TRON · NASDAQ · Leisure

Tron (TRON)

Combines theme-park merchandise with a TRX-token treasury strategy.

$1.55
vs last close+0.06 (+4.30%)
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Tron Inc.TRON
Consumer Discretionary

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

CEORichard Miller
ListedAug 15, 2023
ExchangeNASDAQ
HeadquartersWinter Park, FL
CountryUnited States
Employees6
CIK0001956744
ISINUS85237B1017

Market cap$706.8M
EPS (ttm)−$0.0185
P/E (ttm)−80.54
ROE2.9%
P/B2.80
P/S139.65
Dividend yieldDiv yield
Beta2.44vs XLY 0.14

No analyst consensus on record.

EPSReportedEstimate

Nov '24Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26
Reported−$0.11−$0.05−$0.04$0.01−$0.01−$0.25$0.05$0.01
Estimate
Surprise

RevenueReportedEstimate

Nov '24Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26
Reported$876.4K$920.7K$1.1M$1.3M$1.1M$1.2M$1.2M$1.6M
Estimate
Surprise
Estimate
Reported$0.01
Estimate
Reported$1.6M
View details

Debt to equity0.20%
Current ratio2,740.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$876.4K$920.7K$1.1M$1.3M$1.1M$1.2M$1.2M$1.6M
Net income−$1.1M−$979.5K−$646.6K$1.5M$12.2M−$29.8M$21.6M$2.9M
Net margin0.0%0.0%0.0%109.3%1,102.4%0.0%1,825.7%182.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.1M−$961.0K−$647.4K−$744.2K−$656.7K−$469.2K−$596.7K−$535.8K
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $9.5M · Total debt $577.1K · Total assets $256.2M · Shareholders' equity $252.8M

Revenue
$1.6M
Operating income
−$535.8K
Net income
$2.9M
View details

No dividends on record.

Insiders0.75%3.55M shares
5 holders · as of Sep 17, 2026
Strategic holders0.49%2.33M shares
1 holder · as of Jan 10, 2025
Other98.76%468.50M shares
remainder

474.38M company shares as of Sep 22, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Safety Shot, Inc.Strategic10 percent owner
0.49%2.33Mfiled Jan 10, 2025
Jordan SchurInsider10 percent owner
0.37%1.75Mfiled Sep 26, 2024
Richard A. MillerInsiderdirector, officer: Chief Executive Officer
0.23%1.10Mfiled Aug 18, 2025
Douglas O. MckinnonInsiderofficer: Chief Financial Officer
0.11%516,388filed Aug 18, 2025
Deborah Lynn McDaniel-HandInsiderofficer: VP of Production Development
0.02%100,000filed Jun 25, 2025

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Compare

CompanyPriceChange
Tron$1.55+4.30%$706.8M139.7+16.8%
JAKKS Pacific$24.63+1.42%$277.9M+16.9%
Mattel$13.20+0.88%$3.80B9.89.90.7+10.5%
Hasbro$88.29+0.64%$12.37B15.814.42.5+16.2%
Funko$5.49+1.13%$303.2M47.80.3+7.4%
Median12.814.40.7+13.3%