TON Strategy Company, formerly known as Verb Technology Company, Inc., reported significant financial performance improvements in its latest 10-Q filing for the quarter ending September 30, 2025. The company generated total revenue of $3.6 million for the third quarter, a substantial increase from $128,000 in the same period last year. For the nine months ended September 30, 2025, revenue reached $7 million, compared to $172,000 for the same period in 2024. This growth is attributed to the successful implementation of the company's TON Treasury Strategy and the launch of its staking operations, which began in August 2025.
The company's operating loss for the third quarter was $21.7 million, compared to a loss of $2.3 million in the prior year. The increase in losses is primarily due to a rise in general and administrative expenses, which surged to $24.1 million from $2.1 million year-over-year. This increase reflects costs associated with the company's strategic initiatives, including advisory fees and stock-based compensation. Despite the operating losses, TON Strategy reported a net income of $84.7 million for the quarter, driven by a net gain on crypto assets of $120.4 million, marking a significant turnaround from a net loss of $2 million in the same quarter of 2024.
Strategically, the company has made notable advancements, including the acquisition of LyveCom, an AI-driven video commerce platform, which closed on April 11, 2025. This acquisition is expected to enhance the capabilities of the company's MARKET.live platform, which focuses on livestream shopping. Additionally, the company has initiated a private investment in public equity (PIPE) transaction, raising approximately $558 million, which will be utilized to bolster its Toncoin holdings and support its digital asset treasury strategy.
Operationally, TON Strategy has reported a significant increase in its digital asset holdings, with a total of 217.9 million units of Toncoin valued at approximately $587.8 million as of September 30, 2025. The company has also begun staking 177.1 million units of Toncoin, earning staking rewards of $707 during the quarter. The company’s cash and restricted cash balance increased to $53.9 million, up from $7.6 million at the end of 2024, reflecting the successful capital-raising efforts.
Looking ahead, TON Strategy Company remains focused on expanding its digital asset treasury and enhancing its operational capabilities through strategic partnerships and acquisitions. The company aims to leverage its relationship with Telegram to further integrate Toncoin into its ecosystem, potentially increasing user engagement and transaction volume. However, management acknowledges the inherent risks associated with market volatility and regulatory changes in the digital asset landscape, which could impact future performance.
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.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.