Toyo (TOYO) Operating Expenses (2022 - 2026)
Toyo (TOYO) posted Operating Expenses of -$14.4 million for Q2 2026, down 25.41% on a QoQ basis from -$11.5 million in Q1 2026, and down 96.25% year-over-year from -$383.9 million in Q2 2025.
Analysis
Toyo (TOYO) Operating Expenses (2022 - 2026) Analysis & Trends
Toyo has reported Operating Expenses for 3 years, with the latest figure at -$14.4 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 96.25% year-over-year to -$14.4 million in Q2 2026; TTM through Jun 2026 was -$39.3 million, a N/A change from a year earlier, with the FY2025 full-year figure at -$37.3 million, down 186.09% from the prior year.
- Operating Expenses was -$14.4 million for Q2 2026 at Toyo, down from -$11.5 million in the prior quarter.
- The five-year high for Operating Expenses was $187422.0 in Q4 2022, with the low at -$14.4 million in Q2 2026.
- Average Operating Expenses over 3 years is -$7.8 million, with a median of -$7.3 million recorded in 2025.
- The largest YoY upside for Operating Expenses was 89.44% in 2026 against a maximum downside of 96.25% in 2026.
- Over 3 years, Operating Expenses stood at $187422.0 in 2022, then sank by 4018.1% to -$7.3 million in 2025, then plunged by 96.25% to -$14.4 million in 2026.
- The last three Operating Expenses figures came in at -$14.4 million (Q2 2026), -$11.5 million (Q1 2026), and -$7.3 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 154.62 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 144.95 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 123.50 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 111.20 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 71.88 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 30.80 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 239.53 Mn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 64.84 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -287.32 Mn |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | -14.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.41 Mn |
| Mar 31, 2026 | -11.49 Mn |
| Jun 30, 2025 | -7.34 Mn |
| Mar 31, 2025 | -6.07 Mn |
| Dec 31, 2022 | 187,422.00 |