Great Elm Group vs TON Strategy
Great Elm Group is the larger business, with $27.8m of revenue in fiscal 2026 against $12.8m for TON Strategy (2.2 times as much). TON Strategy grew faster (1327.8% against 70.2%). Great Elm Group kept more of each dollar of sales as profit: a net margin of -127.6% against -1161.9%.
| Latest fiscal year | Great Elm GroupGEG, 2026 | TON StrategyTONX, 2025 |
|---|---|---|
| Revenue | $27.8m | $12.8m |
| Revenue growth | 70.2% | 1327.8% |
| Net income | −$35.4m | −$148m |
| Operating margin | -50.4% | — |
| Net margin | -127.6% | -1161.9% |
| Return on equity | -63.8% | -70.3% |
| Free cash flow | $15.7m | −$20.9m |
| Cash | $53.5m | $39.5m |
| Total debt | $36.5m | — |
| Debt to equity | 89.4% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $6.8m | $20.6m |
| Employees | 52 | — |
| Market value | $64.3m | $163m |
| Price vs our value range | — | — |
| Moat score | — | 12 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 9 buys, 18 sales |