Toro
TORO on Nasdaq. Market value $186m.
This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
We can't pin down how many shares it has, so we don't rank it.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-67.15 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.
$5.07 a share, 54% above its 1-year low
Over the past year the price has ranged from $3.30 to $8.50.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | ||||
| Revenue | $16m | $22m | $22m | $21m |
| Operating margin | ||||
| Operating margin | 44.3% | 36.8% | -24.8% | -22.1% |
| Debt to equity | ||||
| Debt to equity | 0.09 | 0.03 | n/a | n/a |
| Shares outstanding | ||||
| Shares outstanding | 0.00bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive2 of 4 years
- Accounting checksSkipped: company is not yet profitable
- DebtUnknown
- Revenue growth, five yearsStrong, 10.5% a year
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 15 April 2026
- Next quarterly (estimated, 10-Q)
- n/a
Who owns it
None of the long-term investors we follow own it. 28 funds in all.
Largest holders overall
- Renaissance Technologies$945,754Added
- Jane Street Group$927,920New
- Almitas Capital$487,000New
- TWO Sigma Investments, LP$254,458New
- Marshall Wace, LLP$237,811New
- Susquehanna International Group, LLP$205,538Cut
- Focus Partners Wealth$204,642Cut
- XTX Topco$130,423Added
- HRT Financial LP$60,000New
- Geode Capital Management$57,904
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Pani Corp.Insider or founderat least 74.2%+2.0 pts(filed with 1 related holder)Since 5 June 2026
- Petros Panagiotis Panagiotidis72.2%+8.1 ptsSince 22 April 2026
- T. Rowe Price Associates, Inc.Passive investor6.4%Since 31 March 2025
- Kayne Anderson Rudnick Investment Management, LLCPassive investorSold down below 5%Since 31 December 2024
| Holder | Stake | Since | |
|---|---|---|---|
Pani Corp. Insider or founder | at least 74.2%+2.0 pts (filed with 1 related holder) | 5 June 2026 | |
Petros Panagiotis Panagiotidis | 72.2%+8.1 pts | 22 April 2026 | |
T. Rowe Price Associates, Inc. Passive investor | 6.4% | 31 March 2025 | |
Kayne Anderson Rudnick Investment Management, LLC Passive investor | Sold down below 5% | 31 December 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $14m of shares on the open market.
- Panagiotidis Petros PanagiotisChief Executive Officer, DirectorBought
- Date
- 24 April 2026
- Shares
- 67,407
- Price
- $6.79
- Value
- $457,694
- Panagiotidis Petros PanagiotisChief Executive Officer, DirectorBought
- Date
- 23 April 2026
- Shares
- 265,836
- Price
- $6.52
- Value
- $2m
- Panagiotidis Petros PanagiotisChief Executive Officer, DirectorBought
- Date
- 22 April 2026
- Shares
- 1,982,728
- Price
- $6.08
- Value
- $12m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 24 April 2026 | Panagiotidis Petros Panagiotis Chief Executive Officer, Director | Bought | 67,407 | $6.79 | $457,694 |
| 23 April 2026 | Panagiotidis Petros Panagiotis Chief Executive Officer, Director | Bought | 265,836 | $6.52 | $2m |
| 22 April 2026 | Panagiotidis Petros Panagiotis Chief Executive Officer, Director | Bought | 1,982,728 | $6.08 | $12m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.