Toro Corp. (TORO) Income Statement
TORO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTORO revenue and net income
Where TORO's revenue goes
2025Each bar shows an amount and its share of revenue. TORO kept 28.1% of revenue as net income.
TORO profit margins
TORO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −5.9% | +10.5% | — | — |
| Gross profit | −15.3% | −24.1% | — | — |
| Operating income | — | — | — | — |
| Net income | −76.5% | −50.8% | — | — |
| EPS (diluted) | −91.5% | −75.2% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TORO quarterly EPS vs estimates
TORO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $21.1M | $22.4M | $22.3M | $15.6M | $29.3M |
| Cost of revenue | $17.1M | $17.7M | $17.0M | $6.6M | $29.1M |
| Gross profit | $4.0M | $4.7M | $5.3M | $9.0M | $154,912 |
| Sales, general & admin | $8.6M | $10.2M | $5.4M | $2.1M | $889,096 |
| Total operating expenses | $8.6M | $10.2M | $5.4M | $2.1M | $889,096 |
| Operating income | −$4.6M | −$5.6M | −$26,033 | $6.9M | −$734,184 |
| Interest income | $4.6M | $8.7M | $2.9M | $202,612 | $652 |
| Interest expense | $68,116 | $230,531 | $31,815 | $948,613 | $598,096 |
| Income before taxes | $5.6M | $5.5M | $11.2M | $6.9M | −$1.2M |
| Income taxes | — | — | $47,071 | $960,181 | $206,174 |
| Net income | $5.9M | $25.2M | $140.6M | $49.9M | −$1.4M |
| EBITDA | $10.6M | $10.6M | $14.6M | $8.3M | $3.0M |
| EPS (diluted) | $0.04 | $0.47 | $8.27 | $2.62 | −$0.15 |
| Gross margin | 18.8% | 20.8% | 23.9% | 57.7% | 0.5% |
| Operating margin | −22.1% | −24.8% | −0.1% | 44.3% | −2.5% |
| Net margin | 28.1% | 112.6% | 630.5% | 319.3% | −4.9% |
| Sep '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.1M | $6.0M | $6.1M | $5.4M | $5.5M | $5.2M | $5.3M | $5.4M | $6.4M | $11.9M | $7.1M | $24.9M |
| Cost of revenue | $5.3M | $4.5M | $5.9M | $3.7M | $4.8M | $6.0M | $3.8M | $4.1M | $4.4M | $8.0M | $6.2M | $9.5M |
| Gross profit | $2.8M | $1.4M | $192,488 | $1.6M | $785,564 | −$767,855 | $1.5M | $1.4M | $2.1M | $3.9M | $825,708 | $15.4M |
| Sales, general & admin | — | $2.9M | $2.5M | $2.1M | $2.4M | $2.4M | $3.1M | $2.4M | $2.3M | $2.3M | $2.0M | $858,322 |
| Total operating expenses | $4.0M | $2.9M | $7.1M | $2.6M | $2.4M | $7.0M | $3.6M | $2.9M | $2.3M | −$22.5M | $2.0M | −$39.7M |
| Operating income | −$1.3M | −$1.5M | −$945,304 | −$943,474 | −$1.6M | −$1.7M | −$2.0M | −$1.5M | −$226,050 | $26.4M | −$1.1M | $55.1M |
| Interest income | — | — | — | — | — | $2.1M | $2.3M | $2.3M | $2.0M | $1.3M | $2.7M | $116,344 |
| Interest expense | — | — | — | — | $23,030 | $23,030 | $34,884 | $192,740 | $49,645 | $9,104 | $165,886 | $38,458 |
| Income before taxes | $648,689 | $529,409 | $1.4M | $1.3M | $1.5M | $997,459 | $951,546 | $1.1M | $2.4M | $28.3M | $252,229 | $55.5M |
| Income taxes | — | — | — | — | — | — | −$22,497 | $86,240 | $22,497 | $26,378 | $16,790 | $97,424 |
| Net income | $648,626 | $526,984 | $1.6M | $1.3M | $1.6M | $978,027 | $975,349 | $1.1M | $22.1M | $28.2M | $38.2M | $55.4M |
| EBITDA | $435,646 | $2.0M | $10.9M | $2.4M | $2.8M | $2.3M | $2.2M | $2.5M | $3.7M | $106.9M | $1.7M | $16.2M |
| EPS (diluted) | −$0.13 | −$0.02 | $0.04 | $0.00 | −$0.01 | −$0.01 | −$0.02 | −$0.01 | $0.51 | $0.60 | $1.92 | $3.29 |
| Gross margin | 34.6% | 23.9% | 3.2% | 30.6% | 14.2% | −14.7% | 29.0% | 25.2% | 32.0% | 33.1% | 11.7% | 61.9% |
| Operating margin | −15.5% | −24.8% | −15.5% | −17.5% | −28.9% | −33.2% | −38.5% | −28.5% | −3.5% | 221.6% | −16.1% | 221.5% |
| Net margin | 8.0% | 8.8% | 26.8% | 23.9% | 28.6% | 18.7% | 18.3% | 20.8% | 344.7% | 236.7% | 539.3% | 222.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TORO's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TORO financial results
In fiscal year 2025 (ended December 31, 2025), Toro reported revenue of $21.1 million, down 5.9% from the year before. It had net income of $5.9 million (down 76.5%), a net profit margin of 28.1%. Diluted earnings per share came to $0.04.
See the TORO stock overview for the latest quote and news, or the TORO chart for price history and technical indicators.
TORO income statement FAQ
What is Toro's annual revenue?
Toro reported total revenue of $21.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 5.9% from $22.4 million the previous year.
Is Toro profitable?
Yes. Toro reported net income of $5.9 million in fiscal 2025, a net profit margin of 28.1%; its operating margin was −22.1%.
What is Toro's gross margin?
Toro's gross margin was 18.8% in fiscal 2025: for every $100 of revenue, Toro kept $19 after the direct cost of its products and services.
What are Toro's earnings per share?
Toro earned $0.04 per diluted share in fiscal 2025, compared with $0.47 a year earlier.
When does Toro's fiscal year end?
Toro's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 15, 2026.