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    Toast Inc (TOST)

    Financials

    Updated May 9, 2025, 11:00 AM UTC
    Income Statement - MetricQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Subscription services Revenue (USD, millions)142.00500151167.00188.00--209
    Financial technology solutions Revenue (USD, millions)851.003,1898731,023.001,067.00--1,082
    Hardware and professional services Revenue (USD, millions)43.001765153.0049.00--46
    Total Revenue (USD, millions)1,036.003,8651,0751,243.001,304.00--1,337
    Subscription services Costs of revenue (USD, millions)48.001665053.0056.00--66
    Financial technology solutions Costs of revenue (USD, millions)675.002,503683805.00835.00--831
    Hardware and professional services Costs of revenue (USD, millions)86.003579296.0091.00--93
    Amortization of acquired intangible assets Costs of revenue (USD, millions)1.00511.002.00--1
    Total Costs of revenue (USD, millions)810.003,031826955.00984.00--991
    Gross Profit (USD, millions)226.00834249288.00320.00--346
    Sales and marketing Operating Expenses (USD, millions)102.00401107115.00118.00--133
    Research and development Operating Expenses (USD, millions)94.003588386.0089.00--84
    General and administrative Operating Expenses (USD, millions)86.003627475.0080.00--79
    Restructuring expenses Operating Expenses (USD, millions)--415.000.00--7
    Total Operating Expenses (USD, millions)282.001,121305281.00287.00--303
    Income (loss) from Operations (USD, millions)(56.00)(287)(56)7.0033.00--43
    Interest income (expense), net Other income (expense) (USD, millions)10.00371010.0010.00--12
    Change in fair value of warrant liability Other income (expense) (USD, millions)8.003(36)(1.00)0.00--3
    Income (loss) before taxes (USD, millions)(35.00)(244)(82)15.0057.00--58
    Income tax (expense) benefit (USD, millions)(1.00)(2)(1)(1.00)(1.00)--(2)
    Net income (loss) (USD, millions)(36.00)(246)(83)14.0056.00--56
    Balance Sheet - MetricQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, millions)605605578691761--1,005
    Marketable securities (USD, millions)519519537528511--484
    Accounts receivable, net (USD, millions)696986101105--118
    Inventories, net (USD, millions)118118120110106--111
    Other current assets (USD, millions)259259330309319--404
    Total current assets (USD, millions)1,5701,5701,6511,7391,802--2,122
    Property and equipment, net (USD, millions)7575829095--93
    Operating lease right-of-use assets (USD, millions)3636343331--23
    Intangible assets, net (USD, millions)2626252322--19
    Goodwill (USD, millions)113113113113113--113
    Restricted cash (USD, millions)5555575856--67
    Other non-current assets (USD, millions)83839099108--127
    Total non-current assets (USD, millions)388388401416425--442
    Total assets (USD, millions)1,9581,9582,0522,1552,227--2,564
    Accounts payable (USD, millions)3232493330--48
    Deferred revenue (USD, millions)3939506262--58
    Accrued expenses and other current liabilities (USD, millions)592592614641656--738
    Total current liabilities (USD, millions)663663713736748--844
    Warrants to purchase common stock (USD, millions)646410010127--19
    Other long-term liabilities (USD, millions)44665--6
    Total liabilities (USD, millions)764764849872807--891
    Accumulated other comprehensive income (loss) (USD, millions)--(1)(1)3--0
    Additional paid-in capital (USD, millions)2,8172,8172,9102,9763,053--3,221
    Accumulated deficit (USD, millions)(1,623)(1,623)(1,706)(1,692)(1,636)--(1,548)
    Total stockholders’ equity (USD, millions)1,1941,1941,2031,2831,420--1,673
    Total liabilities and stockholders’ equity (USD, millions)1,9581,9582,0522,1552,227--2,564
    Cash Flow - MetricQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net income (loss) (USD, millions)(36.00)(246)(83)14.0056.0032.001956
    Depreciation and amortization (USD, millions)10.00321112.0012.0011.004619
    Stock-based compensation expense (USD, millions)71.002776667.0060.0060.0025360
    Amortization of deferred contract acquisition costs (USD, millions)18.00621919.0021.0023.008223
    Change in fair value of warrant liability (USD, millions)(8.00)(3)361.000.0012.0049(3)
    Credit loss expense (USD, millions)20.00641517.0018.0020.007022
    Other non-cash items (USD, millions)(3.00)(17)(2)(1.00)(2.00)(2.00)(7)0
    Net cash provided by (used in) operating activities (USD, millions)92.00135(20)124.00109.00147.0036079
    Capital expenditures (USD, millions)(15.00)(42)(13)(16.00)(12.00)(13.00)(54)(10)
    Purchases of marketable securities (USD, millions)(144.00)(623)(145)(131.00)(77.00)(120.00)(473)(110)
    Proceeds from the sale of marketable securities (USD, millions)12.00351835.0027.0046.0012640
    Maturities of marketable securities (USD, millions)142.00556111108.0071.0072.00362102
    Proceeds from issuance of common stock (USD, millions)5.00362827.0029.0015.009926
    Change in customer funds obligations, net (USD, millions)0.002749(21.00)12.00(4.00)3664
    Repurchases of Class A common stock (USD, millions)--(4)(32.00)(20.00)0.00(56)(17)
    Net cash provided by financing activities (USD, millions)5.006373(26.00)(40.00)11.001873
    Net increase (decrease) in cash, cash equivalents, cash held on behalf of customers and restricted cash (USD, millions)96.001122494.0078.00142.00338174
    Cash, cash equivalents, cash held on behalf of customers and restricted cash at beginning of period (USD, millions)6356357477477477477471,085
    Cash, cash equivalents, cash held on behalf of customers and restricted cash at end of period (USD, millions)7477477718649441,0851,0851,259
    Cash and cash equivalents (USD, millions)6056055786917619039031,005
    Cash held on behalf of customers (USD, millions)8787136115127123123187
    Restricted cash (USD, millions)5555575856595967
    Total cash, cash equivalents, cash held on behalf of customers and restricted cash (USD, millions)7477477718649441,0851,0851,259
    Revenue by Segment - in Millions of USDQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Subscription Services1415001511661892706209
    Financial Technology Solutions8523,1898731,0231,0671,094,0531,082
    Hardware--------
    Professional Services--------
    Hardware and Professional Services-1765153494820146
    Total Revenue1,0363,8651,0751,2421,3051,3384,9601,337
    Revenue by Geography - in Millions of USDQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    United States--------
    Other Regions--------
    Total Revenue1,0363,8651,0751,2421,3051,3384,960-