Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue        
Total Revenue $ 3,609 $ 128 $ 7,037 $ 172
Costs and expenses        
Cost of revenue, exclusive of depreciation and amortization shown separately below 888 54 1,846 90
Depreciation and amortization 341 273 963 798
General and administrative (Including noncash compensation of $15,049 and $220, respectively and $17,552 and $958, respectively) 24,088 2,113 31,529 7,218
Total costs and expenses 25,317 2,440 34,338 8,106
Operating loss (21,708) (2,312) (27,301) (7,934)
Other income (expense)        
Interest income 289 193 500 361
Unrealized gain on short-term investments 109 109
Interest expense (1) (1) (236)
Financing costs (90)
Other income, net 184 46 524 649
Net gain on crypto assets 120,358 120,358
Total other income (expense), net 120,831 347 121,381 793
Net income (loss) before income taxes 99,123 (1,965) 94,080 (7,141)
Income tax expense 14,404 14,151
Net income (loss) 84,719 (1,965) 79,929 (7,141)
Less: Net income attributable to non- controlling interests 383 533
Net income (loss) attributable to Ton Strategy Company 84,336 (1,965) 79,396 (7,141)
Preferred Stock dividend payable (67) (99) (152) (240)
Deemed dividend due to redemption of Preferred Stock (1,000) (652) (1,000) (652)
Net income (loss) to common stockholders $ 83,269 $ (2,716) $ 78,244 $ (8,033)
Net income (loss) per share - basic $ 2.23 $ (3.82) $ 5.86 $ (17.16)
Net income (loss) per share - diluted $ 2.23 $ (3.82) $ 5.85 $ (17.16)
Weighted average number of common shares outstanding - basic 37,262,322 710,106 13,352,515 468,252
Weighted average number of common shares outstanding - diluted 37,316,756 710,106 13,370,859 468,252
MARKET.live [Member]        
Revenue        
Total Revenue $ 1,535 $ 103 $ 2,785 $ 147
Go Fund Yourself [Member]        
Revenue        
Total Revenue 1,367 25 3,545 25
Ton [Member]        
Revenue        
Total Revenue $ 707 $ 707