Tron
Combines theme-park merchandise with a TRX-token treasury strategy.
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Combines custom merchandise for theme parks and entertainment venues with a TRX-token treasury strategy. Its wholly owned subsidiary designs, develops, and manufactures toys and souvenirs, while the parent retains TRX holdings and intends to stake them.
Runs two distinct activities: its wholly owned SRM Entertainment subsidiary designs, develops, and manufactures custom toys and souvenirs for theme parks and entertainment venues; the parent also pursues a blockchain-integrated treasury strategy centered on TRX tokens. The listed parent acquired that legacy business in 2023.
Based in Winter Park, Florida, the listed parent was formed in 2022 while the merchandise subsidiary traces to Hong Kong. The company intends to stake its TRX holdings. A 2025 warrant exercise by Bravemorning, an entity controlled by director Weike Sun, caused a change of control and concentrated common-stock ownership.
Company facts
Categories
Key statistics
Year to date +52.9% · Average volume (30d) 956.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | — | $0.01 | — | — | $1.6M | — | −3.95% |
| May 8, 2026Q1 FY26 | — | $0.05 | — | — | $1.2M | — | −2.24% |
| Mar 25, 2026Q4 FY25 | — | −$0.25 | — | — | $1.2M | — | −16.35% |
| Nov 10, 2025Q3 FY25 | — | −$0.01 | — | — | $1.1M | — | +2.23% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $1.3M | $1.1M | $1.2M | $1.2M | $1.6M | |
| Gross profit | $266.5K | $292.2K | $297.9K | $341.0K | $318.2K | $290.6K | |
| Operating income | −$647.4K | −$744.2K | −$656.7K | −$469.2K | −$596.7K | −$535.8K | |
| Net income | −$646.6K | $1.5M | $12.2M | −$29.8M | $21.6M | $2.9M | |
| Diluted EPS | −$0.06 | $0.01 | $0.04 | −$0.11 | $0.05 | $0.01 | |
| Gross margin | 24.5% | 21.8% | 27.0% | 28.3% | 26.9% | 18.5% | |
| Operating margin | -59.4% | -55.4% | -59.5% | -39.0% | -50.4% | -34.2% |
Fiscal years (4-quarter sums)FY21 $1.5M · FY22 $3.1M · FY23 $5.8M · FY24 $4.3M · FY25 $4.7M
Balance sheet, Jun 30, 2026Cash & short-term investments $9.5M · Total debt $577.1K · Total assets $256.2M · Shareholders' equity $252.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 474.38M · Float 51.00M · 10.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bravemorning Limited | 420.00M | 88.50% | 13D | Apr 13, 2026 |
| Weike SUN · director, 10 percent owner: | 420.00M | 88.54% | Form 4 | Apr 8, 2026 |
| Richard A. Miller · director, officer: Chief Executive Officer | 1.10M | 0.23% | Form 4 | Aug 18, 2025 |
| Douglas O. Mckinnon · officer: Chief Financial Officer | 516.4K | 0.11% | Form 4 | Aug 18, 2025 |
| Deborah Lynn McDaniel-Hand · officer: VP of Production Development | 100.0K | 0.02% | Form 4 | Jun 25, 2025 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- JAKKS Pacific
Licensed character toys, dolls, and costumes for the same licensors
- Mattel
Licensed dolls and character toys backed by global consumer-products scale
- Hasbro
Consumer products and entertainment IP contest licenses and demand
- Funko
Pop-culture collectibles for shared character-merchandise demand
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tron | $2.10 | +0.88% | $986.7M | — | — | 195.0 | +16.8% |
| JAKKS Pacific | $25.42 | +0.20% | $290.9M | 18.3 | — | 0.5 | +16.9% |
| Mattel | $15.14 | 0.00% | $4.40B | 11.3 | 11.2 | 0.8 | +10.5% |
| Hasbro | $94.23 | −0.01% | $13.29B | 16.9 | 15.4 | 2.7 | +16.2% |
| Funko | $6.96 | −1.90% | $396.5M | — | 61.7 | 0.4 | +7.4% |
| Median | 16.9 | 15.4 | 0.6 | +13.3% |