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
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