Toro Corp. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	21.51	22.39	22.3	15.64	29.26
Revenue Growth (YoY)	-60.39%	0.40%	42.63%	-46.56%	-
Cost of Revenue	11.09	10.83	11.84	4.5	23.27
Gross Profit	10.43	11.57	10.47	11.14	5.99
Selling, General & Admin	12.27	12.13	7.07	2.76	2.74
Other Operating Expenses	0.07	0.07	0.06	0.04	0.15
Operating Expenses	17.36	17.12	10.49	4.21	6.72
Operating Income	-6.93	-5.56	-0.03	6.93	-0.73
Interest Expense	-0.23	-0.23	-0.03	-0.01	-0.48
Interest & Investment Income	11.78	11.37	3.07	0	0
Currency Exchange Gain (Loss)	-0.02	-0.02	-0.01	-0	0.02
Other Non Operating Income (Expenses)	0	-	-	-	-0.03
EBT Excluding Unusual Items	4.6	5.56	3	6.92	-1.22
Gain (Loss) on Sale of Investments	-0.03	-0.05	-	-	-
Gain (Loss) on Sale of Assets	-	-	8.23	-	-
Pretax Income	4.57	5.51	11.23	6.92	-1.22
Income Tax Expense	-0.02	-	0.05	-	0.21
Earnings From Continuing Operations	4.6	5.51	11.18	6.92	-1.43
Earnings From Discontinued Operations	0.07	19.7	129.46	43.01	-
Net Income	4.67	25.21	140.64	49.93	-1.43
Preferred Dividends & Other Adjustments	6.19	6.17	6.4	-	-
Net Income to Common	-1.52	19.03	134.24	49.93	-1.43
Net Income Growth	-96.69%	-82.08%	181.69%	-	-
Shares Outstanding (Basic)	17	17	15	9	9
Shares Outstanding (Diluted)	17	17	49	43	9
Shares Change (YoY)	-60.25%	-64.24%	14.02%	351.09%	-
EPS (Basic)	-0.09	1.09	8.69	5.28	-0.15
EPS (Diluted)	-0.09	1.09	2.87	1.17	-0.15
EPS Growth	-	-61.97%	145.88%	-	-
Free Cash Flow	13.7	14.44	-16.09	41.24	-115.7
Free Cash Flow Per Share	0.79	0.83	-0.33	0.97	-12.23
Gross Margin	48.47%	51.64%	46.92%	71.23%	20.47%
Operating Margin	-32.22%	-24.82%	-0.12%	44.32%	-2.51%
Profit Margin	-7.08%	85.00%	601.83%	319.27%	-4.89%
Free Cash Flow Margin	63.67%	64.50%	-72.15%	263.74%	-395.37%
EBITDA	-2.5	-1.25	2.81	8.34	3.1
EBITDA Margin	-11.61%	-5.58%	12.60%	53.31%	10.59%
D&A For EBITDA	4.43	4.31	2.84	1.41	3.83
EBIT	-6.93	-5.56	-0.03	6.93	-0.73
EBIT Margin	-32.22%	-24.82%	-0.12%	44.32%	-2.51%
Effective Tax Rate	-	-	0.42%	-	-
Revenue as Reported	21.51	22.39	22.3	15.64	29.26

Updated Jul 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q