Nakamoto vs TON Strategy
TON Strategy is the larger business, with $12.8m of revenue in fiscal 2025 against $1.8m for Nakamoto (7.0 times as much). TON Strategy grew faster (1327.8% against -33.0%). TON Strategy kept more of each dollar of sales as profit: a net margin of -1161.9% against -2867.6%.
| Latest fiscal year | NakamotoNAKA, 2025 | TON StrategyTONX, 2025 |
|---|---|---|
| Revenue | $1.8m | $12.8m |
| Revenue growth | -33.0% | 1327.8% |
| Net income | −$52.2m | −$148m |
| Operating margin | — | — |
| Net margin | -2867.6% | -1161.9% |
| Return on equity | -20.2% | -70.3% |
| Free cash flow | −$23.5m | −$20.9m |
| Cash | $21.1m | $39.5m |
| Total debt | — | — |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $320,404 | $20.6m |
| Employees | 65 | — |
| Market value | $101m | $163m |
| Price vs our value range | — | — |
| Moat score | — | 12 (Weak) |
| Insider trades, 12 months | 12 buys, 1 sales | 9 buys, 18 sales |