Toro Corp. (TORO) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	21.5M	21.1M	22.4M	22.3M	15.6M
Cost of Revenue	16.4M	17.1M	17.7M	17.0M	6.6M
Gross Profit	5.1M	4.0M	4.7M	5.3M	9.0M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	9.6M	8.6M	10.2M	5.4M	2.1M
General & Admin Expense	9.6M	8.6M	10.2M	5.4M	2.1M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	105.9K	—	25.4K	—	—
Total Operating Expenses	9.7M	8.6M	10.2M	5.4M	2.1M
Cost and Expenses	26.0M	25.7M	28.0M	22.3M	8.7M
Operating Income (EBIT)	(4.5M)	(4.6M)	(5.6M)	(26.0K)	6.9M
Non-Operating
Interest Income	1.4M	4.6M	8.7M	2.1M	212.9K
Interest Expense	—	68.1K	230.5K	31.8K	948.6K
Net Interest Income	1.4M	4.5M	8.5M	2.0M	(735.7K)
Other Non-Op Income/Expense	9.2M	10.3M	11.1M	11.3M	(11.4K)
Non-Operating Income (excl Interest)	(17.1M)	(10.3M)	(11.3M)	(11.3M)	(2.7K)
EBT (Pre-Tax Income)	4.7M	5.6M	5.5M	11.2M	6.9M
Income Tax Expense	—	—	—	47.1K	—
Bottom Line
Net Income	4.9M	5.9M	25.2M	140.6M	49.9M
Earnings from Cont. Ops	4.7M	5.6M	5.5M	11.2M	6.9M
Earnings from Discont. Ops	216.6K	321.4K	19.7M	129.5M	43.0M
Bottom Line Net Income	1.4M	1.3M	19.0M	139.7M	49.9M
Per Share
Basic EPS	$0.09	$0.08	$1.09	$9.05	$5.55
Diluted EPS	$0.09	$0.08	$1.09	$7.56	$5.28
Revenue Per Share	$1.18	$1.18	$1.29	$1.44	$1.65
Shares
Basic Shares Outstanding	18.2M	17.9M	17.4M	15.4M	9.5M
Diluted Shares Outstanding	18.2M	17.9M	17.4M	18.5M	9.5M
Profitability Metrics
EBITDA	17.7M	10.6M	10.6M	14.6M	8.3M
D&A	5.1M	4.9M	4.9M	3.4M	1.4M
EBIT	12.6M	5.7M	5.7M	11.3M	6.9M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026