Toast Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	3,865	2,731	1,705	823	665
Revenue Growth (YoY)	41.52%	60.18%	107.17%	23.76%	-
Cost of Revenue	3,031	2,220	1,391	683	603
Gross Profit	834	511	314	140	62
Selling, General & Admin	763	613	379	251	211
Research & Development	358	282	163	109	64
Operating Expenses	1,121	895	542	360	275
Operating Income	-287	-384	-228	-220	-213
Interest Expense / Income	-37	-11	12	12	0
Other Expense / Income	-6	-96	250	16	-1
Pretax Income	-244	-277	-490	-248	-212
Income Tax	2	-2	-3	0	-3
Net Income	-246	-275	-487	-248	-209
Preferred Dividends	0	0	0	1	0
Net Income Common	-246	-275	-487	-249	-209
Shares Outstanding (Basic)	532	512	290	200	195
Shares Outstanding (Diluted)	533	512	290	200	195
Shares Change	4.10%	76.55%	45.01%	2.65%	-
EPS (Basic)	-0.46	-0.54	-1.68	-1.25	-1.08
EPS (Diluted)	-0.47	-0.72	-1.68	-1.25	-1.08
Free Cash Flow	93	-189	-17	-161	-141
Free Cash Flow Per Share	0.17	-0.37	-0.06	-0.81	-0.72
Gross Margin	21.58%	18.71%	18.42%	17.01%	9.32%
Operating Margin	-7.43%	-14.06%	-13.37%	-26.73%	-32.03%
Profit Margin	-6.36%	-10.07%	-28.56%	-30.26%	-31.43%
Free Cash Flow Margin	2.41%	-6.92%	-1.00%	-19.56%	-21.20%
EBITDA	-249	-264	-457	-209	-205
EBITDA Margin	-6.44%	-9.67%	-26.80%	-25.39%	-30.83%
Depreciation & Amortization	32	24	21	27	7
EBIT	-281	-288	-478	-236	-212
EBIT Margin	-7.27%	-10.55%	-28.04%	-28.68%	-31.88%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).