Toast, Inc. Financial Statements — TOST Stock

Income Statement	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	665	823	1,705	2,731	3,865	4,960
- Cost of Revenue	603	683	1,391	2,220	3,031	3,770
+ Cost of Goods & Services	603	683	1,391	2,220	3,031	3,770
+ Sales & Services Revenue	665	823	1,705	2,731	3,865	4,960
Gross Profit	62	140	314	511	834	1,190
- Operating Expenses	275	360	542	895	1,121	1,128
+ Research & Development	64	109	163	282	358	351
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	211	251	379	613	763	777
+ Other Operating Income	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-213	-220	-228	-384	-287	62
- Non-Operating (Income) Loss	-1	28	262	-107	-43	40
+ Interest Expense, Net	-2	11	12	-11	-37	-42
+ Interest Expense	- -	12	12	- -	- -	- -
- Interest Income	2	1	- -	11	37	42
+ Other Non-Op (Income) Loss	1	17	250	-96	-6	82
Pretax Income	-212	-248	-490	-277	-244	22
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
- Income Tax Expense (Benefit)	-3	- -	-3	-2	2	3
Income (Loss) from Cont Ops	-209	-248	-487	-275	-246	19
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-209	-248	-487	-275	-246	19
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-209	-248	-487	-275	-246	19
- Other Adjustments	- -	- -	- -	- -	- -	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-209	-248	-487	-275	-246	19
Basic Weighted Avg Shares	461	461	290	512	532	- -
Basic EPS, GAAP	-0.45	-0.54	-1.68	-0.54	-0.46	- -
Basic EPS from Cont Ops	-0.45	-0.54	-1.68	-0.54	-0.46	- -
Diluted Weighted Avg Shares	461	461	290	512	533	- -
Diluted EPS, GAAP	-0.45	-0.54	-1.68	-0.54	-0.46	- -
Diluted EPS from Cont Ops	-0.45	-0.54	-1.68	-0.54	-0.46	- -
EBITDA	-206	-193	-207	-360	-255	108
EBITDA Margin (%)	-30.98	-23.45	-12.14	-13.18	-6.6	2.18
EBITA	-213	-220	-228	-384	-287	62
EBIT	-213	-220	-228	-384	-287	62
Gross Margin (%)	9.32	17.01	18.42	18.71	21.58	23.99
Operating Margin (%)	-32.03	-26.73	-13.37	-14.06	-7.43	1.25
Profit Margin (%)	-31.43	-30.13	-28.56	-10.07	-6.36	0.38
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	7	27	21	24	32	46

Balance Sheet	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	228	673	1,485	1,407	1,570	1,975
+ Accounts & Notes Receiv	45	33	55	109	69	115
+ Accounts Receivable, Net	11	5	20	45	57	99
+ Loans Receivable, Net	2	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	32	28	35	64	12	16
+ Cash, Cash Equivalents & STI	150	582	1,266	1,021	1,124	1,417
+ Cash & Cash Equivalents	150	582	809	547	605	903
+ ST Investments	- -	- -	457	474	519	514
+ Inventories	15	19	42	110	118	118
+ Inventory Adjustments	-2	-5	-3	-13	- -	- -
+ Finished Goods	17	23	42	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	1	3	123	118	118
+ Other ST Assets	18	39	122	167	259	325
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	77	103	250	354	388	433
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	20	44	120	138	111	123
- Accumulated Depreciation	4	15	31	48	61	100
+ Property, Plant & Equip	24	59	151	186	172	223
+ Other LT Assets	57	59	130	216	277	310
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	53	43	90	136	139	133
+ Goodwill	36	36	74	107	113	113
+ Other Intangible Assets	17	7	16	29	26	20
+ Misc LT Assets	5	16	40	80	138	177
Total Assets	306	776	1,735	1,761	1,958	2,408
+ Payables & Accruals	76	71	224	330	456	544
+ Other Payables & Accruals	44	40	184	300	424	507
+ Accounts Payable	32	30	40	30	32	37
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	1	1	- -	- -	- -	- -
+ ST Debt	9	- -	22	14	11	- -
+ ST Borrowings	9	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	22	14	11	- -
+ Other ST Liabilities	54	65	106	152	196	267
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	15	22	62	113	157	208
+ Deferred Revenue	39	43	44	39	39	59
Total Current Liabilities	140	136	352	496	663	811
+ LT Debt	- -	172	77	80	33	24
+ LT Borrowings	- -	172	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	77	80	33	24
+ Other LT Liabilities	496	939	215	87	68	28
+ Accrued Liabilities	46	35	12	7	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	451	904	203	80	68	28
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	496	1,111	292	167	101	52
Total Liabilities	636	1,247	644	663	764	863
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	56	145	2,194	2,477	2,817	3,150
+ Additional Paid in Capital	56	145	2,194	2,477	2,817	3,150
+ Common Stock	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-386	-616	-1,102	-1,377	-1,623	-1,604
+ Other Equity	- -	- -	-1	-2	- -	-1
Equity Before Minority Interest	-330	-471	1,091	1,098	1,194	1,545
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	-330	-471	1,091	1,098	1,194	1,545
Total Liabilities & Equity	306	776	1,735	1,761	1,958	2,408
Shares Outstanding	499	504	507	523	543	572
Capital Leases - Total	- -	- -	99	94	44	24
Net Debt	-141	-410	-809	-547	-605	-903
Net Debt to Equity	42.72	87.05	-74.15	-49.82	-50.67	-58.45
Tangible Common Equity Ratio	-151.26	-70.12	60.85	59.2	58	62.07
Current Ratio	1.64	4.95	4.22	2.84	2.37	2.44
Cash Conversion Cycle	- -	-3.69	1.64	11.26	14.82	13.82
Number of Employees	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	-209	-248	-487	-275	-246	19
+ Depreciation & Amortization	7	27	21	24	32	46
+ Non-Cash Items	32	124	457	224	408	443
+ Asset Impairment Charge	- -	- -	- -	- -	15	5
+ Deferred Income Taxes	-3	- -	-3	-5	- -	- -
+ Other Non-Cash Adj	1	38	301	-9	106	180
+ Stock-Based Compensation	34	86	159	238	287	258
+ Chg in Non-Cash Work Cap	44	-28	11	-129	-59	-148
+ (Inc) Dec in Accts Receiv	-26	-13	-23	-35	-3	-72
+ Inc (Dec) in Accts Payable	37	-9	160	105	82	53
+ (Inc) Dec in Inventories	-7	-4	-23	-68	-7	- -
+ (Inc) Dec in Prepaid Assets	-11	18	-44	-40	- -	- -
+ Inc (Dec) in Other	51	-20	-59	-91	-131	-129
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-126	-125	2	-156	135	360
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-9	-28	-12	-16	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-9	-28	-12	-16	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	-459	-19	-32	15
+ Dec in LT Investment	- -	- -	10	415	591	488
+ Inc in LT Investment	- -	- -	-469	-434	-623	-473
+ Net Cash From Acq & Div	-33	- -	-26	-46	-9	- -
+ Cash for Acq of Subs	-41	- -	-26	-46	-9	- -
+ Cash from Divestitures	8	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-5	-8	-6	-17	-45	-54
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-47	-36	-503	-98	-86	-39
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	4	177	-245	- -	- -	- -
+ Cash From Debt	10	195	- -	- -	- -	- -
+ Repayments of Debt	-6	-18	-245	- -	- -	- -
+ Cash (Repurchase) of Equity	1	- -	984	15	36	43
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-56
+ Increase in Capital Stock	1	- -	984	15	36	99
+ Other Financing Activities	251	418	20	23	27	-25
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	256	594	759	38	63	18
Effect of Foreign Exchange Rates	- -	2	-1	- -	- -	-1
Net Changes in Cash	83	433	258	-216	112	339
Capital Expenditures	-9	-28	-12	-16	- -	- -
EBITDA	-206	-193	-207	-360	-255	108
EBITDA Margin (%)	-30.98	-23.45	-12.14	-13.18	-6.6	2.18
Net Cash Paid for Acquisitions	33	- -	26	46	9	- -
Free Cash Flow	-135	-153	-10	-172	135	360
Free Cash Flow to Firm	- -	- -	- -	- -	- -	360
Free Cash Flow to Equity	- -	24	-255	-172	135	360
Free Cash Flow per Basic Share	-0.29	-0.33	-0.03	-0.34	0.25	- -
Price/Free Cash Flow	- -	- -	717.96	-65.97	72.09	- -
Cash Flow to Net Income	0.6	0.5	- -	0.57	-0.55	18.95

Toast, Inc.

Income Statement

Balance Sheet

Cash Flow Statement