Tron Inc. Reports Revenue Decline but Achieves Net Income Turnaround in Q2 2025

Tron Inc. (formerly SRM Entertainment, Inc.) reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2025. The company generated revenues of $1.34 million for the three months ended June 30, 2025, a decrease from $1.51 million in the same period last year. For the six-month period, revenues totaled $2.43 million, down from $2.51 million in 2024. Despite the decline in sales, the company reported a net income of $1.47 million for the second quarter, a notable turnaround from a net loss of $520,971 in the prior year. For the first half of 2025, Tron Inc. achieved a net income of $821,269, compared to a loss of $2.23 million in the same period of 2024.

The company's operating expenses increased to $1.04 million in the second quarter of 2025, up from $851,142 in the previous year, primarily due to higher general and administrative costs and stock-based compensation. However, Tron Inc. benefited from an unrealized gain of $2.15 million on its digital asset investments, which significantly contributed to its overall profitability. The company’s total assets surged to $112.20 million as of June 30, 2025, compared to $6.31 million at the end of 2024, largely due to the acquisition of digital assets valued at $100 million.

Strategically, Tron Inc. has made significant moves, including a private investment in public equity (PIPE) offering that raised $100 million through the issuance of Series B Convertible Preferred Stock. This transaction involved the acquisition of TRX tokens, which are now a key part of the company's treasury strategy. The company also completed a previous PIPE offering in May 2025, raising an additional $5 million. These capital raises are part of Tron Inc.'s broader strategy to align more closely with the Tron blockchain ecosystem and enhance its digital asset holdings.

Operationally, Tron Inc. has seen changes in its management structure, with several board members resigning and new appointments made in connection with the recent PIPE offerings. The company has also expanded its employee base, reflecting its growth strategy. As of June 30, 2025, Tron Inc. reported a cash balance of $5.30 million, a significant increase from $1.35 million at the end of 2024, indicating improved liquidity and financial stability.

Looking ahead, Tron Inc. anticipates that the opening of a major theme park in Orlando will generate increased interest and sales in its toy and souvenir business. The company remains focused on leveraging its digital asset strategy to create long-term value for shareholders while continuing to innovate in its product offerings. The management expressed optimism about future growth, contingent on market conditions and the successful execution of its strategic initiatives.