NASDAQ : TORO
Toro Corp. — Financial statements
Energy · Oil & Gas Midstream · Cyprus
Last price 4.42 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 139.58M
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Financial statements
Toro Corp. (TORO) reported revenue of 24.40M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 24.40M | 21.08M | 22.39M | 22.30M | 15.64M | 29.26M |
| Cost of Revenue | 10.94M | 10.32M | 10.83M | 11.84M | 4.50M | 23.27M |
| Gross Profit | 13.46M | 10.77M | 11.57M | 10.47M | 11.14M | 5.99M |
| Selling, General & Admin | 12.32M | 10.41M | 12.13M | 7.07M | 2.76M | 2.74M |
| Other Operating Expenses | 73.83K | 70.83K | 66.39K | 59.30K | 41.93K | 147.57K |
| Operating Expenses | 17.91M | 15.42M | 17.12M | 10.49M | 4.21M | 6.72M |
| Operating Income | -4.45M | -4.65M | -5.56M | -26.03K | 6.93M | -734.18K |
| Interest Expense | -487.40K | -68.12K | -230.53K | -31.82K | -14.07K | -477.98K |
| Interest & Investment Income | 8.71M | 10.24M | 11.37M | 3.07M | 4.55K | 652.00 |
| Currency Exchange Gain (Loss) | -18.91K | 35.35K | -21.02K | -14.98K | -1.86K | 15.33K |
| Other Non Operating Income (Expenses) | -28.04K | |||||
| EBT Excluding Unusual Items | 3.76M | 5.56M | 5.56M | 3.00M | 6.92M | -1.22M |
| Gain (Loss) on Sale of Investments | 30.06K | 55.00K | -48.54K | |||
| Gain (Loss) on Sale of Assets | 8.23M | |||||
| Pretax Income | 3.79M | 5.61M | 5.51M | 11.23M | 6.92M | -1.22M |
| Income Tax Expense | 47.07K | 206.17K | ||||
| Earnings From Continuing Operations | 3.79M | 5.61M | 5.51M | 11.18M | 6.92M | -1.43M |
| Earnings From Discontinued Operations | 218.14K | 321.39K | 19.70M | 129.46M | 43.01M | |
| Net Income | 4.01M | 5.93M | 25.21M | 140.64M | 49.93M | -1.43M |
| Preferred Dividends & Other Adjustments | 7.54M | 4.62M | 6.17M | 6.40M | ||
| Net Income to Common | -3.53M | 1.31M | 19.03M | 134.24M | 49.93M | -1.43M |
| Shares Outstanding (Basic) | 21.97M | 17.89M | 17.40M | 15.44M | 9.46M | 9.46M |
| Shares Outstanding (Diluted) | 21.97M | 17.89M | 17.40M | 48.66M | 42.68M | 9.46M |
| EPS (Basic) | -0.16 | 0.07 | 1.09 | 8.69 | 5.28 | -0.15 |
| EPS (Diluted) | -0.27 | 0.07 | 1.09 | 2.87 | 1.17 | -0.15 |
| Free Cash Flow | -53.55M | -73.02M | 14.44M | -16.09M | 41.24M | -115.70M |
| Free Cash Flow Per Share | -2.44 | -4.08 | 0.83 | -0.33 | 0.97 | -12.23 |
| Gross Margin | 55.18% | 51.07% | 51.64% | 46.92% | 71.23% | 20.47% |
| Operating Margin | -18.23% | -22.06% | -24.82% | -0.12% | 44.32% | -2.51% |
| Profit Margin | -14.48% | 6.24% | 85.00% | 601.83% | 319.27% | -4.89% |
| Free Cash Flow Margin | -219.47% | -346.35% | 64.50% | -72.15% | 263.74% | -395.37% |
| EBITDA | 372.86K | -211.67K | -1.25M | 3.34M | 8.34M | 3.10M |
| EBITDA Margin | 1.53% | -1.00% | -5.58% | 14.97% | 53.31% | 10.59% |
| D&A For EBITDA | 4.82M | 4.44M | 4.31M | 3.36M | 1.41M | 3.83M |
| EBIT | -4.45M | -4.65M | -5.56M | -26.03K | 6.93M | -734.18K |
| EBIT Margin | -18.23% | -22.06% | -24.82% | -0.12% | 44.32% | -2.51% |
| Effective Tax Rate | 0.42% | |||||
| Revenue as Reported | 24.40M | 21.08M | 22.39M | 22.30M | 15.64M | 29.26M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 79.12M | 87.42M | 37.19M | 151.76M | 41.78M | 4.96M |
| Short-Term Investments | 209.49K | 226.57K | ||||
| Cash & Short-Term Investments | 79.12M | 87.63M | 37.42M | 151.76M | 41.78M | 4.96M |
| Accounts Receivable | 456.64K | 69.90K | 416.30K | 1.40M | 10.62M | 4.10M |
| Receivables | 456.64K | 69.90K | 10.78M | 1.40M | 10.62M | 4.10M |
| Inventory | 249.04K | 200.40K | 194.98K | 172.72K | 893.57K | 3.14M |
| Prepaid Expenses | 697.84K | 548.77K | 291.83K | 1.11M | 915.24K | 402.50K |
| Other Current Assets | 6.84M | 7.86M | 6.59M | 10.69M | 558.33K | 25.34K |
| Total Current Assets | 87.38M | 96.30M | 55.27M | 165.14M | 54.76M | 12.63M |
| Property, Plant & Equipment | 93.51M | 96.18M | 72.77M | 77.03M | 92.49M | 108.09M |
| Long-Term Investments | 9.18M | 8.57M | 4.65M | |||
| Long-Term Deferred Charges | 2.16M | 1.84M | 1.08M | 178.70K | 2.62M | 868.92K |
| Other Long-Term Assets | 129.52M | 128.46M | 102.64M | 65.76M | 7.61M | 2.46M |
| Total Assets | 321.75M | 331.35M | 326.41M | 308.10M | 157.48M | 124.05M |
| Accounts Payable | 1.21M | 1.13M | 770.83K | 1.75M | 1.64M | 505.63K |
| Accrued Expenses | 1.15M | 849.00K | 982.64K | 459.58K | 2.27M | 2.96M |
| Current Portion of Long-Term Debt | 2.61M | 2.93M | ||||
| Current Unearned Revenue | 219.58K | 768.78K | 984.00K | 310.00K | 547.94K | |
| Other Current Liabilities | 1.61M | 39.19M | 1.96M | 5.34M | ||
| Total Current Liabilities | 4.19M | 41.94M | 4.70M | 7.86M | 6.52M | 6.95M |
| Long-Term Debt | 10.46M | 13.07M | ||||
| Other Long-Term Liabilities | 3.90M | |||||
| Total Liabilities | 4.19M | 41.94M | 4.70M | 11.76M | 16.98M | 20.02M |
| Common Stock | 34.56K | 21.47K | 19.09K | 19.02K | 140.50M | 104.03M |
| Additional Paid-In Capital | 113.03M | 59.30M | 58.61M | 57.24M | ||
| Retained Earnings | 77.06M | 104.27M | 140.42M | 119.70M | -32.00 | |
| Treasury Stock | -223.84K | |||||
| Comprehensive Income & Other | -1.00 | |||||
| Total Common Equity | 190.13M | 163.60M | 199.05M | 176.74M | 140.50M | 104.03M |
| Shareholders' Equity | 317.56M | 289.41M | 321.71M | 296.34M | 140.50M | 104.03M |
| Total Liabilities & Equity | 321.75M | 331.35M | 326.41M | 308.10M | 157.48M | 124.05M |
| Total Debt | 13.07M | 16.00M | ||||
| Net Cash (Debt) | 79.12M | 87.63M | 37.42M | 151.76M | 28.71M | -11.04M |
| Net Cash Per Share | 3.60 | 4.90 | 2.15 | 3.12 | 0.67 | -1.17 |
| Filing Date Shares Outstanding | 31.58M | 25.61M | 17.65M | 17.26M | 9.46M | 9.46M |
| Total Common Shares Outstanding | 31.58M | 18.23M | 17.65M | 17.74M | 9.46M | |
| Working Capital | 83.19M | 54.37M | 50.58M | 157.28M | 48.24M | 5.69M |
| Book Value Per Share | 6.02 | 8.97 | 11.27 | 9.96 | 11.00 | |
| Tangible Book Value | 190.13M | 163.60M | 199.05M | 176.74M | 140.50M | 104.03M |
| Tangible Book Value Per Share | 6.02 | 8.97 | 11.27 | 9.96 | 11.00 | |
| Machinery | 102.18M | 102.17M | 80.41M | 80.36M | 102.12M | 111.75M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 4.01M | 5.93M | 25.21M | 140.64M | 49.93M | -1.43M |
| Depreciation & Amortization | 4.82M | 4.44M | 4.31M | 3.36M | 1.41M | 3.83M |
| Other Amortization | 736.33K | 496.55K | 592.86K | 94.79K | ||
| Loss (Gain) From Sale of Assets | -8.23M | |||||
| Loss (Gain) From Sale of Investments | -45.45K | -92.69K | 60.01K | |||
| Stock-Based Compensation | 5.08M | 3.59M | 5.31M | 1.27M | ||
| Provision & Write-off of Bad Debts | 25.37K | |||||
| Other Operating Activities | -1.27M | -1.34M | -19.72M | -129.46M | -43.01M | |
| Change in Accounts Receivable | -456.64K | -726.95K | 961.65K | -726.35K | -238.32K | -4.10M |
| Change in Inventory | -127.45K | -81.35K | -22.27K | -1.40K | -76.92K | -3.14M |
| Change in Accounts Payable | -255.66K | 526.46K | -978.03K | 1.22M | 502.85K | 47.83K |
| Change in Unearned Revenue | -790.42K | -215.22K | 674.00K | 310.00K | 547.94K | |
| Change in Other Net Operating Assets | -4.39M | -18.88M | -5.65M | -3.73M | -1.43M | -269.32K |
| Operating Cash Flow | 7.81M | -6.25M | 14.56M | 56.13M | 41.54M | -4.42M |
| Capital Expenditures | -61.35M | -66.77M | -119.30K | -72.22M | -295.69K | -111.29M |
| Sale of Property, Plant & Equipment | 38.00M | 38.00M | 17.19M | |||
| Investment in Securities | -4.21M | -3.81M | -54.93M | -50.00M | ||
| Other Investing Activities | 1.00 | 100.36M | -67.51M | 155.73M | 12.08M | |
| Investing Cash Flow | -27.57M | 67.79M | -122.57M | 50.71M | 11.79M | -111.29M |
| Short-Term Debt Issued | 786.00K | |||||
| Long-Term Debt Issued | 18.00M | |||||
| Total Debt Issued | 15.79M | 786.00K | 18.00M | |||
| Long-Term Debt Repaid | -1.70M | |||||
| Net Debt Issued (Repaid) | 786.00K | 786.00K | 16.30M | |||
| Issuance of Common Stock | 18.86M | 105.46M | ||||
| Repurchase of Common Stock | -343.94K | -343.38K | -3.73M | -1.05M | -13.46M | |
| Preferred Dividends Paid | -1.40M | -1.40M | -1.40M | -851.67K | ||
| Dividends Paid | -1.40M | -1.40M | -1.40M | -851.67K | ||
| Other Financing Activities | -690.00K | -10.36M | -5.26M | -10.69M | -3.05M | -395.05K |
| Financing Cash Flow | -14.71M | -11.31M | -10.39M | 6.27M | -16.51M | 121.37M |
| Net Cash Flow | -34.47M | 50.22M | -118.39M | 113.11M | 36.82M | 5.66M |
| Free Cash Flow | -53.55M | -73.02M | 14.44M | -16.09M | 41.24M | -115.70M |
| Free Cash Flow Margin | -219.47% | -346.35% | 64.50% | -72.15% | 263.74% | -395.37% |
| Free Cash Flow Per Share | -2.44 | -4.08 | 0.83 | -0.33 | 0.97 | -12.23 |
| Levered Free Cash Flow | -56.96M | -14.77M | -1.16M | -64.06M | 13.63K | |
| Unlevered Free Cash Flow | -56.70M | -14.72M | -1.02M | -64.04M | 22.42K | |
| Cash Interest Paid | 348.80K | |||||
| Change in Working Capital | -6.02M | -19.37M | -5.01M | -2.93M | -1.25M | -6.91M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 136.11M | 105.78M | 49.61M | 88.37M | ||
| Enterprise Value | 56.99M | 205.75M | -20.91M | 109.63M | ||
| Last Close Price | 4.31 | 2.39 | 0.88 | 1.55 | ||
| PE Ratio | 80.46 | 2.61 | 0.66 | |||
| PS Ratio | 5.58 | 5.02 | 2.21 | 3.96 | ||
| PB Ratio | 0.72 | 0.36 | 0.15 | 0.30 | ||
| P/TBV Ratio | 0.72 | 0.65 | 0.25 | 0.50 | ||
| P/FCF Ratio | 3.43 | |||||
| P/OCF Ratio | 17.43 | 3.41 | 1.57 | |||
| EV/Sales Ratio | 2.34 | 9.76 | 4.92 | |||
| EV/EBITDA Ratio | 152.85 | 32.84 | ||||
| Debt / Equity Ratio | 0.09 | 0.15 | ||||
| Debt / EBITDA Ratio | 1.57 | 5.16 | ||||
| Debt / FCF Ratio | 0.32 | |||||
| Net Debt / Equity Ratio | -0.25 | -0.30 | -0.12 | -0.51 | -0.20 | 0.11 |
| Net Debt / EBITDA Ratio | -212.19 | 413.98 | 29.96 | -45.46 | -3.44 | 3.56 |
| Net Debt / FCF Ratio | 1.48 | 1.20 | -2.59 | 9.43 | -0.70 | -0.10 |
| Asset Turnover | 0.07 | 0.06 | 0.07 | 0.10 | 0.11 | |
| Inventory Turnover | 59.01 | 52.19 | 58.90 | 22.21 | 2.23 | |
| Quick Ratio | 19.00 | 2.09 | 8.06 | 19.49 | 8.04 | 1.30 |
| Current Ratio | 20.86 | 2.30 | 11.77 | 21.01 | 8.40 | 1.82 |
| Return on Equity (ROE) | 1.19% | 1.84% | 1.78% | 5.12% | 5.66% | |
| Return on Assets (ROA) | -0.86% | -0.88% | -1.09% | -0.01% | 3.08% | |
| Return on Invested Capital (ROIC) | -1.87% | -1.91% | -2.59% | -0.02% | 6.11% | -0.64% |
| Return on Capital Employed (ROCE) | -1.40% | -1.60% | -1.70% | 0.00% | 4.60% | -0.60% |
| Earnings Yield | -6.18% | 5.61% | 50.81% | 159.15% | ||
| FCF Yield | -39.34% | -69.03% | 29.12% | -18.21% | ||
| Payout Ratio | 23.59% | 5.55% | 0.61% | |||
| Buyback Yield / Dilution | 58.68% | -2.80% | 64.24% | -14.02% | -351.09% |