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Toast TOST Hardware — Total Revenue

Discontinued — last reported Q3 '23

Other product segments

Financial technology solutions
$1.32B+22.3%
Subscription services
$268M+28.2%
Hardware and professional services
$39M-15.2%

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SQ
SQHardware revenue — Description of timing

Other financials

Income statement

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Revenue$1.6B+21.9%
Gross profit$447.0M+29.2%
Operating income$110.0M+156%
Net income$126.0M+125%
EPS (diluted)$0.20+122%

Balance sheet

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Cash & equivalents$1.4B+12.2%
Total debt$17.0M-22.7%
Total equity$2.0B+18.9%
Total assets$3.1B+20.7%

Cash flow

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Operating cash flow$132.0M+67.1%
CapEx$17.0M+70.0%
Free cash flow$115.0M+66.7%

Valuation

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Market cap$14.3B-18.1%
Enterprise value$12.91B-20.3%
P/E34.7×-75.9×
P/S2.2×-1.1×

Profitability

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Gross margin26.3%+1.6pp
Operating margin5.6%+3.4pp
Net margin6.4%+3.4pp
FCF margin10.1%+2.3pp

Returns & leverage

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Return on equity22.5%+11.5pp
Debt / equity0.0×
Current ratio2.4×-0.1×

Where this comes from

Reported directly by Toast in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Toast’s 10-Q, filed November 8, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Toast's hardware — total revenue?
Toast (TOST) reported hardware — total revenue of $34M in Q3 2023.
How has Toast's hardware — total revenue changed year-over-year?
Toast's hardware — total revenue increased by 25.9% year-over-year, from $27M to $34M.
What does hardware — total revenue mean?
Total sales revenue generated from selling physical point-of-sale equipment and hardware accessories to customers.
How do you interpret hardware — total revenue?
An increase suggests successful customer acquisition or hardware upgrades, while a decrease may indicate market saturation or a shift in strategy toward software-only deployments.
How does hardware — total revenue compare across companies?
Comparable to hardware sales revenue in other SaaS-enabled hardware businesses, though margins are typically lower than software subscription revenue.