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TRON

Tron Inc.

TRON

Tron Inc. NASDAQ
$1.87 -0.53% (-0.01)

Market Cap $62.58 M
52w High $12.80
52w Low $0.26
Dividend Yield 0%
P/E -12.47
Volume 1.88M
Outstanding Shares 33.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.104M $954.646K $12.174M 1.102K% $0.11 $15.667M
Q2-2025 $1.343M $1.036M $1.468M 109.303% $0.068 $1.552M
Q1-2025 $1.09M $913.91K $-646.586K -59.34% $-0.056 $-576.409K
Q4-2024 $920.706K $1.131M $-979.498K -106.386% $-0.084 $-875.519K
Q3-2024 $876.392K $1.329M $-1.129M -128.809% $-0.11 $-1.091M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $10.794M $244.601M $4.826M $239.775M
Q2-2025 $5.489M $112.197M $751.576K $111.445M
Q1-2025 $1.086M $5.811M $828.046K $4.983M
Q4-2024 $1.352M $6.307M $1.016M $5.291M
Q3-2024 $1.026M $5.731M $2.46M $3.272M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $12.174M $-850.032K $0 $6.156M $5.306M $-850.03K
Q2-2025 $1.468M $40.861K $0 $4.361M $4.402M $40.86K
Q1-2025 $-646.586K $-206.514K $0 $-249.929K $-456.443K $-206.51K
Q4-2024 $-979.498K $-1.175M $0 $1.501M $325.977K $-1.175M
Q3-2024 $-1.129M $-176.377K $-250K $0 $-426.377K $-426.377K

Five-Year Company Overview

Income Statement

Income Statement The reported income statement is essentially that of a pre‑revenue or very early‑stage business. Revenue is close to zero over several years, and earnings per share have mostly been negative, which signals ongoing costs without a proven, scaled business model yet. With so little operating activity showing, traditional measures like growth, margins, or profitability trends do not yet tell a meaningful story. The key takeaway is that this is still in a build‑out phase rather than a mature, revenue‑generating operation.


Balance Sheet

Balance Sheet The balance sheet shows a very small asset and equity base and no reported debt. That combination suggests a lightly capitalized entity with minimal financial obligations, but also limited resources to fund expansion or absorb setbacks. The lack of a clear cash position in the data adds uncertainty around liquidity and financial flexibility. Overall, the company appears financially simple but also very small in scale, so even modest changes in funding or assets could materially change its profile.


Cash Flow

Cash Flow The cash flow figures are effectively blank, with no visible operating, investing, or free cash flow activity. This makes it hard to assess how much cash the business consumes, how it funds itself, or whether it is investing meaningfully in growth. It may also indicate data gaps. From a risk perspective, the absence of clear cash flow information means investors would need to rely on primary filings or other disclosures to understand cash burn, runway, and funding needs.


Competitive Edge

Competitive Edge Based on the provided blockchain‑focused description, TRON’s competitive position rests on fast, low‑cost transactions and a strong role in stablecoin transfers. A large, active user base and established decentralized finance and application ecosystem create network effects that are difficult for rivals to quickly replicate. Its cost advantage and liquidity depth in stablecoin activity help lock in users and platforms. At the same time, the landscape is intensely competitive, and TRON faces ongoing threats from other scalable, low‑fee blockchains and from evolving regulation around stablecoins and crypto markets.


Innovation and R&D

Innovation and R&D TRON appears highly active on the innovation front. It emphasizes performance upgrades, compatibility with other major smart contract platforms, and deeper cross‑chain connectivity. The ecosystem is expanding into areas like DeFi, decentralized content, and BitTorrent integration, and is exploring features such as AI‑enhanced applications, more efficient staking, transaction batching, and flexible fee payments. This pace of experimentation can be a strength, keeping the platform relevant and attractive to developers, but it also adds complexity and execution risk, particularly around security, governance, and long‑term stability of new features.


Summary

Overall, the formal financials look like those of a very early or largely undeveloped corporate shell, while the narrative describes a technologically advanced blockchain network with significant ecosystem adoption. On the numbers alone, there is little established revenue or cash flow to analyze, and the company appears small and lightly capitalized. The more compelling story comes from the technology and market position: strong traction in stablecoin transfers, low transaction costs, and an active roadmap of upgrades and cross‑chain initiatives. The key uncertainties lie in data quality for the corporate entity, the sustainability of growth in its crypto use cases, regulatory developments, and competition from other high‑performance blockchains. This is therefore a story driven far more by technology, network effects, and regulatory context than by traditional financial performance at this stage.