Toro Corp. cash flow statement

In fiscal 2025, Toro Corp.'s operations generated −$6.3m of cash; it spent $66.8m on capital projects, leaving free cash flow of −$73.1m.

Cash flow statement

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

Toro Corp.: cash flow statement, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−4	42	56	11	−6
Depreciation and amortisation	4	1	3	5	5
Stock-based pay	0	0	1	5	4
Capital spending	111	0	72	0	67
Free cash flow	−116	41	−16	11	−73
Free cash flow after stock pay	−116	41	−17	5	−77
Share buybacks	0	0	1	4	0
Shares issued	0	0	19	0	0

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.