TOST

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Toast, Inc. Class A

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Key Metrics

Previous Close: $35.16
52-Week Range: $22.26 – $45.64
Market Cap: $20.41B
P/E (TTM): 44.71
EPS (TTM): 0.79
Dividend Yield: —

Advanced Metrics

Price/Book: 10.29
PEG Ratio: 0.23
Return on Equity: 25.16%
Return on Assets: 9.16%
Gross Margin: 26.79%
Operating Margin: 7.97%
Profit Margin: 7.14%
Current Ratio: 2.40
Debt/Equity: —
Total Debt: $0.00
Free Cash Flow: $480.50M
Revenue Growth: 23.10%
Earnings Growth: 100.00%
Enterprise Value: $18.70B

TOST Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.73B	$3.87B	$4.96B	$6.15B
Cost of Revenue	$2.22B	$3.03B	$3.77B	$4.56B
Gross Profit	$511.00M	$834.00M	$1.19B	$1.59B
Research & Development	$282.00M	$358.00M	$351.00M	$374.00M
Selling, General & Admin	$613.00M	$763.00M	$777.00M	$915.00M
Operating Expenses	$895.00M	$1.12B	$1.13B	$1.29B
Operating Income	-$384.00M	-$287.00M	$62.00M	$304.00M
EBITDA	-$360.00M	-$255.00M	$108.00M	$368.00M
Pretax Income	-$277.00M	-$244.00M	$22.00M	$346.00M
Income Tax	-$2.00M	$2.00M	$3.00M	$4.00M
Net Income	-$275.00M	-$246.00M	$19.00M	$342.00M
Diluted EPS	-0.72	-0.47	0.03	0.56
Diluted Shares	512.24M	533.00M	591.00M	607.00M

TOST Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$547.00M	$605.00M	$903.00M	$1.35B
Receivables	$109.00M	$69.00M	$115.00M	$127.00M
Inventory	$110.00M	$118.00M	$118.00M	$114.00M
Current Assets	$1.41B	$1.57B	$1.98B	$2.67B
Total Assets	$1.76B	$1.96B	$2.41B	$3.15B
Current Liabilities	$496.00M	$663.00M	$811.00M	$969.00M
Total Debt	$94.00M	$33.00M	$24.00M	$20.00M
Total Liabilities	$663.00M	$764.00M	$863.00M	$1.02B
Retained Earnings	-$1.38B	-$1.62B	-$1.60B	-$1.26B
Shareholders' Equity	$1.10B	$1.19B	$1.54B	$2.12B
Working Capital	$911.00M	$907.00M	$1.16B	$1.70B

TOST Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$156.00M	$135.00M	$360.00M	$661.00M
Capital Expenditure	-$33.00M	-$42.00M	-$54.00M	-$53.00M
Free Cash Flow	-$189.00M	$93.00M	$306.00M	$608.00M
Depreciation & Amortisation	$24.00M	$32.00M	$46.00M	$64.00M
Stock-Based Compensation	$238.00M	$287.00M	$258.00M	$248.00M
Investing Cash Flow	-$98.00M	-$86.00M	-$39.00M	-$172.00M
Financing Cash Flow	$38.00M	$63.00M	$18.00M	$7.00M
Share Repurchases	$0.00	$0.00	-$56.00M	-$107.00M
Net Change in Cash	-$216.00M	$112.00M	$339.00M	$496.00M

TOST Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.34B	$1.55B	$1.63B	$1.63B	$1.63B
Cost of Revenue	$991.00M	$1.16B	$1.20B	—	$1.18B
Gross Profit	$346.00M	$392.00M	$432.00M	$423.00M	$447.00M
Research & Development	$84.00M	$91.00M	$102.00M	$97.00M	$97.00M
Selling, General & Admin	$212.00M	$220.00M	$246.00M	$237.00M	$240.00M
Operating Expenses	$296.00M	$311.00M	$348.00M	$334.00M	$337.00M
Operating Income	$50.00M	$81.00M	$84.00M	$89.00M	$110.00M
EBITDA	$69.00M	$97.00M	$97.00M	$105.00M	$120.00M
Pretax Income	$58.00M	$83.00M	$104.00M	$101.00M	$131.00M
Income Tax	$2.00M	$3.00M	-$1.00M	$0.00	$5.00M
Net Income	$56.00M	$80.00M	$105.00M	$101.00M	$126.00M
Diluted EPS	0.09	0.13	0.16	0.16	0.20
Diluted Shares	603.00M	605.00M	609.00M	607.00M	602.00M

TOST Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$1.00B	$1.19B	$1.36B	$1.35B	$1.10B
Receivables	$118.00M	$121.00M	$121.00M	$127.00M	$138.00M
Inventory	$111.00M	$103.00M	$104.00M	$114.00M	$136.00M
Current Assets	$2.12B	$2.32B	$2.50B	$2.67B	$2.59B
Total Assets	$2.56B	$2.77B	$2.97B	$3.15B	$3.09B
Current Liabilities	$844.00M	$894.00M	$911.00M	$969.00M	$1.06B
Total Debt	$22.00M	$19.00M	$18.00M	$20.00M	$17.00M
Total Liabilities	$891.00M	$949.00M	$957.00M	$1.02B	$1.10B
Retained Earnings	-$1.55B	-$1.47B	-$1.36B	-$1.26B	-$1.14B
Shareholders' Equity	$1.67B	$1.82B	$2.01B	$2.12B	$1.99B
Working Capital	$1.28B	$1.42B	$1.58B	$1.70B	$1.53B

TOST Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$79.00M	$223.00M	$165.00M	$194.00M	$132.00M
Capital Expenditure	-$10.00M	-$15.00M	-$12.00M	-$16.00M	-$17.00M
Free Cash Flow	$69.00M	$208.00M	$153.00M	$178.00M	$115.00M
Depreciation & Amortisation	$19.00M	$16.00M	$13.00M	$16.00M	$10.00M
Stock-Based Compensation	$60.00M	$60.00M	$72.00M	$56.00M	$54.00M
Investing Cash Flow	$22.00M	-$38.00M	-$4.00M	-$152.00M	-$75.00M
Financing Cash Flow	$73.00M	-$22.00M	$19.00M	-$63.00M	-$227.00M
Share Repurchases	-$17.00M	-$14.00M	-$23.00M	-$53.00M	-$323.00M
Net Change in Cash	$174.00M	$163.00M	$180.00M	-$21.00M	-$170.00M

Market Snapshot

About

Toast is a cloud-based restaurant technology platform serving the food service industry. The company provides point-of-sale systems, payment processing, digital ordering, delivery management, and payroll services designed specifically for restaurants. Toast serves tens of thousands of restaurant locations across the United States.