Toast Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

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
Net Income	412	342	19	-246	-275	-487
Depreciation & Amortization	55	64	46	32	24	21
Stock-Based Compensation	242	248	258	287	238	159
Other Adjustments	191	192	181	122	-14	298
Change in Receivables	-42	-33	-72	-3	-35	-23
Changes in Inventories	-25	4	-	-7	-68	-23
Changes in Accounts Payable	19	11	5	1	-11	15
Changes in Accrued Expenses	45	21	48	81	116	145
Changes in Unearned Revenue	11	6	23	-5	-11	-2
Changes in Other Operating Activities	-194	-194	-148	-127	-120	-101
Operating Cash Flow	714	661	360	135	-156	2
Operating Cash Flow Growth	55.56%	83.61%	166.67%	-	-	-
Capital Expenditures	-60	-53	-54	-42	-33	-19
Purchases of Investments	-707	-633	-473	-623	-434	-469
Proceeds from Sale of Investments	498	514	488	591	415	10
Payments for Business Acquisitions	-	-	-	-9	-46	-26
Other Investing Activities	-	-	-	-3	-	1
Investing Cash Flow	-269	-172	-39	-86	-98	-503
Long-Term Debt Repaid	-	-	-	-	-	-245
Net Long-Term Debt Issued (Repaid)	-	-	-	-	-	-245
Issuance of Common Stock	69	81	99	36	15	984
Repurchase of Common Stock	-413	-107	-56	-	-	-
Net Common Stock Issued (Repurchased)	-344	-26	43	36	15	984
Other Financing Activities	51	33	-25	27	23	20
Financing Cash Flow	-293	7	18	63	38	759
Effect of Exchange Rate Changes on Cash and Cash Equivalents	2	2	-1	-	-	-1
Net Cash Flow	154	498	338	112	-216	258
Free Cash Flow	654	608	306	93	-189	-17
Free Cash Flow Growth	7.57%	98.69%	229.03%	-	-	-
FCF Margin	10.15%	9.88%	6.17%	2.41%	-6.92%	-1.00%
Free Cash Flow Per Share	1.08	1.00	0.52	0.17	-0.37	-0.06
Levered Free Cash Flow	263	201	-61	-313	-378	-696
Unlevered Free Cash Flow	204	147.62	-66.18	-356.35	-484.23	-190.6

SEC Filings: 10-K · 10-Q