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Side-by-side financial comparison of QUICKLOGIC Corp (QUIK) 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 $5.7M, roughly 1.0× QUICKLOGIC Corp). QUICKLOGIC Corp runs the higher net margin — -5.4% vs -3968.6%, a 3963.2% gap on every dollar of revenue. On growth, TON Strategy Co posted the faster year-over-year revenue change (694.2% vs -24.1%). QUICKLOGIC Corp produced more free cash flow last quarter ($-1.2M vs $-8.0M). Over the past eight quarters, TON Strategy Co's revenue compounded faster (46.1% CAGR vs 17.2%).
QuickLogic Corp is a fabless semiconductor company developing low-power customizable FPGAs, embedded FPGA IP, and edge sensor processing solutions. Its offerings serve global wearables, IoT, mobile electronics, and industrial markets, enabling energy-efficient low-latency on-device processing for edge AI and sensing use cases.
QUIK vs TONX — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.7M | $5.7M |
| Net Profit | $-305.0K | $-227.9M |
| Gross Margin | 62.7% | 64.3% |
| Operating Margin | 2.6% | -159.2% |
| Net Margin | -5.4% | -3968.6% |
| Revenue YoY | -24.1% | 694.2% |
| Net Profit YoY | -114.9% | -7047.9% |
| EPS (diluted) | $-0.02 | $-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 | — | $5.7M | ||
| Q3 25 | — | $3.6M | ||
| Q2 25 | — | $2.1M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | $5.7M | $723.0K | ||
| Q3 24 | $4.2M | — | ||
| Q2 24 | $4.1M | — | ||
| Q1 24 | $5.7M | — |
| Q4 25 | — | $-227.9M | ||
| Q3 25 | — | $84.3M | ||
| Q2 25 | — | $-2.4M | ||
| Q1 25 | — | $-2.6M | ||
| Q4 24 | $-305.0K | $-3.2M | ||
| Q3 24 | $-2.1M | — | ||
| Q2 24 | $-1.6M | — | ||
| Q1 24 | $108.0K | — |
| Q4 25 | — | 64.3% | ||
| Q3 25 | — | 75.4% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 73.4% | ||
| Q4 24 | 62.7% | 81.5% | ||
| Q3 24 | 59.1% | — | ||
| Q2 24 | 54.7% | — | ||
| Q1 24 | 67.1% | — |
| Q4 25 | — | -159.2% | ||
| Q3 25 | — | -601.5% | ||
| Q2 25 | — | -138.2% | ||
| Q1 25 | — | -203.8% | ||
| Q4 24 | 2.6% | -513.1% | ||
| Q3 24 | -38.1% | — | ||
| Q2 24 | -29.3% | — | ||
| Q1 24 | 2.3% | — |
| Q4 25 | — | -3968.6% | ||
| Q3 25 | — | 2336.8% | ||
| Q2 25 | — | -111.9% | ||
| Q1 25 | — | -196.5% | ||
| Q4 24 | -5.4% | -440.9% | ||
| Q3 24 | -49.8% | — | ||
| Q2 24 | -37.8% | — | ||
| Q1 24 | 1.9% | — |
| Q4 25 | — | $-3.89 | ||
| Q3 25 | — | $2.23 | ||
| Q2 25 | — | $-1.79 | ||
| Q1 25 | — | $-2.51 | ||
| Q4 24 | $-0.02 | $10.41 | ||
| Q3 24 | $-0.14 | — | ||
| Q2 24 | $-0.11 | — | ||
| Q1 24 | $0.01 | — |
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 | $3.1M | — |
| Stockholders' EquityBook value | $24.9M | $406.5M |
| Total Assets | $51.9M | $411.2M |
| Debt / EquityLower = less leverage | 0.12× | — |
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 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1M | — | ||
| Q3 24 | $3.4M | — | ||
| Q2 24 | $1.2M | — | ||
| Q1 24 | $1.4M | — |
| Q4 25 | — | $406.5M | ||
| Q3 25 | — | $639.1M | ||
| Q2 25 | — | $19.4M | ||
| Q1 25 | — | $14.6M | ||
| Q4 24 | $24.9M | $16.2M | ||
| Q3 24 | $20.9M | — | ||
| Q2 24 | $21.8M | — | ||
| Q1 24 | $22.2M | — |
| Q4 25 | — | $411.2M | ||
| Q3 25 | — | $661.9M | ||
| Q2 25 | — | $23.7M | ||
| Q1 25 | — | $18.4M | ||
| Q4 24 | $51.9M | $20.6M | ||
| Q3 24 | $49.7M | — | ||
| Q2 24 | $47.5M | — | ||
| Q1 24 | $51.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.06× | — |
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 | $116.0K | $-8.0M |
| Free Cash FlowOCF − Capex | $-1.2M | $-8.0M |
| FCF MarginFCF / Revenue | -20.6% | -139.3% |
| Capex IntensityCapex / Revenue | 22.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.4M | $-20.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-8.0M | ||
| Q3 25 | — | $-9.4M | ||
| Q2 25 | — | $-2.3M | ||
| Q1 25 | — | $-1.1M | ||
| Q4 24 | $116.0K | $-1.9M | ||
| Q3 24 | $-16.0K | — | ||
| Q2 24 | $-220.0K | — | ||
| Q1 24 | $147.0K | — |
| Q4 25 | — | $-8.0M | ||
| Q3 25 | — | $-9.4M | ||
| Q2 25 | — | $-2.3M | ||
| Q1 25 | — | $-1.1M | ||
| Q4 24 | $-1.2M | $-2.0M | ||
| Q3 24 | $-83.0K | — | ||
| Q2 24 | $-4.2M | — | ||
| Q1 24 | $62.0K | — |
| Q4 25 | — | -139.3% | ||
| Q3 25 | — | -261.4% | ||
| Q2 25 | — | -107.8% | ||
| Q1 25 | — | -87.0% | ||
| Q4 24 | -20.6% | -279.9% | ||
| Q3 24 | -2.0% | — | ||
| Q2 24 | -102.2% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | 22.6% | 22.1% | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 96.9% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.11× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.36× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QUIK
| North America | $3.0M | 53% |
| Other | $2.7M | 47% |
TONX
| Market Live | $4.8M | 83% |
| Other | $960.0K | 17% |
