Toro Corp. balance sheet

At the end of fiscal 2025, Toro Corp. had total assets of $331m and shareholders' equity of $164m. It held $87.4m in cash against $0 of debt: net cash of $87.4m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Toro Corp.: balance sheet, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	5	42	152	37	87
Receivables	4	11	1	0	0
Inventory	3	1	0	0	0
Total current assets	13	55	165	55	96
Total assets	124	157	308	326	331
Accounts payable	1	2	2	1	1
Deferred revenue (current)	1	0	0	1	1
Total current liabilities	7	7	8	5	42
Long-term debt	16	13	5	—	—
Total debt	16	13	5	—	0
Shareholders' equity	104	140	177	199	164
Net debt (negative = net cash)	11	−29	−147	−37	−87
Shares outstanding	—	—	—	19m	21m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Toro Corp.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Toro Corp.