TOYO Co. (TOYO) Cash Flow: Operating & Free Cash Flow

TOYO Co. Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for TOYO Co., Ltd. (TOYO) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021
Period ending	Mar 2026	Dec 2025	Dec 2024	Dec 2023	Jun 2023	Dec 2022	Jun 2022
Operating Activities
Net Income	37.15	37.15	40.50	9.89	2.18	-1.12	-0.25
Depreciation & Amortization	39.59	39.59	23.52	2.72	0.00	0.01	0.00
Deferred Income Tax	-0.18	-0.18	0.00	0.00	0.00	-	0.00
Stock Based Compensation	13.70	13.70	0.61	0.00	0.00	-	0.00
Change in Working Capital	38.35	38.35	13.88	-25.33	0.21	-32.60	0.05
Change in Accounts Receivable	6.60	6.60	-18.12	0.00	0.00	-	0.00
Change in Inventory	-63.36	-63.36	15.88	-40.73	0.00	-	0.00
Change in Accounts Payable	9.61	9.61	-0.55	10.75	0.00	4.79	0.00
Change in Other Working Capital	85.50	-26.63	-34.54	0.18	0.21	-37.39	0.05
Other Operating Activities	4.37	4.19	-34.54	0.18	-3.17	0.03	0.02
Net Cash from Operating Activities	132.99	132.99	46.51	-12.53	-0.78	-33.53	-0.18
Investing Activities
Capital Expenditures	-91.75	-91.75	-44.04	-114.24	0.00	-1.46	0.00
Acquisitions	-6.65	-6.65	0.00	0.00	0.00	-	0.00
Purchases of Investments	0.00	-	0.00	0.00	-1.37	-	-92.92
Sales/Maturities of Investments	0.00	-	0.00	0.00	27.41	-	0.00
Other Investing Activities	0.00	-6.65	0.00	0.00	0.00	-	0.00
Net Cash from Investing Activities	-98.40	-98.40	-44.04	-114.24	26.04	-1.46	-92.92
Financing Activities
Debt Repayment	5.44	-63.24	-77.64	105.61	1.87	-	0.00
Common Stock Issued	4.00	4.00	6.01	42.36	0.00	45.84	93.88
Common Stock Repurchased	0.00	-	0.00	0.00	-27.41	-	0.00
Other Financing Activities	-0.34	-0.34	-1.12	-1.82	0.00	-	-0.50
Net Cash from Financing Activities	9.10	9.10	-2.09	146.15	-25.53	45.84	93.38
Summary
Effect of Forex Changes on Cash	-1.97	-1.97	-2.22	-2.45	0.00	0.26	0.00
Net Change in Cash	41.71	41.71	-1.85	16.93	-0.28	12.39	0.28
Cash at Beginning of Period	17.15	17.15	19.00	2.07	0.28	-	0.00
Cash at End of Period	58.86	58.86	17.15	19.00	0.00	2.07	0.28
Free Cash Flow	41.24	41.24	2.46	-126.77	-0.78	-35.00	-0.18
Supplemental Disclosures
Interest Paid	-	1.95	3.32	-	-	-	-
Income Taxes Paid	-	-0.94	-	-	-	-	-

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

Frequently Asked Questions About TOYO Co. Cash Flow

What is TOYO Co.'s free cash flow?

TOYO Co. generated free cash flow of $41.24M in fiscal 2025 (fiscal year ended Mar 31, 2026), operating cash flow of $132.99M minus $91.75M of capital expenditures. That was up 1574.5% from $2.46M a year earlier. Free cash flow equaled 9.6% of revenue.

How much does TOYO Co. spend on capital expenditures?

TOYO Co. spent $91.75M on capital expenditures in fiscal 2025, compared with $44.04M a year earlier. That equals 69.0% of operating cash flow.

Does TOYO Co. pay dividends or buy back shares?

TOYO Co.'s cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

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