Toyo (TOYO) Operating Expenses (2022 - 2026)
Toyo (TOYO) recorded quarterly Operating Expenses of -$11.5 million in Q1 2026, down 56.48% quarter-over-quarter from -$7.3 million in Q2 2025, and down 89.44% on a YoY basis from -$108.8 million in Q1 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.
- In Q1 2026, Operating Expenses fell 89.44% year-over-year to -$11.5 million; the TTM figure through Mar 2026 stood at -$24.9 million (down 310.49% YoY), while the FY2025 annual figure was -$37.3 million, down 186.09% from the prior year.
- Operating Expenses was -$11.5 million for Q1 2026 at Toyo, down from -$7.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $187422.0 in Q4 2022 to a low of -$11.5 million in Q1 2026.
- Historically, Operating Expenses has averaged -$6.2 million across 3 years, with a median of -$6.7 million in 2025.
- Biggest YoY gain for Operating Expenses was 89.44% in 2026; the steepest drop was 89.44% in 2026.
- A 3-year view of Operating Expenses shows it stood at $187422.0 in 2022, then slumped by 4018.1% to -$7.3 million in 2025, then slumped by 56.48% to -$11.5 million in 2026.
- The last three Operating Expenses figures came in at -$11.5 million (Q1 2026), -$7.3 million (Q2 2025), and -$6.1 million (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 130.04 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 123.32 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 765.74 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 33.29 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 55.90 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -232.93 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 13.20 Mn |
| 10 | Toyo | 9.64 Mn | -67.00 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 |