Tron Inc. (TRON) SEC Filings & Earnings Calls
EquiReason read 11 Tron Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-10-21 — Tron Inc. announces its Super Representative node rose to #1 rank with 3.71B delegated TRX tokens, plans to operate multiple nodes to expand on-chain revenues, reflecting growing T.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 680.7M
- P/E TTM
- —
- Dividend yield
- —
- 52-week
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- Next earnings
- 9 Nov, in 16 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
21 Oct 20268-K · 7.01Tron Inc. announces its Super Representative node rose to #1 rank with 3.71B delegated TRX tokens, plans to operate multiple nodes to expand on-chain revenues, reflecting growing TRON network integration.open
Figures in the filing · each found in the filing text
| delegated TRX tokens · TRON network · 2026-10-21 | 3,710,000,000 |
Risks flagged
Dependence on TRON network and token delegation; volatility in crypto markets could affect node revenue.
“The company's SR ranking and revenue depend on community delegation and TRON network activity, which are subject to market and regulatory risks.”
19 Oct 20268-K · 7.01Tron Inc. elected as Super Representative on TRON network, enabling block production, validation, and governance revenue.open
Figures in the filing · each found in the filing text
| Delegated TRX tokens · 2026-10-18 | 760,000,000 |
Risks flagged
Dependence on TRON network performance and governance dynamics.
“SR election ranking #27 may be subject to change based on delegated votes.”
14 Oct 20268-K · 1.01Tron Inc. entered into an at-the-market (ATM) equity offering agreement with Clear Street LLC to sell common stock from time to time, with a 3% commission. No immediate dilution or pricing disclosed.open
Risks flagged
Potential dilution from future share sales under ATM program.
“ATM offering allows sale of common stock from time to time, which may dilute existing shareholders.”
13 Aug 20268-K · 7.01Tron Inc. announces plan to pursue Super Representative status on TRON blockchain, deepening ecosystem integration and targeting recurring on-chain revenue.open
Figures in the filing · each found in the filing text
| TRX holdings · 2026-06-30 | 709,000,000 | |
| cumulative gain on digital assets · 2026-06-30 | $16M |
Risks flagged
Dependence on TRON ecosystem and crypto market volatility; regulatory uncertainty.
“Forward-looking statements caution about risks including those in Risk Factors sections.”
11 Aug 202610-QQ2 2026 results: toy revenue grew 16.8% YoY, but net income was dominated by $4.1M in digital asset gains; no guidance provided.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Toy Sales · H1-2026 | $3M | +13% y/y |
| Net Income · H1-2026 | $24M | +2882% y/y |
| Operating Cash Flow · H1-2026 | $-959762.00 | |
| Digital Asset Holdings (Fair Value) · Digital Assets · 2026-06-30 | $234M | |
| Unrealized Gain on Digital Assets · Digital Assets · H1-2026 | $21M | |
| Unrealized Income from Staking · Digital Assets · H1-2026 | $6M | |
| Common Shares Outstanding · 2026-06-30 | 474,382,064 |
Risks flagged
Concentrated Ownership and Control
“Bravemorning holds the voting power of approximately 88.5% as of June 30, 2026.” · word for word
Related Party Transactions and Conflicts of Interest
“Directors have ties to TRON ecosystem; Justin Sun's father is Chairman; transactions with entities controlled by insiders.”
Dependence on TRX Token Price
“Net income is almost entirely from unrealized gains on digital assets; a decline in TRX price would materially impact earnings.”
Regulatory Risk in Hong Kong/PRC
“Uncertainty regarding PRC regulation of crypto and Hong Kong operations; potential for future restrictions.”
No Insurance on Treasury Tokens
“There currently is no insurance coverage on the treasury tokens.” · word for word
8 May 202610-QQ1 2026 net income of $21.6M driven by $23.6M unrealized gains on digital assets; toy segment revenue grew 8.7% YoY; significant post-quarter dilution from Series B conversion.earningsopen
Figures in the filing · each found in the filing text
| Net income (loss) · Q1-2026 | $22M | |
| Revenue · Toy Sales · Q1-2026 | $1M | +9% y/y |
| Unrealized gain on digital asset investment · Digital Assets · Q1-2026 | $21M | |
| Unrealized income from staking activities · Digital Assets · Q1-2026 | $3M | |
| Cash and cash equivalents · 2026-03-31 | $10M | |
| Investment in Digital Assets · Digital Assets · 2026-03-31 | $225M |
Risks flagged
Crypto Asset Volatility
“Unrealized gain on digital asset investment $20,661,182”
Related Party Concentration
“Bravemorning Limited, a related party, holds 88.5% voting power.”
Dilution Risk
“On April 2, 2026, Bravemorning Limited exercised its right to convert 100,000 shares of its Series B Convertible Preferred Stock... into 200,000,000 shares of the Company’s Common Stock.” · word for word
PRC Regulatory Risk
“We are subject to unique risks due to uncertainty of the interpretation and the application of the PRC laws and regulations.” · word for word
13 Apr 2026SC 13D/AActivist investor Bravemorning Limited files amended Schedule 13D disclosing 88.5% ownership of Tron Inc., board control, and removal of ownership limitation.open
Figures in the filing · each found in the filing text
| Beneficial Ownership Percentage · 2026-04-02 | 88.5% |
Risks flagged
Control by activist investor with potential for significant strategic changes
“The Reporting Persons acquired the securities reported herein for the purposes of obtaining control of the Issuer.” · word for word
13 Apr 2026SC 13D/AActivist investor Bravemorning Limited files amended Schedule 13D disclosing 88.5% ownership of Tron Inc., board control, and removal of ownership limitation.open
Figures in the filing · each found in the filing text
| Beneficial Ownership Percentage · 2026-04-02 | 88.5% |
Risks flagged
Control by activist investor with potential for significant strategic changes
“The Reporting Persons acquired the securities reported herein for the purposes of obtaining control of the Issuer.” · word for word
25 Mar 202610-KBravemorning acquired ~86.6% of common stock and ~92.5% voting power via June PIPE and warrant exercise, resulting in change of control.open
Figures in the filing · each found in the filing text
| TRX tokens held · 2026-03-18 | 9,769,626 | |
| sTRX tokens held · 2026-03-18 | 549,676,892 | |
| Bravemorning voting power · 2026-03-18 | 88.5% |
Risks flagged
Concentrated ownership risk
“Bravemorning holds an aggregate voting power of approximately 88.5%.” · word for word
Token price volatility risk
“The Company's plan is to accumulate and hold TRX tokens in its treasury... without hedging.” · word for word
Staking yield reduction risk
“The price decrease of energy... could negatively affect the Company.”
Regulatory risk (China/Hong Kong)
“Because of the certain connections we have in Hong Kong... there is uncertainty as to whether... the Chinese government does exercise additional oversight.” · word for word
26 Nov 2025DEF 14AProxy statement for annual meeting; no material event disclosed beyond routine governance items.open
Figures in the filing · each found in the filing text
| Net Loss · FY2024 | $-4M | +111% y/y |
| Total Shareholder Return (TSR) per $100 investment · FY2024 | $12.65 | -59% y/y |
| CEO Base Salary · FY2024 | $225000.00 |
Risks flagged
Extreme Ownership Concentration
“Weike Sun ... beneficially owned 220,000,000 shares of Common Stock, representing 85.0% of the outstanding shares.”
Going Concern / Negative Net Worth
“Net Loss 2024: ($4,339,345); 2023: ($2,053,859).”
Related Party Transactions
“On June 16, 2025, Mr. Weike Sun, through an entity of which he is the sole shareholder, Bravemorning Limited, purchased 100,000 shares of Series B Convertible Preferred Stock ... convertible into 200,000,000 shares of common stock.” · word for word
10 Nov 202510-QTRON reported a swing to net income of $12.2M in Q3 2025 from a loss of $1.1M a year ago, driven by unrealized gains on digital assets and a theme park-driven revenue increase.earningsopen
Figures in the filing · each found in the filing text
| Net income (loss) · Q3-2025 | $12M | |
| Operating cash flow · 9M-2025 | $-1M |
Risks flagged
Dependence on digital asset valuation
“The Company had an unrealized gain on its digital asset investment of $13,959,967 due to the increase in market value of the digital asset, unrealized income from digital assets of $2,258,770 from revenue generated from the digital assets” · word for word
Concentration risk on theme park demand
“The increase is primarily due to the expansion of a major theme park opening in Orlando in 2025.” · word for word
Deferred tax liability on unrealized gains
“The Company had deferred income tax expense related to the unrealized gains and income related to its digital assets resulting in a deferred tax provision of $3,454,510.” · word for word
Tron Inc. — questions
- What did Tron Inc. file recently?
- 11 SEC filings in the last 12 months. Latest: 8-K on 2026-10-21 — Tron Inc. announces its Super Representative node rose to #1 rank with 3.71B delegated TRX tokens, plans to operate multiple nodes to expand on-chain revenues, reflecting growing TRON network integration.
Every figure on this page comes from Tron Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.