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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Toast's Net Income for the three months ended in Sep. 2024 was $56 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-49 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Toast's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $0.09.
The historical data trend for Toast's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Toast Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Net Income | -209.00 | -248.00 | -487.00 | -275.00 | -246.00 |
Toast Quarterly Data | |||||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Net Income | Get a 7-Day Free Trial | -31.00 | -36.00 | -83.00 | 14.00 | 56.00 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Toast's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -244 | + | -2 | + | 0 | + | 0 |
= | -246 |
Toast's Net Income for the quarter that ended in Sep. 2024 is calculated as
Net Income | (Q: Sep. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 57 | + | -1 | + | 0 | + | 0 |
= | 56 |
Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-49 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Toast (NYSE:TOST) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Toast's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as
Earnings per Share (Diluted) (Q: Sep. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (56 | - | 0) | / | 590.000 | |
= | 0.09 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Toast's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
David Yuan | director | 250 MIDDLEFIELD RD, MENLO PARK CA 94025 |
Christopher P Comparato | director, officer: Chief Executive Officer | TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215 |
Richard Kent Bennett | director | 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538 |
Susan Chapman-hughes | director | 535 DEAN STREET, APT. 910, BROOKLYN NY 11217 |
Brian R Elworthy | officer: General Counsel | TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215 |
Elena Gomez | officer: Chief Financial Officer | TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215 |
Aman Narang | director, officer: See Remarks | TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215 |
Stephen Fredette | director, officer: Co-President | TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215 |
James Michael Matlock | officer: Principal Accounting Officer | TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215 |
Bessemer Venture Partners Ix L.p. | 10 percent owner | C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538 |
Mark J Hawkins | director | C/O LOGITECH, INC., 6505 KAISER DRIVE, FREMONT CA 94555 |
Technology Investment Dining Group, Llc | 10 percent owner | 18 BANK STREET, LEBANON NH 03766 |
Jonathan Grimm | 10 percent owner, officer: Chief Technology Officer | TOAST, INC., 401 PARK DRIVE, SUITE 801, BOSTON MA 02215 |
Paul D Bell | director | C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244 |
Hmi Capital Management, L.p. | 10 percent owner | 555 CALIFORNIA STREET, SUITE 4900, SAN FRANCISCO CA 94104 |
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