TORO (TORO) financial statements
TORO reported revenue of $0 in fiscal 2025, down 55.6% a year over 3 years.
Net income was $6M.
Free cash flow was -$73M.
The diluted share count rose 89% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TORO's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $15M | $0 | $3M | $1M | $0 |
| Selling, general and admin | $889,096 | $2M | $5M | $10M | $9M |
| Operating income | -$734,184 | $7M | $8M | -$6M | -$5M |
| Interest expense | $506,012 | $902,604 | $964,253 | $230,531 | $68,116 |
| Pre-tax income | -$1M | $7M | $11M | $6M | $6M |
| Income tax | $206,174 | $0 | $47,071 | $0 | $0 |
| Net income | -$1M | $50M | $141M | $25M | $6M |
| EPS (diluted) | -$0.15 | $1.17 | $2.87 | $1.09 | $0.08 |
| Diluted shares | 9M | 43M | 49M | 17M | 18M |
| Operating margin | -4.9% | — | 252.1% | -424.1% | — |
| Net margin | -9.5% | — | 4322.8% | 1923.8% | — |
Balance sheet
Fiscal years, from TORO's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $5M | $42M | $152M | $37M | $87M |
| Receivables | $4M | $11M | $1M | $416,300 | $69,900 |
| Inventory | $3M | $893,569 | $172,716 | $194,981 | $200,395 |
| Total current assets | $13M | $55M | $165M | $55M | $96M |
| Property, plant and equipment | $108M | $92M | $77M | $73M | $96M |
| Total assets | $124M | $157M | $308M | $326M | $331M |
| Total current liabilities | $7M | $7M | $8M | $5M | $42M |
| Total liabilities | $20M | $17M | $131M | $127M | $168M |
| Shareholders' equity | $104M | $140M | $177M | $199M | $164M |
| Net debt | -$5M | -$42M | -$152M | -$37M | -$87M |
Cash flow
Fiscal years, from TORO's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$4M | $42M | $56M | $11M | -$6M |
| Capital spending | $111M | $295,692 | $72M | $119,304 | $67M |
| Free cash flow | -$116M | $41M | -$16M | $11M | -$73M |
| Stock-based compensation | $0 | $0 | $1M | $5M | $4M |
| Share buybacks (net) | $0 | $0 | -$1M | -$4M | $0 |
| Net borrowing | $18M | $0 | $0 | — | — |
| Free cash flow margin | -771.3% | — | -494.6% | 813.6% | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TORO.
Open TORO in InvestinglyQuestions
What was TORO's revenue in 2025?
$0 in fiscal 2025, from its 10-K filing.
How much free cash flow does TORO generate?
-$73M in fiscal 2025 (operating cash flow minus capital spending).
From TORO's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.