TORO: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	21m	22m	22m	16m
Selling, general and administrative	9m	10m	5m	2m
Operating expenses	26m	28m	14m	9m
Operating income	−5m	−6m	8m	7m
Pre-tax income	6m	6m	11m	7m
Income tax	0	0	47,071	0
Net income	6m	25m	141m	50m
Earnings per share	0.08	1.09	8.69	5.28
Earnings per share, diluted	0.08	1.09	2.87	1.17
Weighted average shares	18m	17m	15m	9m
Weighted average shares, diluted	18m	17m	49m	43m

Metric	Aug 19, 2026	Aug 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Feb 28, 2023	Dec 31, 2022	Dec 31, 2021
Cash and equivalents	—	—	87m	37m	152m	—	—	—
Receivables	—	—	69,900	416,300	1m	—	—	—
Inventory	—	—	200,395	194,981	172,716	—	—	—
Current assets	—	—	96m	55m	165m	—	—	—
Property, plant and equipment	—	—	96m	73m	77m	—	—	—
Total assets	—	—	331m	326m	308m	—	—	—
Current liabilities	—	—	42m	5m	8m	—	—	—
Equity	—	—	164m	199m	177m	—	140m	104m
Shares outstanding	—	—	21m	19m	19m	9m	—	—
Shares issued	—	—	21m	19m	19m	9m	—	—
Treasury shares	—	—	—	0	43,349	—	—	—

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	−6m	11m	5m	7m
Depreciation and amortisation	5m	5m	3m	1m
Share-based compensation	4m	5m	1m	0
Capital expenditure	67m	119,304	72m	295,692
Investing cash flow	68m	−155m	−105m	−295,692
Share buybacks	0	4m	1m	0
Financing cash flow	−11m	−5m	14m	−13m