TOST · Toast, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.63B | - | $1.63B | $1.55B | $1.34B | - | $1.30B | $1.24B | $1.07B | - |
| Cost of Revenue | $1.18B | - | $1.20B | $1.16B | $991.00M | - | $983.00M | $956.00M | $826.00M | - |
| Gross Profit | $447.00M | - | $432.00M | $392.00M | $346.00M | - | $322.00M | $286.00M | $249.00M | - |
| R&D | $97.00M | - | $102.00M | $91.00M | $84.00M | - | $89.00M | $87.00M | $83.00M | - |
| SG&A | $84.00M | - | $102.00M | $79.00M | $79.00M | - | $80.00M | $75.00M | $74.00M | - |
| Total Operating Expenses | $337.00M | - | $348.00M | $312.00M | $303.00M | - | $288.00M | $281.00M | $305.00M | - |
| D&A | $10.00M | - | - | - | $19.00M | - | - | - | $11.00M | - |
| Operating Income | $110.00M | - | $84.00M | $80.00M | $43.00M | - | $34.00M | $5.00M | ($56.00M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $5.00M | - | ($1.00M) | $3.00M | $2.00M | - | $1.00M | $0 | $1.00M | - |
| Net Income | $126.00M | - | $105.00M | $80.00M | $56.00M | - | $56.00M | $14.00M | ($83.00M) | - |
| EPS - Basic | $0.21 | - | $0.18 | $0.14 | $0.10 | - | $0.10 | $0.03 | ($0.15) | - |
| EPS - Diluted | $0.20 | - | $0.16 | $0.13 | $0.09 | - | $0.07 | $0.02 | ($0.15) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.10B | $1.35B | $1.36B | $1.19B | $1.00B | $903.00M | $761.00M | $691.00M | $578.00M | $605.00M |
| Accounts Receivable | $138.00M | $127.00M | $121.00M | $121.00M | $118.00M | $115.00M | $105.00M | $101.00M | $86.00M | $69.00M |
| Inventory | $136.00M | $114.00M | $104.00M | $103.00M | $111.00M | $118.00M | $106.00M | $110.00M | $120.00M | $118.00M |
| Accounts Payable | $70.00M | $47.00M | $50.00M | $49.00M | $48.00M | $37.00M | $30.00M | $33.00M | $49.00M | $32.00M |
| Current Assets | $2.59B | $2.67B | $2.50B | $2.32B | $2.12B | $1.98B | $1.80B | $1.74B | $1.65B | $1.57B |
| Total Assets | $3.09B | $3.15B | $2.97B | $2.77B | $2.56B | $2.41B | $2.23B | $2.15B | $2.05B | $1.96B |
| Current Liabilities | $1.06B | $969.00M | $911.00M | $894.00M | $844.00M | $811.00M | $748.00M | $736.00M | $713.00M | $663.00M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.10B | $1.02B | $957.00M | $949.00M | $891.00M | $863.00M | $807.00M | $872.00M | $849.00M | $764.00M |
| Stockholders' Equity | $1.99B | $2.12B | $2.01B | $1.82B | $1.67B | $1.54B | $1.42B | $1.28B | $1.20B | $1.19B |
| Retained Earnings | ($1.14B) | ($1.26B) | ($1.36B) | ($1.47B) | ($1.55B) | ($1.60B) | ($1.64B) | ($1.69B) | ($1.71B) | ($1.62B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $132.00M | - | - | - | $79.00M | - | - | - | ($20.00M) | - |
| Investing Cash Flow | ($75.00M) | - | - | - | $22.00M | - | - | - | ($29.00M) | - |
| Financing Cash Flow | ($227.00M) | - | - | - | $73.00M | - | - | - | $73.00M | - |
| CapEx | $17.00M | - | - | - | $10.00M | - | - | - | $13.00M | - |
| Free Cash Flow | $115.00M | - | - | - | $69.00M | - | - | - | ($33.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 27.4% | - | 26.5% | 25.3% | 25.9% | - | 24.7% | 23.0% | 23.2% | - |
| Operating margin | 6.7% | - | 5.1% | 5.2% | 3.2% | - | 2.6% | 0.4% | -5.2% | - |
| EBITDA margin | 7.4% | - | - | - | 4.6% | - | - | - | -4.2% | - |
| Net margin | 7.7% | - | 6.4% | 5.2% | 4.2% | - | 4.3% | 1.1% | -7.7% | - |
| Free cash flow margin | 7.1% | - | - | - | 5.2% | - | - | - | -3.1% | - |
| FCF / Net income | 0.91 | - | - | - | 1.23 | - | - | - | 0.40 | - |
| R&D / Revenue | 6.0% | - | 6.2% | 5.9% | 6.3% | - | 6.8% | 7.0% | 7.7% | - |
| SG&A / Revenue | 5.2% | - | 6.2% | 5.1% | 5.9% | - | 6.1% | 6.0% | 6.9% | - |
| Effective tax rate | 3.8% | - | -1.0% | 3.6% | 3.4% | - | 1.8% | 0.0% | - | - |
| Return on assets | 4.1% | - | 3.5% | 2.9% | 2.2% | - | 2.5% | 0.6% | -4.0% | - |
| Return on equity | 6.3% | - | 5.2% | 4.4% | 3.3% | - | 3.9% | 1.1% | -6.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.44 | 2.75 | 2.74 | 2.59 | 2.51 | 2.44 | 2.41 | 2.36 | 2.32 | 2.37 |
| Quick ratio | 2.31 | 2.64 | 2.62 | 2.48 | 2.38 | 2.29 | 2.27 | 2.21 | 2.15 | 2.19 |
| Cash ratio | 1.03 | 1.40 | 1.49 | 1.34 | 1.19 | 1.11 | 1.02 | 0.94 | 0.81 | 0.91 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.55 | 1.48 | 1.48 | 1.52 | 1.53 | 1.56 | 1.57 | 1.68 | 1.71 | 1.64 |
| Liabilities / Assets | 0.36 | 0.32 | 0.32 | 0.34 | 0.35 | 0.36 | 0.36 | 0.40 | 0.41 | 0.39 |
| Efficiency | ||||||||||
| Asset turnover | 0.53 | - | 0.55 | 0.56 | 0.52 | - | 0.59 | 0.58 | 0.52 | - |
| Inventory turnover | 8.70 | - | 11.55 | 11.24 | 8.93 | - | 9.27 | 8.69 | 6.88 | - |
| Days sales outstanding | 31d | - | 27d | 28d | 32d | - | 29d | 30d | 29d | - |
| Days inventory outstanding | 42d | - | 32d | 32d | 41d | - | 39d | 42d | 53d | - |
| Days payable outstanding | 22d | - | 15d | 15d | 18d | - | 11d | 13d | 22d | - |
| Cash conversion cycle | 51d | - | 43d | 46d | 55d | - | 58d | 59d | 61d | - |
| Valuation | ||||||||||
| P / E | 132.6x | - | 228.2x | 340.7x | 368.6x | - | 404.4x | 1288.5x | - | - |
| P / B | 8.0x | - | 11.0x | 14.7x | 12.0x | - | 11.8x | 11.8x | 11.3x | - |
| P / S | 9.8x | - | 13.6x | 17.3x | 15.0x | - | 12.8x | 12.2x | 12.7x | - |
| EV / EBITDA | 123.8x | - | - | - | 306.4x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 21.9% | - | 25.1% | 24.8% | 24.4% | - | 26.5% | 27.0% | 31.3% | - |
| Revenue CAGR (3y) | 25.8% | - | 29.5% | 53.8% | 35.7% | - | 39.0% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 29.2% | - | 34.2% | 37.1% | 39.0% | - | 42.5% | 37.5% | 43.1% | - |
| Operating income growth (YoY) | 155.8% | - | 147.1% | 1500.0% | - | - | - | - | 39.1% | - |
| Net income growth (YoY) | 125.0% | - | 87.5% | 471.4% | - | - | - | - | -2.5% | - |
| EPS growth (YoY) | 122.2% | - | 128.6% | 550.0% | - | - | - | - | 6.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 66.7% | - | - | - | - | - | - | - | 42.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 18.9% | 37.5% | 41.8% | 41.7% | 39.1% | 29.4% | 23.6% | 18.9% | 9.6% | 8.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$6.15B totalReportable Segment$6.15B · 100.0%
Product / service
$6.15B totalTechnology Service$5.04B · 81.9%
License$936.00M · 15.2%
Product And Professional Services$180.00M · 2.9%
Peer comparison
Same SIC group: Services-Computer Processing & Data Preparation
Comparing Toast against the 5 most active filers in the same SIC group.