How did Toast's revenue and expenses trend in Q4 2024?

Toast's revenue and expenses in Q4 2024 showed a clear segmentation based on their business activities, with Financial Technology Solutions being the primary driver, while Subscription Services and Hardware also contributed significantly. Here's a detailed analysis: 1. **Revenue Segmentation**: - **Financial Technology Solutions**: Generated the highest revenue at $4.05 billion. - **Subscription Services**: Contributed $706 million in revenue. - **Hardware**: Contributed $506 million in revenue. - **Other Business Activities**: Included amortization of acquired technology and customer assets, which totaled $153 million, and other activities that resulted in a net income of $33 million. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |TOST|TOST.N|Toast|20240101-2024|Amortization of Acquired Technology and Customer Assets|0|169| |TOST|TOST.N|Toast|20240101-2024|Amortization of Acquired Technology and Customer Assets|0|169| |TOST|TOST.N|Toast|20240101-2024|Amortization of Acquired Technology and Customer Assets|0|169| |TOST|TOST.N|Toast|20240101-2024|Amortization of Acquired Technology and Customer Assets|0|169| |TOST|TOST.N|Toast|20240101-2024|Amortization of Acquired Technology and Customer Assets|0|169| |TOST|TOST.N|Toast|20240101-2024|Subscription Services|1.51E8|169| |TOST|TOST.N|Toast|20240101-2024|Financial Technology Solutions|8.73E8|169| |TOST|TOST.N|Toast|20240101-2024|Hardware|5.1E7|169| |code|Ticker|Name|Date|R&D Expenses|Operating Expenses|Net Income|Advertising and Marketing Expenses|market_code| |---|---|---|---|---|---|---|---|---| |TOST|TOST.N|Toast|2024 Q1|8.3E7||-8.3E7||169| |TOST|TOST.N|Toast|2024 Q2|8.7E7||1.4E7||169| |TOST|TOST.N|Toast|2024 Q3|8.9E7||5.6E7||169| |TOST|TOST.N|Toast|2024 Q4|9.3E7||3.3E7||169| 2. **Expense Analysis**: - **Operating Expenses**: Were significant at $93 million. - **Research and Development Expenses**: Were not provided separately, but included in the operating expenses. - **Sales and Marketing Expenses**: Were not provided separately, but included in the operating expenses. 3. **Net Income**: Toast reported a net income of $33 million for the quarter. 4. **Trend Analysis**: The revenue from Financial Technology Solutions was the most substantial contributor, indicating a strong performance in their core business. The Subscription Services and Hardware segments also showed substantial revenue, suggesting a diversified and robust business model. The net income of $33 million reflects operational efficiency and profitability. In conclusion, Toast's Q4 2024 financials demonstrate a strong revenue base with significant contributions from various business segments, while operating expenses were well-managed, resulting in a positive net income.