Security
TORO · TORO CORP.
TORONASDAQCommon stockCurrentCIK 1941131Updated Sep 26, 2026
Name history
TANKCO SHIPPING INC. · through Aug 12, 2022
TORO price & chart
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NASDAQ:TORO on TradingView ↗About the company
Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels. The Company’s fleet comprises four MR tanker vessels and two LPG carriers transporting refined petroleum products and petrochemical gases worldwide. Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “TORO.”
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 331,347,296Source | 326,407,184Source | 308,104,130Source | 157,479,135Source |
| Property, Plant and Equipment, NetUSD | 96,180,562Source | 72,767,793Source | 88,708,051Source | 92,486,178Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 87,418,906Source | 37,193,010Source | 155,235,401Source | 41,779,626Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 69,900Source | 416,300Source | 4,132,282Source | 10,616,573Source |
| Inventory, NetUSD | 200,395Source | 194,981Source | 260,555Source | 893,569Source |
| Assets, CurrentUSD | 96,304,429Source | 55,274,287Source | 165,135,568Source | 54,763,339Source |
| Prepaid Expense and Other Assets, CurrentUSD | 548,774Source | 291,832Source | 1,584,015Source | 915,244Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 40Source | 40Source | 40Source | — |
| Common Stock, Value, IssuedUSD | 21,474Source | 19,094Source | 19,022Source | — |
| Additional Paid in CapitalUSD | 59,304,814Source | 58,605,224Source | 57,244,290Source | — |
| Retained Earnings (Accumulated Deficit)USD | 104,272,727Source | 140,421,449Source | 119,701,687Source | — |
| Stockholders' Equity Attributable to ParentUSD | 163,599,055Source | 199,045,807Source | 176,741,199Source | 140,496,912Source |
| Liabilities and EquityUSD | 331,347,296Source | 326,407,184Source | 308,104,130Source | 157,479,135Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 41,939,008Source | 4,695,558Source | 7,859,024Source | 6,519,051Source |
| Accounts Payable, CurrentUSD | 1,127,638Source | 770,826Source | 3,187,728Source | 1,643,468Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 848,998Source | 982,636Source | 2,735,007Source | 2,269,281Source |
| Dividends Payable, CurrentUSD | 37,578,641Source | — | — | — |
| Dividends PayableUSD | 299,444Source | 338,333Source | 315,000Source | — |
| Long-term DebtUSD | — | — | 5,213,786Source | 13,069,474Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 4,934,655Source | 4,901,246Source | 6,839,702Source | 7,294,476Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,594,006Source | 5,312,854Source | 1,272,698Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 726,947Source | -961,651Source | -6,484,291Source | 6,781,154Source |
| Increase (Decrease) in InventoriesUSD | 81,346Source | 22,265Source | -633,014Source | -2,244,286Source |
| Increase (Decrease) in Accounts PayableUSD | 526,463Source | -978,030Source | 1,492,412Source | 1,304,711Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | 56,126,319Source | 41,538,209Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | 50,706,251Source | 11,788,681Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 66,769,128Source | 119,304Source | 72,237,732Source | 852,603Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 0Source | 3,728,008Source | 1,046,908Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | 6,273,237Source | -16,510,675Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 50,224,580Source | -118,387,555Source | 113,105,807Source | 36,816,215Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 155,585,401Source | 42,479,626Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 773,870Source | 690,543Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | — | — | 137,112Source | 119,731Source |
| Dividends Payable, CurrentUSD | 37,578,641Source | — | — | — |
| Dividends PayableUSD | 299,444Source | 338,333Source | 315,000Source | — |
| Equity Securities, FV-NI, Gain (Loss)USD | 54,999Source | -48,542Source | — | — |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | -344Source | -2,369Source | — | — |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 84,677Source | -57,641Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 35,352Source | -21,019Source | -23,493Source | -6,181Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 29,333Source | -11,468Source | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 0Source | 0Source | 99,026,692Source | 3,222,631Source |
| General and Administrative ExpenseUSD | 8,602,749Source | 10,198,863Source | 5,357,265Source | 2,093,347Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 5,613,058Source | 5,511,535Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 321,387Source | 19,695,969Source | — | — |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 350,667Source | 960,181Source |
| InterestExpenseNonoperatingUSD | 68,116Source | 230,531Source | — | — |
| Investment Income, InterestUSD | 2,812,933Source | 8,354,608Source | 4,072,553Source | 202,612Source |
| Net Income (Loss) Attributable to ParentUSD | 5,934,445Source | 25,207,504Source | 140,636,993Source | 49,926,415Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,314,654Source | 19,033,932Source | 134,235,776Source | — |
| Nonoperating Income (Expense)USD | 10,262,839Source | 11,068,690Source | 4,105,640Source | -706,141Source |
| Operating Costs and ExpensesUSD | 9,079,838Source | 9,300,399Source | 21,084,635Source | 21,708,290Source |
| Payments of Financing CostsUSD | — | — | 0Source | 0Source |
| Proceeds from Contributions from AffiliatesUSD | 786,001Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | 0Source | 0Source | 19,465,000Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 0Source | 1,310,312Source | 3,806,244Source | 51,805,097Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 21,081,840Source | 22,394,283Source | 78,468,574Source | 111,885,865Source |
| Operating Income (Loss)USD | -4,649,781Source | -5,557,155Source | 136,882,020Source | 51,592,737Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 5,613,058Source | 5,511,535Source | 140,987,660Source | 50,886,596Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 350,667Source | 960,181Source |
| Net Income (Loss) Attributable to ParentUSD | 5,934,445Source | 25,207,504Source | 140,636,993Source | 49,926,415Source |
| Earnings Per Share, BasicUSD per share | 0.08Source | 1.09Source | 8.69Source | — |
| Earnings Per Share, DilutedUSD per share | 0.08Source | 1.09Source | 2.87Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 17,886,372Source | 17,399,772Source | 15,443,485Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 17,886,372Source | 17,399,772Source | 48,659,725Source | — |
| Interest Expense (non-operating)USD | 68,116Source | 230,531Source | — | — |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 25,731,621Source | 27,951,438Source | -58,413,446Source | 60,293,128Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | -344Source | -2,369Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 35,352Source | -21,019Source | -23,493Source | -6,181Source |
| General and Administrative ExpenseUSD | 8,602,749Source | 10,198,863Source | 5,357,265Source | 2,093,347Source |
| Income (Loss) Attributable to Parent, before TaxUSD | 5,728,272Source | 25,207,504Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 5,613,058Source | 5,511,535Source | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 0.06Source | -0.04Source | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 0.06Source | -0.04Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 321,387Source | 19,695,969Source | — | — |
| Interest ExpenseUSD | — | — | 964,253Source | 902,572Source |
| Interest Expense, DebtUSD | — | — | 737,207Source | 719,105Source |
| Investment Income, InterestUSD | 2,812,933Source | 8,354,608Source | 4,072,553Source | 202,612Source |
| Labor and Related ExpenseUSD | 5,849,156Source | 6,169,695Source | 11,525,793Source | 12,315,509Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,314,654Source | 19,033,932Source | 134,235,776Source | — |
| Nonoperating Income (Expense)USD | 10,262,839Source | 11,068,690Source | 4,105,640Source | -706,141Source |
| Operating Costs and ExpensesUSD | 9,079,838Source | 9,300,399Source | 21,084,635Source | 21,708,290Source |
| Other Cost and Expense, OperatingUSD | 1,019,261Source | 915,769Source | 3,280,377Source | 1,663,864Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 3,143,414Source | 3,064,409Source | 2,429,275Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 0Source | 1,310,312Source | 3,806,244Source | 51,805,097Source |
| Taxes, MiscellaneousUSD | 70,825Source | 66,392Source | 294,688Source | 342,796Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 115,265Source | 1,685,830Source | 2,805,275Source | — |
Filing attachments
ef20082572_ex99-1.htm · 6-K · 2026-09-22
Exhibit 99.1 Toro Corp. Announces Record Date for the Proposed Spin-off of its LPG Carrier Business Limassol, Cyprus, September 21, 2026 - Toro Corp. (NASDAQ: TORO) (“Toro,” or the “Company”), a global energy transportation services provider, announces that, in relation to the previously announced spin-off of its wholly owned subsidiary, AI OKTO CORP. (“AI OKTO”), the record date has been set to October 1, 2026 (the “Record Date”), and the Company expects to complete the distribution of AI OKT…
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