Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2021 |
---|---|---|---|---|
Income Statement | ||||
Total Revenue | 177.98M | 177.00M | 62.38M | 0.00 |
Gross Profit | 18.34M | 21.90M | 16.63M | 0.00 |
EBITDA | 19.98M | 9.20M | 14.59M | -246.89K |
Net Income | 24.42M | 40.90M | 9.89M | -246.89K |
Balance Sheet | ||||
Total Assets | 353.62M | 239.80M | 238.28M | 93.86M |
Cash, Cash Equivalents and Short-Term Investments | 28.19M | 13.65M | 18.04M | 276.28K |
Total Debt | 149.35M | 73.57M | 12.34M | 0.00 |
Total Liabilities | 283.38M | 180.36M | 181.39M | 3.30M |
Stockholders Equity | 67.01M | 59.24M | 56.90M | 90.56M |
Cash Flow | ||||
Free Cash Flow | -9.83M | 2.46M | -126.77M | -182.13K |
Operating Cash Flow | 64.75M | 46.51M | -12.53M | -182.13K |
Investing Cash Flow | -74.65M | -44.04M | -114.24M | -92.92M |
Financing Cash Flow | 3.07M | -2.09M | 146.15M | 93.38M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
67 Neutral | $204.26M | 7.91 | 34.94% | ― | ― | ― | |
49 Neutral | $96.48M | -24.42 | -4.15% | ― | -33.25% | 81.55% | |
48 Neutral | $152.09M | -2.72 | 57.88% | ― | 308.47% | 76.84% | |
42 Neutral | $73.61M | -1.80 | 16.21% | ― | 86.59% | 55.95% | |
41 Neutral | $60.49M | -0.02 | 209.06% | ― | -54.68% | 63.56% | |
41 Neutral | $55.93M | -2.79 | 110.69% | ― | -27.65% | 16.39% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
On September 4, 2025, TOYO Co., Ltd and its subsidiary Toyo Solar Company Limited entered into a trademark purchase agreement with Vietnam Sunergy Europe GmbH and Vietnam Sunergy Joint Stock Company to acquire the ‘VSUN’ trademarks registered in 12 jurisdictions for $340,000. Following this acquisition, on September 12, 2025, TOYO Group granted a one-year license back to VSUN for the use of these trademarks in their business operations. This strategic acquisition and licensing arrangement is expected to enhance TOYO’s market presence and operational capabilities in the solar energy sector.
TOYO Co., Ltd has released its unaudited interim financial statements for the six months ending June 30, 2025. The company reported total revenues of $139.1 million, with a slight increase from the previous year’s $138.1 million. The financial results indicate a shift in revenue sources, with a significant increase in third-party revenues and a decrease in related party revenues. The company’s total assets have grown to $353.6 million from $239.8 million at the end of 2024, reflecting substantial increases in both current and non-current assets. This financial performance suggests a strategic realignment in TOYO’s operations, potentially impacting its market positioning and stakeholder interests.
On September 8, 2025, TOYO Co., Ltd announced its unaudited financial results for the first half of 2025, highlighting strategic growth initiatives. The company has expanded its manufacturing capabilities with a new solar cell facility in Ethiopia, which began production in April 2025, and a module assembly plant in Texas. The acquisition of the VSUN brand is set to enhance TOYO’s market presence in the U.S., leveraging VSUN’s established customer base and reputation. This strategic move is expected to strengthen TOYO’s competitive position and revenue potential in the solar energy market.
On July 2, 2025, TOYO Solar Texas LLC, a subsidiary of TOYO Co., Ltd, entered into a significant module supply and purchase agreement with New Leaf Energy Buyer, Inc. This agreement involves the sale of 380,380 photovoltaic modules for approximately $60 million, with the contract set to expire on December 31, 2025. TOYO Co., Ltd has also provided a parent guaranty to support its subsidiary’s obligations under this agreement. This deal is expected to enhance TOYO’s market presence and operational capacity in the renewable energy sector.