Toast Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Revenue	5,858	4,960	3,865	2,731	1,705	823	Upgrade
Revenue Growth (YoY)	25.76%	28.33%	41.52%	60.18%	107.17%	23.76%	Upgrade
Cost of Revenue	4,351	3,765	3,026	2,215	1,387	679	Upgrade
Gross Profit	1,507	1,195	839	516	318	144	Upgrade
Selling, General & Admin	881	772	749	613	379	251	Upgrade
Research & Development	370	351	358	282	163	109	Upgrade
Amortization of Goodwill & Intangibles	4	5	5	5	4	4	Upgrade
Operating Expenses	1,255	1,128	1,112	900	546	364	Upgrade
Operating Income	252	67	-273	-384	-228	-220	Upgrade
Interest Expense	-	-	-	-	-12	-12	Upgrade
Interest & Investment Income	48	42	37	11	-	-	Upgrade
Other Non Operating Income (Expenses)	4	-36	6	96	-200	-16	Upgrade
EBT Excluding Unusual Items	304	73	-230	-277	-440	-248	Upgrade
Merger & Restructuring Charges	-8	-46	-	-	-	-	Upgrade
Other Unusual Items	-19	-5	-14	-	-50	-	Upgrade
Pretax Income	277	22	-244	-277	-490	-248	Upgrade
Income Tax Expense	4	3	2	-2	-3	-	Upgrade
Net Income	273	19	-246	-275	-487	-248	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	-	1	Upgrade
Net Income to Common	273	19	-246	-275	-487	-249	Upgrade
Shares Outstanding (Basic)	577	559	532	512	290	200	Upgrade
Shares Outstanding (Diluted)	629	591	533	512	290	200	Upgrade
Shares Change (YoY)	13.96%	10.88%	4.10%	76.55%	45.01%	2.65%	Upgrade
EPS (Basic)	0.47	0.03	-0.46	-0.54	-1.68	-1.25	Upgrade
EPS (Diluted)	0.43	0.03	-0.47	-0.72	-1.68	-1.25	Upgrade
Free Cash Flow	564	306	93	-189	-17	-153	Upgrade
Free Cash Flow Per Share	0.90	0.52	0.17	-0.37	-0.06	-0.77	Upgrade
Gross Margin	25.73%	24.09%	21.71%	18.89%	18.65%	17.50%	Upgrade
Operating Margin	4.30%	1.35%	-7.06%	-14.06%	-13.37%	-26.73%	Upgrade
Profit Margin	4.66%	0.38%	-6.37%	-10.07%	-28.56%	-30.25%	Upgrade
Free Cash Flow Margin	9.63%	6.17%	2.41%	-6.92%	-1.00%	-18.59%	Upgrade
EBITDA	311	111	-241	-360	-220	-202	Upgrade
EBITDA Margin	5.31%	2.24%	-6.24%	-13.18%	-12.90%	-24.54%	Upgrade
D&A For EBITDA	59	44	32	24	8	18	Upgrade
EBIT	252	67	-273	-384	-228	-220	Upgrade
EBIT Margin	4.30%	1.35%	-7.06%	-14.06%	-13.37%	-26.73%	Upgrade
Effective Tax Rate	1.44%	13.64%	-	-	-	-	Upgrade
Revenue as Reported	5,858	4,960	3,865	2,731	1,705	823	Upgrade
Advertising Expenses	-	43	29	25	17	6	Upgrade

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q