Toast, Inc. (TOST)

NYSE: TOST · Real-Time Price · USD

29.04

+0.64 (2.25%)

At close: Jul 24, 2026, 4:00 PM EDT

29.25

+0.21 (0.72%)

After-hours: Jul 24, 2026, 4:23 PM EDT

Toast Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,446	6,153	4,960	3,865	2,731	1,705
Revenue Growth	23.44%	24.05%	28.33%	41.52%	60.18%	107.17%
Gross Profit	1,694	1,593	1,190	834	511	314
Operating Income	359	292	16	-287	-384	-228
Net Income	412	342	19	-246	-275	-487
Earnings Per Share	0.65	0.56	0.03	-0.47	-0.72	-1.68
EPS Growth	182.61%	1766.67%	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Subscription Services	995	936	706	500	324	169
Financial Technology Solutions	5,278	5,037	4,053	3,189	2,268	1,406
Total Hardware and Professional Services	173	180	201	176	139	130
Revenue (Total)	6,446	6,153	4,960	3,865	2,731	1,705

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1,770	1,991	1,417	1,124	1,021	1,266
Total Debt	17	20	24	33	80	99
Net Cash (Debt)	1,753	1,971	1,393	1,091	941	1,167
Net Cash Growth	19.50%	41.49%	27.68%	15.94%	-19.37%	184.63%
Net Cash Per Share	2.89	3.25	2.36	2.05	1.84	4.02

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	714	661	360	135	-156	2
Capital Expenditures	-60	-53	-54	-42	-33	-19
Free Cash Flow	654	608	306	93	-189	-17
Free Cash Flow Growth	60.29%	98.69%	229.03%	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	26.28%	25.89%	23.99%	21.58%	18.71%	18.42%
Operating Margin	5.57%	4.75%	0.32%	-7.43%	-14.06%	-13.37%
Pretax Margin	6.50%	5.62%	0.44%	-6.31%	-10.14%	-28.74%
Profit Margin	6.39%	5.56%	0.38%	-6.36%	-10.07%	-28.56%
FCF Margin	10.15%	9.88%	6.17%	2.41%	-6.92%	-1.00%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 24, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	43.61	63.41	1215.00	-	-	-
Forward PE	20.98	30.92	47.27	107.86	-	-
P/FCF Ratio	25.85	34.40	68.14	106.62	-	-
PS Ratio	2.62	3.40	4.20	2.57	3.45	10.32