TON Strategy reports a Q3 net loss of $23.97 million, mainly due to unrealized losses on GRAM
According to SEC filings, GRAM treasury company TON Strategy (NASDAQ: $TONX) announced its Q3 2026 results: quarterly revenue was $13.1 million, down approximately 13% from the previous quarter, mainly due to a decline in the price of GRAM; gross profit was $12.4 million, with a gross margin of approximately 95%; operating expenses were $8.4 million, down 39% quarter over quarter, with reductions in advisory fees, personnel costs, and professional services fees. NasdaqOdaily
The company reported a net loss of $23.97 million for the quarter, mainly due to an unrealized fair-value loss of $27.2 million on its GRAM holdings. This was a non-cash item and did not represent an actual cash outlay. As of September 30, the company held approximately 235.1 million GRAM, of which approximately 232.9 million, or 99%, had been staked; 119.1 million of its holdings were restricted, while 116 million were unrestricted. During the quarter, the company also repurchased approximately 1.8 million common shares for $5.7 million.
For treasury companies of this kind, reported profits fluctuate as the market value of their token holdings is remeasured: when token prices rise, unrealized gains are included in profit; when prices fall, unrealized losses magnify losses. Key points to watch are whether staking rewards from GRAM can cover costs and whether the token price can stabilize.
#TONStrategy $GRAM
#代币财库 $TONX.US
#tonstrategy第三季度净亏损2397万美元
According to SEC filings, GRAM treasury company TON Strategy (NASDAQ: $TONX) announced its Q3 2026 results: quarterly revenue was $13.1 million, down approximately 13% from the previous quarter, mainly due to a decline in the price of GRAM; gross profit was $12.4 million, with a gross margin of approximately 95%; operating expenses were $8.4 million, down 39% quarter over quarter, with reductions in advisory fees, personnel costs, and professional services fees. NasdaqOdaily
The company reported a net loss of $23.97 million for the quarter, mainly due to an unrealized fair-value loss of $27.2 million on its GRAM holdings. This was a non-cash item and did not represent an actual cash outlay. As of September 30, the company held approximately 235.1 million GRAM, of which approximately 232.9 million, or 99%, had been staked; 119.1 million of its holdings were restricted, while 116 million were unrestricted. During the quarter, the company also repurchased approximately 1.8 million common shares for $5.7 million.
For treasury companies of this kind, reported profits fluctuate as the market value of their token holdings is remeasured: when token prices rise, unrealized gains are included in profit; when prices fall, unrealized losses magnify losses. Key points to watch are whether staking rewards from GRAM can cover costs and whether the token price can stabilize.
#TONStrategy $GRAM
#代币财库 $TONX.US
#tonstrategy第三季度净亏损2397万美元
