Toyo (TOYO) Notes Payables (2024 - 2026)

Toyo's quarterly Notes Payables came in at $29.9 million in Q1 2026, up 54.11% year-on-year from $19.4 million in Q1 2025, and down 2.45% quarter-over-quarter from $30.6 million in Q4 2025.

Toyo has reported Notes Payables for 3 years, with the latest figure at $29.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Notes Payables rose 54.11% year-over-year to $29.9 million; the trailing twelve-month figure through Mar 2026 stood at $29.9 million (up 54.11% YoY), and the FY2025 full-year result was $30.6 million, up 90.05% from the prior year.
  • Notes Payables for Q1 2026 stood at $29.9 million, down from $30.6 million in the prior quarter.
  • The five-year high for Notes Payables was $30.6 million in Q4 2025, with the low at $16.1 million in Q4 2024.
  • Average Notes Payables over 3 years is $24.0 million, with a median of $24.6 million recorded in 2025.
  • Year-over-year, Notes Payables jumped 90.05% in 2025 and jumped 54.11% in 2026.
  • Tracing TOYO's Notes Payables over 3 years: stood at $16.1 million in 2024, then jumped by 90.05% to $30.6 million in 2025, then declined by 2.45% to $29.9 million in 2026.
  • The last three Notes Payables figures came in at $29.9 million (Q1 2026), $30.6 million (Q4 2025), and $19.4 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn
10 Toyo 14,082.60 -59.56 Mn 47.76 Mn

Historic Data

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DateValue
Mar 31, 2026 29.90 Mn
Dec 31, 2025 30.65 Mn
Dec 31, 2024 16.13 Mn