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
DateValue
Mar 31, 2026 -11.49 Mn
Jun 30, 2025 -7.34 Mn
Mar 31, 2025 -6.07 Mn
Dec 31, 2022 187,422.00