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TOSTToast, Inc.
$24.66$14.3B
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TOST logoToast, Inc.(TOST)Earnings, Financials & Key Ratios

TOST•NYSE
44.0× P/E·Price updated Jun 19, 2026
SectorTechnologyIndustryInfrastructure SoftwareSub-IndustryPayments and fintech infrastructure
AboutToast, Inc. operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader. It also provides kitchen display system software that connects the front of the house with the kitchen staff; multi-location management software, which allows customers to manage and standardize their operations and configure menus; xtraCHEF that provides back-office tools; and Toast Flex for Kitchen, a larger format mountable piece of hardware that can be used as a kitchen screen. In addition, the company offers Toast Online Ordering & Toast TakeOut app, a software-based platform that provides restaurants to take off-premises orders directly through their branded website; First-Party Delivery services for restaurants to manage a fleet of drivers, and customize delivery hours, zones, fees, and minimum ticket sizes; Toast Delivery Services, which enables restaurants to utilize a partner network of delivery drivers; and Toast Delivery Partners services. Further, it provides loyalty programs and gift cards; payroll and team management products; business owner policy insurance and restaurant-specific add-ons; payment processing solutions; loans advanced to restaurants; purchase financing; reporting and analytics solutions; Toast Partner Connect that allows customers to discover, select, and connect their restaurant to its partners; and bi-directional APIs. The company was incorporated in 2011 and is headquartered in Boston, Massachusetts.Show more
  • Revenue$6.15B+24.1%
  • EBITDA$372M+500.0%
  • Net Income$342M+1700.0%
  • EPS (Diluted)0.56+1639.1%
  • Gross Margin25.76%+7.4%
  • EBITDA Margin6.05%+383.7%
  • Operating Margin4.96%+1436.5%
  • Net Margin5.56%+1350.9%
  • ROE18.64%+1243.7%

TOST Key Insights

Toast, Inc. (TOST) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 49.5%
  • ✓Efficient asset utilization: 2.0x turnover

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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TOST Price & Volume

Toast, Inc. (TOST) stock price & volume — 10-year historical chart

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TOST Growth Metrics

Toast, Inc. (TOST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years49.53%
3 Years31.1%
TTM23.44%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM160.76%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM177.19%

Return on Capital

10 Years-34.26%
5 Years-11.39%
3 Years-1.8%
Last Year15.94%

TOST Recent Earnings

Toast, Inc. (TOST) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.29+6.2%
$0.27
Rev
$1.6B-0.2%
$1.6B
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$0.23-3.8%
$0.24
Rev
$1.6B+0.9%
$1.6B
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$0.25+4.4%
$0.24
Rev
$1.6B+2.9%
$1.6B
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$0.24+6.6%
$0.23
Rev
$1.6B+1.6%
$1.5B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.29vs $0.27+6.2%
$1.6Bvs $1.6B-0.2%
Q1 2026Feb 12, 2026
$0.23vs $0.24-3.8%
$1.6Bvs $1.6B+0.9%
Q4 2025Nov 4, 2025
$0.25vs $0.24+4.4%
$1.6Bvs $1.6B+2.9%
Q3 2025Aug 5, 2025
$0.24vs $0.23+6.6%
$1.6Bvs $1.5B+1.6%
Based on last 12 quarters of dataView full earnings history →

TOST Peer Comparison

Toast, Inc. (TOST) competitors in Payments and fintech infrastructure — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PAX logoPAXPatria Investments LimitedDirect Competitor1.81B11.3721.062.56%22.33%14.36%0.31
PAR logoPARPAR Technology CorporationDirect Competitor630.65M15.29-7.3230.16%-16.04%-9.11%0.49
RSKD logoRSKDRiskified Ltd.Direct Competitor762M4.95-27.505.23%-5.17%-5.93%0.08
LSPD logoLSPDLightspeed Commerce Inc.Product Competitor1.3B9.40-9.1313.95%-11.79%-9.59%0.01
FOUR logoFOURShift4 Payments, Inc.Product Competitor2.73B39.4236.5025.5%2.29%5.13%2.36
SMRT logoSMRTSmartRent, Inc.Product Competitor217.91M1.13-3.53-12.9%-16.59%-10.61%0.03
UBER logoUBERUber Technologies, Inc.Supply Chain148.39B71.6415.1518.28%15.91%32.02%0.48
DASH logoDASHDoorDash, Inc.Supply Chain75.58B173.4681.4427.93%6.28%9.56%0.37

Compare TOST vs Peers

Toast, Inc. (TOST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PAX

Most directly comparable listed peer for TOST.

Scale Benchmark

vs V

Larger-name benchmark to compare TOST against a more recognizable public peer.

Peer Set

Compare Top 5

vs PAX, PAR, RSKD, LSPD

TOST Income Statement

Toast, Inc. (TOST) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
665M823M1.71B2.73B3.87B4.96B6.15B6.45B
Revenue Growth %
-23.76%107.17%60.18%41.52%28.33%24.05%23.44%
Cost of Goods Sold
603M683M1.39B2.22B3.03B3.77B4.56B4.75B
COGS % of Revenue
90.68%82.99%81.58%81.29%78.42%76.01%74.11%-
Gross Profit
62M▲ 0%
140M▲ 125.8%
314M▲ 124.3%
511M▲ 62.7%
834M▲ 63.2%
1.19B▲ 42.7%
1.58B▲ 33.2%
1.69B▲ 0%
Gross Margin %
9.32%17.01%18.42%18.71%21.58%23.99%25.76%26.23%
Gross Profit Growth %
-125.81%124.29%62.74%63.21%42.69%33.19%-
Operating Expenses
275M360M542M895M1.12B1.17B1.28B1.33B
OpEx % of Revenue
41.35%43.74%31.79%32.77%29%23.67%20.8%-
Selling, General & Admin
211M251M379M613M763M777M915M943M
SG&A % of Revenue
31.73%30.5%22.23%22.45%19.74%15.67%14.87%-
Research & Development
64M109M163M282M358M351M371M385M
R&D % of Revenue
9.62%13.24%9.56%10.33%9.26%7.08%6.03%-
Other Operating Expenses
0000046M-6M0
Operating Income
-213M▲ 0%
-220M▼ 3.3%
-228M▼ 3.6%
-384M▼ 68.4%
-287M▲ 25.3%
16M▲ 105.6%
305M▲ 1806.3%
363M▲ 0%
Operating Margin %
-32.03%-26.73%-13.37%-14.06%-7.43%0.32%4.96%5.63%
Operating Income Growth %
--3.29%-3.64%-68.42%25.26%105.57%1806.25%-
EBITDA
-206M-193M-207M-360M-255M62M372M419M
EBITDA Margin %
-30.98%-23.45%-12.14%-13.18%-6.6%1.25%6.05%6.5%
EBITDA Growth %
-6.31%-7.25%-73.91%29.17%124.31%500%149.4%
D&A (Non-Cash Add-back)
7M27M21M24M32M46M67M56M
EBIT
-212M-236M-228M-384M-287M62M305M384M
Net Interest Income
2M-11.81M-12M11M37M42M51M39M
Interest Income
2M842K011M37M42M51M39M
Interest Expense
012.65M12M00000
Other Income/Expense
1M-28M-262M107M43M6M41M56M
Pretax Income
-212M▲ 0%
-248M▼ 17.0%
-490M▼ 97.6%
-277M▲ 43.5%
-244M▲ 11.9%
22M▲ 109.0%
346M▲ 1472.7%
419M▲ 0%
Pretax Margin %
-31.88%-30.13%-28.74%-10.14%-6.31%0.44%5.62%6.5%
Income Tax
-3M0-3M-2M2M3M4M7M
Effective Tax Rate %
1.42%0%0.61%0.72%-0.82%13.64%1.16%1.67%
Net Income
-209M▲ 0%
-248M▼ 18.7%
-487M▼ 96.4%
-275M▲ 43.5%
-246M▲ 10.5%
19M▲ 107.7%
342M▲ 1700.0%
412M▲ 0%
Net Margin %
-31.43%-30.13%-28.56%-10.07%-6.36%0.38%5.56%6.39%
Net Income Growth %
--18.66%-96.37%43.53%10.55%107.72%1700%160.76%
Net Income (Continuing)
-209M-248M-487M-275M-246M19M342M412M
Discontinued Operations
00000000
Minority Interest
00000000
EPS (Diluted)
-0.45▲ 0%
-0.54▼ 20.0%
-0.97▼ 79.6%
-0.72▲ 25.8%
-0.47▲ 34.7%
0.03▲ 106.9%
0.56▲ 1639.1%
0.68▲ 0%
EPS Growth %
--20%-79.63%25.77%34.72%106.85%1639.13%177.19%
EPS (Basic)
-0.45-0.54-0.97-0.72-0.470.030.59-
Diluted Shares Outstanding
461.18M461.18M502.61M512.24M533M591M607M602M
Basic Shares Outstanding
461.18M461.18M500.05M511.75M532M559M582M587M
Dividend Payout Ratio
--------

TOST Balance Sheet

Toast, Inc. (TOST) balance sheet — assets, liabilities & shareholders' equity

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
228.47M656.27M1.46B1.36B1.51B1.9B2.67B2.59B
Cash & Short-Term Investments
150.37M581.82M1.27B1.02B1.12B1.42B1.99B1.77B
Cash Only
150.37M581.82M809M547M605M903M1.35B1.1B
Short-Term Investments
00457M474M519M514M638M672M
Accounts Receivable
44.63M33.8M55M77M127M115M127M138M
Days Sales Outstanding
24.4914.9911.7710.2911.998.467.537.18
Inventory
15.39M19.33M63M130M124M118M114M136M
Days Inventory Outstanding
9.3110.3316.5321.3714.9311.429.138.78
Other Current Assets
6.71M10.64M41M108M111M251M437M548M
Total Non-Current Assets
77.28M119.69M280M398M448M562M476M502M
Property, Plant & Equipment
19.96M34.06M120M138M111M123M132M138M
Fixed Asset Turnover
33.32x24.17x14.21x19.79x34.82x40.33x46.61x50.46x
Goodwill
35.89M35.89M74M0113M113M113M113M
Intangible Assets
16.66M16.89M16M136M26M20M14M13M
Long-Term Investments
2.31M1.21M8M28M55M59M71M210M
Other Non-Current Assets
2.46M31.64M62M96M143M192M146M238M
Total Assets
305.74M▲ 0%
775.96M▲ 153.8%
1.74B▲ 123.6%
1.76B▲ 1.5%
1.96B▲ 11.2%
2.46B▲ 25.8%
3.15B▲ 27.7%
3.09B▲ 0%
Asset Turnover
2.18x1.06x0.98x1.55x1.97x2.01x1.96x2.15x
Asset Growth %
-153.79%123.6%1.5%11.19%25.79%27.69%110.17%
Total Current Liabilities
139.7M136.41M352M496M663M811M969M1.06B
Accounts Payable
31.52M30.55M40M30M32M37M47M70M
Days Payables Outstanding
19.0816.3310.54.933.853.583.764.15
Short-Term Debt
9.22M022M14M11M10M00
Deferred Revenue (Current)
39.51M43.97M44M39M39M59M68M264M
Other Current Liabilities
42.62M42.2M203M339M478M579M854M921M
Current Ratio
1.64x4.81x4.13x2.75x2.28x2.34x2.75x2.44x
Quick Ratio
1.53x4.67x3.95x2.49x2.09x2.20x2.64x2.31x
Cash Conversion Cycle
14.738.9917.8126.7323.0716.312.911.8
Total Non-Current Liabilities
496.47M1.11B292M167M101M107M52M40M
Long-Term Debt
446.56M1.02B000020M17M
Capital Lease Obligations
0077M80M33M24M20M57M
Deferred Tax Liabilities
0000055M00
Other Non-Current Liabilities
4.02M55.85M203M80M68M28M12M23M
Total Liabilities
636.17M1.25B644M663M764M918M1.02B1.1B
Total Debt
455.78M1.02B99M94M44M34M40M17M
Net Debt
305.41M438.78M-710M-453M-561M-869M-1.31B-1.08B
Debt / Equity
--0.09x0.09x0.04x0.02x0.02x0.01x
Debt / EBITDA
-----0.55x0.11x0.04x
Net Debt / EBITDA
------14.02x-3.53x-2.58x
Interest Coverage
--18.65x-19.00x-----
Total Equity
-330.43M▲ 0%
-470.98M▼ 42.5%
1.09B▲ 331.6%
1.1B▲ 0.6%
1.19B▲ 8.7%
1.54B▲ 29.4%
2.12B▲ 37.5%
1.99B▲ 0%
Equity Growth %
--42.54%331.65%0.64%8.74%29.4%37.48%139.95%
Book Value per Share
-0.72-1.022.172.142.242.613.503.31
Total Shareholders' Equity
-330.43M-470.98M1.09B1.1B1.19B1.54B2.12B1.99B
Common Stock
000000011M
Retained Earnings
-385.92M-615.87M-1.1B-1.38B-1.62B-1.6B-1.26B-1.14B
Treasury Stock
-460K-665K000000
Accumulated OCI
-55K228K-1M-2M0-1M2M-1M
Minority Interest
00000000

TOST Cash Flow Statement

Toast, Inc. (TOST) cash flow — operating, investing & free cash flow history

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-126M-125M2M-156M135M360M661M714M
Operating CF Margin %
-18.95%-15.19%0.12%-5.71%3.49%7.26%10.74%-
Operating CF Growth %
-0.79%101.6%-7900%186.54%166.67%83.61%230.28%
Net Income
-209M-248M-487M-275M-246M19M342M412M
Depreciation & Amortization
7M27M21M24M32M46M67M57M
Stock-Based Compensation
34M86M159M238M287M258M242M182M
Deferred Taxes
-3M0-3M-5M0000
Other Non-Cash Items
1M38M301M-9M121M185M201M254M
Working Capital Changes
44M-28M11M-129M-59M-148M-191M-191M
Change in Receivables
-26M-13M-23M-35M-3M-72M-33M-42M
Change in Inventory
-7M-4M-23M-68M-7M04M-25M
Change in Payables
15M-6M15M-11M1M5M11M19M
Cash from Investing
-47M-36M-503M-98M-86M-39M-172M-269M
Capital Expenditures
-9M-28M-12M-16M-42M-54M-53M-60M
CapEx % of Revenue
1.35%3.4%0.7%0.59%1.09%1.09%0.86%0.93%
Acquisitions
-33M0-26M-46M-9M000
Investments
--------
Other Investing
-5M-8M-6M-17M-3M000
Cash from Financing
256M594M759M38M63M18M7M-293M
Debt Issued (Net)
7M186M-245M0036M33M48M
Equity Issued (Net)
251M401M984M15M36M43M-26M-358M
Dividends Paid
00000000
Share Repurchases
00000-56M-107M-413M
Other Financing
-2M7M20M23M27M-61M017M
Net Change in Cash
83M▲ 0%
435M▲ 424.1%
257M▼ 40.9%
-216M▼ 184.0%
112M▲ 151.9%
338M▲ 201.8%
450M▲ 33.1%
93M▲ 0%
Free Cash Flow
-141M▲ 0%
-161M▼ 14.2%
-17M▲ 89.4%
-189M▼ 1011.8%
93M▲ 149.2%
306M▲ 229.0%
608M▲ 98.7%
654M▲ 0%
FCF Margin %
-21.2%-19.56%-1%-6.92%2.41%6.17%9.88%10.15%
FCF Growth %
--14.18%89.44%-1011.76%149.21%229.03%98.69%60.29%
FCF per Share
-0.31-0.35-0.03-0.370.170.521.001.09
FCF Conversion (FCF/Net Income)
0.60x0.50x-0.00x0.57x-0.55x18.95x1.93x1.59x
Interest Paid
05M13M00000
Taxes Paid
0001M2M3M00

TOST Key Ratios

Toast, Inc. (TOST) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)
--157.09%-25.13%-21.47%1.39%18.64%20.74%
Return on Invested Capital (ROIC)
--98.05%-56.14%-33.69%1.83%30.77%35.85%
Gross Margin
17.01%18.42%18.71%21.58%23.99%25.76%26.23%
Net Margin
-30.13%-28.56%-10.07%-6.36%0.38%5.56%6.39%
Debt / Equity
-0.09x0.09x0.04x0.02x0.02x0.01x
Interest Coverage
-18.65x-19.00x-----
FCF Conversion
0.50x-0.00x0.57x-0.55x18.95x1.93x1.59x
Revenue Growth
23.76%107.17%60.18%41.52%28.33%24.05%23.44%
Related:TOST Dividend History·TOST Revenue History·TOST Price History·TOST P/E History·TOST Financial Ratios·TOST Institutional Holders

TOST SEC Filings & Documents

Toast, Inc. (TOST) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Feb 12, 2026·SEC

Material company update

Jan 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

May 8, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

TOST Frequently Asked Questions

Toast, Inc. (TOST) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Toast, Inc. (TOST) reported $6.45B in revenue for fiscal year 2025. This represents a 869% increase from $665.0M in 2019.

Toast, Inc. (TOST) grew revenue by 24.1% over the past year. This is strong growth.

Yes, Toast, Inc. (TOST) is profitable, generating $412.0M in net income for fiscal year 2025 (5.6% net margin).

Dividend & Returns

Toast, Inc. (TOST) has a return on equity (ROE) of 18.6%. This is reasonable for most industries.

Toast, Inc. (TOST) generated $654.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in TOST back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

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How much would $100/month in TOST be worth today?

Dollar cost averaging calculator · DCA vs lump sum

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