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TOYO Co., Ltd
CIK 1985273Updated Sep 27, 2026
TOYO price & chart
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NASDAQ:TOYO on TradingView ↗In the news
TOYO Co., Ltd. Acquires Remaining 24.99% Interest in TOYO Solar LLC News provided by TOYO Co., Ltd Dec 08, 2025, 08:30 ET Share this article Share to X Share this article Share to X TOKYO , Dec. 8, 2025 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO ) (OTC: TOYWF), ("TOYO" or the "Company"), a solar s ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 441,433,821Source | 239,799,700Source | 238,283,010Source |
| Property, Plant and Equipment, NetUSD | 220,648,149Source | 129,039,494Source | 142,781,558Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 13,654,445Source | 18,035,405Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 11,253,459Source | 6,913,996Source | — |
| Inventory, NetUSD | 79,986,077Source | 19,984,094Source | 39,999,992Source |
| Assets, CurrentUSD | 171,845,077Source | 55,388,829Source | 82,753,396Source |
| Operating Lease, Right-of-Use AssetUSD | 34,354,338Source | 36,627,800Source | 537,032Source |
| Other Assets, NoncurrentUSD | 285,954Source | 192,905Source | 22,250Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 330,178,437Source | 180,360,291Source | 181,385,889Source |
| Stockholders’ equity: | |||
| Common Stock, Value, IssuedUSD | 3,671Source | 3,359Source | 4,100Source |
| Retained Earnings (Accumulated Deficit)USD | 89,976,384Source | 50,316,486Source | 9,702,316Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -7,504,638Source | -5,494,790Source | -2,805,195Source |
| Stockholders' Equity Attributable to ParentUSD | 111,255,384Source | 59,239,960Source | 56,897,121Source |
| Additional Paid in Capital, Common StockUSD | 28,779,967Source | 14,414,905Source | 49,995,900Source |
| Liabilities and EquityUSD | 441,433,821Source | 239,799,700Source | 238,283,010Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 295,704,397Source | 125,033,416Source | 169,193,637Source |
| Operating Lease, Liability, CurrentUSD | 2,867,727Source | 2,118,900Source | 151,260Source |
| Accounts Payable, CurrentUSD | 52,376,724Source | 17,629,696Source | 37,221,124Source |
| Operating Lease, Liability, NoncurrentUSD | 34,474,040Source | 34,327,142Source | 372,725Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | 199,449Source | — |
| Additional Financial Items | |||
| Accounts Receivable, after Allowance for Credit LossUSD | — | 6,913,996Source | — |
| Long-term Debt, Current MaturitiesUSD | 5,471,119Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 20,999,733Source | 11,819,527Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 37,152,532Source | 40,500,319Source | 9,889,155Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, Depletion and AmortizationUSD | — | 23,235,143Source | 2,607,276Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 9,000,737Source | 609,000Source | — |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | 4,583,417Source | 6,138,919Source | — |
| Increase (Decrease) in InventoriesUSD | 63,359,435Source | -15,882,337Source | 40,728,301Source |
| Increase (Decrease) in Accounts PayableUSD | — | 3,034,220Source | 2,079,725Source |
| Deferred Income Tax Expense (Benefit)USD | -178,107Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 132,987,931Source | 46,506,740Source | -12,529,017Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -98,402,076Source | -44,044,171Source | -114,239,711Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 91,752,076Source | 42,501,403Source | 114,113,439Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 9,099,620Source | -2,089,719Source | 146,149,629Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 41,710,637Source | -1,848,104Source | 16,932,045Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 58,860,026Source | 17,149,389Source | 18,997,493Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | 3,316,100Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -1,974,838Source | -2,220,954Source | -2,448,856Source |
| Additional Financial Items | |||
| Amortization of Debt Issuance CostsUSD | 165,169Source | — | — |
| Amortization of Intangible AssetsUSD | — | 289,198Source | 114,614Source |
| DepreciationUSD | 36,551,190Source | 23,235,143Source | 2,607,276Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | -13,511Source |
| Gain (Loss) on Termination of LeaseUSD | — | -29,186Source | — |
| General and Administrative ExpenseUSD | 31,376,223Source | 11,412,152Source | 4,632,009Source |
| Income Tax Expense (Benefit)USD | 15,370,241Source | 781,238Source | — |
| InterestExpenseNonoperatingUSD | 3,318,705Source | 3,264,646Source | 3,261,459Source |
| Inventory Write-downUSD | 2,862,847Source | 2,536,668Source | — |
| Net Income (Loss) Attributable to ParentUSD | 39,659,898Source | 40,614,170Source | 9,889,155Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -2,507,366Source | -113,851Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 34,232,047Source | 33,527,405Source | 9,889,155Source |
| Nonoperating Income (Expense)USD | -6,514,575Source | 32,421,521Source | -2,097,793Source |
| Operating ExpensesUSD | 37,300,093Source | 13,037,876Source | 4,649,582Source |
| Operating Lease, ExpenseUSD | 5,164,404Source | 838,022Source | 357,300Source |
| Other Nonoperating Income (Expense)USD | -1,854,076Source | 586,167Source | 1,163,666Source |
| Proceeds from Contributed CapitalUSD | 4,000,000Source | 10,000Source | 42,360,581Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 427,383,003Source | 182,601,289Source | 152,542,661Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total RevenueUSD | 427,383,003Source | 176,957,128Source | 62,377,390Source |
| Cost of Goods and Services Sold | — | — | — |
| Operating Income (Loss)USD | 59,037,348Source | 8,860,036Source | 11,986,948Source |
| Other Nonoperating Income (Expense)USD | -1,854,076Source | 586,167Source | 1,163,666Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 52,522,773Source | 41,281,557Source | 9,889,155Source |
| Income Tax Expense (Benefit)USD | 15,370,241Source | 781,238Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -2,507,366Source | -113,851Source | — |
| Net Income (Loss) Attributable to ParentUSD | 39,659,898Source | 40,614,170Source | 9,889,155Source |
| Earnings Per Share, BasicUSD per share | 1.14Source | 1.09Source | 0.24Source |
| Earnings Per Share, DilutedUSD per share | 1.13Source | 1.09Source | 0.24Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 30,099,569Source | 30,751,424Source | 41,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 30,333,876Source | 30,751,424Source | 41,000,000Source |
| Interest Expense (non-operating)USD | 3,318,705Source | 3,264,646Source | 3,261,459Source |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | — | 289,198Source | 114,614Source |
| Current Income Tax Expense (Benefit)USD | 15,548,348Source | 781,238Source | — |
| General and Administrative ExpenseUSD | 31,376,223Source | 11,412,152Source | 4,632,009Source |
| Gross ProfitUSD | 96,337,441Source | 21,897,912Source | 16,636,530Source |
| Interest Expense, DebtUSD | 737,811Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 34,232,047Source | 33,527,405Source | 9,889,155Source |
| Nonoperating Income (Expense)USD | -6,514,575Source | 32,421,521Source | -2,097,793Source |
| Operating ExpensesUSD | 37,300,093Source | 13,037,876Source | 4,649,582Source |
| Operating Lease, ExpenseUSD | 5,164,404Source | 838,022Source | 357,300Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 427,383,003Source | 182,601,289Source | 152,542,661Source |
| Selling and Marketing ExpenseUSD | 5,923,870Source | 1,625,724Source | 17,573Source |