Toyo (TOYO) Operating Expenses (2022 - 2026)
Toyo's (TOYO) quarterly Operating Expenses came in at -$11.5 million in Q1 2026, down 89.44% year-on-year from -$108.8 million in Q1 2025, and down 56.48% quarter-over-quarter from -$7.3 million in Q2 2025.
Toyo (TOYO) Operating Expenses (2022 - 2026) Analysis & Trends
Toyo's Operating Expenses history runs 3 years deep, the most recent figure standing at -$11.5 million for Q1 2026.
- On a quarterly basis, Operating Expenses fell 89.44% year-over-year to -$11.5 million in Q1 2026; TTM through Mar 2026 was -$24.9 million, a 310.49% decrease from a year earlier, with the FY2025 full-year figure at -$37.3 million, down 186.09% from the prior year.
- Operating Expenses retreated to -$11.5 million in Q1 2026 per TOYO's latest filing, from -$7.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $187422.0 in Q4 2022 and bottomed at -$11.5 million in Q1 2026.
- The 3-year median for Operating Expenses is -$6.7 million (2025), against an average of -$6.2 million.
- Biggest YoY gain for Operating Expenses was 89.44% in 2026; the steepest drop was 89.44% in 2026.
- Year by year, Operating Expenses stood at $187422.0 in 2022, then plunged by 4018.1% to -$7.3 million in 2025, then plunged by 56.48% to -$11.5 million in 2026.
- Per Business Quant, the three latest TOYO Operating Expenses figures stand at -$11.5 million (Q1 2026), -$7.3 million (Q2 2025), and -$6.1 million (Q1 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 130.04 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -232.93 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 123.32 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 765.74 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 33.29 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 188.46 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 55.90 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -11.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -11.49 Mn |
| Jun 30, 2025 | -7.34 Mn |
| Mar 31, 2025 | -6.07 Mn |
| Dec 31, 2022 | 187,422.00 |