Toast, Inc. (BMV:TOST)

Toast Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	6,153	4,960	3,865	2,731	1,705
Revenue Growth (YoY)	24.05%	28.33%	41.52%	60.18%	107.17%
Cost of Revenue	4,555	3,765	3,026	2,215	1,387
Gross Profit	1,598	1,195	839	516	318
Selling, General & Admin	914	772	763	613	379
Research & Development	374	351	358	282	163
Amortization of Goodwill & Intangibles	5	5	5	5	4
Operating Expenses	1,293	1,128	1,126	900	546
Operating Income	305	67	-287	-384	-228
Interest Expense	-	-	-	-	-12
Interest & Investment Income	51	42	37	11	-
Other Non Operating Income (Expenses)	3	-36	6	96	-200
EBT Excluding Unusual Items	359	73	-244	-277	-440
Merger & Restructuring Charges	-12	-46	-	-	-
Other Unusual Items	-1	-5	-	-	-50
Pretax Income	346	22	-244	-277	-490
Income Tax Expense	4	3	2	-2	-3
Net Income	342	19	-246	-275	-487
Net Income to Common	342	19	-246	-275	-487
Net Income Growth	1700.00%	-	-	-	-
Shares Outstanding (Basic)	582	559	532	512	290
Shares Outstanding (Diluted)	607	591	533	512	290
Shares Change (YoY)	2.71%	10.88%	4.10%	76.55%	45.01%
EPS (Basic)	0.59	0.03	-0.46	-0.54	-1.68
EPS (Diluted)	0.56	0.03	-0.47	-0.72	-1.68
EPS Growth	1637.23%	-	-	-	-
Free Cash Flow	608	306	93	-189	-17
Free Cash Flow Per Share	1.00	0.52	0.17	-0.37	-0.06
Gross Margin	25.97%	24.09%	21.71%	18.89%	18.65%
Operating Margin	4.96%	1.35%	-7.43%	-14.06%	-13.37%
Profit Margin	5.56%	0.38%	-6.37%	-10.07%	-28.56%
Free Cash Flow Margin	9.88%	6.17%	2.41%	-6.92%	-1.00%
EBITDA	369	111	-255	-360	-216
EBITDA Margin	6.00%	2.24%	-6.60%	-13.18%	-12.67%
D&A For EBITDA	64	44	32	24	12
EBIT	305	67	-287	-384	-228
EBIT Margin	4.96%	1.35%	-7.43%	-14.06%	-13.37%
Effective Tax Rate	1.16%	13.64%	-	-	-
Revenue as Reported	6,153	4,960	3,865	2,731	1,705
Advertising Expenses	54	43	29	25	17

Source: S&P Global Market Intelligence. Standard template. Financial Sources.