Toyo (TOYO) Tax Provisions (2022 - 2026)
Toyo's (TOYO) quarterly Tax Provisions came in at -$5.5 million in Q1 2026, down 401.09% year-on-year from $1.8 million in Q1 2025, and down 152.48% quarter-over-quarter from -$2.2 million in Q2 2025.
Toyo (TOYO) Tax Provisions (2022 - 2026) Analysis & Trends
Toyo's Tax Provisions history runs 3 years deep, the most recent figure standing at -$5.5 million for Q1 2026.
- On a quarterly basis, Tax Provisions fell 401.09% year-over-year to -$5.5 million in Q1 2026; TTM through Mar 2026 was -$8.9 million, a N/A change from a year earlier, with the FY2025 full-year figure at -$15.4 million, down 1867.42% from the prior year.
- Tax Provisions retreated to -$5.5 million in Q1 2026 per TOYO's latest filing, from -$2.2 million in the prior quarter.
- Across five years, Tax Provisions topped out at -$37368.0 in Q4 2022 and bottomed at -$5.5 million in Q1 2026.
- The 3-year median for Tax Provisions is -$1.6 million (2025), against an average of -$2.2 million.
- Biggest YoY gain for Tax Provisions was 401.09% in 2026; the steepest drop was 401.09% in 2026.
- Year by year, Tax Provisions stood at -$37368.0 in 2022, then tumbled by 5765.95% to -$2.2 million in 2025, then sank by 152.48% to -$5.5 million in 2026.
- Per Business Quant, the three latest TOYO Tax Provisions figures stand at -$5.5 million (Q1 2026), -$2.2 million (Q2 2025), and -$1.1 million (Q1 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 7.72 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 9.03 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -6.50 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 54.98 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 1.29 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 7.07 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | -89,000.00 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 4.18 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 2.13 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -5.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.53 Mn |
| Jun 30, 2025 | -2.19 Mn |
| Mar 31, 2025 | -1.10 Mn |
| Dec 31, 2022 | -37,368.00 |