TRON INC (TRON)
Consumer Discretionary · Specialized Consumer Goods / Blockchain Finance · NASDAQ
A hybrid company combining a pop-culture toy and souvenir designer with a blockchain-focused treasury strategy heavily invested in TRON (TRX) tokens.
What TRON INC does
Tron Inc. operates as a dual-focused business: it designs, develops, and manufactures custom toys and souvenirs for major global theme parks and entertainment venues, and it manages a corporate treasury strategy centered on the acquisition and holding of TRX (TRON) blockchain tokens. The company sells its merchandise products through partnerships with venues such as Walt Disney Parks and Resorts, Universal Parks and Destinations, and Six Flags. Its strategic transformation includes aligning its corporate identity with the TRON blockchain ecosystem.
Recent developments
The company has continued its strategic shift toward the TRON ecosystem, reporting the ongoing dollar-cost averaging purchase of TRX tokens under a 360-day agreement initiated in January 2026. As of June 30, 2026, the company had acquired approximately 25.35 million TRX tokens for $7.95 million under this arrangement.
From TRON INC's filing of 2026-08-11.
Themes: blockchain, digital assets, consumer merchandise, pop culture
Fundamentals
- Price$1.24 as of 2026-10-21 close
- Market cap$588M as of 2026-08-07 (share count; price 2026-10-21)
- 1-year return-54.7% 2025-10-21 close $2.74 → 2026-10-21 close $1.24
- P/En/a negative earnings
- Net margin-354.6% FY2025, SEC XBRL
- Gross margin+25.3% FY2025, SEC XBRL
- ROE-8.0% FY2025, SEC XBRL
- ROICn/a No figure: its pre-tax income was zero or negative, so there is no tax rate to apply.
- Debt / equityn/a No figure: its filing tags none of the debt lines we read, which is not evidence of zero debt.
- Revenue growth (YoY)+9.9% FY2025, SEC XBRL
- Revenue CAGR (3y)-7.9% SEC XBRL
- Beta1.57 as of 2026-09-02
- Last reported earningsn/a no earnings announcement (Form 8-K, Item 2.02) has been filed in our data yet
How TRON compares in its sector
- net profit marginbottom 10% 315 covered Consumer Discretionary peers, as of 2026-09-02
- operating marginbottom 10% 282 covered Consumer Discretionary peers, as of 2026-09-02
- gross marginmiddle range 191 covered Consumer Discretionary peers, as of 2026-09-02
- return on equitybottom 25% 294 covered Consumer Discretionary peers, as of 2026-09-02
- 3-year revenue CAGRbottom 10% 327 covered Consumer Discretionary peers
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 311 covered Consumer Discretionary peers, as of FY2025
Position among covered Consumer Discretionary companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Quarterly results
| Quarter | Revenue | Gross profit | Operating income | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|---|---|
| Q2 FY2026 2026-06-30 | $2M | $290647 | -$535776 | $3M | $0.01 | -$420723† |
| Q1 FY2026 2026-03-31 | $1M | $318241 | -$596671 | $22M | $0.05 | -$539039 |
| Q4 FY2025 2025-12-31 | $1M† | $341025† | -$469241† | -$30M† | -$0.21† | -$427716† |
| Q3 FY2025 2025-09-30 | $1M | $297898 | -$656748 | $12M | $0.04 | -$850032† |
| Q2 FY2025 2025-06-30 | $1M | $292203 | -$744203 | $1M | $0.01 | $40861† |
| Q1 FY2025 2025-03-31 | $1M | $266535 | -$647375 | -$646586 | -$0.04 | -$206514 |
| Q4 FY2024 2024-12-31 | $920706† | $170500† | -$960982† | -$979498† | -$0.05† | -$1M† |
| Q3 FY2024 2024-09-30 | $876392 | $196518 | -$1M | -$1M | -$0.11 | -$176377† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-30
- Total debtnot shown the filing tags none of the debt lines we read — not evidence of zero debt
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How TRON INC looks technically
TRON INC (TRON) is trading 26.5% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 84 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 30, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 1 trading day ago (its momentum flipped positive). It made a new 20-day low about 3 trading days ago. It is 63.5% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 26.5% below its 200-day average, the long-term trend line — a long-term downtrend | -26.5% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $1.51 | $1.51 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $1.69 | $1.69 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 30 calendar days ago — the swings before that are what the structure reading is measured on | 30 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 1.598. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 84 trading days ago — a "death cross", a bearish long-term signal | 84 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 30, with sellers in control | 29.5 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30) | 42.3 |
|---|---|---|
| Position in its 14-day range | it is trading around the middle of its 14-day range ($1.05 to $1.45) — its "stochastic" reading is 48 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 48.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 1 trading day ago (its momentum flipped positive) | 1 session |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $3.40 | $3.40 |
|---|---|---|
| From the 52-week high | it is 63.5% below its 52-week high (its highest price of the past year) | -63.5% |
| Above the 52-week low | it is 18.1% above its 52-week low (its lowest price of the past year) | +18.1% |
| Below the 52-week high | it is 63.5% below its highest point of the past year | 63.5% |
| Since a 20-day breakout | it made a new 20-day low about 3 trading days ago | 3 sessions |
| Since a 55-day breakout | it made a new 55-day low about 3 trading days ago | 3 sessions |
| All-time high | its highest closing price on record is $12.80 (set on 2025-06-20) | $12.80 |
| Given back of the 52-week move | over the past year its closes ranged ($1.10 to $3.04), and it has recovered only a small part of its fall from last year’s high — 7% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $2.30 to $2.36. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 7.2% |
| From the all-time high | it is 90.3% below its all-time high | -90.3% |
| Nearest price level | it is trading 2.0% above a support level at $1.22 — a price it turned at twice since 2025-12-31, most recently on 2026-03-09. Since 2024-10-21 it has 2 such levels below the current price and 7 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -2.0% |
| All-time low | its lowest closing price on record is $0.261 (set on 2025-04-04) | $0.261 |
| Above the all-time low | it is 375.1% above its all-time low | +375.1% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 61st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.0872 between its high and its low — about 7.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.0872 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $1.08 and $1.51 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $1.08 – $1.29 – $1.51 |
| Typical daily range (% of price) | its price moves about 7.0% in a typical session — more volatile than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 7.0% |
| Stretch from the 200-day average | it is trading 5.1 daily ranges below its 200-day average price (26.5% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 5.1 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.12× |
|---|
Candlestick patterns
3
| Since a doji | 4 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 4 sessions ago |
|---|---|---|
| Since a hammer | 2 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 2 sessions ago |
| Since a bullish engulfing | 1 session ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 1 session ago |
Price gaps
3
| Gap at the open | it opened on 2026-10-21 at essentially the same price it closed at the session before — no meaningful overnight gap | 0.0% |
|---|---|---|
| Open gap | it gapped 2.5% below the previous close 29 sessions ago and has not traded back through the level it left behind at 1.62 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -2.5% |
| Gap filled | a 2.3% gap down opened on 2026-10-07 has been "filled" 10 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 10 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 2 sessions in a row, a +12.73% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 2 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 16.7 percentage points (the stock lost 16.8% while the market lost 0.1%) | -16.7% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 22.0 percentage points (the stock lost 18.7% while the market gained 3.3%) | -22.0% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 57.9 percentage points (the stock lost 48.1% while the market gained 9.8%) | -57.9% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 69.9 percentage points (the stock lost 54.7% while the market gained 15.2%) | -69.9% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 28% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-15 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 12.4% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -28.1% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 32% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $1.82 — a volume-weighted average of daily closes over 201 sessions, not a true tick-by-tick VWAP. | -31.7% |
|---|
Price levels it has turned at before
TRON last closed at $1.24 on 2026-10-21. Since 2024-10-21 it has turned at 2 prices below its last close and 7 above; the 2 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $1.22 | Support | 2.0% below the last close | turned there twice · 2025-12-31 to 2026-03-09 |
| $1.35 | Resistance | 8.7% above the last close | turned there twice · 2026-06-25 to 2026-07-17 |
| $1.60 | Resistance | 29.4% above the last close | turned there twice · 2026-07-29 to 2026-09-21 |
| $1.67 | Resistance | 34.7% above the last close | turned there twice · 2024-12-04 to 2025-12-01 |
| $0.46 | Support | 62.9% below the last close | turned there twice · 2025-03-11 to 2025-05-08 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $1.60.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 18 trading days, since 2026-09-28.
Read from daily closes as of 2026-10-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Trading below the 50-day moving average · Pulled back from the 12-month high · Broke down to a new 20-day low · MACD just crossed bullish (12/26/9) · lagging the market | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-21. Describes past price behavior only — informational, not financial advice.
Key risks (from latest filing)
["Significant operating losses and unprofitability","Concentration of treasury assets in volatile digital assets (TRX tokens)","Sensitivity to fluctuations in the toy and souvenir market and changes in pop culture trends"]
What changed in the latest 10-Q
AI-assisted comparison of TRON's 10-Q filed 2026-05-08 against the prior one filed 2025-11-10.
Management's Discussion & Analysis (MD&A)
- Added:
- Added description of company as 'pioneering blockchain-integrated treasury strategies' and 'public company with the largest TRON (TRX) tokens holdings' in General Overview (2026-05-08)
- Added detailed description of June 16, 2025 Securities Purchase Agreement with Bravemorning Limited including $100,000,000 transaction, Series B Preferred Stock, and warrant details (2026-05-08)
- Added information about August 29, 2025 warrant exercise by Bravemorning acquiring 220,000,000 common shares for $110,000,000 and resulting ownership percentages (2026-05-08)
- Added information about December 24, 2025 Stock Purchase Agreement with Black Anthem Limited for $18,000,000 in restricted common stock payable in USDT, closing January 8, 2026 (2026-05-08)
- Added detailed description of January 6, 2026 BGDL Token S&P Agreement for $18,000,000 worth of TRX tokens using dollar-cost averaging mechanism (2026-05-08)
- Added specific TRX token holdings as of March 31, 2026: approximately 11,695,341 TRX tokens purchased for $3,400,001 with prepayment balance of $14,599,999 (2026-05-08)
- Added reference to 'Treasury Wallet' in context of stablecoin transfers (2026-05-08)
- Removed:
- Removed 'listed and traded on NASDAQ, headquartered in Florida' from General Overview (2025-11-10)
- Removed reference to May 21, 2025 May Securities Purchase Agreement and 'May 2025 PIPE Offering' (2025-11-10)
- Removed cross-reference directing readers to 'Recent Developments' section for transaction information (2025-11-10)
- Removed separate 'TRX Tokens Treasury' business section that appeared in older filing (2025-11-10)
- Removed disclosure of TRX token holdings as 'approximately 94 TRX tokens and approximately 549,676,892 sTRX tokens' (2025-11-10)
- Removed detailed Treasury Reserve Policy description including cash assets and TRX token strategy (2025-11-10)
- Removed statement about not setting specific targets for TRX token holdings and monitoring market conditions (2025-11-10)
- Removed disclosure that company has not had any TRX token dispositions (2025-11-10)
- Removed extended discussion of toy and souvenir business model and fan loyalty principles that was in older filing (2025-11-10)
- Reworded:
- Changed company description from basic incorporation details to 'pioneering blockchain-integrated treasury strategies' with emphasis on TRON holdings (2026-05-08)
- Reorganized General Overview to lead with strategic blockchain transformation and add specific transaction details rather than referencing a 'Recent Developments' section (2026-05-08)
- Removed specific statement about SRM Entertainment Limited being 'wholly-owned' and changed to 'wholly owned' and incorporated narrative flow (2026-05-08)
- Changed reference from 'an institutional investor' to named entity 'Bravemorming Limited, a British Virgin Islands business company and related party' (2026-05-08)
- Moved and reformatted the 'Basis of Presentation' section positioning before business description (both filings but different emphasis)
- Notes:
- The newer filing appears to have been truncated at the end ('Our toy and souvenir business is built on the principle that almost everyone is a fan of something and the evolution of pop culture is leading to'), limiting complete comparison of toy and souvenir business section
- The older filing text also appears truncated ('As a result, the breadth and depth of pop culture fandom res'), making full comparison of that section not possible
- Ownership percentage disclosure for Bravemorning changes from 86.6% and 92.5% (as of specific transaction dates) to 88.5% (as of March 31, 2026), reflecting passage of time rather than a filing change
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-18. The 4 days since 2026-10-18 have not been checked yet.
Most recent open-market transaction: 2025-08-22. Based on Form 4 filings read through 2026-10-18; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about TRON's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding TRON as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 4,054,739
- Reported value $6,528,130
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 2 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about TRON's institutional holders → See what each manager we track holds →
Short interest (FINRA)
TRON had 8,547,872 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
TRON had 1.80% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 12.67 days to cover at the same settlement.
- Reported short interest (shares) 8,547,872
- Short interest (% of shares outstanding) 1.80%
- Prior settlement (shares) 8,431,512
- Reported change 1.38%
- Days to cover (reported) 12.67
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does TRON INC (TRON) do?
Tron Inc. operates as a dual-focused business: it designs, develops, and manufactures custom toys and souvenirs for major global theme parks and entertainment venues, and it manages a corporate treasury strategy centered on the acquisition and holding of TRX (TRON) blockchain tokens. The company sells its merchandise products through partnerships with venues such as Walt Disney Parks and Resorts, Universal Parks and Destinations, and Six Flags.
What sector is TRON INC (TRON) in?
TRON INC (TRON) is classified in the Consumer Discretionary sector. Its industry is Specialized Consumer Goods / Blockchain Finance. It trades on NASDAQ.
Who are TRON INC's (TRON) competitors?
Notable peers of TRON INC (TRON) include Mattel, Hasbro, Funko and JAKKS Pacific. This peer set is informational only — not financial advice.
Is TRON INC (TRON) overbought or oversold right now?
TRON INC (TRON) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 42, in the neutral middle (as of 2026-10-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on TRON come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.