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Side-by-side financial comparison of Edible Garden AG Inc (EDBL) and TON Strategy Co (TONX). Click either name above to swap in a different company.
TON Strategy Co is the larger business by last-quarter revenue ($5.7M vs $4.1M, roughly 1.4× Edible Garden AG Inc). On growth, TON Strategy Co posted the faster year-over-year revenue change (694.2% vs 6.6%). Edible Garden AG Inc produced more free cash flow last quarter ($-2.8M vs $-8.0M). Over the past eight quarters, TON Strategy Co's revenue compounded faster (46.1% CAGR vs 14.8%).
Edible Garden AG Inc is a U.S.-based sustainable agricultural company specializing in hydroponically grown fresh organic herbs, leafy greens, and specialty vegetables. It distributes its pesticide-free produce to leading grocery retailers, food service operators, and direct-to-consumer platforms across North America, prioritizing eco-friendly, low-water farming practices.
EDBL vs TONX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $5.7M |
| Net Profit | — | $-227.9M |
| Gross Margin | -29.0% | 64.3% |
| Operating Margin | -138.6% | -159.2% |
| Net Margin | — | -3968.6% |
| Revenue YoY | 6.6% | 694.2% |
| Net Profit YoY | — | -7047.9% |
| EPS (diluted) | $-109.97 | $-3.89 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $4.1M | $5.7M | ||
| Q3 25 | $2.8M | $3.6M | ||
| Q2 25 | $3.1M | $2.1M | ||
| Q1 25 | $2.7M | $1.3M | ||
| Q4 24 | $3.9M | $723.0K | ||
| Q3 24 | $2.6M | — | ||
| Q2 24 | $4.3M | — | ||
| Q1 24 | $3.1M | — |
| Q4 25 | — | $-227.9M | ||
| Q3 25 | $-4.0M | $84.3M | ||
| Q2 25 | $-4.0M | $-2.4M | ||
| Q1 25 | $-3.3M | $-2.6M | ||
| Q4 24 | $-3.1M | $-3.2M | ||
| Q3 24 | $-2.1M | — | ||
| Q2 24 | $-1.9M | — | ||
| Q1 24 | $-4.0M | — |
| Q4 25 | -29.0% | 64.3% | ||
| Q3 25 | 9.7% | 75.4% | ||
| Q2 25 | 20.2% | 71.2% | ||
| Q1 25 | 3.2% | 73.4% | ||
| Q4 24 | 0.6% | 81.5% | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 36.7% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | -138.6% | -159.2% | ||
| Q3 25 | -126.3% | -601.5% | ||
| Q2 25 | -114.2% | -138.2% | ||
| Q1 25 | -107.7% | -203.8% | ||
| Q4 24 | -70.8% | -513.1% | ||
| Q3 24 | -57.7% | — | ||
| Q2 24 | -27.7% | — | ||
| Q1 24 | -123.3% | — |
| Q4 25 | — | -3968.6% | ||
| Q3 25 | -143.6% | 2336.8% | ||
| Q2 25 | -128.5% | -111.9% | ||
| Q1 25 | -122.3% | -196.5% | ||
| Q4 24 | -79.5% | -440.9% | ||
| Q3 24 | -79.8% | — | ||
| Q2 24 | -45.3% | — | ||
| Q1 24 | -127.0% | — |
| Q4 25 | $-109.97 | $-3.89 | ||
| Q3 25 | $1.38 | $2.23 | ||
| Q2 25 | $-6.58 | $-1.79 | ||
| Q1 25 | $-2.47 | $-2.51 | ||
| Q4 24 | $-330.78 | $10.41 | ||
| Q3 24 | $16.32 | — | ||
| Q2 24 | $-30.02 | — | ||
| Q1 24 | $-341.14 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $39.5M |
| Total DebtLower is stronger | $1.7M | — |
| Stockholders' EquityBook value | $12.5M | $406.5M |
| Total Assets | $20.6M | $411.2M |
| Debt / EquityLower = less leverage | 0.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $39.5M | ||
| Q3 25 | — | $53.9M | ||
| Q2 25 | — | $10.4M | ||
| Q1 25 | — | $12.2M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.7M | — | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $2.0M | — | ||
| Q1 25 | $2.4M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $12.5M | $406.5M | ||
| Q3 25 | $12.9M | $639.1M | ||
| Q2 25 | $1.6M | $19.4M | ||
| Q1 25 | $1.9M | $14.6M | ||
| Q4 24 | $4.1M | $16.2M | ||
| Q3 24 | $3.3M | — | ||
| Q2 24 | $511.0K | — | ||
| Q1 24 | $-4.1M | — |
| Q4 25 | $20.6M | $411.2M | ||
| Q3 25 | $20.1M | $661.9M | ||
| Q2 25 | $21.8M | $23.7M | ||
| Q1 25 | $8.5M | $18.4M | ||
| Q4 24 | $11.9M | $20.6M | ||
| Q3 24 | $8.9M | — | ||
| Q2 24 | $9.9M | — | ||
| Q1 24 | $6.3M | — |
| Q4 25 | 0.13× | — | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.7M | $-8.0M |
| Free Cash FlowOCF − Capex | $-2.8M | $-8.0M |
| FCF MarginFCF / Revenue | -66.8% | -139.3% |
| Capex IntensityCapex / Revenue | 2.3% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.4M | $-20.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.7M | $-8.0M | ||
| Q3 25 | $-2.4M | $-9.4M | ||
| Q2 25 | $-3.4M | $-2.3M | ||
| Q1 25 | $-3.3M | $-1.1M | ||
| Q4 24 | $-1.8M | $-1.9M | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $-4.6M | — | ||
| Q1 24 | $-1.1M | — |
| Q4 25 | $-2.8M | $-8.0M | ||
| Q3 25 | $-2.8M | $-9.4M | ||
| Q2 25 | $-3.5M | $-2.3M | ||
| Q1 25 | $-3.4M | $-1.1M | ||
| Q4 24 | $-1.9M | $-2.0M | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-1.1M | — |
| Q4 25 | -66.8% | -139.3% | ||
| Q3 25 | -98.9% | -261.4% | ||
| Q2 25 | -110.8% | -107.8% | ||
| Q1 25 | -125.5% | -87.0% | ||
| Q4 24 | -48.6% | -279.9% | ||
| Q3 24 | -43.4% | — | ||
| Q2 24 | -110.2% | — | ||
| Q1 24 | -35.6% | — |
| Q4 25 | 2.3% | 0.1% | ||
| Q3 25 | 14.5% | 0.4% | ||
| Q2 25 | 1.7% | 0.1% | ||
| Q1 25 | 2.9% | 5.1% | ||
| Q4 24 | 3.3% | 22.1% | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 1.8% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.11× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EDBL
| Herbs Produce Floral | $3.6M | 86% |
| Other | $576.0K | 14% |
TONX
| Market Live | $4.8M | 83% |
| Other | $960.0K | 17% |
