Toast (TOST) FY2024 results: revenue $5.0 billion, up 28.3% on the year
Toast, Inc. (TOST) reported revenue of $5.0 billion for fiscal 2024, the year ended 31 December 2024, up 28.3% on the year before. Net income was $19 million, and diluted earnings per share $0.03. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$5.0 billion
+28.3% on the year
FY2019FY2024
Operating margin
0.3%
-7.4% a year earlier
FY2019FY2024
Net income
$19 million
FY2019FY2024
Diluted EPS
$0.03
FY2019FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
360
135
-156
+166.7%
Capital expenditure
54.0
42.0
16.0
+28.6%
Free cash flow
306
93.0
-172
+229.0%
Free cash flow margin
6.2%
2.4%
-6.3%
Cash from investing
-39.0
-86.0
-98.0
Cash from financing
18.0
63.0
38.0
-71.4%
Depreciation and amortisation
46.0
32.0
24.0
+43.8%
Share-based compensation
253
277
228
-8.7%
Buybacks
56.0
0.0
0.0
Diluted shares, weighted
591m
533m
512m
+10.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,545
1,194
1,098
+29.4%
Debt
0.0
0.0
0.0
Operating lease liabilities
24.0
33.0
80.0
-27.3%
Other liabilities
839
731
583
+14.8%
Total liabilities and equity
2,408
1,958
1,761
+23.0%
Fixed assets
98.0
75.0
61.0
+30.7%
Goodwill
113
113
107
0.0%
Intangible assets
20.0
26.0
29.0
-23.1%
Investments
n/a
519
474
Securities held for sale or to maturity
514
n/a
n/a
Cash and equivalents
903
605
547
+49.3%
Receivables
115
69.0
77.0
+66.7%
Inventory
118
118
110
0.0%
Other assets
527
433
356
+21.7%
Total assets
2,408
1,958
1,761
+23.0%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.