Toast, Inc. (TOST)

NYSE: TOST · Real-Time Price · USD

35.22

+1.16 (3.41%)

At close: Aug 13, 2026, 4:00 PM EDT

35.04

-0.18 (-0.51%)

After-hours: Aug 13, 2026, 6:44 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	Jun '26 Jun 30, 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	6,804	6,153	4,960	3,865	2,731	1,705
Revenue Growth	23.04%	24.05%	28.33%	41.52%	60.18%	107.17%
Gross Profit	1,818	1,593	1,190	834	511	314
Operating Income	431	292	16	-287	-384	-228
Net Income	486	342	19	-246	-275	-487
Earnings Per Share	0.78	0.56	0.03	-0.47	-0.72	-1.68
EPS Growth	129.41%	1766.67%	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	1,058	936	706	500	324	169
Financial Technology Solutions	5,572	5,037	4,053	3,189	2,268	1,406
Total Hardware and Professional Services	174	180	201	176	139	130
Revenue (Total)	6,804	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	Jun '26 Jun 30, 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	1,713	1,991	1,417	1,124	1,021	1,266
Total Debt	0	20	24	33	80	99
Net Cash (Debt)	1,713	1,971	1,393	1,091	941	1,167
Net Cash Growth	1.78%	41.49%	27.68%	15.94%	-19.37%	184.63%
Net Cash Per Share	2.85	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	Jun '26 Jun 30, 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	635	661	360	135	-156	2
Capital Expenditures	-59	-53	-54	-42	-33	-19
Free Cash Flow	576	608	306	93	-189	-17
Free Cash Flow Growth	13.39%	98.69%	229.03%	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	26.72%	25.89%	23.99%	21.58%	18.71%	18.42%
Operating Margin	6.33%	4.75%	0.32%	-7.43%	-14.06%	-13.37%
Pretax Margin	7.32%	5.62%	0.44%	-6.31%	-10.14%	-28.74%
Profit Margin	7.14%	5.56%	0.38%	-6.36%	-10.07%	-28.56%
FCF Margin	8.47%	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	Aug '26 Aug 13, 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	44.89	63.41	1215.00	-	-	-
Forward PE	22.96	30.92	47.27	107.86	-	-
P/FCF Ratio	34.47	34.40	68.14	106.62	-	-
PS Ratio	2.92	3.40	4.20	2.57	3.45	10.32