• Toast average return on tangible equity for 2024 was -9.98, a 69.29% decline from 2023.
• Toast average return on tangible equity for 2023 was -32.5, a 1.57% decline from 2022.
• Toast average return on tangible equity for 2022 was -33.02, a 34.95% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.