← Toast, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue: | $665.0m | $823.0m | $1.7b | $2.7b | $3.9b | $5.0b | $6.2b | $6.8b | |
| Cost of revenue | $601.0m |
$679.0m
+12.98%
|
$1.4b
+104.27%
|
$2.2b
+59.70%
|
$3.0b
+36.61%
|
$3.8b
+24.42%
|
$4.6b
+20.98%
|
$5.0b
+9.46%
|
|
| Total costs of revenue | $603.0m |
$683.0m
+13.27%
|
$1.4b
+103.66%
|
$2.2b
+59.60%
|
$3.0b
+36.53%
|
$3.8b
+24.38%
|
$4.6b
+20.95%
|
— | |
| Gross profit | $62.0m |
$140.0m
+125.81%
|
$314.0m
+124.29%
|
$511.0m
+62.74%
|
$834.0m
+63.21%
|
$1.2b
+42.69%
|
$1.6b
+33.87%
|
$1.8b
+14.12%
|
|
| Research and development | $64.0m | $109.0m | $163.0m | $282.0m | $358.0m | $351.0m | $374.0m | $405.0m | |
| Sales and marketing | $128.0m | $138.0m | $190.0m | $319.0m | $401.0m | $470.0m | $571.0m | — | |
| General and administrative | $83.0m | $113.0m | $189.0m | $294.0m | $362.0m | $307.0m | $344.0m | $359.0m | |
| Amortization of acquired intangible assets | $2.0m | $4.0m | $4.0m | $5.0m | $5.0m | $5.0m | $5.0m | — | |
| Restructuring expenses | — | — | — | $0 | $0 | $46.0m | $12.0m | — | |
| Total operating expenses | $275.0m | $360.0m | $542.0m | $895.0m | $1.1b | $1.2b | $1.3b | $1.4b | |
| Interest income, net | — | ($12.0m) | ($12.0m) | $11.0m | $37.0m | $42.0m | $51.0m | $52.0m | |
| Other income, net | $0 | ($1.0m) | $0 | $1.0m | $3.0m | $13.0m | $0 | $11.0m | |
| Income (loss) before income taxes | ($212.0m) | ($248.0m) | ($490.0m) | ($277.0m) | ($244.0m) | $22.0m | $346.0m | — | |
| Income tax (expense) benefit | $3.0m | $0 | $3.0m | $2.0m | ($2.0m) | ($3.0m) | ($4.0m) | $12.0m | |
| Net income (loss) | ($209.0m) |
($248.0m)
-18.66%
|
($487.0m)
-96.37%
|
($275.0m)
+43.53%
|
($246.0m)
+10.55%
|
$19.0m
+107.72%
|
$342.0m
+1700.00%
|
$486.0m
+42.11%
|
|
| Basic (in dollars per share) | ($1.08) | ($1.25) | ($1.68) | ($0.54) | ($0.46) | $0.03 | $0.59 | — | |
| Diluted (in dollars per share) | ($1.08) | ($1.25) | ($1.68) | ($0.54) | ($0.46) | $0.03 | $0.56 | — | |
| Income (loss) from operations | ($213.0m) |
($220.0m)
-3.29%
|
($228.0m)
-3.64%
|
($384.0m)
-68.42%
|
($287.0m)
+25.26%
|
$16.0m
+105.57%
|
$292.0m
+1725.00%
|
$435.0m
+48.97%
|
|
| Change in fair value of warrant liability | ($1.0m) | ($8.0m) | ($97.0m) | $95.0m | $3.0m | ($49.0m) | $3.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.