Toast (TOST) Financials

$34.59 +0.51 (+1.50%)

As of 04/14/2025 03:58 PM Eastern

Annual Income Statements for Toast

This table shows Toast's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-209	-249	-487	-275	-246	19
Consolidated Net Income / (Loss)	-209	-248	-487	-275	-246	19
Net Income / (Loss) Continuing Operations	-209	-248	-487	-275	-246	19
Total Pre-Tax Income	-212	-248	-490	-277	-244	22
Total Operating Income	-213	-220	-228	-384	-287	16
Total Gross Profit	62	140	314	511	834	1,190
Total Revenue	665	823	1,705	2,731	3,865	4,960
Operating Revenue	665	823	1,705	2,731	3,865	4,960
Total Cost of Revenue	603	683	1,391	2,220	3,031	3,770
Operating Cost of Revenue	603	683	1,391	2,220	3,031	3,770
Total Operating Expenses	275	360	542	895	1,121	1,174
Selling, General & Admin Expense	83	113	189	294	362	307
Marketing Expense	128	138	190	319	401	470
Research & Development Expense	64	109	163	282	358	351
Restructuring Charge	-	-	-	0.00	0.00	46
Total Other Income / (Expense), net	1.00	-28	-262	107	43	6.00
Interest Expense	0.00	12	62	-11	-37	-42
Other Income / (Expense), net	-1.00	-16	-200	96	6.00	-36
Income Tax Expense	-3.00	0.00	-3.00	-2.00	2.00	3.00
Basic Earnings per Share	($1.08)	($1.25)	($1.68)	($0.54)	($0.46)	$0.03
Weighted Average Basic Shares Outstanding	194.82M	199.98M	290M	512M	532M	559M
Diluted Earnings per Share	($1.08)	($1.25)	($1.68)	($0.72)	($0.47)	$0.03
Weighted Average Diluted Shares Outstanding	194.82M	199.98M	290M	512M	533M	591M
Weighted Average Basic & Diluted Shares Outstanding	-	-	508.98M	526.83M	548M	575M

This table shows Toast's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Interest Expense	-3.00	-7.00	-8.00	-9.00	-10	-10	-10	-10	-9.00	-13
Other Income / (Expense), net	-20	-6.00	3.00	-26	18	11	-36	-1.00	14	-13
Net Income / (Loss) Attributable to Common Shareholders	-98	-100	-81	-98	-31	-36	-83	14	56	32
Consolidated Net Income / (Loss)	-98	-100	-81	-98	-31	-36	-83	14	56	32
Net Income / (Loss) Continuing Operations	-98	-100	-81	-98	-31	-36	-83	14	56	32
Total Pre-Tax Income	-102	-98	-81	-97	-31	-35	-82	14	57	33
Total Operating Income	-85	-99	-92	-80	-59	-56	-56	5.00	34	33
Total Gross Profit	151	158	174	208	226	226	249	286	322	333
Total Revenue	752	769	819	978	1,032	1,036	1,075	1,242	1,305	1,338
Operating Revenue	752	769	819	978	1,032	1,036	1,075	1,242	1,305	1,338
Total Cost of Revenue	601	611	645	770	806	810	826	956	983	1,005
Operating Cost of Revenue	601	611	645	770	806	810	826	956	983	1,005
Total Operating Expenses	236	257	266	288	285	282	305	281	288	300
Selling, General & Admin Expense	78	91	82	96	98	86	74	75	80	78
Marketing Expense	84	87	99	100	100	102	107	115	119	129
Research & Development Expense	74	79	85	92	87	94	83	87	89	92
Restructuring Charge	-	-	0.00	0.00	0.00	-	41	4.00	0.00	1.00
Income Tax Expense	-4.00	2.00	0.00	1.00	0.00	1.00	1.00	0.00	1.00	1.00
Basic Earnings per Share	($0.19)	($0.19)	($0.15)	($0.19)	($0.06)	($0.06)	($0.15)	$0.03	$0.10	$0.05
Weighted Average Basic Shares Outstanding	513.72M	512M	524M	529M	535M	532M	547M	556M	563M	559M
Diluted Earnings per Share	($0.19)	($0.22)	($0.16)	($0.19)	($0.09)	($0.03)	($0.15)	$0.02	$0.07	$0.09
Weighted Average Diluted Shares Outstanding	513.72M	512M	525M	529M	536M	533M	547M	587M	590M	591M
Weighted Average Basic & Diluted Shares Outstanding	520.74M	526.83M	530.48M	535.63M	540.21M	548M	555M	562M	568M	575M

This table details how cash moves in and out of Toast's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	83	433	257	-216	112	338
Net Cash From Operating Activities	-126	-125	2.00	-156	135	360
Net Cash From Continuing Operating Activities	-126	-125	2.00	-156	134	360
Net Income / (Loss) Continuing Operations	-209	-248	-487	-275	-246	19
Consolidated Net Income / (Loss)	-209	-248	-487	-275	-246	19
Depreciation Expense	7.00	27	21	24	32	46
Amortization Expense	0.00	15	-26	44	62	82
Non-Cash Adjustments To Reconcile Net Income	13	118	427	180	346	357
Changes in Operating Assets and Liabilities, net	63	-37	67	-129	-60	-144
Net Cash From Investing Activities	-47	-36	-503	-98	-86	-39
Net Cash From Continuing Investing Activities	-47	-36	-503	-98	-86	-39
Purchase of Property, Plant & Equipment	-15	-36	-19	-33	-42	-54
Acquisitions	-33	0.00	-26	-46	-9.00	0.00
Purchase of Investments	0.00	0.00	-469	-434	-623	-473
Sale and/or Maturity of Investments	0.00	0.00	10	415	591	488
Other Investing Activities, net	1.00	0.00	1.00	0.00	-3.00	0.00
Net Cash From Financing Activities	256	594	759	38	63	18
Net Cash From Continuing Financing Activities	256	594	759	38	63	18
Repayment of Debt	-3.00	-9.00	-249	-3.00	0.00	0.00
Repurchase of Common Equity	0.00	0.00	-	0.00	0.00	-117
Issuance of Common Equity	1.00	0.00	984	15	36	99
Other Financing Activities, net	-2.00	7.00	24	26	27	36
Effect of Exchange Rate Changes	-	-	-1.00	-	-	-1.00
Cash Income Taxes Paid	-	0.00	-	1.00	2.00	3.00

This table details how cash moves in and out of Toast's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-58	-90	-49	36	29	96	24	94	78	142
Net Cash From Operating Activities	-69	-19	-55	50	48	92	-20	124	109	147
Net Cash From Continuing Operating Activities	-69	-19	-55	50	48	91	-20	124	109	147
Net Income / (Loss) Continuing Operations	-98	-100	-81	-98	-31	-36	-83	14	56	32
Consolidated Net Income / (Loss)	-98	-100	-81	-98	-31	-36	-83	14	56	32
Depreciation Expense	6.00	6.00	6.00	8.00	8.00	10	11	12	12	11
Amortization Expense	12	12	14	14	16	18	19	19	21	23
Non-Cash Adjustments To Reconcile Net Income	87	96	72	114	80	80	115	85	67	90
Changes in Operating Assets and Liabilities, net	-76	-33	-66	12	-25	19	-82	-6.00	-47	-9.00
Net Cash From Investing Activities	17	-73	-42	-12	-31	-1.00	-29	-4.00	9.00	-15
Net Cash From Continuing Investing Activities	17	-73	-42	-12	-31	-1.00	-29	-4.00	9.00	-15
Purchase of Property, Plant & Equipment	-11	-10	-10	-11	-10	-11	-13	-16	-12	-13
Purchase of Investments	-47	-247	-176	-175	-128	-144	-145	-131	-77	-120
Sale and/or Maturity of Investments	121	184	154	174	109	154	129	143	98	118
Net Cash From Financing Activities	-6.00	2.00	48	-2.00	12	5.00	73	-26	-40	11
Net Cash From Continuing Financing Activities	-6.00	2.00	48	-2.00	12	5.00	73	-26	-40	11
Issuance of Common Equity	5.00	3.00	11	4.00	16	5.00	28	27	29	15
Other Financing Activities, net	-11	2.00	37	-6.00	-4.00	-	49	-21	12	-4.00

This table presents Toast's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Total Assets	776	1,735	1,761	1,958	2,408
Total Current Assets	673	1,485	1,407	1,570	1,975
Cash & Equivalents	582	809	547	605	903
Short-Term Investments	0.00	457	474	519	514
Accounts Receivable	33	55	77	69	115
Inventories, net	19	42	110	118	118
Other Current Assets	17	30	199	259	325
Plant, Property, & Equipment, net	44	41	61	75	98
Total Noncurrent Assets	57	209	293	313	335
Goodwill	36	74	107	113	113
Intangible Assets	7.00	16	29	26	20
Other Noncurrent Operating Assets	14	119	157	174	202
Total Liabilities & Shareholders' Equity	776	1,735	1,761	1,958	2,408
Total Liabilities	398	644	663	764	863
Total Current Liabilities	136	352	496	663	811
Accounts Payable	30	40	30	32	37
Accrued Expenses	63	246	427	592	715
Current Deferred Revenue	43	44	39	39	59
Total Noncurrent Liabilities	262	292	167	101	52
Other Noncurrent Operating Liabilities	55	280	167	101	52
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-471	1,091	1,098	1,194	1,545
Total Preferred & Common Equity	-471	1,091	1,098	1,194	1,545
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-471	1,091	1,098	1,194	1,545
Common Stock	145	2,194	2,477	2,817	3,150
Retained Earnings	-616	-1,102	-1,377	-1,623	-1,604
Accumulated Other Comprehensive Income / (Loss)	0.00	-1.00	-2.00	0.00	-1.00

This table presents Toast's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,741	1,795	1,795	1,834	2,052	2,155	2,227
Total Current Assets	1,402	1,408	1,455	1,480	1,651	1,739	1,802
Cash & Equivalents	644	451	488	514	578	691	761
Short-Term Investments	409	499	502	516	537	528	511
Accounts Receivable	78	97	115	95	86	101	105
Inventories, net	95	112	107	98	120	110	106
Other Current Assets	40	47	52	56	330	309	319
Plant, Property, & Equipment, net	54	70	61	69	82	90	95
Total Noncurrent Assets	285	317	279	285	319	326	330
Goodwill	107	113	113	113	113	113	113
Intangible Assets	31	31	30	28	25	23	22
Other Noncurrent Operating Assets	147	173	136	144	181	190	195
Total Liabilities & Shareholders' Equity	1,741	1,795	1,795	1,834	2,052	2,155	2,227
Total Liabilities	622	697	716	685	849	872	807
Total Current Liabilities	457	538	584	574	713	736	748
Accounts Payable	28	36	42	27	49	33	30
Accrued Expenses	376	444	493	499	614	641	656
Current Deferred Revenue	40	43	41	38	50	62	62
Total Noncurrent Liabilities	165	159	132	111	136	136	59
Other Noncurrent Operating Liabilities	157	153	120	97	136	136	59
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,119	1,098	1,079	1,149	1,203	1,283	1,420
Total Preferred & Common Equity	1,119	1,098	1,079	1,149	1,203	1,283	1,420
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,119	1,098	1,079	1,149	1,203	1,283	1,420
Common Stock	2,400	2,556	2,637	2,738	2,910	2,976	3,053
Retained Earnings	-1,277	-1,458	-1,556	-1,587	-1,706	-1,692	-1,636
Accumulated Other Comprehensive Income / (Loss)	-4.00	0.00	-2.00	-2.00	-1.00	-1.00	3.00

This table displays calculated financial ratios and metrics derived from Toast's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	23.76%	107.17%	60.18%	41.52%	28.33%
EBITDA Growth	0.00%	6.28%	-123.20%	49.19%	15.00%	157.75%
EBIT Growth	0.00%	-10.28%	-81.36%	32.71%	2.43%	92.88%
NOPAT Growth	0.00%	-3.29%	-3.64%	-68.42%	25.26%	106.88%
Net Income Growth	0.00%	-18.66%	-96.37%	43.53%	10.55%	107.72%
EPS Growth	0.00%	-15.74%	-34.40%	57.14%	34.72%	106.38%
Operating Cash Flow Growth	0.00%	0.79%	101.60%	-7,900.00%	186.54%	166.67%
Free Cash Flow Firm Growth	0.00%	0.00%	84.50%	-2,700.00%	62.77%	77.21%
Invested Capital Growth	0.00%	0.00%	-414.71%	144.00%	-9.09%	82.86%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	10.43%	7.42%	6.48%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-30.18%	42.99%	254.29%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-59.12%	17.60%	76.47%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	4.48%	13.03%	127.04%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-58.05%	20.65%	138.78%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	28.79%	133.33%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	137.24%	7.14%	462.50%	18.03%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	31.73%	44.84%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	16.67%	-41.18%	-13.51%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	9.32%	17.01%	18.42%	18.71%	21.58%	23.99%
EBITDA Margin	-31.13%	-23.57%	-25.40%	-8.06%	-4.84%	2.18%
Operating Margin	-32.03%	-26.73%	-13.37%	-14.06%	-7.43%	0.32%
EBIT Margin	-32.18%	-28.68%	-25.10%	-10.55%	-7.27%	-0.40%
Profit (Net Income) Margin	-31.43%	-30.13%	-28.56%	-10.07%	-6.36%	0.38%
Tax Burden Percent	98.58%	100.00%	99.39%	99.28%	100.82%	86.36%
Interest Burden Percent	99.07%	105.08%	114.49%	96.18%	86.83%	-110.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	13.64%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-273.33%	13.96%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-269.13%	13.55%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	251.87%	-12.57%
Return on Equity (ROE)	0.00%	-65.61%	-66.30%	-25.13%	-21.47%	1.39%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-676.36%	-263.81%	-44.63%
Operating Return on Assets (OROA)	0.00%	-30.41%	-34.09%	-16.48%	-15.11%	-0.92%
Return on Assets (ROA)	0.00%	-31.96%	-38.79%	-15.73%	-13.23%	0.87%
Return on Common Equity (ROCE)	0.00%	81.75%	-27.98%	-25.13%	-21.47%	1.39%
Return on Equity Simple (ROE_SIMPLE)	0.00%	52.65%	-44.64%	-25.05%	-20.60%	1.23%
Net Operating Profit after Tax (NOPAT)	-149	-154	-160	-269	-201	14
NOPAT Margin	-22.42%	-18.71%	-9.36%	-9.84%	-5.20%	0.28%
Net Nonoperating Expense Percent (NNEP)	0.00%	-45.63%	-39.02%	-0.54%	-4.21%	0.41%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-24.48%	-16.83%	0.89%
Cost of Revenue to Revenue	90.68%	82.99%	81.58%	81.29%	78.42%	76.01%
SG&A Expenses to Revenue	12.48%	13.73%	11.09%	10.77%	9.37%	6.19%
R&D to Revenue	9.62%	13.24%	9.56%	10.33%	9.26%	7.08%
Operating Expenses to Revenue	41.35%	43.74%	31.79%	32.77%	29.00%	23.67%
Earnings before Interest and Taxes (EBIT)	-214	-236	-428	-288	-281	-20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-207	-194	-433	-220	-187	108
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	16.06	8.55	8.26	13.40
Price to Tangible Book Value (P/TBV)	0.00	0.00	17.50	9.76	9.35	14.66
Price to Revenue (P/Rev)	1.31	1.06	10.28	3.44	2.55	4.17
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	1,089.66
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	108.67	124.86	150.68
Enterprise Value to Revenue (EV/Rev)	0.00	1.59	9.53	3.06	2.26	3.89
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	178.58
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	1,395.74
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	8,126.87	0.00	64.74	53.57
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.46	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.46	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-1.09	-1.14	-1.04	-0.94	-0.93
Leverage Ratio	0.00	2.05	1.71	1.60	1.62	1.59
Compound Leverage Factor	0.00	2.16	1.96	1.54	1.41	-1.75
Debt to Total Capital	0.00%	31.27%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	31.27%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	154.36%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-85.64%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	-0.89	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	2.11	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	-0.89	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	-1.12	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	2.66	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	-1.12	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	1.09	16.39	9.03	8.64	16.07
Noncontrolling Interest Sharing Ratio	0.00%	224.60%	57.79%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	4.95	4.22	2.84	2.37	2.44
Quick Ratio	0.00	4.52	3.75	2.21	1.80	1.89
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-120	-19	-521	-194	-44
Operating Cash Flow to CapEx	-840.00%	-347.22%	10.53%	-472.73%	321.43%	666.67%
Free Cash Flow to Firm to Interest Expense	0.00	-10.00	-0.30	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	-10.42	0.03	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-13.42	-0.27	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	1.06	1.36	1.56	2.08	2.27
Accounts Receivable Turnover	0.00	24.94	38.75	41.38	52.95	53.91
Inventory Turnover	0.00	35.95	45.61	29.21	26.59	31.95
Fixed Asset Turnover	0.00	18.70	40.12	53.55	56.84	57.34
Accounts Payable Turnover	0.00	22.77	39.74	63.43	97.77	109.28
Days Sales Outstanding (DSO)	0.00	14.64	9.42	8.82	6.89	6.77
Days Inventory Outstanding (DIO)	0.00	10.15	8.00	12.50	13.73	11.42
Days Payable Outstanding (DPO)	0.00	16.03	9.18	5.75	3.73	3.34
Cash Conversion Cycle (CCC)	0.00	8.76	8.24	15.56	16.89	14.85
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	-34	-175	77	70	128
Invested Capital Turnover	0.00	-48.41	-16.32	-55.73	52.59	50.10
Increase / (Decrease) in Invested Capital	0.00	-34	-141	252	-7.00	58
Enterprise Value (EV)	0.00	1,309	16,254	8,368	8,740	19,287
Market Capitalization	870	870	17,520	9,389	9,864	20,704
Book Value per Share	$0.00	($2.36)	$2.16	$2.11	$2.21	$2.72
Tangible Book Value per Share	$0.00	($2.57)	$1.98	$1.85	$1.95	$2.49
Total Capital	0.00	550	1,091	1,098	1,194	1,545
Total Debt	0.00	172	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	172	0.00	0.00	0.00	0.00
Net Debt	0.00	-410	-1,266	-1,021	-1,124	-1,417
Capital Expenditures (CapEx)	15	36	19	33	42	54
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-45	-133	-110	-217	-253
Debt-free Net Working Capital (DFNWC)	0.00	537	1,133	911	907	1,164
Net Working Capital (NWC)	0.00	537	1,133	911	907	1,164
Net Nonoperating Expense (NNE)	60	94	327	6.20	45	-5.18
Net Nonoperating Obligations (NNO)	0.00	-412	-1,266	-1,021	-1,124	-1,417
Total Depreciation and Amortization (D&A)	7.00	42	-5.00	68	94	128
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-5.47%	-7.80%	-4.03%	-5.61%	-5.10%
Debt-free Net Working Capital to Revenue	0.00%	65.25%	66.45%	33.36%	23.47%	23.47%
Net Working Capital to Revenue	0.00%	65.25%	66.45%	33.36%	23.47%	23.47%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.68)	($0.54)	($0.46)	$0.03
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	289.58M	511.75M	532M	559M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.68)	($0.72)	($0.47)	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	289.58M	512.24M	533M	591M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	508.98M	526.83M	548M	575M
Normalized Net Operating Profit after Tax (NOPAT)	-149	-154	-160	-269	-201	54
Normalized NOPAT Margin	-22.42%	-18.71%	-9.36%	-9.84%	-5.20%	1.08%
Pre Tax Income Margin	-31.88%	-30.13%	-28.74%	-10.14%	-6.31%	0.44%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-19.67	-6.90	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	-12.83	-2.57	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-22.67	-7.21	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-15.83	-2.88	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	615.79%

This table displays calculated financial ratios and metrics derived from Toast's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	54.73%	50.49%	53.08%	44.89%	37.23%	34.72%	31.26%	26.99%	26.45%	29.15%
EBITDA Growth	63.90%	-141.67%	-885.71%	-115.38%	80.46%	80.46%	10.14%	141.67%	576.47%	417.65%
EBIT Growth	58.66%	-5,350.00%	-286.96%	-92.73%	60.95%	57.14%	-3.37%	103.77%	217.07%	144.44%
NOPAT Growth	-54.55%	-18.46%	8.91%	19.19%	30.59%	43.43%	39.13%	108.93%	180.88%	181.63%
Net Income Growth	61.42%	-10,100.00%	-252.17%	-81.48%	68.37%	64.00%	-2.47%	114.29%	280.65%	188.89%
EPS Growth	82.08%	-144.00%	20.00%	-72.73%	52.63%	86.36%	6.25%	110.53%	177.78%	400.00%
Operating Cash Flow Growth	-283.33%	38.71%	-17.02%	338.10%	169.57%	584.21%	63.64%	148.00%	127.08%	59.78%
Free Cash Flow Firm Growth	-264.66%	0.00%	-7,451.35%	-331.76%	77.42%	89.98%	107.44%	117.24%	104.67%	19.25%
Invested Capital Growth	122.59%	144.00%	320.90%	406.90%	80.30%	-9.09%	-40.54%	-28.09%	24.37%	82.86%
Revenue Q/Q Growth	11.41%	2.26%	6.50%	19.41%	5.52%	0.39%	3.76%	15.53%	5.07%	2.53%
EBITDA Q/Q Growth	-123.08%	0.00%	56.33%	-21.74%	79.76%	0.00%	50.00%	156.45%	131.43%	-33.33%
EBIT Q/Q Growth	-90.91%	0.00%	15.24%	-19.10%	61.32%	-9.76%	-104.44%	104.35%	1,100.00%	-58.33%
NOPAT Q/Q Growth	14.14%	-16.47%	7.07%	13.04%	26.25%	5.08%	0.00%	112.76%	568.07%	-4.20%
Net Income Q/Q Growth	-81.48%	-2.04%	19.00%	-20.99%	68.37%	-16.13%	-130.56%	116.87%	300.00%	-42.86%
EPS Q/Q Growth	-72.73%	-15.79%	27.27%	-18.75%	52.63%	66.67%	-400.00%	113.33%	250.00%	28.57%
Operating Cash Flow Q/Q Growth	-228.57%	72.46%	-189.47%	190.91%	-4.00%	91.67%	-121.74%	720.00%	-12.10%	34.86%
Free Cash Flow Firm Q/Q Growth	-936.34%	23.07%	13.04%	37.72%	45.80%	65.85%	164.60%	44.23%	-85.32%	-690.44%
Invested Capital Q/Q Growth	327.59%	16.67%	92.21%	-39.86%	33.71%	-41.18%	25.71%	-27.27%	131.25%	-13.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.08%	20.55%	21.25%	21.27%	21.90%	21.81%	23.16%	23.03%	24.67%	24.89%
EBITDA Margin	-11.57%	-11.31%	-8.42%	-8.59%	-1.65%	-1.64%	-5.77%	2.82%	6.21%	4.04%
Operating Margin	-11.30%	-12.87%	-11.23%	-8.18%	-5.72%	-5.41%	-5.21%	0.40%	2.61%	2.47%
EBIT Margin	-13.96%	-13.65%	-10.87%	-10.84%	-3.97%	-4.34%	-8.56%	0.32%	3.68%	1.49%
Profit (Net Income) Margin	-13.03%	-13.00%	-9.89%	-10.02%	-3.00%	-3.47%	-7.72%	1.13%	4.29%	2.39%
Tax Burden Percent	96.08%	102.04%	100.00%	101.03%	100.00%	102.86%	101.22%	100.00%	98.25%	96.97%
Interest Burden Percent	97.14%	93.33%	91.01%	91.51%	75.61%	77.78%	89.13%	350.00%	118.75%	165.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.75%	3.03%
Return on Invested Capital (ROIC)	0.00%	0.00%	-585.38%	-633.29%	-155.66%	-198.97%	-127.35%	23.08%	89.31%	119.82%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-583.84%	-629.42%	-156.65%	-199.27%	-123.11%	22.26%	87.35%	119.82%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	562.74%	612.48%	143.88%	186.49%	110.48%	-20.82%	-78.27%	-111.16%
Return on Equity (ROE)	-16.35%	-25.13%	-22.64%	-20.82%	-11.79%	-12.48%	-16.87%	2.26%	11.04%	8.66%
Cash Return on Invested Capital (CROIC)	0.00%	-676.36%	-322.64%	-412.58%	-307.03%	-263.81%	-98.05%	-119.22%	-60.00%	-44.63%
Operating Return on Assets (OROA)	-20.32%	-21.33%	-18.57%	-20.29%	-8.00%	-9.03%	-18.34%	0.72%	8.44%	3.40%
Return on Assets (ROA)	-18.97%	-20.32%	-16.90%	-18.76%	-6.05%	-7.22%	-16.54%	2.50%	9.84%	5.43%
Return on Common Equity (ROCE)	-16.35%	-25.13%	-22.64%	-20.82%	-11.79%	-12.48%	-16.87%	2.26%	11.04%	8.66%
Return on Equity Simple (ROE_SIMPLE)	-15.55%	0.00%	-30.33%	-34.94%	-26.98%	0.00%	-20.62%	-10.60%	-3.45%	0.00%
Net Operating Profit after Tax (NOPAT)	-60	-69	-64	-56	-41	-39	-39	5.00	33	32
NOPAT Margin	-7.91%	-9.01%	-7.86%	-5.73%	-4.00%	-3.78%	-3.65%	0.40%	2.56%	2.39%
Net Nonoperating Expense Percent (NNEP)	-3.27%	-2.68%	-1.54%	-3.87%	0.99%	0.30%	-4.24%	0.81%	1.96%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-6.31%	-	-	-	-3.28%	-	-	-	2.07%
Cost of Revenue to Revenue	79.92%	79.45%	78.75%	78.73%	78.10%	78.19%	76.84%	76.97%	75.33%	75.11%
SG&A Expenses to Revenue	10.37%	11.83%	10.01%	9.82%	9.50%	8.30%	6.88%	6.04%	6.13%	5.83%
R&D to Revenue	9.84%	10.27%	10.38%	9.41%	8.43%	9.07%	7.72%	7.00%	6.82%	6.88%
Operating Expenses to Revenue	31.38%	33.42%	32.48%	29.45%	27.62%	27.22%	28.37%	22.62%	22.07%	22.42%
Earnings before Interest and Taxes (EBIT)	-105	-105	-89	-106	-41	-45	-92	4.00	48	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-87	-87	-69	-84	-17	-17	-62	35	81	54
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.72	8.55	8.52	11.10	8.73	8.26	11.19	11.15	11.20	13.40
Price to Tangible Book Value (P/TBV)	8.80	9.76	9.80	12.79	9.95	9.35	12.64	12.47	12.38	14.66
Price to Revenue (P/Rev)	3.49	3.44	3.10	3.61	2.79	2.55	3.27	3.26	3.42	4.17
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,089.66
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%
Enterprise Value to Invested Capital (EV/IC)	114.91	108.67	56.77	123.40	75.65	124.86	140.31	204.43	98.91	150.68
Enterprise Value to Revenue (EV/Rev)	3.07	3.06	2.79	3.31	2.50	2.26	3.00	2.98	3.14	3.89
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	178.58
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,395.74
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	375.10	64.74	72.63	53.62	47.99	53.57
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.11	-1.04	-0.96	-0.97	-0.92	-0.94	-0.90	-0.94	-0.90	-0.93
Leverage Ratio	1.60	1.60	1.57	1.59	1.58	1.62	1.67	1.67	1.58	1.59
Compound Leverage Factor	1.55	1.49	1.43	1.46	1.19	1.26	1.49	5.85	1.88	2.63
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.18	9.38	9.01	11.06	10.06	9.04	10.76	11.34	13.53	16.13
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.07	2.84	2.62	2.49	2.58	2.37	2.32	2.36	2.41	2.44
Quick Ratio	2.47	2.21	1.95	1.89	1.96	1.80	1.68	1.79	1.84	1.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-418	-321	-279	-174	-94	-32	21	30	4.40	-26
Operating Cash Flow to CapEx	-627.27%	-190.00%	-550.00%	454.55%	480.00%	836.36%	-153.85%	775.00%	908.33%	1,130.77%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.46	1.56	1.71	1.87	2.01	2.08	2.14	2.22	2.29	2.27
Accounts Receivable Turnover	37.83	41.38	39.41	36.26	41.60	52.95	45.04	40.60	46.58	53.91
Inventory Turnover	30.63	29.21	31.01	31.09	29.35	26.59	27.69	31.32	35.05	31.95
Fixed Asset Turnover	51.32	53.55	53.84	62.60	58.50	56.84	54.22	58.08	56.80	57.34
Accounts Payable Turnover	66.36	63.43	74.43	66.51	102.98	97.77	75.58	90.61	125.44	109.28
Days Sales Outstanding (DSO)	9.65	8.82	9.26	10.07	8.78	6.89	8.10	8.99	7.84	6.77
Days Inventory Outstanding (DIO)	11.92	12.50	11.77	11.74	12.44	13.73	13.18	11.65	10.41	11.42
Days Payable Outstanding (DPO)	5.50	5.75	4.90	5.49	3.54	3.73	4.83	4.03	2.91	3.34
Cash Conversion Cycle (CCC)	16.06	15.56	16.13	16.32	17.67	16.89	16.46	16.62	15.34	14.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	66	77	148	89	119	70	88	64	148	128
Invested Capital Turnover	-21.87	-55.73	74.44	110.60	38.90	52.59	34.92	57.32	34.89	50.10
Increase / (Decrease) in Invested Capital	358	252	215	118	53	-7.00	-60	-25	29	58
Enterprise Value (EV)	7,584	8,368	8,401	10,983	9,002	8,740	12,347	13,083	14,638	19,287
Market Capitalization	8,637	9,389	9,351	11,973	10,032	9,864	13,462	14,302	15,910	20,704
Book Value per Share	$2.17	$2.11	$2.08	$2.03	$2.15	$2.21	$2.20	$2.31	$2.53	$2.72
Tangible Book Value per Share	$1.90	$1.85	$1.81	$1.76	$1.88	$1.95	$1.95	$2.07	$2.29	$2.49
Total Capital	1,119	1,098	1,098	1,079	1,149	1,194	1,203	1,283	1,420	1,545
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,053	-1,021	-950	-990	-1,030	-1,124	-1,115	-1,219	-1,272	-1,417
Capital Expenditures (CapEx)	11	10	10	11	10	11	13	16	12	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-108	-110	-80	-119	-124	-217	-177	-216	-218	-253
Debt-free Net Working Capital (DFNWC)	945	911	870	871	906	907	938	1,003	1,054	1,164
Net Working Capital (NWC)	945	911	870	871	906	907	938	1,003	1,054	1,164
Net Nonoperating Expense (NNE)	39	31	17	42	-10	-3.20	44	-9.00	-23	0.00
Net Nonoperating Obligations (NNO)	-1,053	-1,021	-950	-990	-1,030	-1,124	-1,115	-1,219	-1,272	-1,417
Total Depreciation and Amortization (D&A)	18	18	20	22	24	28	30	31	33	34
Debt-free, Cash-free Net Working Capital to Revenue	-4.37%	-4.03%	-2.65%	-3.59%	-3.45%	-5.61%	-4.30%	-4.93%	-4.68%	-5.10%
Debt-free Net Working Capital to Revenue	38.21%	33.36%	28.86%	26.25%	25.18%	23.47%	22.76%	22.87%	22.63%	23.47%
Net Working Capital to Revenue	38.21%	33.36%	28.86%	26.25%	25.18%	23.47%	22.76%	22.87%	22.63%	23.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.19)	($0.19)	($0.15)	($0.19)	($0.06)	($0.06)	($0.15)	$0.03	$0.10	$0.05
Adjusted Weighted Average Basic Shares Outstanding	513.72M	512M	524.10M	529.23M	535.22M	532M	547M	556M	563M	559M
Adjusted Diluted Earnings per Share	($0.19)	($0.22)	($0.16)	($0.19)	($0.09)	($0.03)	($0.15)	$0.02	$0.07	$0.09
Adjusted Weighted Average Diluted Shares Outstanding	513.72M	512M	524.88M	529.23M	536.53M	533M	547M	587M	590M	591M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	520.74M	526.83M	530.48M	535.63M	540.21M	548M	555M	562M	568M	575M
Normalized Net Operating Profit after Tax (NOPAT)	-60	-69	-64	-56	-41	-39	-11	6.30	33	33
Normalized NOPAT Margin	-7.91%	-9.01%	-7.86%	-5.73%	-4.00%	-3.78%	-0.98%	0.51%	2.56%	2.46%
Pre Tax Income Margin	-13.56%	-12.74%	-9.89%	-9.92%	-3.00%	-3.38%	-7.63%	1.13%	4.37%	2.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	615.79%

Frequently Asked Questions About Toast's Financials

When does Toast's financial year end?

According to the most recent income statement we have on file, Toast's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Toast's net income changed over the last 5 years?

Toast's net income appears to be on a downward trend, with a most recent value of $19 million in 2024, falling from -$209 million in 2019. The previous period was -$246 million in 2023.

What is Toast's operating income?

Toast's total operating income in 2024 was $16 million, based on the following breakdown:

Total Gross Profit: $1.19 billion
Total Operating Expenses: $1.17 billion

How has Toast revenue changed over the last 5 years?

Over the last 5 years, Toast's total revenue changed from $665 million in 2019 to $4.96 billion in 2024, a change of 645.9%.

How much debt does Toast have?

Toast's total liabilities were at $863 million at the end of 2024, a 13.0% increase from 2023, and a 116.8% increase since 2020.

How much cash does Toast have?

In the past 4 years, Toast's cash and equivalents has ranged from $547 million in 2022 to $903 million in 2024, and is currently $903 million as of their latest financial filing in 2024.

How has Toast's book value per share changed over the last 5 years?

Over the last 5 years, Toast's book value per share changed from 0.00 in 2019 to 2.72 in 2024, a change of 272.0%.

Remove Ads

Related Companies

This page (NYSE:TOST) was last updated on 4/15/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Toast (TOST) Financials

Frequently Asked Questions About Toast's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Toast (TOST) Financials

Annual Income Statements for Toast

Quarterly Income Statements for Toast

Annual Cash Flow Statements for Toast

Quarterly Cash Flow Statements for Toast

Annual Balance Sheets for Toast

Quarterly Balance Sheets for Toast

Annual Metrics and Ratios for Toast

Quarterly Metrics and Ratios for Toast

Frequently Asked Questions About Toast's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools