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Financials · TOST

Toast Inc. (TOST) financials

For the twelve months ended Sep 30, 2026, Toast Inc. reported $7.15B of revenue and $550.00M of net income.

Revenue, TTM
$7.15B
Revenue growth, YoY
+22.1%
Net income, TTM
$550.00M
Net income growth, YoY
+101.5%
Net margin
7.7%
Free cash flow, TTM
$604.00M
EPS, diluted, TTM
$0.93
Cash
$1.20B
P/E
36.73
P/S
2.82
Market cap
$20.20B
Annual revenue$6.15B
FY2019FY2025
Annual net income$342.00M
FY2019FY2025
Annual free cash flow$608.00M
FY2019FY2025

TOST revenue and earnings growth

TOST revenueQ3 2026$1.98B

Quarter YoY
+21.3%
QoQ
+3.8%
FY YoY
+24.1%
5Y CAGR
+49.5%

TOST revenue was $1.98B in fiscal Q3 2026 (ended Sep 30, 2026), up 21.3% from a year earlier and up 3.8% from the prior quarter. For the full fiscal 2025 it was $6.15B, up 24.1% from fiscal 2024. Compound annual growth was +49.5% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

TOST net incomeQ3 2026$169.00M

Quarter YoY
+61.0%
QoQ
+9.7%
FY YoY
18x

TOST net income was $169.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 61.0% from a year earlier and up 9.7% from the prior quarter. For the full fiscal 2025 it was $342.00M, up about 18-fold from fiscal 2024. Fiscal 2025 is the highest of the 7 fiscal years on file.

TOST EPSQ3 2026$0.29

Quarter YoY
+81.2%
QoQ
+11.5%
FY YoY
19x

TOST diluted EPS was $0.29 in fiscal Q3 2026 (ended Sep 30, 2026), up 81.2% from a year earlier and up 11.5% from the prior quarter. For the full fiscal 2025 it was $0.56, up about 19-fold from fiscal 2024.

TOST free cash flowQ3 2026$181.00M

Quarter YoY
+18.3%
QoQ
+39.2%
FY YoY
+98.7%

TOST free cash flow was $181.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 18.3% from a year earlier and up 39.2% from the prior quarter. For the full fiscal 2025 it was $608.00M, up 98.7% from fiscal 2024. Fiscal 2025 is the highest of the 7 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$6.15B$4.96B$3.87B$2.73B$1.71B$823.00M$665.00M
Cost of revenue$4.56B$3.77B$3.03B$2.22B$1.39B$683.00M$603.00M
Gross profit$1.59B$1.19B$834.00M$511.00M$314.00M$140.00M$62.00M
Research and development$374.00M$351.00M$358.00M$282.00M$163.00M$109.00M$64.00M
Selling, general and admin$344.00M$307.00M$362.00M$294.00M$189.00M$113.00M$83.00M
Operating income$292.00M$16.00M-$287.00M-$384.00M-$228.00M-$220.00M-$213.00M
Interest expense----$12.00M$13.00M$0
Pre-tax income$346.00M$22.00M-$244.00M-$277.00M-$490.00M-$248.00M-$212.00M
Income tax$4.00M$3.00M$2.00M-$2.00M-$3.00M$0-$3.00M
Net income$342.00M$19.00M-$246.00M-$275.00M-$487.00M-$248.00M-$209.00M
EPS, basic$0.59$0.03-$0.46-$0.54-$1.68-$1.25-$1.08
EPS, diluted$0.56$0.03-$0.47-$0.72-$1.68-$1.25-$1.08
Diluted shares607.0M591.0M533.0M512.0M290.0M200.0M194.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$1.35B$1.08B$605.00M$635.00M$851.00M$594.00M$159.00M
Receivables$127.00M$115.00M$69.00M$77.00M$55.00M$33.00M-
Inventory$114.00M$118.00M$118.00M$110.00M$42.00M$19.00M-
Current assets$2.67B$1.98B$1.57B$1.41B$1.49B$673.00M-
Goodwill$113.00M$113.00M$113.00M$107.00M$74.00M$36.00M$36.00M
Total assets$3.15B$2.41B$1.96B$1.76B$1.74B$776.00M-
Current liabilities$969.00M$811.00M$663.00M$496.00M$352.00M$136.00M-
Long-term debt----$0$172.00M-
Total debt----$0$172.00M-
Total liabilities$1.02B$863.00M$764.00M$663.00M$644.00M$398.00M-
Shareholders' equity$2.12B$1.54B$1.19B$1.10B$1.09B-$471.00M-$330.00M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow$661.00M$360.00M$135.00M-$156.00M$2.00M-$125.00M-$126.00M
Capital expenditures$53.00M$54.00M$42.00M$33.00M$19.00M$28.00M$9.00M
Free cash flow$608.00M$306.00M$93.00M-$189.00M-$17.00M-$153.00M-$135.00M
Investing cash flow-$172.00M-$39.00M-$86.00M-$98.00M-$503.00M-$36.00M-$47.00M
Financing cash flow$7.00M$18.00M$63.00M$38.00M$759.00M$594.00M$256.00M
Share repurchases$107.00M$56.00M$0$0---
Stock-based compensation$242.00M$253.00M$277.00M$228.00M$140.00M$86.00M$34.00M
Depreciation and amortization$64.00M$46.00M$32.00M$24.00M$21.00M$27.00M$7.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY24.1%28.3%41.5%60.2%107.2%23.8%-
Net income growth, YoY1700.0%------
EPS growth, YoY1766.7%------
Gross margin25.9%24.0%21.6%18.7%18.4%17.0%9.3%
Operating margin4.7%0.3%-7.4%-14.1%-13.4%-26.7%-32.0%
Net margin5.6%0.4%-6.4%-10.1%-28.6%-30.1%-31.4%
Free cash flow margin9.9%6.2%2.4%-6.9%-1.0%-18.6%-20.3%
Return on equity16.1%1.2%-20.6%-25.0%-44.6%--
Return on assets10.9%0.8%-12.6%-15.6%-28.1%-32.0%-
Current ratio2.752.442.372.844.224.95-
Debt to equity----0.00--

Source: XBRL data Toast Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TOST peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TOST$7.15B+22.1%$550.00M7.7%$20.20B
ADP$22.26B+6.5%$4.53B20.3%$119.24B
INFY$20.16B+4.6%$3.31B16.4%$50.24B
WDAY$10.15B+13.3%$1.25B12.3%$45.84B
ZS$3.35B+25.4%-$63.18M-1.9%$32.45B
CTSH$21.89B+5.0%$2.57B11.8%$28.43B
VRSN$1.73B+6.5%$849.80M49.1%$27.43B
VRSK$3.18B+4.9%$879.20M27.7%$25.73B
IOT$1.85B+29.5%$90.55M4.9%$24.73B

TOST FAQ

9 questions
  • What is TOST revenue?
    Toast Inc. (TOST) reported $7.15B of revenue for the twelve months ended Sep 30, 2026. That is up 22.1% from the year before. Revenue for fiscal 2025 was $6.15B.
  • Is TOST profitable?
    Yes. Toast Inc. earned $550.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 7.7%.
  • How much cash and debt does TOST have?
    Toast Inc. reported $1.20B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is TOST revenue growing?
    Toast Inc.'s revenue changed +24.1% in fiscal 2025, to $6.15B. Its compound annual growth rate was +49.5% over 5 years.
  • What is TOST gross margin?
    Toast Inc.'s gross profit was $1.93B on $7.15B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 27.0%.
  • What is TOST free cash flow?
    Toast Inc. generated $604.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $668.00M less capital expenditures.
  • What is TOST earnings per share?
    Diluted earnings per share were $0.93 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did TOST last report financial results?
    The latest statements here come from Toast Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this TOST financial data come from?
    Quantisnow builds these statements from the structured XBRL data Toast Inc. files with the SEC. It is provided for information only and is not investment advice.