TORO CORP. TORO
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.08
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $1.3M | $3.3M | $0 | $15.0M | — |
| SG&A | $8.6M | $10.2M | $5.4M | $2.1M | $889.1K | — |
| Total operating expenses | $25.7M | $28.0M | $14.1M | $8.7M | $30.0M | — |
| Operating income | -$4.6M | -$5.6M | $8.2M | $6.9M | -$734.2K | — |
| Interest expense | $68.1K | $230.5K | $31.8K | $14.1K | $506.0K | — |
| Pre-tax income | $5.6M | $5.5M | $11.2M | $6.9M | -$1.2M | — |
| Income tax | $0 | $0 | $47.1K | $0 | $206.2K | — |
| Net income | $5.9M | $25.2M | $140.6M | $49.9M | -$1.4M | — |
| EPS, basic | 0.08 | 1.09 | 8.69 | 5.28 | -0.15 | — |
| EPS, diluted | 0.08 | 1.09 | 2.87 | 1.17 | -0.15 | — |
| Shares, diluted (wtd. avg.) | 17.9M | 17.4M | 48.7M | 42.7M | 9.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $87.4M | $37.2M | $151.8M | $41.8M | $5.0M | $0 |
| Receivables | $69.9K | $416.3K | $1.4M | $10.6M | $4.1M | — |
| Inventory | $200.4K | $195.0K | $172.7K | $893.6K | $3.1M | — |
| Total current assets | $96.3M | $55.3M | $165.1M | $54.8M | $12.6M | — |
| Property, plant and equipment | $96.2M | $72.8M | $77.0M | $92.5M | $108.1M | — |
| Total assets | $331.3M | $326.4M | $308.1M | $157.5M | $124.0M | — |
| Accounts payable | $1.1M | $770.8K | $1.7M | $1.6M | $505.6K | — |
| Total current liabilities | $41.9M | $4.7M | $7.9M | $6.5M | $6.9M | — |
| Long-term debt | — | — | $5.2M | $13.1M | $16.0M | — |
| Retained earnings | $104.3M | $140.4M | $119.7M | -$32 | — | — |
| Total equity | $163.6M | $199.0M | $176.7M | $140.5M | $104.0M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$6.3M | $10.8M | $4.7M | $7.1M | -$4.4M | — |
| Depreciation and amortisation | $4.9M | $4.9M | $3.4M | $1.4M | $3.8M | — |
| Stock-based compensation | $3.6M | $5.3M | $1.3M | $0 | $0 | — |
| Capital expenditure | $66.8M | $119.3K | $72.2M | $295.7K | $111.3M | — |
| Investing cash flow | $67.8M | -$155.1M | -$105.0M | -$295.7K | -$111.3M | — |
| Financing cash flow | -$11.3M | -$5.1M | $14.3M | -$13.5M | $121.4M | — |
| Buybacks | $0 | $3.7M | $1.0M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014706.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Capital expenditure
- Receivables
- Total current liabilities
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Capital expenditure | — | $111.3M | $295.7K | $72.2M | $119.3K | $66.8M |
| Receivables | — | $4.1M | $10.6M | $1.4M | $416.3K | $69.9K |
| Total current liabilities | — | $6.9M | $6.5M | $7.9M | $4.7M | $41.9M |
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