Toast, Inc. (TOST)TOSTToast, Inc.

Income Statement

Revenue, expenses, and profitability analysis

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	6.80B	1.91B	1.63B	1.63B	1.63B	1.55B	1.34B	1.34B	1.30B
Cost of Goods Sold	4.99B	1.39B	1.18B	1.21B	1.20B	1.16B	991.00M	1.00B	983.00M
Gross Profit	1.81B	516.00M	447.00M	420.00M	432.00M	392.00M	346.00M	333.00M	322.00M
Gross Profit Margin	26.7%	27.0%	27.4%	25.7%	26.5%	25.3%	25.9%	24.9%	24.7%
Total Operating Expenses	1.38B	364.00M	337.00M	331.00M	348.00M	312.00M	303.00M	301.00M	288.00M
Research & Development	403.00M	109.00M	97.00M	95.00M	102.00M	91.00M	84.00M	93.00M	89.00M
Selling, General & Administrative	978.00M	255.00M	240.00M	237.00M	246.00M	220.00M	212.00M	208.00M	199.00M
Operating Income (EBIT)	435.00M	152.00M	110.00M	89.00M	84.00M	80.00M	43.00M	32.00M	34.00M
Operating Margin	6.4%	8.0%	6.7%	5.5%	5.1%	5.2%	3.2%	2.4%	2.6%
Income Before Tax (EBT)	498.00M	162.00M	131.00M	101.00M	104.00M	83.00M	58.00M	32.00M	57.00M
Interest Income	52.00M	11.00M	13.00M	15.00M	13.00M	11.00M	12.00M	12.00M	9.00M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Income/Expense	63.00M	10.00M	21.00M	12.00M	20.00M	3.00M	15.00M	0.00	23.00M
Net Income	486.00M	154.00M	126.00M	101.00M	105.00M	80.00M	56.00M	32.00M	56.00M
Income Tax Expense	-4.00M	-8.00M	5.00M	0.00	-1.00M	3.00M	2.00M	0.00	1.00M
Net Profit Margin	7.1%	8.1%	7.7%	6.2%	6.4%	5.2%	4.2%	2.4%	4.3%
EBITDA	487.00M	164.00M	120.00M	106.00M	97.00M	96.00M	62.00M	43.00M	46.00M
EBITDA Margin	7.2%	8.6%	7.4%	6.5%	5.9%	6.2%	4.6%	3.2%	3.5%
Depreciation & Amortization	52.00M	12.00M	10.00M	17.00M	13.00M	16.00M	19.00M	11.00M	12.00M
EPS Basic	0.83	0.27	0.21	0.17	0.18	0.14	0.10	0.06	0.09
EPS Diluted	0.78	0.26	0.20	0.16	0.16	0.13	0.09	0.06	0.07
Shares Outstanding	578.00M	578.00M	587.00M	588.00M	585.00M	580.00M	575.00M	569.00M	563.00M
Diluted Shares Outstanding	590.00M	590.00M	602.00M	607.00M	609.00M	605.00M	603.00M	600.00M	590.00M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Revenue	6.15B	4.96B	3.87B	2.73B	1.71B	823.00M	665.00M
Cost of Goods Sold	4.56B	3.77B	3.03B	2.22B	1.39B	683.00M	603.00M
Gross Profit	1.58B	1.19B	834.00M	511.00M	314.00M	140.00M	62.00M
Gross Profit Margin	25.8%	24.0%	21.6%	18.7%	18.4%	17.0%	9.3%
Total Operating Expenses	1.28B	1.17B	1.12B	895.00M	542.00M	360.00M	275.00M
Research & Development	371.00M	351.00M	358.00M	282.00M	163.00M	109.00M	64.00M
Selling, General & Administrative	915.00M	777.00M	763.00M	613.00M	379.00M	251.00M	211.00M
Operating Income (EBIT)	305.00M	16.00M	-287.00M	-384.00M	-228.00M	-220.00M	-213.00M
Operating Margin	5.0%	0.3%	-7.4%	-14.1%	-13.4%	-26.7%	-32.0%
Income Before Tax (EBT)	346.00M	22.00M	-244.00M	-277.00M	-490.00M	-248.00M	-212.00M
Interest Income	51.00M	42.00M	37.00M	11.00M	N/A	842K	2.00M
Interest Expense	N/A	N/A	N/A	N/A	12.00M	12.65M	N/A
Other Income/Expense	41.00M	6.00M	43.00M	107.00M	-262.00M	-28.00M	1.00M
Net Income	342.00M	19.00M	-246.00M	-275.00M	-487.00M	-248.00M	-209.00M
Income Tax Expense	4.00M	3.00M	2.00M	-2.00M	-3.00M	0.00	-3.00M
Net Profit Margin	5.6%	0.4%	-6.4%	-10.1%	-28.6%	-30.1%	-31.4%
EBITDA	372.00M	62.00M	-255.00M	-360.00M	-207.00M	-193.00M	-206.00M
EBITDA Margin	6.0%	1.3%	-6.6%	-13.2%	-12.1%	-23.5%	-31.0%
Depreciation & Amortization	67.00M	46.00M	32.00M	24.00M	21.00M	27.00M	7.00M
EPS Basic	0.59	0.03	-0.47	-0.72	-0.97	-0.54	-0.45
EPS Diluted	0.56	0.03	-0.47	-0.72	-0.97	-0.54	-0.45
Shares Outstanding	582.00M	559.00M	532.00M	511.75M	500.05M	461.18M	461.18M
Diluted Shares Outstanding	607.00M	591.00M	533.00M	512.24M	502.61M	461.18M	461.18M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Toast, Inc.

Toast, Inc. delivers a comprehensive cloud-based digital technology platform tailored specifically for the restaurant sector, serving businesses across the United States and Ireland. Its extensive product suite features an array of hardware solutions, including the foundational Toast Point of Sale (POS) system. Toast Flex offers versatile functionality, adaptable as an on-counter order and payment terminal, a server workstation, a guest kiosk, a kitchen display system, or an order fulfillment hub. For enhanced tableside service and expedited table turnover, the company provides Toast Go, a handheld POS device facilitating ordering and payment acceptance directly at the table, alongside Toast Tap, a compact card reader. Beyond hardware, Toast supplies robust software solutions. Toast Order & Pay empowers guests to place orders and settle bills conveniently from their mobile devices. The platform integrates specialized kitchen display system software, streamlining communication between front-of-house staff and the kitchen team. For larger operations, multi-location management software enables customers to centralize operational control, standardize procedures, and efficiently configure menus. Back-office administrative tasks are supported by xtraCHEF tools. Furthermore, Toast Flex for Kitchen provides a larger, mountable hardware solution designed specifically as a kitchen screen. Regarding customer engagement and logistics, Toast offers the Toast Online Ordering & Toast TakeOut app, a software platform enabling restaurants to accept off-premises orders directly through their branded websites. For delivery, they provide First-Party Delivery services, allowing restaurants to manage their own driver fleets and customize delivery parameters such as hours, zones, fees, and minimum order values. Additionally, Toast Delivery Services connects restaurants with a network of third-party delivery drivers, complemented by broader Toast Delivery Partners services. The company's offerings extend to comprehensive business support services. These encompass loyalty programs and gift card management, payroll and team administration tools, tailored business owner policy insurance with restaurant-specific enhancements, and efficient payment processing solutions. Toast also facilitates financial support through loans advanced to restaurants and purchase financing options. Detailed reporting and analytics solutions provide valuable insights. For broader integration, Toast Partner Connect allows users to discover, select, and seamlessly integrate with various third-party partners via bi-directional APIs. Established in 2011, Toast, Inc. maintains its headquarters in Boston, Massachusetts.

Boston, MA

6,500 employees

pos.toasttab.com

Technology / Software - Infrastructure

Sector: Technology
Industry: Software - Infrastructure
CEO: Aman Narang

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