TON Strategy Company, formerly known as Verb Technology Company, Inc., reported significant financial developments in its 10-K filing for the fiscal year ending December 31, 2025. The company generated total revenue of $12.8 million, a substantial increase of 1,328% compared to $895,000 in the previous fiscal year. This growth was primarily driven by the implementation of the company's TON Treasury Strategy and the commencement of staking operations in August 2025, alongside revenue from its MARKET.live and Go Fund Yourself business units.
Despite the revenue increase, the company reported a net loss of $148.6 million for the year, compared to a loss of $10.5 million in 2024. The increase in losses was attributed to various factors, including a net loss on crypto assets amounting to $114.2 million, which significantly impacted the overall financial performance. General and administrative expenses also rose sharply to $40.9 million, up from $11.2 million in the prior year, largely due to increased advisory and legal fees associated with the company's strategic initiatives.
Strategically, the company has focused on expanding its digital asset treasury through the acquisition of Toncoin, the native cryptocurrency of The Open Network (TON). As of December 31, 2025, TON Strategy Company held 4.2% of the total supply of Toncoin and had staked approximately 219.7 million units, generating $4 million in staking rewards. The company aims to increase its holdings to over 5% of Toncoin's circulating supply, positioning itself as a significant participant in the TON ecosystem.
Operationally, the company has made notable advancements, including the acquisition of LyveCom, an AI-driven video commerce platform, which is expected to enhance its MARKET.live offerings. The company also reported a customer base that includes significant partnerships, particularly with TikTok, which has contributed to the growth of its social commerce services. As of the end of 2025, the company employed 25 full-time staff and engaged additional contractors to support its operations.
Looking ahead, TON Strategy Company expressed optimism about its future, emphasizing its commitment to expanding its digital asset treasury and enhancing its service offerings. However, the company acknowledged the inherent risks associated with its business model, particularly in the volatile digital asset market and the evolving regulatory landscape. The management's forward-looking statements indicate a focus on achieving profitability while navigating these challenges.
About Verb Technology Company, Inc.
Verb Technology Company, Inc. develops interactive video-based social commerce platforms, including livestream shopping and social crowdfunding. Its core offerings enable brands, retailers, and creators to engage audiences across social media channels, integrating AI and seamless checkout solutions. The company operates in social commerce, digital marketing, and telehealth, targeting consumer brands, influencers, and healthcare consumers with a focus on innovative, technology-driven customer engagement and revenue models.
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