Unaudited Condensed Consolidated Statements of Income and Comprehensive Income - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | $ 118,184,895 | $ 87,562,651 | $ 260,958,353 | $ 139,107,162 |
| Cost of revenues | (81,218,604) | (69,277,621) | (176,230,864) | (116,020,898) |
| Gross profit | 36,966,291 | 18,285,030 | 84,727,489 | 23,086,264 |
| Operating expenses | ||||
| Selling and marketing expenses | (1,564,629) | (2,074,792) | (3,572,021) | (2,530,879) |
| General and administrative expenses | (12,846,480) | (5,268,587) | (22,330,242) | (10,878,506) |
| Total operating expenses | (14,411,109) | (7,343,379) | (25,902,263) | (13,409,385) |
| Income from operations | 22,555,182 | 10,941,651 | 58,825,226 | 9,676,879 |
| Other expenses | ||||
| Interest income (expenses), net | 278,102 | (1,197,987) | (507,158) | (1,777,036) |
| Other expenses, net | (1,392,802) | (392,200) | (2,932,052) | (759,865) |
| Changes in fair value of contingent consideration payable | (941,764) | (1,341,794) | ||
| Total other expenses, net | (1,114,700) | (2,531,951) | (3,439,210) | (3,878,695) |
| Income before income taxes | 21,440,482 | 8,409,700 | 55,386,016 | 5,798,184 |
| Income tax expenses | (4,030,918) | (2,191,989) | (9,565,248) | (3,296,448) |
| Net income | 17,409,564 | 6,217,711 | 45,820,768 | 2,501,736 |
| Less: net loss attributable to noncontrolling interests | (502,522) | (965,275) | ||
| Net income attributable to TOYO Co., Ltd.’s shareholders | 17,409,564 | 6,720,233 | 45,820,768 | 3,467,011 |
| Other comprehensive loss | ||||
| Foreign currency translation adjustment | (15,395) | (1,195,959) | (45,244) | (1,675,148) |
| Comprehensive income | 17,394,169 | 5,021,752 | 45,775,524 | 826,588 |
| Less: net loss attributable to noncontrolling interests | (502,522) | (965,275) | ||
| Comprehensive income attributable to TOYO Co., Ltd.’s shareholders | $ 17,394,169 | $ 5,524,274 | $ 45,775,524 | $ 1,791,863 |
| Weighted average number of ordinary share outstanding– basic (in Shares) | 38,193,043 | 34,480,116 | 37,937,402 | 34,040,373 |
| Earnings per share – basic (in Dollars per share) | $ 0.46 | $ 0.16 | $ 1.21 | $ 0.08 |
| Weighted average number of ordinary share outstanding– diluted (in Shares) | 38,535,995 | 34,480,116 | 38,116,031 | 34,040,373 |
| Earnings per share –diluted (in Dollars per share) | $ 0.45 | $ 0.16 | $ 1.2 | $ 0.08 |
| Related parties | ||||
| Revenues | $ 21,536,529 | $ 14,566,338 | $ 57,494,243 | $ 25,087,488 |
| Cost of revenues | (20,885,274) | (9,126,165) | (49,360,863) | (17,983,523) |
| Third parties | ||||
| Revenues | 96,648,366 | 72,996,313 | 203,464,110 | 114,019,674 |
| Cost of revenues | $ (60,333,330) | $ (60,151,456) | $ (126,870,001) | $ (98,037,375) |
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- Definition Represent the amount of changes in fair value of contingent consideration payable. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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