Toast Income 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	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	23.06%	24.05%	28.33%	41.52%	60.18%	107.17%
Cost of Revenue	4,991	4,555	3,765	3,026	2,215	1,387
Gross Profit	1,813	1,598	1,195	839	516	318
Selling, General & Admin	977	914	772	763	613	379
Research & Development	405	374	351	358	282	163
Amortization of Goodwill & Intangibles	5	5	5	5	5	4
Operating Expenses	1,387	1,293	1,128	1,126	900	546
Operating Income	426	305	67	-287	-384	-228
Interest Expense	-	-	-	-	-	-12
Interest & Investment Income	52	51	42	37	11	-
Other Non Operating Income (Expenses)	15	3	-22	6	96	-200
EBT Excluding Unusual Items	493	359	87	-244	-277	-440
Merger & Restructuring Charges	-4	-12	-46	-	-	-
Other Unusual Items	9	-1	-19	-	-	-50
Pretax Income	498	346	22	-244	-277	-490
Income Tax Expense	12	4	3	2	-2	-3
Net Income	486	342	19	-246	-275	-487
Net Income to Common	486	342	19	-246	-275	-487
Net Income Growth	116.96%	1700.00%	-	-	-	-
Shares Outstanding (Basic)	585	582	559	532	512	290
Shares Outstanding (Diluted)	603	607	591	533	512	290
Shares Change	-2.27%	2.71%	10.88%	4.10%	76.55%	45.01%
EPS (Basic)	0.83	0.59	0.03	-0.46	-0.54	-1.68
EPS (Diluted)	0.78	0.56	0.03	-0.47	-0.72	-1.68
EPS Growth	110.76%	1637.23%	-	-	-	-

Additional Metrics

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
Free Cash Flow	576	608	306	93	-189	-17
Free Cash Flow Per Share	0.95	1.00	0.52	0.17	-0.37	-0.06
Gross Margin	26.65%	25.97%	24.09%	21.71%	18.89%	18.65%
Operating Margin	6.26%	4.96%	1.35%	-7.43%	-14.06%	-13.37%
Profit Margin	7.14%	5.56%	0.38%	-6.37%	-10.07%	-28.56%
Free Cash Flow Margin	8.47%	9.88%	6.17%	2.41%	-6.92%	-1.00%
EBITDA	477	369	111	-255	-360	-216
EBITDA Margin	7.01%	6.00%	2.24%	-6.60%	-13.18%	-12.67%
D&A For EBITDA	51	64	44	32	24	12
EBIT	426	305	67	-287	-384	-228
EBIT Margin	6.26%	4.96%	1.35%	-7.43%	-14.06%	-13.37%
Effective Tax Rate	2.41%	1.16%	13.64%	-	-	-
Revenue as Reported	6,804	6,153	4,960	3,865	2,731	1,705
Advertising Expenses	-	54	43	29	25	17

SEC Filings: 10-K · 10-Q