Toro Corp. (TORO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 5.96M | 6.11M | 5.38M | 4.06M | 5.54M | 5.23M | 5.32M | 5.43M | 6.42M | 11.92M | 7.07M | 24.86M | 31.15M | 38.03M | 31.25M | 25.78M | 16.83M | 14.05M |
| Revenue Growth % | 7.66% | 16.81% | 1.11% | -25.24% | -13.72% | -56.15% | -24.82% | -78.17% | -79.39% | -68.64% | -77.36% | -3.57% | 85.11% | 170.66% | - | - | - | - |
| Cost of Goods Sold | 4.54M | 5.92M | 3.73M | 2.18M | 4.75M | 6M | 3.78M | 4.06M | 4.36M | 7.97M | 6.25M | 9.48M | 8.39M | 11.66M | 12.38M | 19.46M | 14.98M | 11.92M |
| COGS % of Revenue | 76.12% | 96.85% | 69.4% | 53.84% | 85.82% | 114.69% | 71.04% | 74.85% | 67.96% | 66.88% | 88.33% | 38.15% | 26.94% | 30.67% | 39.63% | 75.48% | 88.98% | 84.88% |
| Gross Profit | 1.42M | 192.49K | 1.65M | 1.87M | 785.56K | -767.86K | 1.54M | 1.37M | 2.06M | 3.95M | 825.71K | 15.38M | 22.76M | 26.36M | 18.87M | 6.32M | 1.85M | 2.12M |
| Gross Margin % | 23.88% | 3.15% | 30.6% | 46.16% | 14.18% | -14.69% | 28.96% | 25.15% | 32.04% | 33.12% | 11.67% | 61.85% | 73.06% | 69.33% | 60.37% | 24.52% | 11.02% | 15.12% |
| Gross Profit Growth % | 81.3% | 125.07% | 6.85% | 37.21% | -61.81% | -119.44% | 86.52% | -91.12% | -90.96% | -85.02% | -95.62% | 143.25% | 1127.07% | 1141.01% | - | - | - | - |
| Operating Expenses | 2.9M | 1.14M | 2.59M | 3.03M | 2.39M | 965.63K | 3.59M | 2.91M | 2.28M | -22.47M | 1.97M | -39.69M | 716.53K | 1.02M | 150.81K | 364.86K | 286.42K | 359.66K |
| OpEx % of Revenue | 48.68% | 18.63% | 48.15% | 74.76% | 43.08% | 18.47% | 67.5% | 53.67% | 35.56% | -188.46% | 27.82% | -159.67% | 2.3% | 2.69% | 0.48% | 1.42% | 1.7% | 2.56% |
| Selling, General & Admin | 2.9M | 2.54M | 2.11M | 2.01M | 2.39M | 2.4M | 3.1M | 2.44M | 2.26M | 2.28M | 1.97M | 858.32K | 983.26K | 756.21K | 1.43M | 353.71K | 286.44K | 359.66K |
| SG&A % of Revenue | 48.68% | 41.58% | 39.19% | 49.48% | 43.08% | 45.97% | 58.23% | 44.96% | 35.17% | 19.16% | 27.82% | 3.45% | 3.16% | 1.99% | 4.57% | 1.37% | 1.7% | 2.56% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 481.8K | 1000K | 0 | -1000K | 492.66K | 472.75K | 25.37K | -1000K | 0 | -1000K | -266.73K | 266.73K | -1000K | 11.15K | -22 | 0 |
| Operating Income | -1.48M | -945.3K | -943.47K | -1.16M | -1.6M | -1.73M | -2.05M | -1.55M | -226.05K | 26.42M | -1.14M | 55.07M | 22.04M | 25.34M | 18.72M | 5.97M | 1.57M | 1.76M |
| Operating Margin % | -24.8% | -15.48% | -17.55% | -28.6% | -28.9% | -33.15% | -38.54% | -28.52% | -3.52% | 221.58% | -16.15% | 221.52% | 70.76% | 66.64% | 59.89% | 23.15% | 9.32% | 12.56% |
| Operating Income Growth % | 7.61% | 45.47% | 53.97% | 25.04% | -608.03% | -106.56% | -79.4% | -102.81% | -101.03% | 4.26% | -106.1% | 822.81% | 1305.48% | 1335.96% | - | - | - | - |
| EBITDA | -40.66K | 525.01K | 214.16K | -134.66K | -319.65K | -424.02K | -777.03K | -385.12K | 930.26K | 27.8M | 179.1K | 56.8M | 24.1M | 27.19M | 20.59M | 7.73M | 3.38M | 3.33M |
| EBITDA Margin % | -0.68% | 8.6% | 3.98% | -3.32% | -5.77% | -8.11% | -14.61% | -7.1% | 14.49% | 233.16% | 2.53% | 228.48% | 77.36% | 71.52% | 65.87% | 29.98% | 20.07% | 23.7% |
| EBITDA Growth % | 87.28% | 223.82% | 127.56% | 65.04% | -134.36% | -101.53% | -533.86% | -100.68% | -96.14% | 2.23% | -99.13% | 634.78% | 613.56% | 716.69% | - | - | - | - |
| D&A (Non-Cash Add-back) | 1.44M | 1.47M | 1.16M | 1.03M | 1.28M | 1.31M | 1.27M | 1.16M | 1.16M | 1.38M | 1.32M | 1.73M | 2.06M | 1.85M | 1.87M | 1.76M | 1.81M | 1.57M |
| EBIT | 529.41K | 9.39M | 1.27M | 1.43M | 1.48M | 1.02M | 916.66K | 1.34M | 2.47M | 105.53M | 418.12K | 14.51M | 22.4M | 25.48M | 15.5M | 5.96M | 1.57M | 1.72M |
| Net Interest Income | 0 | 0 | 0 | 1.37M | 1.81M | 2.06M | 2.34M | 2.07M | 2.02M | 981.71K | 817.12K | 424.2K | 117.76K | -56.3K | -215.5K | -203.37K | -183.61K | -140.51K |
| Interest Income | 0 | 0 | 0 | 1.37M | 1.81M | 2.08M | 2.31M | 2.26M | 2.07M | 990.81K | 983.01K | 424.2K | 435.43K | 176.07K | 0 | 0 | 0 | 330 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 23.03K | -34.88K | 192.74K | 49.65K | 9.1K | 165.89K | 0 | 317.67K | 232.37K | 215.5K | 203.37K | 183.61K | 140.84K |
| Other Income/Expense | 2.01M | 2.38M | 2.21M | 2.59M | 3.08M | 2.73M | 3M | 2.69M | 2.65M | 1.83M | 1.39M | 412.85K | 107.76K | -97.02K | -211.02K | -214.52K | -183.59K | -187.23K |
| Pretax Income | 529.41K | 1.43M | 1.27M | 1.43M | 1.48M | 997.46K | 951.55K | 1.14M | 2.42M | 28.25M | 252.23K | 55.48M | 22.15M | 25.24M | 18.51M | 5.75M | 1.38M | 1.58M |
| Pretax Margin % | 8.88% | 23.42% | 23.64% | 35.2% | 26.77% | 19.08% | 17.89% | 21.05% | 37.7% | 236.95% | 3.57% | 223.18% | 71.11% | 66.39% | 59.21% | 22.32% | 8.23% | 11.23% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | -22.5K | 0 | 22.5K | 26.38K | 16.79K | 97.42K | 193.2K | 162.37K | 317.33K | 328.71K | 151.76K | 93.63K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | -2.36% | 0% | 0.93% | 0.09% | 6.66% | 0.18% | 0.87% | 0.64% | 1.71% | 5.71% | 10.96% | 5.94% |
| Net Income | 526.98K | 1.64M | 1.29M | 1.43M | 1.59M | 978.03K | 975.35K | 1.13M | 22.13M | 28.23M | 38.15M | 55.38M | 21.96M | 25.08M | 18.19M | 5.42M | 1.23M | 1.48M |
| Net Margin % | 8.84% | 26.77% | 23.94% | 35.16% | 28.62% | 18.7% | 18.34% | 20.76% | 344.69% | 236.73% | 539.32% | 222.79% | 70.49% | 65.96% | 58.2% | 21.04% | 7.33% | 10.56% |
| Net Income Growth % | -66.75% | 67.19% | 31.97% | 26.64% | -92.84% | -96.54% | -97.44% | -97.97% | 0.77% | 12.54% | 109.77% | 921.05% | 1680.77% | 1590.28% | - | - | - | - |
| Net Income (Continuing) | 529.41K | 1.43M | 1.27M | 1.43M | 1.48M | 997.46K | 974.04K | 1.14M | 2.4M | 28.23M | 235.44K | 55.38M | 21.96M | 25.08M | 18.19M | 5.42M | 1.23M | 1.48M |
| Discontinued Operations | -2.42K | 204.88K | 15.74K | -1.59K | 102.36K | -19.43K | 1.31K | 0 | 1000K | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.03 | 0.04 | 0.01 | 0.08 | 0.03 | -0.01 | -0.01 | 0.00 | 1.29 | 1.61 | 1.92 | 3.02 | 2.29 | 2.65 | 1.92 | 0.57 | 0.13 | 0.16 |
| EPS Growth % | -215.59% | - | - | - | -97.96% | -100.37% | -100.47% | -99.97% | -43.67% | -39.25% | 0% | 429.82% | 1661.54% | 1556.25% | - | - | - | - |
| EPS (Basic) | -0.03 | 0.04 | 0.01 | 0.08 | 0.02 | -0.01 | -0.01 | 0.00 | 1.11 | 1.66 | 1.92 | 3.02 | 2.29 | 2.65 | 1.92 | 0.57 | 0.13 | 0.16 |
| Diluted Shares Outstanding | 18.23M | 18.23M | 17.64M | 17.64M | 17.64M | 17.65M | 17.11M | 17.09M | 17.74M | 18.47M | 19.2M | 17.96M | 9.46M | 9.46M | 9.46M | 9.46M | 9.46M | 9.46M |
| Basic Shares Outstanding | 18.23M | 18.23M | 17.91M | 17.65M | 17.65M | 17.65M | 17.11M | 17.7M | 17.74M | 17.95M | 19.2M | 17.96M | 9.46M | 9.46M | 9.46M | 9.46M | 9.46M | 9.46M |
| Dividend Payout Ratio | 1756.27% | - | - | - | - | - | - | 31.06% | 0.14% | 0.07% | - | 0.27% | - | - | - | - | - | - |