Toro Corp. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021
Revenue	78.47	111.89	29.26
Revenue Growth (YoY)	-29.87%	282.33%	-
Cost of Revenue	28.68	53.86	25.28
Gross Profit	49.79	58.02	3.99
Selling, General & Admin	5.36	2.09	0.89
Other Operating Expenses	-92.45	4.34	3.83
Operating Expenses	-87.1	6.43	4.72
Operating Income	136.88	51.59	-0.73
Interest Expense / Income	0.96	0.9	0.51
Other Expense / Income	-5.07	-0.2	-0.02
Pretax Income	140.99	50.89	-1.22
Income Tax	0.35	0.96	0.21
Net Income	140.64	49.93	-1.43
Preferred Dividends	3.6	0	0
Net Income Common	137.04	49.93	-1.43
Net Income Growth	174.49%	-	-
Shares Outstanding (Basic)	15	9	9
Shares Outstanding (Diluted)	49	43	9
Shares Change	14.02%	351.09%	-
EPS (Basic)	8.69	5.28	-0.15
EPS (Diluted)	2.87	1.17	-0.15
EPS Growth	145.30%	-	-
Free Cash Flow	156.83	53.33	-115.7
Free Cash Flow Per Share	10.15	5.64	-12.23
Gross Margin	63.45%	51.86%	13.63%
Operating Margin	174.44%	46.11%	-2.51%
Profit Margin	174.64%	44.62%	-4.89%
Free Cash Flow Margin	199.87%	47.66%	-395.37%
Effective Tax Rate	0.25%	1.89%	-
EBITDA	148.79	59.08	3.12
EBITDA Margin	189.62%	52.81%	10.65%
Depreciation & Amortization	6.84	7.29	3.83
EBIT	141.95	51.79	-0.72
EBIT Margin	180.90%	46.29%	-2.45%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).