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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.24B | 15.5% |
Gross Profit | 286M | 14.9% |
Cost of Revenue | 956M | 15.7% |
Operating expense | 281M | 7.9% |
Net Income | 14M | 116.9% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 2.16B | 5% |
Total Liabilities | 872M | 2.7% |
Total Equity | 1.28B | 6.7% |
Shares Outstanding | 556M | 1.6% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 124M | 720% |
Cash from investing | -4M | 86.2% |
Cash from financing | -26M | 135.6% |
EPS
Financial Highlights for Toast in Q2 '24
Toast reported a revenue of 1.24B, which is a 15.5% 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 286M, marking a 14.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 956M, a 15.7% 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 281M, showing a -7.9% 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 14M, showing a 116.9% 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.
It was a positive quarter for Toast with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.