Toro Corp. income statement

In fiscal 2025, Toro Corp. reported revenue of $21.1m, down 5.9% on the year before, operating income of −$4.6m (a -22.1% margin) and net income of $5.9m, or $0.08 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Toro Corp.: income statement, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	29	16	22	22	21
General and administrative	1	2	5	10	9
Operating income	−1	7	8	−6	−5
Interest expense	1	1	1	0	0
Income before tax	−1	7	11	6	6
Income tax	0	0	0	0	0
Net income	−1	50	141	25	6
Diluted EPS	−$0.15	$1.17	$2.87	$1.09	$0.08
Diluted shares (average)	9m	43m	49m	17m	18m
EBITDA	3	8	12	−1	0

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.