | · | · | |
| Total Liabilities | $5M | $5M | $8M | $19M | $21M | $22M | $17M | $6M | $6M | |
| Total Debt | · | $20.0K | $6M | $4M | · | $110.0K | · | · | $125.0K | |
| Common Stock | $6.0K | $1.0K | $1.0K | $1.0K | $7.0K | $5.0K | $2.0K | $1.0K | $1.0K | |
| Paid-in Capital | $743M | $203M | $176M | $159M | $129M | $89M | $68M | $36M | $23M | |
| Retained Earnings | $-337M | $-187M | $-176M | $-153M | $-116M | $-82M | $-57M | $-41M | $-29M | |
| Stockholders' Equity | $406M | $16M | $3M | $5M | $13M | $11M | $11M | $-5M | $-6M | |
| Liabilities + Equity | $411M | $21M | $11M | $24M | $34M | $33M | $28M | $898.0K | $92.0K | |
| Shares Outstanding | 56,530,617 | 993,120 | 106,157 | 2,918,017 | 72,942,948 | 47,795,009 | 24,496,197 | 12,055,491 | 7,941,234 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1M | $1M | $2M | $1M | $2M | $2M | $1M | $20.0K | $22.0K | |
| Stock-based Comp | $19M | $2M | $3M | $4M | $6M | $6M | · | · | $3M | |
| Deferred Tax | $-255.0K | · | · | · | · | · | · | · | · | |
| Amort. of Intangibles | $170.0K | $25.0K | · | $1M | $1M | $1M | $975.0K | · | · | |
| Other Non-cash | $108M | $-2M | $8M | $11M | · | $7M | $7M | $8M | $3M | |
| Operating Cash Flow | $-21M | $-9M | $-9M | $-14M | $-26M | $-16M | $-8M | $-4M | $-2M | |
| CapEx | $88.0K | $342.0K | $32.0K | $20.0K | $26.0K | $317.0K | $146.0K | · | · | |
| Investing Cash Flow | $-295M | $-5M | · | $-5M | $-2M | $-88.0K | $-15M | · | · | |
| Stock Issued | $7M | $19M | $9M | $24M | $22M | $17M | $19M | $3M | $796.0K | |
| Stock Repurchased | $21M | · | · | · | · | · | · | $20.0K | · | |
| Net Stock Activity | $-13M | $19M | $9M | $24M | · | $17M | $19M | $3M | $796.0K | |
| Financing Cash Flow | $346M | $18M | · | $26M | $27M | $17M | $23M | $5M | $2M | |
| Net Change in Cash | $31M | $4M | $2M | $1M | $-878.0K | $832.0K | $349.0K | $623.0K | $-6.0K | |
| Taxes Paid | $-3.0K | $-1.0K | $-2.0K | $-1.0K | $-1.0K | $-1.0K | $2.0K | $1.0K | $2.0K | |
| Free Cash Flow | $-21M | $-9M | $-9M | $-19M | · | $-17M | $-8M | · | · | |
| Levered FCF | · | · | · | · | · | $-17M | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | 64.9% | · | 51.8% | 46.5% | · | · | |
| Operating Margin | -285.2% | -1301.0% | -21896.8% | -411.2% | · | -248.2% | -174.0% | -24350.0% | -79418.9% | |
| Net Margin | -1161.9% | -1154.1% | -34911.1% | -396.8% | · | -250.4% | -174.9% | -37896.9% | -122870.4% | |
| Pretax Margin | -1163.0% | · | · | · | · | -250.4% | · | · | · | |
| EBITDA Margin | -275.0% | -1180.7% | -18196.8% | -384.4% | · | -233.1% | -162.5% | -24287.5% | -79055.2% | |
| ROA | -68.8% | -65.6% | -124.5% | -127.1% | · | -82.0% | -108.8% | -2449.9% | -7452.6% | |
| ROE | -70.2% | -106.9% | -1825.2% | -345.1% | · | -153.5% | -109.6% | 330.5% | 157.0% | |
| ROIC | -8.9% | · | · | · | · | -227.9% | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 9.2 | 3.8 | 0.7 | 0.2 | · | 0.2 | 0.2 | 0.1 | 0.0 | |
| Quick Ratio | 8.6 | 3.1 | 0.6 | 0.2 | · | 0.2 | 0.2 | 0.1 | 0.0 | |
| Debt / Equity | · | 0.0 | 1.9 | 0.7 | · | 0.0 | · | · | -0.0 | |
| Interest Coverage | · | · | -11.6 | -13.2 | · | -161.7 | -85.1 | -21.5 | -8.5 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.0 | 0.3 | · | 0.3 | 0.6 | 0.1 | 0.1 | |
| Inventory Turnover | · | · | · | · | · | 70.1 | 94.6 | · | · | |
| Receivables Turnover | · | · | · | 7.8 | · | 9.1 | 14.3 | 64.0 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $7.19 | $16.31 | $0.15 | $0.04 | · | $0.22 | $0.47 | $-0.42 | $-0.05 | |
| Revenue / Share | $0.51 | $1.51 | $0.01 | · | · | · | · | · | · | |
| Cash Flow / Share | $-0.83 | $-14.79 | $-1.29 | · | · | · | · | · | · | |
| Cash / Share | $0.70 | $8.55 | $0.20 | $0.02 | · | $0.04 | $0.04 | $0.05 | $0.00 | |
| EPS (TTM) | $-5.96 | $-19.36 | $-441.48 | $-6.68 | · | · | · | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 1327.8% | 1320.6% | 687.5% | -99.9% | 5.6% | · | · | · | · | |
| Revenue CAGR 3Y | 1069.0% | -56.0% | -81.5% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 5.1% | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $13M | $895.0K | $63.0K | $8.0K | $11M | $10M | $9M | $32.0K | $6.0K | |
| Net Income TTM | $-148M | $-10M | $-22M | $-37M | $-34M | $-25M | $-16M | $-12M | $-7M | |
| Market Cap | $112M | $6M | $730M | $153.14B | · | $630.89B | $303.75B | $458.59B | $1.40T | |
| Enterprise Value | · | $-7M | $732M | $153.14B | · | $630.89B | · | · | $1.40T | |
| P/E | -0.3 | -0.3 | -0.1 | -196.4 | · | · | · | · | · | |
| P/S | 8.8 | 7.3 | 11593.0 | 19142190.0 | · | 63311.0 | 33379.4 | 14330964.9 | 233472285.5 | |
| P/B | 0.3 | 0.4 | 233.7 | 29643.3 | · | 58715.1 | 26540.2 | -90720.3 | -241980.4 | |
| P / Tangible Book | 0.3 | 0.4 | 242.8 | · | · | · | · | · | · | |
| P / Cash Flow | -5.4 | -0.7 | -83.5 | -7891.2 | · | -38719.4 | -37417.2 | -110317.7 | -835452.3 | |
| P / FCF | -5.4 | -0.7 | -83.2 | -7881.5 | · | -37980.5 | -36756.2 | · | · | |
| EV / EBITDA | · | 0.7 | -63.8 | -4223.0 | · | -27162.0 | · | · | -299622.9 | |
| EV / FCF | · | 0.8 | -83.4 | -7881.6 | · | -37980.4 | · | · | · | |
| EV / Revenue | · | -7.7 | 11616.4 | 19142349.4 | · | 63310.8 | · | · | 233472304.6 | |
| Earnings Yield | -299.5% | -296.0% | -1283.4% | -0.51% | · | · | · | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15M | $5M | $6M | $4M | · | $1M | $723.0K | $128.0K | $37.0K | $7.0K | $29.0K | $29.0K | $3.0K | $2.0K | $-5M | $3.0K | |
| Cost of Revenue | $766.0K | $1M | $2M | $888.0K | · | $596.0K | $134.0K | $54.0K | $31.0K | $5.0K | $-686.0K | $5.0K | $1.0K | $699.0K | · | $1.0K | |
| Gross Profit | $14M | $4M | · | · | · | $709.0K | · | · | · | · | · | $24.0K | $2.0K | $2M | · | $2.0K | |
| R&D Expense | · | · | · | · | · | · | · | · | · | · | · | · | · | $648.0K | · | $1M | |
| SG&A Expense | $10M | $8M | $9M | $24M | $891.0K | $3M | $4M | $2M | $2M | $3M | $2M | $3M | $3M | $4M | $849.0K | $5M | |
| Operating Expenses | $14M | $8M | $15M | $25M | $1M | $3M | $4M | $2M | $2M | $3M | $3M | $3M | $3M | $4M | $-511.0K | $6M | |
| Operating Income | $479.0K | $-4M | $-9M | $-22M | $-1M | $-3M | $-4M | $-2M | $-2M | $-3M | $-3M | $-3M | $-3M | $-4M | $-1M | $-6M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $225.0K | · | $219.0K | $299.0K | $470.0K | $-3.0K | $289.0K | |
| Other Non-op | $83M | $-87M | $-114M | $184.0K | · | $17.0K | $164.0K | $46.0K | $606.0K | $-3.0K | $319.0K | $64.0K | $830.0K | $-51.0K | $3M | · | |
| Pretax Income | $84M | · | · | · | $-1M | · | · | · | · | · | · | · | · | · | · | · | |
| Income Tax | $2.0K | · | $-14M | $14M | $1.0K | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income | $77M | $-91M | $-228M | $84M | $-2M | $-3M | $-3M | $-2M | $-2M | $-3M | $-3M | $-4M | $-10M | $-6M | $-16M | $-8M | |
| EPS (Basic) | $1.32 | $-1.56 | $-3.89 | $2.23 | $-1.79 | $-2.51 | $10.41 | $-3.82 | $-3.35 | $-22.60 | $-308.55 | $-130.64 | $-0.94 | $-1.35 | $2.75 | $-3.14 | |
| EPS (Diluted) | $1.31 | $-1.56 | $-3.89 | $2.23 | $-1.79 | $-2.51 | $10.41 | $-3.82 | $-3.35 | $-22.60 | $-308.55 | $-130.64 | $-0.94 | $-1.35 | $2.62 | $-3.14 | |
| Shares (Basic) | 58,208,613 | 58,208,613 | · | 37,262,322 | 1,377,153 | 1,019,801 | · | 710,106 | 536,271 | 155,721 | · | 27,104 | 4,022,947 | 3,577,792 | · | 2,552,755 | |
| Shares (Diluted) | 58,674,690 | 58,208,613 | · | 37,316,756 | 1,377,153 | 1,019,801 | · | 710,106 | 536,271 | 155,721 | · | 27,104 | 4,022,947 | 3,577,792 | · | 2,552,755 | |
| EBITDA | $479.0K | $-4M | · | $-22M | $-3M | $-2M | · | $-2M | $-2M | $-3M | · | $-3M | $-3M | $-4M | · | $-8M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $29M | $35M | $39M | $54M | $5M | $7M | $8M | $11M | $17M | $14M | · | $918.0K | $4M | $4M | $2M | $921.0K | |
| Short-term Investments | $404.0K | · | · | · | $5M | $5M | $5M | $5M | · | · | · | · | · | · | · | · | |
| Receivables | · | · | · | · | · | · | · | · | · | · | · | · | · | $1M | · | $1M | |
| Prepaid Expense | · | $1M | $2M | $2M | $191.0K | $252.0K | · | $233.0K | $375.0K | $313.0K | $331.0K | $400.0K | $238.0K | $525.0K | $306.0K | $738.0K | |
| Other Current Assets | · | · | · | $442.0K | · | · | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $32M | $37M | $42M | $58M | $12M | $14M | $16M | $16M | $18M | $14M | $5M | $1M | $4M | $6M | $4M | $3M | |
| PP&E (Net) | · | · | $258.0K | $329.0K | $342.0K | $369.0K | $331.0K | $192.0K | $102.0K | $60.0K | $43.0K | $39.0K | $449.0K | $497.0K | $533.0K | $582.0K | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | · | · | $117.0K | · | · | · | $1M | · | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | · | · | $74.0K | · | · | · | $644.0K | · | |
| Goodwill | · | $5M | $5M | $5M | $5M | · | · | · | · | · | · | · | · | $10M | $10M | $20M | |
| Intangibles | $27.0K | $60.0K | $48.0K | $1M | $1M | $169.0K | $178.0K | $184.0K | $155.0K | $135.0K | $117.0K | $97.0K | $83.0K | $762.0K | $83.0K | $3M | |
| Other Non-current Assets | · | $7M | $6M | $7M | $266.0K | $266.0K | · | $259.0K | $259.0K | $259.0K | $259.0K | $259.0K | $294.0K | · | $293.0K | · | |
| Total Assets | $404M | $322M | $411M | $662M | $24M | $18M | $21M | $22M | $24M | $20M | $11M | $8M | $12M | $25M | $24M | $35M | |
| Accounts Payable | · | · | · | $4M | $425.0K | $618.0K | · | $956.0K | $1M | $1M | $1M | $3M | $3M | $5M | $4M | $4M | |
| Accrued Liabilities | $555.0K | $1M | $589.0K | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $2M | $2M | $1M | $2M | $526.0K | · | |
| Short-term Debt | · | · | · | · | · | · | $20.0K | $20.0K | $16.0K | $1M | $2M | · | $6M | · | · | $4M | |
| Current Liabilities | $5M | $5M | $5M | $8M | $4M | $4M | $4M | $4M | $4M | $6M | $7M | $8M | $13M | $17M | $17M | $16M | |
| Capital Leases | $46.0K | $63.0K | $80.0K | $104.0K | $144.0K | $183.0K | $222.0K | $102.0K | $123.0K | $144.0K | $164.0K | $184.0K | $1M | $1M | $2M | $2M | |
| Deferred Tax | · | · | · | $14M | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $5M | $5M | $5M | $22M | $4M | $4M | $5M | $4M | $4M | $6M | $8M | $9M | $14M | $18M | $19M | $18M | |
| Total Debt | · | · | · | · | · | · | · | $20.0K | $16.0K | $1M | · | · | $6M | · | · | $4M | |
| Common Stock | $6.0K | $6.0K | $6.0K | $6.0K | $1.0K | $1.0K | $1.0K | $1.0K | $13.0K | $8.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $10.0K | |
| Paid-in Capital | $750M | $744M | $743M | $748M | $206M | · | $203M | $201M | $199M | $190M | $176M | $172M | $167M | $166M | $159M | $154M | |
| Retained Earnings | $-351M | $-428M | $-337M | $-109M | $-192M | $-190M | $-187M | $-184M | $-181M | $-179M | $-176M | $-173M | $-169M | $-159M | $-153M | $-137M | |
| Stockholders' Equity | $399M | $317M | $406M | $639M | $19M | $15M | $16M | $18M | $20M | $14M | $3M | $-715.0K | $-2M | $7M | $5M | $17M | |
| Liabilities + Equity | $404M | $322M | $411M | $662M | $24M | $18M | $21M | $22M | $24M | $20M | $11M | $8M | $12M | $25M | $24M | $35M | |
| Shares Outstanding | 56,530,617 | 56,530,617 | 56,530,617 | 59,090,521 | 1,417,955 | 1,113,143 | 993,120 | 763,230 | 128,205,818 | 79,300,788 | 106,157 | 7,868,774 | 4,317,561 | 3,900,083 | 2,918,017 | 102,604,851 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3.0K | $19.0K | $342.0K | $341.0K | $336.0K | $286.0K | $279.0K | $273.0K | $269.0K | $256.0K | $601.0K | $564.0K | $511.0K | $583.0K | $584.0K | $-280.0K | |
| Stock-based Comp | $5M | $1M | $2M | $15M | $2M | $958.0K | $1M | $220.0K | $360.0K | $378.0K | $518.0K | $583.0K | $431.0K | $971.0K | $787.0K | $1M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | · | · | · | $71.0K | · | $352.0K | |
| Other Non-cash | · | $85M | · | · | · | $250.0K | · | · | · | $602.0K | · | · | · | $970.0K | · | · | |
| Operating Cash Flow | $-6M | $-5M | $-8M | $-9M | $-2M | $-1M | $-2M | $-2M | $-3M | $-2M | $-2M | $-2M | $-2M | $-3M | $-2M | $-221.0K | |
| CapEx | $-7.0K | $9.0K | $6.0K | $14.0K | $2.0K | $66.0K | $160.0K | $105.0K | $54.0K | $23.0K | $10.0K | $17.0K | $0 | $5.0K | $0 | $-4.0K | |
| Investing Cash Flow | · | $-21.0K | $-36.0K | $-290M | $-4M | $-152.0K | $-151.0K | $-5M | $-82.0K | $-41.0K | · | · | · | $-131.0K | · | $-191.0K | |
| Stock Issued | · | · | $0 | · | · | · | $0 | $0 | $6M | $12M | $3M | $50.0K | $0 | $7M | $4M | $0 | |
| Stock Repurchased | · | · | $6M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $12M | · | · | · | $7M | · | · | |
| Financing Cash Flow | · | · | $-6M | $348M | $5M | $-118.0K | $-5.0K | $80.0K | $6M | $12M | · | · | · | $4M | · | $538.0K | |
| Net Change in Cash | $-6M | $-5M | $-14M | $49M | $-2M | $-1M | $-2M | $-7M | $3M | $10M | $3M | $-3M | $-264.0K | $1M | $2M | $-5M | |
| Taxes Paid | · | · | $0 | $0 | $-2.0K | $-1.0K | $0 | $0 | · | · | $0 | $0 | $-1.0K | $-1.0K | $-2.0K | $2.0K | |
| Free Cash Flow | · | $-5M | · | · | · | $-1M | · | · | · | $-2M | · | · | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 94.9% | 75.3% | · | · | · | · | · | · | · | · | · | 82.8% | 0.12% | 68.4% | · | 66.3% | |
| Operating Margin | 3.2% | -74.0% | · | -601.5% | -138.2% | -203.8% | · | -1806.2% | -6500.0% | -45957.1% | · | -11689.7% | -204.0% | -207.2% | · | -351.0% | |
| Net Margin | 511.0% | -1733.1% | · | 2336.8% | -111.9% | -196.5% | · | -1535.2% | -4678.4% | -49214.3% | · | -12789.7% | -615.6% | -248.9% | · | -367.1% | |
| Pretax Margin | 556.2% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| EBITDA Margin | 3.2% | -73.6% | · | -601.5% | -138.2% | -181.8% | · | -1806.2% | -6500.0% | -42300.0% | · | -11689.7% | -204.0% | -177.6% | · | -351.0% | |
| ROA | 35.9% | -53.5% | · | 24.7% | -10.0% | -13.2% | · | -13.0% | -9.5% | -15.1% | · | -17.3% | -37.3% | -17.4% | · | -22.7% | |
| ROE | 36.7% | -55.0% | · | 25.7% | -12.1% | -17.9% | · | -22.7% | -19.1% | -32.6% | · | -46.9% | -90.8% | -48.0% | · | -51.9% | |
| ROIC | 0.12% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.4 | 7.4 | · | 7.5 | 3.3 | 3.9 | · | 4.1 | 4.5 | 2.4 | · | 0.2 | 0.3 | 0.3 | · | 0.2 | |
| Quick Ratio | 5.9 | 6.9 | · | 6.9 | 2.9 | 3.4 | · | 4.0 | 4.4 | 2.3 | · | 0.1 | 0.3 | 0.3 | · | 0.1 | |
| Debt / Equity | · | · | · | · | · | · | · | 0.0 | 0.0 | 0.1 | · | · | -3.5 | · | · | 0.3 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -14.3 | · | -15.5 | -10.9 | -5.5 | · | -14.0 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.0 | · | 0.0 | 0.1 | 0.1 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | · | · | 1.6 | · | 1.5 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $7.05 | $5.60 | · | $10.82 | $13.67 | $13.11 | · | $23.62 | $0.16 | $0.18 | · | $-0.09 | $-0.42 | $1.83 | · | $0.16 | |
| Revenue / Share | $0.26 | $0.09 | · | $0.10 | $1.54 | $1.28 | · | $0.18 | $0.00 | $0.00 | · | $0.01 | $0.40 | · | · | · | |
| Cash Flow / Share | · | $-0.08 | · | · | · | $-1.05 | · | · | · | $-0.07 | · | · | · | · | · | · | |
| Cash / Share | $0.51 | $0.62 | · | $0.91 | $3.69 | $6.43 | · | $13.78 | $0.13 | $0.18 | · | $0.12 | $0.82 | $0.97 | · | $0.01 | |
| EPS (TTM) | $-1.91 | $-5.01 | · | $8.34 | $2.29 | $0.73 | · | $-338.32 | $-465.14 | $-462.73 | · | $-130.31 | $-2.81 | $-4.50 | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $30M | · | · | · | $2M | $2M | · | $201.0K | $102.0K | $68.0K | · | $-5M | $-5M | $-3M | · | $8M | |
| Net Income TTM | $-158M | $-237M | · | $76M | $-10M | $-9M | · | $-10M | $-12M | $-20M | · | $-35M | $-39M | $-36M | · | $-27M | |
| Market Cap | $144M | $140M | · | $416M | $10M | $5M | · | $7M | $3.18B | $4.20B | · | $1.10B | $933M | $3.74B | · | $385.79B | |
| Enterprise Value | · | · | · | · | · | · | · | $-8M | $3.16B | $4.19B | · | · | $935M | · | · | $385.80B | |
| P/E | -1.3 | -0.5 | · | 0.8 | 3.0 | 6.4 | · | -0.0 | -0.1 | -0.1 | · | -1.1 | -76.9 | -213.3 | · | · | |
| P/S | 4.9 | · | · | · | 4.4 | 2.4 | · | 36.5 | 31171.6 | 61808.0 | · | -218.1 | -183.7 | -1396.5 | · | 49467.1 | |
| P/B | 0.4 | 0.4 | · | 0.7 | 0.5 | 0.4 | · | 0.4 | 159.7 | 300.2 | · | -1540.7 | -513.0 | 524.9 | · | 23336.2 | |
| P / Tangible Book | 0.4 | 0.4 | · | 0.7 | 0.7 | 0.4 | · | 0.4 | 161.0 | 303.1 | · | · | · | · | · | · | |
| P / Cash Flow | · | -29.8 | · | · | · | -4.9 | · | · | · | -1902.6 | · | · | · | -1283.1 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | -41.0 | 31003.2 | 61614.5 | · | · | -184.2 | · | · | 49467.6 | |
| Earnings Yield | -74.9% | -202.8% | · | 118.5% | 33.4% | 15.6% | · | -3524.2% | -1875.6% | -873.1% | · | -93.1% | -1.3% | -0.47% | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $13M | $895.0K | $63.0K | $8.0K | $11M |
| Gross Margin % | · | · | · | 64.9% | · |
| Operating Margin % | -285.2% | -1301.0% | -21896.8% | -411.2% | · |
| Net Income | $-148M | $-10M | $-22M | $-37M | $-34M |
| Diluted EPS | $-5.96 | $-19.36 | $-441.48 | $-6.68 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | · | 0.0 | 1.9 | 0.7 | · |
| Current Ratio | 9.2 | 3.8 | 0.7 | 0.2 | · |
| Quick Ratio | 8.6 | 3.1 | 0.6 | 0.2 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-21M | $-9M | $-9M | $-19M | · |
Institutional owners (13F) 46 filers · $58.0M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
46
Value held
$58.0M
New positions
14
Exited positions
14
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 14 (+2 vs prior Q) | 14 (-5 vs prior Q) | 9 (-1 vs prior Q) | 13 (+1 vs prior Q) | +6.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VY Capital Management Co. Ltd. | $15,620,844 | 6,125,821 | 26.91% | Shares |
| ARISTEIA CAPITAL, L.L.C. | $12,482,531 | 4,895,110 | 21.50% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $5,572,518 | 2,185,301 | 9.60% | Shares |
| Ribbit Management Company, LLC | $4,022,082 | 1,577,287 | 6.93% | Shares |
| Long Corridor Asset Management Ltd | $2,619,375 | 1,027,206 | 4.51% | Shares |
| BlackRock, Inc. | $2,179,837 | 854,838 | 3.76% | Shares |
| UBS Group AG | $2,036,374 | 798,578 | 3.51% | Shares |
| Maso Capital Partners Ltd | $1,850,682 | 262,881 | 3.19% | Shares |
| Saba Capital Management, L.P. | $1,829,184 | 717,327 | 3.15% | Shares |
| VANGUARD GROUP INC | $1,533,799 | 770,753 | 2.64% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,373,659 | 538,426 | 2.37% | Shares |
| Arrington Capital Management, LLC | $965,300 | 378,549 | 1.66% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $730,845 | 286,606 | 1.26% | Shares |
| JANE STREET GROUP, LLC | $590,392 | 231,526 | 1.02% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $585,526 | 229,618 | 1.01% | Shares |
| STATE STREET CORP | $541,380 | 212,306 | 0.93% | Shares |
| GOLDMAN SACHS GROUP INC | $515,278 | 202,070 | 0.89% | Shares |
| Yorkville Advisors Global, LP | $408,000 | 160,000 | 0.70% | Shares |
| JANE STREET GROUP, LLC | $380,205 | 149,100 | 0.65% | Put option |
| Summit Trail Advisors, LLC | $369,666 | 144,967 | 0.64% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $344,250 | 135,000 | 0.59% | Put option |
| NORTHERN TRUST CORP | $261,803 | 102,668 | 0.45% | Shares |
| CITADEL ADVISORS LLC | $172,380 | 67,600 | 0.30% | Put option |
| WOLVERINE TRADING, LLC | $125,580 | 18,200 | 0.22% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $120,166 | 47,124 | 0.21% | Shares |
| JANE STREET GROUP, LLC | $94,605 | 37,100 | 0.16% | Call option |
| TWO SIGMA INVESTMENTS, LP | $83,357 | 32,689 | 0.14% | Shares |
| GROUP ONE TRADING LLC | $78,887 | 30,936 | 0.14% | Shares |
| XTX Topco Ltd | $75,569 | 29,635 | 0.13% | Shares |
| ExodusPoint Capital Management, LP | $74,544 | 29,233 | 0.13% | Shares |
| SIMPLEX TRADING, LLC | $72,509 | 28,435 | 0.12% | Shares |
| IMC-Chicago, LLC | $70,581 | 27,679 | 0.12% | Shares |
| CITADEL ADVISORS LLC | $61,710 | 24,200 | 0.11% | Call option |
| Vanguard Global Advisers, LLC | $53,525 | 20,990 | 0.09% | Shares |
| AMERICAN CENTURY COMPANIES INC | $49,422 | 19,381 | 0.09% | Shares |
| Scientech Research LLC | $36,455 | 14,296 | 0.06% | Shares |
| Squarepoint Ops LLC | $33,023 | 12,950 | 0.06% | Shares |
| GTS SECURITIES LLC | $25,500 | 10,000 | 0.04% | Shares |
| SBI Securities Co., Ltd. | $3,448 | 1,352 | 0.01% | Shares |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | $2,110 | 725 | 0.00% | Shares |
| BARCLAYS PLC | $966 | 379 | 0.00% | Shares |
| Rialto Wealth Management, LLC | $488 | 191 | 0.00% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $337 | 132 | 0.00% | Shares |
| Caitong International Asset Management Co., Ltd | $10 | 4 | 0.00% | Shares |
| Global Retirement Partners, LLC | $3 | 1 | 0.00% | Shares |
| Allworth Financial LP | $3 | 1 | 0.00% | Shares |
Activists & 5%+ owners 5 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Manuel Stotz, Kingsway Capital Partners Limited, Kingsway Fund - Frontier Consumer Franchises, FC02 Digital Ltd, Kingsway Frontier Consumer Opportunities (FCO4) Growth Fund IV Ltd, SP12 Digital Ltd, SP13 Digital Ltd, SP14 Digital Ltd., SP15 Digital Ltd ×2 filings | Aug. 18, 2025 | 19.93% | Amendment | · | SEC |
| Rory J. Cutaia ×10 filings | Aug. 11, 2025 | 1.50% | Amendment | · | SEC |
| Geiskopf James P ×3 filings | Aug. 8, 2025 | 1.32% | Amendment | · | SEC |
| Chakradhar Reddy ×2 filings | Oct. 30, 2017 | · | Initial filing | Passive investment | SEC |
| Aaron Meyerson | Nov. 19, 2014 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 25 insiders · 11 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kevin Mark Wilson | Chief Executive Officer | Aug. 14, 2026 P | 1,152,820 | 5 | 0 | $78,547 |
| Veronika Kapustina | Chief Executive Officer | Oct. 7, 2025 A | 631,864 | 0 | 0 | $0 |
| Sarah Josephine Olsen | CFO & COO | Aug. 14, 2026 S | 1,310,490 | 1 | 1 | $-571,055 |
| Salman Hassan Khan | CFO and Treasurer | Nov. 17, 2022 D | 504,746 | 0 | 0 | $0 |
| Jeff Clayborne | CFO | July 14, 2021 M | 1,089,407 | 0 | 0 | $0 |
| Ron Gillyard | President bMgmt & bRecords | Nov. 12, 2014 A | · | 0 | 0 | $0 |
| Aaron Meyerson | President bTV business unit | Nov. 12, 2014 A | · | 0 | 0 | $0 |
| Bill John Rivard | Chief Accounting Officer | Sept. 4, 2026 S | 45,331 | 0 | 1 | $-41,250 |
| Mary Marbach | General Counsel/Corp Secretary | July 21, 2026 A | 314,100 | 1 | 0 | $5,632 |
| Leigh Collier | Executive VP Development | Nov. 12, 2014 A | · | 0 | 0 | $0 |
| Kim Watson | Exec. VP Strategic Relations | Nov. 12, 2014 A | · | 0 | 0 | $0 |
| Tucker Montana Highfield | Director | Aug. 27, 2026 A | 150,000 | 0 | 0 | $0 |
| Nicolas Claude Cary | Director | Aug. 27, 2026 A | 152,500 | 0 | 0 | $0 |
| Oscar Suarez | Director | Aug. 27, 2026 A | 97,500 | 0 | 0 | $0 |
| Evan Sohn | Director | Aug. 27, 2026 A | 155,399 | 2 | 0 | $19,834 |
| Rory J. Cutaia | Director | Dec. 16, 2025 S | 12,506 | 0 | 16 | $-7,632,792 |
| Manuel Stotz | Director | Sept. 29, 2025 P | 2,297,678 | 0 | 0 | $0 |
| Edmund C. Moy | Director | Aug. 1, 2025 A | 20,000 | 0 | 0 | $0 |
| James P. Geiskopf | Director | Aug. 1, 2025 A | 800,758 | 0 | 0 | $0 |
| KENNETH S. CRAGUN | Director | Aug. 1, 2025 A | 40,314 | 0 | 0 | $0 |
| Judith Lynne Hammerschmidt | Director | June 21, 2023 A | 239,135 | 0 | 0 | $0 |
| Phillip J. Bond | Director | June 21, 2023 A | 155,428 | 0 | 0 | $0 |
| Nancy R Heinen | Director | Jan. 20, 2022 A | 354,673 | 0 | 0 | $0 |
| Michael Timothy Psomas | Director | Dec. 1, 2015 A | · | 0 | 0 | $0 |
| Peter Krogh Jensen | Director | Nov. 12, 2014 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 3 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
TONX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 7 analysts
BUY
2 28.6%
Strong Buy
4 57.1%
Buy
1 14.3%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TONX | $112M | -0.3 | 1327.8% | -1161.9% | -70.2% | · |
| QMLS | · | · | · | · | · | · |
| EXFY | $141M | -6.6 | 2.1% | -15.0% | -16.2% | 50.3% |
| KLTR | $242M | -20.5 | 1.2% | -6.7% | -103.7% | 70.6% |
| EGAN | $165M | 19.7 | 3.1% | 9.7% | 10.3% | 73.4% |
| TRAK | $164M | 23.1 | 3.0% | 32.5% | 14.8% | · |
| DMRC | $144M | -4.4 | -11.7% | -95.3% | -74.5% | 61.6% |
| PLTR | $425.03B | 282.1 | 56.2% | 36.3% | 26.2% | 82.4% |
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Source: SEC 10-Q filed Aug 11, 2026