Revenue
118 million uref_617564789
2026 Q2 · uref_617564789
Exact inputs and evidence
- Revenue: 118184895 uref_617564789 Source
Fundies. English
TOYO Co., Ltd
EDGARAnnual consolidated revenue for 2025: about USD 427.4M, using the latest reported figures. The previous period, 2024, was about USD 177M.
Latest quarter
- Cash and cash equivalents
- 103 million uref_617564789 Source
Exact value
103467022 uref_617564789
- Long-term debt including current maturities
- 13.7 million USD Source
Exact value
13700000 USD
- Shares outstanding
- 42.7 million uref_1009240903 Source
Exact value
42718948 uref_1009240903
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-06.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 3 of 11 periods available· newest 2025-12-31
- Operating income: 3 of 11 periods available· newest 2025-12-31
- Net income: 4 of 11 periods available· newest 2025-12-31
- Operating cash flow: 3 of 11 periods available· newest 2025-12-31
- Capital expenditure: 3 of 11 periods available· newest 2025-12-31
- Total assets: Multiple units; comparison withheld· newest 2025-12-31
- Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
- Current assets: Multiple units; comparison withheld· newest 2025-12-31
- Current liabilities: Multiple units; comparison withheld· newest 2025-12-31
- Cash and cash equivalents: 1 of 11 periods available· newest 2025-12-31
- long term debt: No compatible figures in this window
- Shares outstanding: Multiple units; comparison withheld· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+141.5%Prior period
USD 176.96 million
–
Current period
USD 427.38 million
–
Exact inputs and evidence
427383003 − 176957128 = 250425875 USD
176957128 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source427383003 USD · 2025-01-01 – 2025-12-31
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Net income
-2.3%Prior period
USD 40.61 million
–
Current period
USD 39.66 million
–
Exact inputs and evidence
39659898 − 40614170 = -954272 USD
40614170 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source39659898 USD · 2025-01-01 – 2025-12-31
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Operating cash flow
+186%Prior period
USD 46.51 million
–
Current period
USD 132.99 million
–
Exact inputs and evidence
132987931 − 46506740 = 86481191 USD
46506740 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source132987931 USD · 2025-01-01 – 2025-12-31
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Capital expenditure
+115.9%Prior period
USD 42.5 million
–
Current period
USD 91.75 million
–
Exact inputs and evidence
91752076 − 42501403 = 49250673 USD
42501403 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source91752076 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
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Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 427.38 million 100% of revenue
- Cost of revenue USD 331.05 million 77% of revenue
- Operating expenses USD 37.3 million 8.7% of revenue
- Operating income USD 59.04 million 14% of revenue
- Tax, interest and other Derived USD 19.38 million 4.5% of revenue
- Net income USD 39.66 million 9.3% of revenue
Cash
- Operating cash flow USD 132.99 million 31% of revenue
- Capital expenditure USD 91.75 million 21% of revenue
- Free cash flow Derived USD 41.24 million 9.6% of revenue
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2023 16%81%
- 2024 Net income was higher than operating income, so the split is not drawn.
- 2025 9.3%86%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2023 2023-01-01 – 2023-12-31 | 62377390 | 50390442 Derived | 11986948 | 2097793 Derived | 9889155 | -126642456 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 176957128 | 168097092 Derived | 8860036 | -31754134 Derived | 40614170 | 4005337 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 427383003 | 368345655 Derived | 59037348 | 19377450 Derived | 39659898 | 41235855 Derived | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 427.4M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2023 | Revenue | 62377390 |
|
| 2024 | Revenue | 176957128 |
|
| 2025 | Revenue | 427383003 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
141.5% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2023 | Year over year | No prior comparable period |
|
| 2024 | Year over year | 183.7% |
|
| 2025 | Year over year | 141.5% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 13.8% 2025
Net margin 9.3% 2025
Free cash flow margin 9.6% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2023 | Operating margin | 19.2% |
|
| 2024 | Operating margin | 5% |
|
| 2025 | Operating margin | 13.8% |
|
| 2023 | Net margin | 15.9% |
|
| 2024 | Net margin | 23% |
|
| 2025 | Net margin | 9.3% |
|
| 2023 | Free cash flow margin | -203% |
|
| 2024 | Free cash flow margin | 2.3% |
|
| 2025 | Free cash flow margin | 9.6% |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 133M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2023 | Operating cash flow | -12529017 |
|
| 2024 | Operating cash flow | 46506740 |
|
| 2025 | Operating cash flow | 132987931 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD 41.2M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2023 | Free cash flow | -126642456 |
|
| 2024 | Free cash flow | 4005337 |
|
| 2025 | Free cash flow | 41235855 |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2023-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2024-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2025-12-31 | Liabilities / assets | Not reported | No source recorded |
Current assets to current liabilities
Current assets divided by current liabilities.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2023-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2024-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2025-12-31 | Current assets / current liabilities | Not reported | No source recorded |
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2022 2022-01-01 – 2022-12-31 | −USD 186,839 Exact valueExact value: -186839 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Operating cash flow + Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 9.89 million Exact valueExact value: 9889155 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 12.53 million Exact valueExact value: -12529017 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 114.11 million Exact valueExact value: 114113439 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 126.64 million Calculation and evidence-12529017 − 114113439 USD Exact free cash flow: -126642456 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2024 2024-01-01 – 2024-12-31 | USD 40.61 million Exact valueExact value: 40614170 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 46.51 million Exact valueExact value: 46506740 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 42.5 million Exact valueExact value: 42501403 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 4.01 million Calculation and evidence46506740 − 42501403 USD Exact free cash flow: 4005337 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2025 2025-01-01 – 2025-12-31 | USD 39.66 million Exact valueExact value: 39659898 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 132.99 million Exact valueExact value: 132987931 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 91.75 million Exact valueExact value: 91752076 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 41.24 million Calculation and evidence132987931 − 91752076 USD Exact free cash flow: 41235855 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
38 filings · 609 latest values · 609 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001985273, 1985273, TOYO, edgar:1985273
Also known as TOYO Co., Ltd