Tron Inc.
TRONNasdaqFinancials · Finance Services · NV · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|
| Revenue | $4.7M | $4.3M | $5.8M | $6.1M |
| Operating income | −$2.5M | −$4.3M | −$2.0M | $357,985 |
| Net income | −$16.8M | −$4.3M | −$2.1M | $328,701 |
| Total assets | $211.4M | $6.3M | $4.5M | $2.1M |
| Total liabilities | $1.1M | $1.0M | $418,876 | $2.1M |
| Equity | $210.3M | $5.3M | $4.1M | −$2,594 |
| EPS (diluted) | $-0.16 | $-0.37 | $-0.27 | $0.05 |
| Shares out. | 17.2M | 10.2M | 9.8M | 6.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −53.1%
- Net margin
- −354.6%
- Return on equity
- −8.0%
- Return on assets
- −8.0%
- Return on capital (ROCE)
- −1.2%
- Liabilities / assets
- 0.5%
- Debt / equity
- 0.01×
- Book value / share
- $12.20
- Revenue growth (YoY)
- 10.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 197.67safe
- Accruals / assets
- −7.3%clean
- Beneish M-Score
- -2.24normal
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 3 warning● 4 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Sep 29, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Bravemorning LtdActivist (13D)Apr 13, 2026
- Yong Rong (Hk) Asset Management LtdPassive (13G)Sep 10, 2025
- Brumder William GeorgePassive (13G)Aug 21, 2025
- Anson Funds Management LpPassive (13G)May 15, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Sun WeikeDirector | Aug 27, 2025 | Grant | 220.0M | $0.50 |
| Melton ChristopherDirector | Aug 22, 2025 | Sell | 15,000 | $5.06 |
| Miller Richard AOfficer — Chief Executive Officer | Aug 15, 2025 | Option exercise | 200,000 | $0.56 |
| Melton ChristopherDirector | Aug 14, 2025 | Option exercise | 46,818 | $0.56 |
| Mckinnon Douglas OOfficer — Chief Financial Officer | Aug 15, 2025 | Option exercise | 200,000 | $0.56 |
| Mckinnon Douglas OOfficer — Chief Financial Officer | Jul 1, 2025 | Sell | 20,000 | $6.63 |
| Miller Richard AOfficer — Chief Executive Officer | Jul 1, 2025 | Option exercise | 100,000 | $0.56 |
| Mckinnon Douglas OOfficer — Chief Financial Officer | Jun 23, 2025 | Option exercise | 100,000 | $0.56 |
| Mcdaniel-Hand Deborah LynnOfficer — VP of Production Development | Jun 23, 2025 | Sell | 100,000 | $9.41 |
| Miller Richard AOfficer — Chief Executive Officer | Jun 23, 2025 | Option exercise | 200,000 | $0.56 |
| Miller Richard AOfficer — Chief Executive Officer | Jun 20, 2025 | Sell | 10,000 | $11.35 |
| Mckinnon Douglas OOfficer — Chief Financial Officer | Jun 17, 2025 | Option exercise | 100,000 | $0.56 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 7.2M | 7.8 | -2.2% |
| Apr 30, 2026 | 7.3M | 8.9 | -5.4% |
| Apr 15, 2026 | 7.7M | 7.7 | +2.0% |
| Mar 31, 2026 | 7.6M | 2.8 | -5.1% |
| Mar 13, 2026 | 8.0M | 13.5 | -4.5% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Regulation FD disclosureMay 11, 2026
- Unregistered equity saleApr 8, 2026
- Director / officer changeApr 1, 2026
- Regulation FD disclosureFeb 12, 2026
- Regulation FD disclosureJan 23, 2026
- Entered a material agreement · Unregistered equity sale · Regulation FD disclosureDec 29, 2025
- Shareholder voteDec 18, 2025
- Regulation FD disclosureNov 12, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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