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Toast, Inc. (TOST)

NYSE Financials Transaction & Payment Processing Services S&P MidCap 400
$34.67
-0.49 (-1.39%)
Close of Nov 06, 2026 · end-of-day data
Source: Toast, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$665.00M$823.00M$1.71B$2.73B$3.87B$4.96B$6.15B
Cost of revenue$603.00M$683.00M$1.39B$2.22B$3.03B$3.77B$4.56B
Gross profit$62.00M$140.00M$314.00M$511.00M$834.00M$1.19B$1.59B
Research & development$64.00M$109.00M$163.00M$282.00M$358.00M$351.00M$374.00M
Operating income-$213.00M-$220.00M-$228.00M-$384.00M-$287.00M$16.00M$292.00M
Interest expense$0$13.00M$12.00M————
Pre-tax income-$212.00M-$248.00M-$490.00M-$277.00M-$244.00M$22.00M$346.00M
Income tax-$3.00M$0-$3.00M-$2.00M$2.00M$3.00M$4.00M
Net income-$209.00M-$248.00M-$487.00M-$275.00M-$246.00M$19.00M$342.00M
EBITDA-$206.00M-$193.00M-$207.00M-$360.00M-$255.00M$62.00M$356.00M
EPS (basic)$-1.08$-1.25$-1.68$-0.54$-0.46$0.03$0.59
EPS (diluted)$-1.08$-1.25$-1.68$-0.72$-0.47$0.03$0.56
Diluted shares194.82M199.98M290.00M512.00M533.00M591.00M607.00M
Gross margin9.3%17.0%18.4%18.7%21.6%24.0%25.9%
Operating margin-32.0%-26.7%-13.4%-14.1%-7.4%0.3%4.7%
Net margin-31.4%-30.1%-28.6%-10.1%-6.4%0.4%5.6%

Balance sheet

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$150.00M$582.00M$809.00M$547.00M$605.00M$903.00M$1.35B
Short-term investments—$0$457.00M$474.00M$519.00M——
Receivables—$33.00M$55.00M$77.00M$69.00M$115.00M$127.00M
Inventory—$19.00M$42.00M$110.00M$118.00M$118.00M$114.00M
Total current assets—$673.00M$1.49B$1.41B$1.57B$1.98B$2.67B
Goodwill$36.00M$36.00M$74.00M$107.00M$113.00M$113.00M$113.00M
Total assets—$776.00M$1.74B$1.76B$1.96B$2.41B$3.15B
Total current liabilities—$136.00M$352.00M$496.00M$663.00M$811.00M$969.00M
Long-term debt—$172.00M$0————
Total debt—$172.00M$0————
Total liabilities—$398.00M$644.00M$663.00M$764.00M$863.00M$1.02B
Shareholders' equity-$330.00M-$471.00M$1.09B$1.10B$1.19B$1.54B$2.12B

Cash flow

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$126.00M-$125.00M$2.00M-$156.00M$135.00M$360.00M$661.00M
Capital expenditures$9.00M$28.00M$12.00M$16.00M$42.00M$54.00M$53.00M
Free cash flow-$135.00M-$153.00M-$10.00M-$172.00M$93.00M$306.00M$608.00M
Investing cash flow-$47.00M-$36.00M-$503.00M-$98.00M-$86.00M-$39.00M-$172.00M
Financing cash flow$256.00M$594.00M$759.00M$38.00M$63.00M$18.00M$7.00M
Share buybacks———$0$0$56.00M$107.00M
Stock-based compensation$34.00M$86.00M$140.00M$228.00M$277.00M$253.00M$242.00M
Depreciation & amortization$7.00M$27.00M$21.00M$24.00M$32.00M$46.00M$64.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.