Toro Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $21.1M | $22.4M | $22.3M | $15.6M | $29.3M |
| Cost of Revenue | — | — | — | — | — |
| Gross Profit | — | — | — | — | — |
| Gross Margin | — | — | — | — | — |
| Operating Expenses | |||||
| Research & Development | — | — | — | — | — |
| SG&A Expense | $8.6M | $10.2M | $5.4M | $2.1M | $889.1K |
| Operating Income | $-4.6M | $-5.6M | $8.2M | $6.9M | $-734.2K |
| Operating Margin | -22.1% | -24.8% | 36.8% | 44.3% | -2.5% |
| Interest Expense | — | — | $964.3K | $902.6K | $506.0K |
| Pretax Income | $5.6M | $5.5M | $11.2M | $6.9M | $-1.2M |
| Income Tax Expense | $0 | $0 | $47.1K | $0 | $206.2K |
| Net Income | $5.9M | $25.2M | $140.6M | $49.9M | $-1.4M |
| Net Margin | 28.1% | 112.6% | 630.5% | 319.3% | -4.9% |
| EPS (Basic) | $0.08 | $1.09 | $8.69 | $5.28 | $-0.03 |
| EPS (Diluted) | $0.08 | $1.09 | $2.87 | $1.17 | $-0.03 |
| Shares Outstanding (Basic) | 17.9M | 17.4M | 15.4M | 9.5M | 47.3M |
| Shares Outstanding (Diluted) | 17.9M | 17.4M | 48.7M | 42.7M | 47.3M |
| Dividends Per Share | — | — | — | — | — |