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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	20.14	22.39	22.3	15.64	29.26
Revenue Growth (YoY)	-	0.40%	42.63%	-46.56%	-
Cost of Revenue	10.37	10.83	11.84	4.5	23.27
Gross Profit	9.77	11.57	10.47	11.14	5.99
Selling, General & Admin	11.36	12.13	7.07	2.76	2.74
Other Operating Expenses	0.07	0.07	0.06	0.04	0.15
Operating Expenses	16.32	17.12	10.49	4.21	6.72
Operating Income	-6.54	-5.56	-0.03	6.93	-0.73
Interest Expense	-0.11	-0.23	-0.03	-0.01	-0.48
Interest & Investment Income	11.51	11.37	3.07	0	0
Currency Exchange Gain (Loss)	0.02	-0.02	-0.01	-0	0.02
Other Non Operating Income (Expenses)	-	-	-	-	-0.03
EBT Excluding Unusual Items	4.87	5.56	3	6.92	-1.22
Gain (Loss) on Sale of Investments	-0.01	-0.05	-	-	-
Gain (Loss) on Sale of Assets	-	-	8.23	-	-
Pretax Income	4.86	5.51	11.23	6.92	-1.22
Income Tax Expense	-0.02	-	0.05	-	0.21
Earnings From Continuing Operations	4.88	5.51	11.18	6.92	-1.43
Earnings From Discontinued Operations	0.08	19.7	129.46	43.01	-
Net Income	4.97	25.21	140.64	49.93	-1.43
Preferred Dividends & Other Adjustments	4.74	6.17	6.4	-	-
Net Income to Common	0.23	19.03	134.24	49.93	-1.43
Net Income Growth	-94.26%	-82.08%	181.69%	-	-
Shares Outstanding (Basic)	18	17	15	9	9
Shares Outstanding (Diluted)	53	17	49	43	9
Shares Change (YoY)	92.54%	-64.24%	14.02%	351.09%	-
EPS (Basic)	0.01	1.09	8.69	5.28	-0.15
EPS (Diluted)	0.01	1.09	2.87	1.17	-0.15
EPS Growth	-99.72%	-61.97%	145.88%	-	-
Free Cash Flow	-38.43	14.44	-16.09	41.24	-115.7
Free Cash Flow Per Share	-0.72	0.83	-0.33	0.97	-12.23
Gross Margin	48.51%	51.64%	46.92%	71.23%	20.47%
Operating Margin	-32.49%	-24.82%	-0.12%	44.32%	-2.51%
Profit Margin	1.12%	85.00%	601.83%	319.27%	-4.89%
Free Cash Flow Margin	-190.77%	64.50%	-72.15%	263.74%	-395.37%
EBITDA	-2.55	-1.25	2.81	8.34	3.1
EBITDA Margin	-12.64%	-5.58%	12.60%	53.31%	10.59%
D&A For EBITDA	4	4.31	2.84	1.41	3.83
EBIT	-6.54	-5.56	-0.03	6.93	-0.73
EBIT Margin	-32.49%	-24.82%	-0.12%	44.32%	-2.51%
Effective Tax Rate	-	-	0.42%	-	-
Revenue as Reported	20.14	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