Toro (TORO) Cash Flow: Operating & Free Cash Flow

Toro Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Toro Corp. (TORO) - 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
Operating Activities
Net Income	5.93	5.51	25.21	140.64	49.93	-1.43
Depreciation & Amortization	4.93	4.90	4.90	7.39	7.29	3.83
Stock Based Compensation	3.59	5.31	5.31	1.27	0.00	0.00
Change in Working Capital	-15.92	-3.55	-3.55	6.77	-12.85	-6.91
Change in Accounts Receivable	-0.73	0.96	0.96	7.01	-6.78	-4.10
Change in Inventory	-0.08	-0.02	-0.02	0.63	2.24	-3.14
Change in Accounts Payable	0.53	-0.98	-0.98	1.61	1.30	0.05
Change in Other Working Capital	-18.96	-3.51	-1.48	-2.48	-9.61	-0.74
Other Operating Activities	-1.43	2.39	-1.48	-99.95	-2.84	0.09
Net Cash from Operating Activities	-6.25	14.56	14.56	56.13	41.54	-4.42
Investing Activities
Capital Expenditures	-66.77	-0.13	-0.12	-72.24	-0.85	-111.29
Acquisitions	0.00	0.00	-	0.00	12.64	0.00
Purchases of Investments	-3.91	-5.18	-5.18	0.00	0.00	0.00
Sales/Maturities of Investments	60.10	0.27	0.25	0.00	0.00	0.00
Other Investing Activities	40.36	-117.53	32.49	122.94	0.00	0.00
Net Cash from Investing Activities	67.79	-122.57	-122.57	50.71	11.79	-111.29
Financing Activities
Debt Repayment	0.00	0.00	-	-7.99	-3.05	-1.70
Common Stock Issued	0.00	0.00	-	18.65	-14.15	105.46
Common Stock Repurchased	-0.34	-3.73	-3.73	-1.05	0.00	0.00
Dividends Paid	-1.40	-1.40	-1.40	-0.85	0.00	0.00
Other Financing Activities	-10.36	-5.26	-5.26	-2.48	0.69	-0.40
Net Cash from Financing Activities	-11.31	-10.39	-10.39	6.27	-16.51	121.37
Summary
Net Change in Cash	50.22	-118.39	-118.39	113.11	36.82	5.66
Cash at Beginning of Period	37.20	155.59	155.59	42.48	5.66	0.00
Cash at End of Period	87.42	37.20	37.20	155.59	42.48	5.66
Free Cash Flow	-73.02	14.44	14.44	-16.11	40.69	-115.70
Supplemental Disclosures
Interest Paid	-	-	-	-	-	0.35

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

Frequently Asked Questions About Toro Cash Flow

What is Toro's free cash flow?

Toro had negative free cash flow of $73.02M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$6.25M minus $66.77M of capital expenditures.

How much does Toro spend on capital expenditures?

Toro spent $66.77M on capital expenditures in fiscal 2025, compared with $129.05K a year earlier.

Does Toro pay dividends or buy back shares?

Yes. In fiscal 2025 Toro returned $1.40M in dividends and $343.38K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition