Toast, Inc. (TOST) Financial Statements
Industry: Computer Processing & Data Preparation (Services)
In fiscal 2025, Toast reported revenue of $6.15B, up 24.1% from $4.96B the year before. Net income was $342.0M (a 5.6% net margin), or $0.56 per diluted share. Gross margin was 25.9% and operating margin was 4.7%. Operating activities generated $661.0M of cash, leaving $608.0M of free cash flow. At fiscal year end, Toast held $3.15B in total assets against $1.02B in total liabilities, including $1.35B of cash and equivalents.
Open the full interactive Toast financials → Quarterly statements, key ratios, valuation history and price charts.
Toast Key Stats
| Share Price | $30.89 |
|---|---|
| Market Cap | $18.23B |
| P/E Ratio | 55.2 |
| Revenue YoY Growth | +24.1% |
| 52-Week Range | $22.33 – $39.02 |
| Shares Outstanding | 578.0 million (basic, 2026 Q2) |
Toast Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.71B | $2.73B | $3.87B | $4.96B | $6.15B |
| Cost of Goods Sold | $152.0M | $215.0M | — | — | — |
| Gross Profit | $314.0M | $511.0M | $834.0M | $1.19B | $1.59B |
| Operating Income | -$228.0M | -$384.0M | -$287.0M | $16.0M | $292.0M |
| Pre-Tax Income | -$490.0M | -$277.0M | -$244.0M | $22.0M | $346.0M |
| Income Tax | -$3.0M | -$2.0M | $2.0M | $3.0M | $4.0M |
| Net Income | -$487.0M | -$275.0M | -$246.0M | $19.0M | $342.0M |
| Diluted EPS | -$1.68 | -$0.72 | -$0.47 | $0.03 | $0.56 |
Toast Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.63B | $1.63B | $1.63B | $1.91B |
| Net Income | $105.0M | $101.0M | $126.0M | $154.0M |
| Diluted EPS | $0.16 | $0.17 | $0.20 | $0.26 |
Toast Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $809.0M | $547.0M | $605.0M | $903.0M | $1.35B |
| Current Assets | $1.49B | $1.41B | $1.57B | $1.98B | $2.67B |
| Total Assets | $1.74B | $1.76B | $1.96B | $2.41B | $3.15B |
| Current Liabilities | $352.0M | $496.0M | $663.0M | $811.0M | $969.0M |
| Total Liabilities | $644.0M | $663.0M | $764.0M | $863.0M | $1.02B |
| Shareholders' Equity | $1.09B | $1.10B | $1.19B | $1.54B | $2.12B |
Toast Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $2.0M | -$156.0M | $135.0M | $360.0M | $661.0M |
| Cash From Investing | -$503.0M | -$98.0M | -$86.0M | -$39.0M | -$172.0M |
| Cash From Financing | $759.0M | $38.0M | $63.0M | $18.0M | $7.0M |
| Free Cash Flow | -$10.0M | -$172.0M | $93.0M | $306.0M | $608.0M |
Figures from Toast's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Toast financials page for every line item.
Toast Company Profile
| Ticker | TOST |
|---|---|
| Exchange | NYSE |
| Industry | Computer Processing & Data Preparation (Services) |
| Headquarters | Boston, Massachusetts |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001650164 |
Frequently Asked Questions
What was Toast's revenue in fiscal 2025?
Toast (TOST) reported revenue of $6.15B for fiscal 2025.
What is Toast's annual revenue history?
Toast's annual revenue by fiscal year: 2021: $1.71B; 2022: $2.73B; 2023: $3.87B; 2024: $4.96B; 2025: $6.15B.
What was Toast's net income in fiscal 2025?
Toast reported net income of $342.0M for fiscal 2025.
What was Toast's earnings per share (EPS) in fiscal 2025?
Toast's diluted EPS was $0.56 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Toast generate in fiscal 2025?
Toast generated $608.0M of free cash flow in fiscal 2025.
What was Toast's revenue last quarter?
In its most recent reported quarter (2026 Q2), Toast reported revenue of $1.91B.
How many shares of Toast are outstanding?
Toast reported a weighted average of 578.0 million basic shares outstanding in 2026 Q2.
What is Toast's market cap?
Based on its latest closing price, Toast (TOST) has a market capitalization of about $18.23B.
When does Toast's fiscal year end?
Toast's fiscal year end, as registered with the SEC, is December 31.
Where is Toast headquartered?
Toast lists its business address in Boston, Massachusetts in its SEC filings.