Tron Inc. TRON
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
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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 | -0.27 | 0.05 | — |
| EPS, diluted | -0.16 | -0.37 | -0.27 | 0.05 | — |
| Shares, diluted (wtd. avg.) | $102.6M | $11.6M | $7.7M | $6.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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.
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