TOYO Co., Ltd (TOYO) Income Statement
TOYO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTOYO revenue and net income
Where TOYO's revenue goes
2025Each bar shows an amount and its share of revenue. TOYO kept 9.3% of revenue as net income.
TOYO profit margins
TOYO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +141.5% | — | — | — |
| Gross profit | +339.9% | — | — | — |
| Operating income | +566.3% | — | — | — |
| Net income | −2.1% | — | — | — |
| EPS (diluted) | +24.1% | +200.0% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TOYO quarterly EPS vs estimates
TOYO beat the analyst EPS estimate in 4 of the last 5 quarters. Next report: November 18, 2026 (estimate $0.31).
TOYO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $427.4M | $177.0M | $62.4M | $0 | $0 |
| Cost of revenue | $331.0M | $155.1M | $45.7M | $0 | — |
| Gross profit | $96.3M | $21.9M | $16.6M | $0 | — |
| Sales, general & admin | $37.3M | $12.2M | $4.3M | $1.1M | — |
| Total operating expenses | $37.3M | $13.0M | $4.6M | $187,422 | $381,305 |
| Operating income | $59.0M | $8.9M | $12.0M | −$187,422 | −$381,305 |
| Interest expense | $3.3M | $3.3M | $3.3M | — | — |
| Income before taxes | $52.5M | $41.3M | $9.9M | −$186,839 | −$246,892 |
| Income taxes | $15.4M | $781,238 | $4.4M | −$96 | — |
| Net income | $39.7M | $40.5M | $9.9M | −$186,839 | −$246,892 |
| EBITDA | $95.4M | $68.1M | $15.9M | −$185,763 | −$246,892 |
| EPS (diluted) | $1.08 | $0.87 | $0.22 | $0.04 | −$0.02 |
| Gross margin | 22.5% | 12.4% | 26.7% | — | — |
| Operating margin | 13.8% | 5.0% | 19.2% | — | — |
| Net margin | 9.3% | 22.9% | 15.9% | — | — |
| Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $118.2M | $142.8M | $144.1M | $69.6M | $69.6M | $19.4M | $69.0M | $69.0M | $31.2M | $31.2M | $0 | $0 |
| Cost of revenue | $81.2M | $95.0M | $107.5M | $58.0M | $58.0M | $21.8M | $55.7M | $55.7M | $22.9M | $22.9M | — | — |
| Gross profit | $37.0M | $47.8M | $36.6M | $11.5M | $11.5M | −$2.4M | $13.3M | $13.3M | $8.3M | $8.3M | — | — |
| Sales, general & admin | $14.4M | $10.2M | $11.9M | $5.4M | $5.4M | $4.1M | $2.0M | $2.0M | $1.3M | $1.3M | $878,234 | $878,234 |
| Total operating expenses | $14.4M | $11.5M | $11.9M | $6.7M | $6.7M | $4.4M | $2.1M | $2.1M | $1.4M | $1.4M | $878,234 | $878,234 |
| Operating income | $22.6M | $36.3M | $24.7M | $4.8M | $4.8M | −$6.8M | $11.2M | $11.2M | $6.9M | $6.9M | −$878,234 | −$878,234 |
| Interest income | $278,102 | — | — | — | — | — | — | — | — | — | — | — |
| Interest expense | — | $785,260 | $770,835 | $888,518 | $888,518 | $748,492 | $883,831 | — | — | — | — | — |
| Income before taxes | $21.4M | $33.9M | $23.4M | $2.9M | $2.9M | $10.9M | $9.8M | $9.8M | $5.9M | $5.9M | −$961,130 | −$961,130 |
| Income taxes | $4.0M | $5.5M | $6.0M | $1.6M | $1.6M | $390,619 | — | — | −$1.3M | −$1.3M | −$5,137 | −$5,137 |
| Net income | $17.4M | $28.4M | $18.1M | $1.7M | $1.7M | $10.5M | $9.8M | $9.8M | $5.9M | $5.9M | −$961,130 | −$961,130 |
| EBITDA | $22.6M | $47.4M | $38.4M | $9.9M | $9.9M | $17.4M | $16.5M | $15.6M | $7.2M | $7.2M | −$955,994 | −$955,993 |
| EPS (diluted) | $0.45 | $0.75 | — | $0.10 | $0.68 | — | $0.48 | $0.03 | $0.04 | $0.06 | $0.06 | $0.07 |
| Gross margin | 31.3% | 33.5% | 25.4% | 16.6% | 16.6% | −12.2% | 19.3% | 19.3% | 26.7% | 26.7% | — | — |
| Operating margin | 19.1% | 25.4% | 17.1% | 7.0% | 7.0% | −35.0% | 16.3% | 16.3% | 22.0% | 22.0% | — | — |
| Net margin | 14.7% | 19.9% | 12.6% | 2.5% | 2.5% | 53.9% | 14.2% | 14.2% | 18.9% | 18.9% | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TOYO's financial statements (latest annual report filed April 1, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TOYO financial results
In fiscal year 2025 (ended December 31, 2025), TOYO reported revenue of $427.4 million, up 141.5% from the year before. It had net income of $39.7 million (down 2.1%), a net profit margin of 9.3%. Diluted earnings per share came to $1.08.
See the TOYO stock overview for the latest quote and news, or the TOYO chart for price history and technical indicators.
TOYO income statement FAQ
What is TOYO's annual revenue?
TOYO reported total revenue of $427.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 141.5% from $177.0 million the previous year.
Is TOYO profitable?
Yes. TOYO reported net income of $39.7 million in fiscal 2025, a net profit margin of 9.3%; its operating margin was 13.8%.
What is TOYO's gross margin?
TOYO's gross margin was 22.5% in fiscal 2025: for every $100 of revenue, TOYO kept $23 after the direct cost of its products and services.
What are TOYO's earnings per share?
TOYO earned $1.08 per diluted share in fiscal 2025, compared with $0.87 a year earlier.
When will TOYO report its next earnings?
TOYO is expected to report results for the quarter ending September 30, 2026 on November 18, 2026.
When does TOYO's fiscal year end?
TOYO's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 1, 2026.