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|---|---|---|
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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.31B | 5.1% |
| Gross Profit | 322M | 12.6% |
| Cost of Revenue | 983M | 2.8% |
| Operating expense | 288M | 2.5% |
| Net Income | 56M | 300% |
| EBITDA | 34M | 61.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.23B | 3.3% |
| Total Liabilities | 807M | 7.5% |
| Total Equity | 1.42B | 10.7% |
| Shares Outstanding | 563M | 1.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 109M | 12.1% |
| Cash from investing | 9M | 325% |
| Cash from financing | -40M | 53.8% |
EPS
Financial Highlights for Toast in Q3 '24
Toast reported a revenue of 1.31B, which is a 5.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 322M, marking a 12.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 983M, a 2.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 288M, showing a 2.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 56M, showing a 300% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 34M, showing a 61.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Toast with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
