Toast Investors Will Love Looking at This 1 Important Metric

A key claim from management seems to be true, and it's a big deal. Despite revenue and customers increasing over 30% last quarter, the company's sales and marketing expense was only up 8%. Admittedly, there were some non-cash accounting items in this figure, but even adjusting for them, marketing expenses only increased 12% year over year. Another reason this is good news for Toast Sales and marketing is the biggest component of the company's operating expenses, so as revenue far outpaces those expenses, a ...