Tron Inc. TRON

Financials SIC 6199 - Finance Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities derived Nasdaq

Inc. (formerly SRM Entertainment, Inc.), is a publicly traded company pioneering blockchain-integrated treasury strategies. As the public

company with the largest TRON (TRX) tokens holdings, the Company is committed to transparency, long-term value creation and the adoption

of decentralized financial tools. In addition, through our wholly owned subsidiary, the Company designs, develops, and manufactures custom

merchandise which includes toys and souvenirs for the world's largest theme parks and other entertainment venues. Many of the Company's

Last close 1.44 2026-10-23
Market cap $680.7M 2026-06-30 share count
52-week range 1.05 - 3.08

Valuation FY2025 figures against the last close

P/S143.6x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.16

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $4.7M$4.3M$5.8M$6.1M—
Cost of revenue $3.5M$3.5M$4.4M$4.8M—
Gross profit $1.2M$855.2K$1.3M$1.2M—
SG&A $3.7M$5.2M$3.4M$872.9K—
Total operating expenses $3.7M$5.2M———
Operating income -$2.5M-$4.3M-$2.0M$358.0K—
Interest expense $30.1K$32.2K$55.8K$30.1K—
Pre-tax income -$16.8M-$4.3M———
Net income -$16.8M-$4.3M-$2.1M$328.7K—
EPS, basic -0.16-0.37-0.270.05—
EPS, diluted -0.16-0.37-0.270.05—
Shares, diluted (wtd. avg.) 102.6M11.6M7.7M6.5M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Receivables $671.8K$794.2K$707.0K$621.1K—
Inventory $704.2K$783.8K$307.0K$290.2K—
Total current assets $12.4M$3.5M$4.5M$2.1M—
Property, plant and equipment $71.9K$48.3K$45.5K$9.3K—
Other intangibles —$2.8M———
Total assets $211.4M$6.3M$4.5M$2.1M—
Accounts payable $142.9K$264.0K$126.5K$378.8K—
Total current liabilities $652.7K$1.0M———
Total liabilities $1.1M$1.0M$418.9K$2.1M—
Retained earnings -$22.5M-$5.7M-$1.4M$696.0K—
Total equity $210.3M$5.3M$4.1M-$2.6K-$331.3K

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow -$1.4M-$2.9M-$766.9K-$29.9K—
Depreciation and amortisation $336.5K$116.9K$6.7K$2.3K—
Stock-based compensation $28.1K$1.3M$1.3M——
Capital expenditure $250.0K$250.0K———
Investing cash flow -$68.8K-$273.3K-$393.0K-$4.3K—
Financing cash flow $10.6M$1.5M$3.7M-$27.6K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-012723.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20M -10M 0 10M Revenue, FY2022: 6.1M Gross profit, FY2022: 1.2M Net income, FY2022: 328.7K Revenue, FY2023: 5.8M Gross profit, FY2023: 1.3M Net income, FY2023: -2.1M Revenue, FY2024: 4.3M Gross profit, FY2024: 855.2K Net income, FY2024: -4.3M Revenue, FY2025: 4.7M Gross profit, FY2025: 1.2M Net income, FY2025: -16.8M FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2021FY2022FY2023FY2024FY2025
Revenue — $6.1M $5.8M $4.3M $4.7M
Gross profit — $1.2M $1.3M $855.2K $1.2M
Net income — $328.7K -$2.1M -$4.3M -$16.8M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Item 3.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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