Ton Strategy Company outlined an expected $4 million to $5 million reduction in annual operating expenses from winding down legacy VERB operations, with the majority of savings becoming visible in the fourth quarter. CFO Sarah Olsen disclosed the figure during the Q2 2026 earnings call, noting that limited obligations will continue into next year. The company reported $15 million in total revenue for the quarter, up from $3 million in Q1, driven by staking output following TON's April network upgrade. Net income from continuing operations before taxes reached approximately $83.5 million, boosted by an $82.8 million non-cash gain from changes in the fair value of Gram holdings. CEO Kevin Wilson said the company has largely completed actions to discontinue VERB legacy operations and terminated its advisory services agreement with Kingsway Capital Partners.
Verb Technology Company IncWinding down legacy VERB operations reduces operating expenses but indicates discontinuation of that business.