TON Strategy Company, formerly known as Verb Technology Company, Inc., reported significant financial developments in its latest 10-Q filing for the quarter ending March 31, 2026. The company generated total revenue of $5.3 million, a substantial increase of 303% compared to $1.3 million in the same period last year. This growth was primarily driven by the introduction of its TON segment, which contributed $3.0 million in revenue from staking rewards associated with Toncoin, the native digital asset of The Open Network blockchain. Despite the revenue increase, the company reported a net loss of $90.9 million, a sharp decline from a loss of $2.4 million in the prior year, largely due to unrealized losses on digital asset holdings.
The company's operational expenses also rose significantly, totaling $7.8 million for the quarter, compared to $3.4 million in the previous year. This increase was attributed to higher general and administrative costs, including legal fees and advisory fees related to its TON strategy. The cost of revenue increased to $1.3 million from $596,000, reflecting the operational costs associated with the new TON segment. The gross profit for the quarter was reported at $4.0 million, up from $709,000 in the prior year.
Strategically, TON Strategy Company has been focusing on expanding its digital asset treasury through its TON Treasury Strategy, which includes acquiring Toncoin and participating in staking activities. As of March 31, 2026, the company held 221.9 million units of Toncoin, with a fair value of $272.0 million, down from $356.8 million at the end of 2025. The company has also made significant investments in its MARKET.live platform, which integrates social commerce and livestream shopping, and has expanded its capabilities through the acquisition of LyveCom, an AI-driven video commerce platform.
In terms of operational metrics, the company reported a total of 58.2 million weighted average shares outstanding, reflecting its recent capital-raising activities, including a private investment in public equity (PIPE) that raised approximately $558,000. The company is also navigating challenges related to compliance with Nasdaq listing requirements and potential claims regarding unregistered equity awards. Looking ahead, TON Strategy Company aims to leverage its digital asset holdings and expand its market presence while managing the risks associated with the volatile digital asset landscape.
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.