Toro (TORO) Financial Statements & Analysis

Toro (TORO) Income Statement

Toro reported revenue of $21.08M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 5.9% from $22.39M a year earlier. Net income was $5.93M, down 76.5% year over year, a net margin of 28.1%. Gross margin was 18.8% and operating margin -22.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $6.95M, up 71.3% from the same quarter a year earlier.

Toro Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Toro Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	21.08	22.39	22.39	22.30	15.64	29.26
Cost of Revenue	17.13	17.73	10.83	11.84	6.61	29.11
Gross Profit	3.95	4.67	11.50	10.41	9.02	0.15
Operating Expenses
Research & Development	0.00	0.00	-	0.00	0.00	0.00
Selling, General & Administrative	8.60	10.20	12.13	7.07	2.09	0.89
Operating Expenses	8.60	10.22	17.06	18.66	2.09	0.89
Operating Income	-4.65	-5.56	-5.56	-8.25	6.93	-0.73
Other Income/Expense
Interest Income	4.58	8.72	11.37	3.07	0.21	0.00
Interest Expense	0.07	0.23	-0.23	-0.03	0.95	0.60
Other Income/Expense	10.26	11.07	11.07	3.03	-0.01	-0.49
Income
Income Before Tax	5.61	5.51	5.51	11.23	6.92	-1.22
Income Tax Expense	0.00	0.00	-	0.05	0.00	0.21
Net Income	5.93	25.21	20.72	137.04	49.93	-1.43
Net Income - Continuous Operations	5.93	25.21	5.51	140.64	49.93	-1.43
Net Income - Discontinued Operations	0.32	-	19.70	129.46	43.01	-
EBITDA	10.62	10.64	-1.25	3.34	8.34	2.99
EBIT	-4.65	-	-5.56	-0.03	6.93	-0.84
Depreciation & Amortization	4.93	4.90	4.31	2.84	1.41	3.83
Earnings Per Share
Basic EPS	-	1.00	1.00	9.00	6.00	-
Diluted EPS	-	1.00	1.00	3.00	5.00	-
Basic Shares Outstanding	17.89	17.40	17.40	15.44	9.46	9.46
Diluted Shares Outstanding	17.89	17.40	17.40	48.66	9.46	9.46

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Toro Financial Statements

What was Toro's revenue in fiscal 2025?

Toro reported revenue of $21.08M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 5.9% from $22.39M a year earlier.

Is Toro profitable?

Yes. Toro earned net income of $5.93M in fiscal 2025, a net margin of 28.1%. In fiscal 2024 it earned $25.21M.

What is Toro's operating margin?

Toro's operating income was −$4.65M on revenue of $21.08M in fiscal 2025, an operating margin of -22.1%, compared with -24.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition