TOAST Reports Record-Breaking Second Quarter Earnings for Fiscal Year 2023

August 12, 2023

🌥️Earnings Overview

On June 30, 2023, TOAST ($NYSE:TOST) announced their second quarter fiscal year 2023 earnings results, revealing a 44.9% year-over-year growth in total revenue to USD 978.0 million. Although this was a significant increase, the company’s net income for the quarter was still at USD -98.0 million, a higher result than their previous year’s figure of -54.0 million.

Market Price

The stock opened at $20.1 and closed at $20.2, down by 0.7% from the previous closing price of $20.4. Despite the slight dip in stock value, investors remain confident in TOAST‘s outlook for the rest of the fiscal year. Live Quote…

About the Company

  • TOAST_Reports_Record-Breaking_Second_Quarter_Earnings_for_Fiscal_Year_2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Toast. TOAST_Reports_Record-Breaking_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…

    Total Revenues Net Income Net Margin
    3.32k -377 -9.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Toast. TOAST_Reports_Record-Breaking_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…

    Operations Investing Financing
    -93 -110 42
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Toast. TOAST_Reports_Record-Breaking_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…

    Total Assets Total Liabilities Book Value Per Share
    1.79k 716 2.03
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Toast are shown below. TOAST_Reports_Record-Breaking_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    60.1% -10.8%
    FCF Margin ROE ROA
    -4.1% -20.5% -12.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has conducted an analysis of TOAST‘s wellbeing and found that it is a medium-risk investment in terms of both financial and business aspects. Our Risk Rating has returned a score that places TOAST in the medium range, suggesting that while there are some risks to consider, they are unlikely to have a significant impact on the company. Additionally, GoodWhale has detected one risk warning in TOAST’s cashflow statement. If you are a registered user, you can check this out and gain more insight into any potential risks associated with investing in the company. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    In the market for point-of-sale (POS) systems, there is intense competition among a few major players. Toast Inc, GreenBox POS, Rs2 Software PLC, and Hank Payments Corp are all vying for a share of the market. All of these companies offer POS systems that are feature-rich and competitively priced.

    – GreenBox POS ($NASDAQ:GBOX)

    PLC is a publicly traded company with a market capitalization of 266.3 million as of 2022. It has a return on equity of 6.98%. PLC is engaged in the development, manufacture and sale of software products and services. The company’s products and services are used by businesses and organizations of all sizes, in a variety of industries, including healthcare, financial services, manufacturing, retail, and education.

    – Rs2 Software PLC ($LTS:0MVH)

    Hank Payments Corp is a publicly traded company that provides mobile payment solutions. The company has a market capitalization of 4.02 million as of 2022. Hank Payments Corp’s primary product is Hanko, a mobile payment application that allows users to make payments using their smartphone. Hanko is available for both Android and iOS devices.


    Investors should consider taking a closer look at TOAST due to its impressive increase in total revenue year-over-year. Despite this, the company still reported a net income of -98.0 million for the quarter, although it was an improvement from the previous year’s -54.0 million. With such a drastic rise in gross revenue, investors may be optimistic about the future of the company as they continue to invest and create new products or services. With a long-term investment approach, this could become an attractive option for those looking to build a healthy portfolio.

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