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Screener / SEC EDGAR /CIK 0001956744 /10-K filed Mar 25, 2026, compared with Mar 31, 2025 /Numbers from the XBRL of the 10-Ks
Crypto peers:
ASSTNAKADJTHYPDTRONSUIG
Nasdaq Crypto · Financial Services

Tron Inc. TRON

TRON quote by TradingView

Tron Inc. (formerly SRM Entertainment, Inc.), is a publicly traded company pioneering blockchain-integrated treasury strategies. 10-K, Item 1

Headquarters
Winter Park, FL
Compare with peers Embed

Where each dollar of revenue went, FY2022

Revenue of $6.1M through the costs to a net profit of $329K · income statement of the 10-K

6% operating margin
Revenue to Gross profit: $1.2MRevenue to Cost of revenue: $4.8MGross profit to Operating profit: $358KGross profit to Operating expenses: $873KOperating profit to Net profit: $329KOperating profit to Interest, tax, other: $29K Revenue: $6.1M REVENUE $6.1M Gross profit: $1.2M · 20% margin GROSS PROFIT $1.2M 20% margin Cost of revenue: $4.8M · 80% of revenue COST OF REVENUE $4.8M 80% of revenue Operating profit: $358K · 6% margin OPERATING PROFIT $358K 6% margin Operating expenses: $873K · 14% of revenue OPERATING EXPENSES $873K 14% of revenue Net profit: $329K · 5% margin NET PROFIT $329K 5% margin Interest, tax, other: $29K · 0% of revenue INTEREST, TAX, OTHER $29K 0% of revenue
Gross profit $1.2M 20% margin
Operating profit $358K 6% margin
Net profit $329K 5% margin
The full income statement, year by year

TRON among Crypto peers

Six ratios from the latest 10-K. Each corner is the share of 25 peers the company is above, not a score.

Compare
Revenue growth: 10.0%, above 36% of 25 peers (their median 38.2%) REVENUE GROWTH 10.0% · above 36% Gross margin: 25.7%, above 7% of 15 peers (their median 55.2%) GROSS MARGIN 25.7% · above 7% Operating margin: -42.3%, above 69% of 16 peers (their median -202.8%) OPERATING MARGIN -42.3% · above 69%
TRON Peer median Below the median

What changed

134 new risk paragraphs. 10-K filed Mar 25, 2026 against Mar 31, 2025.

Risk factors
134 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
9 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
4 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

9 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 9 checks found nothing to note

  • Receivables -15.4% vs revenue +10.0% (-25.4 pts)
  • Inventory -10.2% vs revenue +10.0% (-20.1 pts)
  • Same auditor in both 10-Ks: M&K CPAS, PLLC
6 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

134 paragraphs in Risk Factors that were not in the 10-K filed Mar 31, 2025. Quoted as filed.

All 134 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Mar 31, 2025 10-K, ITEM 1A
    We may face risks relating to the lack of the PCAOB inspection on our auditor, which may cause our securities to be delisted from a U.S. stock exchange or prohibited from being traded over-the-counter in the future under the Holding Foreign Companies Accountable Act, or the HFCAA, if the SEC determines that we have filed any annual…
  2. Item 1A · new paragraph · not in the 10-K filed Mar 31, 2025 10-K, ITEM 1A
    The Regulations on Mergers and Acquisitions of Domestic Companies by Foreign Investors, or the M&A Rules, adopted by six PRC regulatory agencies on August 8, 2006, and amended on June 22, 2009, requires an overseas special purpose vehicle formed for listing purposes through acquisitions of domestic companies in Mainland China and…

New risk paragraphs, against peers

Latest 10-K of each, Crypto companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$6.1M$5.8M$4.3M$4.7M
Net income$329K−$2.1M−$4.3M−$16.8M
Operating cash flow−$30K−$767K−$2.9M−$1.4M

Revenue, FY2022 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$4.7M ▲ 10.0% in FY2025

FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

4 filings in the last 30 days · SEC EDGAR

All filings

About the company

Tron Inc., Winter Park, FL · from the 10-K filed Mar 25, 2026

Tron Inc. (formerly SRM Entertainment, Inc.), is a publicly traded company pioneering blockchain-integrated treasury strategies. As the public company with the largest TRON (TRX) tokens holdings, the Company is committed to transparency, long-term value creation and the adoption of decentralized financial tools. In addition, through our wholly owned subsidiary, the Company designs, develops, and manufactures custom merchandise which includes toys and souvenirs for the world’s largest theme parks and other entertainment venues. Many of the Company’s products are based on award winning multi-billion-dollar entertainment franchises that are featured in popular movies and books.

Headquarters
Winter Park, FL
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Incorporated in
NV

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Sources

The 10-K filed Mar 25, 2026 (open at SEC), compared with the 10-K filed Mar 31, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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