Last 7 days
-6.8%
Last 30 days
-19.5%
Last 90 days
-7.9%
Income Statement (Last 12 Months) | ||||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 10.4% | 2,731,000,000 | 2,474,000,000 | 2,208,000,000 | 1,959,000,000 | 1,705,000,000 |
Gross Profit | 20.0% | 511,000,000 | 426,000,000 | 358,000,000 | 334,000,000 | 314,000,000 |
Operating Expenses | 8.2% | 895,000,000 | 827,000,000 | 729,000,000 | 657,000,000 | 542,000,000 |
S&GA Expenses | 9.2% | 319,000,000 | 292,000,000 | 264,000,000 | 228,000,000 | 190,000,000 |
R&D Expenses | 11.5% | 282,000,000 | 253,000,000 | 219,000,000 | 202,000,000 | 163,000,000 |
EBITDA | -78.6% | -225,000,000 | -126,000,000 | -279,598,000 | -396,754,000 | -457,000,000 |
EBITDA Margin | -61.8% | -0.08 | -0.05 | -0.13 | -0.20 | -0.27 |
Earnings Before Taxes | -56.5% | -277,000,000 | -177,000,000 | -329,000,000 | -414,000,000 | -490,000,000 |
EBT Margin | -41.8% | -0.10 | -0.07 | -0.15 | -0.21 | -0.29 |
Interest Expenses | 12.0% | 28,000,000 | 25,000,000 | 18,000,000 | 12,000,000 | - |
Net Income | -58.0% | -275,000,000 | -174,000,000 | -330,000,000 | -411,000,000 | -487,000,000 |
Net Income Margin | -43.2% | -0.10 | -0.07 | -0.15 | -0.21 | -0.29 |
Free Cahsflow | 6.0% | -172,000,000 | -183,000,000 | -128,000,000 | -48,000,000 | -10,000,000 |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 1.1% | 1,761 | 1,741 | 1,750 | 1,734 | 1,735 |
Current Assets | 0.4% | 1,407 | 1,402 | 1,486 | 1,477 | 1,485 |
Cash Equivalents | -1.4% | 635 | 644 | 697 | 757 | 809 |
Inventory | 15.8% | 110 | 95.00 | 62.00 | 44.00 | 42.00 |
Net PPE | 13.0% | 61.00 | 54.00 | 45.00 | 42.00 | 41.00 |
Goodwill | 0% | 107 | 107 | 74.00 | 74.00 | 74.00 |
Liabilities | 6.6% | 663 | 622 | 600 | 591 | 644 |
Current Liabilities | 8.5% | 496 | 457 | 457 | 404 | 352 |
LT Debt, Non Current | - | - | - | - | - | - |
Shareholder's Equity | -1.9% | 1,098 | 1,119 | 1,150 | 1,143 | 1,091 |
Retained Earnings | -7.8% | -1,377 | -1,277 | -1,179 | -1,125 | -1,102 |
Additional Paid-In Capital | 3.2% | 2,477 | 2,400 | 2,334 | 2,271 | 2,194 |
Accumulated Depreciation | - | 31.00 | - | - | - | - |
Shares Outstanding | 0.8% | 514 | 510 | 505 | - | - |
Float | - | 12,000 | - | - | - | - |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 7.1% | -156 | -168 | -117 | -40.00 | 2.00 |
Share Based Compensation | 7.0% | 228 | 213 | 192 | 190 | 140 |
Cashflow From Investing | 79.8% | -98.00 | -486 | -507 | -498 | -503 |
Cashflow From Financing | -2.6% | 38.00 | 39.00 | 1,003 | 776 | 759 |
Buy Backs | - | 0.00 | - | - | - | - |
70.3%
2.7%
0%
Y-axis is the maximum loss one would have experienced if Toast was unfortunately bought at previous high price.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 79.00 | 10,861,000 | 22,536,000 | 0.03% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 5.8 | 18,000 | 147,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 2.66 | 184,374 | 1,905,370 | -% |
2023-02-27 | Parallax Volatility Advisers, L.P. | added | 102 | 893,906 | 1,647,910 | -% |
2023-02-22 | CVA Family Office, LLC | unchanged | - | 18.00 | 18.00 | -% |
2023-02-21 | Empowered Funds, LLC | added | 0.05 | 62,893 | 854,893 | 0.06% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -81.82 | -5,038,560 | 1,228,440 | -% |
2023-02-21 | MACQUARIE GROUP LTD | new | - | 2,447,770 | 2,447,770 | -% |
2023-02-17 | TRUIST FINANCIAL CORP | reduced | -7.45 | -1,757 | 446,243 | -% |
2023-02-16 | HARBOUR INVESTMENTS, INC. | unchanged | - | 1,508 | 4,508 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | hmi capital management, l.p. | 4.5% | 15,161,652 | SC 13G/A | |
Feb 14, 2023 | price t rowe associates inc /md/ | 8.0% | 26,766,711 | SC 13G/A | |
Feb 14, 2023 | d1 capital partners l.p. | 0% | 0 | SC 13G/A | |
Feb 14, 2023 | gilder gagnon howe & co llc | 0.9% | 2,943,191 | SC 13G/A | |
Feb 14, 2023 | narang aman | 6.3% | 23,663,513 | SC 13G/A | |
Feb 14, 2023 | grimm jonathan | 7.1% | 26,690,952 | SC 13G/A | |
Feb 14, 2023 | fredette stephen | 8.6% | 32,632,259 | SC 13G/A | |
Feb 14, 2023 | comparato christopher p | 3.3% | 12,126,249 | SC 13G/A | |
Feb 14, 2023 | deer x & co. ltd. | 4.9% | 17,151,096 | SC 13G/A | |
Feb 13, 2023 | generation investment management llp | 6.19% | 20,712,489 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 22, 2023 | 4 | Insider Trading | |
Mar 20, 2023 | 144 | Notice of Insider Sale Intent | |
Mar 17, 2023 | 4 | Insider Trading | |
Mar 17, 2023 | 4 | Insider Trading | |
Mar 14, 2023 | 4 | Insider Trading | |
Mar 14, 2023 | 4 | Insider Trading | |
Mar 14, 2023 | 4 | Insider Trading | |
Mar 14, 2023 | 4 | Insider Trading | |
Mar 14, 2023 | 4 | Insider Trading | |
Mar 14, 2023 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-20 | Comparato Christopher P | sold | -2,152,900 | 16.696 | -128,947 | chief executive officer |
2023-03-20 | Comparato Christopher P | sold | -556,528 | 16.696 | -33,333 | chief executive officer |
2023-03-15 | Matlock James Michael | sold | -8,770 | 17.265 | -508 | principal accounting officer |
2023-03-15 | Fredette Stephen | sold | -1,948,460 | 17.273 | -112,804 | co-president |
2023-02-24 | Bessemer Venture Partners IX L.P. | acquired | - | - | 2,980,230 | - |
2023-02-24 | Bennett Richard Kent | acquired | - | - | - | - |
2023-02-24 | Bessemer Venture Partners IX L.P. | sold | - | - | -2,980,230 | - |
2023-02-24 | Bennett Richard Kent | sold | - | - | - | - |
2023-02-22 | PATRICK DEVAL L | acquired | - | - | 7,640 | - |
2023-02-21 | Comparato Christopher P | sold | -636,294 | 19.089 | -33,333 | chief executive officer |
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenue: | |||
Total revenue | $ 2,731 | $ 1,705 | $ 823 |
Costs of revenue: | |||
Amortization of acquired intangible assets | 5 | 4 | 4 |
Total costs of revenue | 2,220 | 1,391 | 683 |
Gross profit | 511 | 314 | 140 |
Operating expenses: | |||
Sales and marketing | 319 | 190 | 138 |
Research and development | 282 | 163 | 109 |
General and administrative | 294 | 189 | 113 |
Total operating expenses | 895 | 542 | 360 |
Loss from operations | (384) | (228) | (220) |
Other income (expenses): | |||
Interest income (expense), net | 11 | (12) | (12) |
Change in fair value of warrant liability | 95 | (97) | (8) |
Change in fair value of derivative liability | 0 | (103) | (7) |
Loss on debt extinguishment | 0 | (50) | 0 |
Other income (expense), net | 1 | 0 | (1) |
Loss before benefit from income taxes | (277) | (490) | (248) |
Benefit from income taxes | 2 | 3 | 0 |
Net loss | (275) | (487) | (248) |
Redemption of Series B Preferred Stock | 0 | 0 | (1) |
Net loss attributable to common stockholders | $ (275) | $ (487) | $ (249) |
Net loss per share attributable to common stockholders: | |||
Basic (in dollars per share) | $ (0.54) | $ (1.68) | $ (1.25) |
Diluted (in dollars per share) | $ (0.72) | $ (1.68) | $ (1.25) |
Weighted average shares used in computing net loss per share: | |||
Basic (in shares) | 511,754,986 | 289,584,001 | 199,982,965 |
Diluted (in shares) | 512,243,106 | 289,584,001 | 199,982,965 |
Subscription services | |||
Revenue: | |||
Total revenue | $ 324 | $ 169 | $ 101 |
Costs of revenue: | |||
Cost of revenue | 112 | 63 | 40 |
Financial technology solutions | |||
Revenue: | |||
Total revenue | 2,268 | 1,406 | 644 |
Costs of revenue: | |||
Cost of revenue | 1,792 | 1,120 | 509 |
Hardware | |||
Revenue: | |||
Total revenue | 113 | 112 | 64 |
Costs of revenue: | |||
Cost of revenue | 215 | 152 | 85 |
Professional services | |||
Revenue: | |||
Total revenue | 26 | 18 | 14 |
Costs of revenue: | |||
Cost of revenue | $ 96 | $ 52 | $ 45 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
Current Assets: | ||
Cash and cash equivalents | $ 547 | $ 809 |
Marketable securities | 474 | 457 |
Accounts receivable, net | 77 | 55 |
Inventories, net | 110 | 42 |
Deferred costs, net | 44 | 30 |
Prepaid expenses and other current assets | 155 | 92 |
Total current assets | 1,407 | 1,485 |
Property and equipment, net | 61 | 41 |
Operating lease right-of-use assets | 77 | 79 |
Intangible assets, net | 29 | 16 |
Goodwill | 107 | 74 |
Restricted cash | 28 | 8 |
Deferred costs, non-current | 38 | 25 |
Other non-current assets | 14 | 7 |
Total non-current assets | 354 | 250 |
Total assets | 1,761 | 1,735 |
Current liabilities: | ||
Accounts payable | 30 | 40 |
Operating lease liabilities | 14 | 22 |
Deferred revenue | 39 | 44 |
Accrued expenses and other current liabilities | 413 | 246 |
Total current liabilities | 496 | 352 |
Warrants to purchase common stock | 68 | 181 |
Deferred revenue, non-current | 7 | 12 |
Operating lease liabilities, non-current | 80 | 77 |
Other long-term liabilities | 12 | 22 |
Total liabilities | 663 | 644 |
Commitments and Contingencies (Note 18) | ||
Stockholders’ Equity: | ||
Preferred stock- par value $0.000001; 100,000,000 shares authorized, no shares issued or outstanding | 0 | 0 |
Treasury stock, at cost- 225,000 shares outstanding at December 31, 2022 and 2021, respectively | 0 | 0 |
Accumulated other comprehensive loss | (2) | (1) |
Additional paid-in capital | 2,477 | 2,194 |
Accumulated deficit | (1,377) | (1,102) |
Total stockholders’ equity | 1,098 | 1,091 |
Total liabilities and stockholders’ equity | 1,761 | 1,735 |
Common Class A | ||
Stockholders’ Equity: | ||
Common stock | 0 | 0 |
Common Class B | ||
Stockholders’ Equity: | ||
Common stock | $ 0 | $ 0 |