Toast, Inc.

Listed Company

TOSTCIK 0001650164NYSELarge AcceleratedServices-Computer Processing & Data PreparationFY ends Dec 31

Period

FY 2025

Revenue

$6.15B

Net Income

$342.00M

Total Assets

$3.15B

Equity

$2.12B

Shares Out

Op. Cash Flow

$661.00M

TOST$28.82−32.26% · past yearDBEQ Basic

Daily closing prices

Business

Toast, Inc. is a cloud-based, all-in-one SaaS platform purpose-built for restaurants and food & beverage retailers, providing integrated point-of-sale, digital ordering, delivery, labor management, inventory, marketing, loyalty, and financial technology solutions. The platform spans front-of-house and back-of-house operations across dine-in, takeout, delivery, catering, and retail service models, with proprietary Android-based software, vertically integrated hardware, and integrated payment processing. Toast serves restaurants and food & beverage retailers of all sizes in the United States with growing international and retail expansion initiatives.

Summary from 10-K filed 2026-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	6,153	4,960	3,865	2,731	1,705
Amortization of acquired intangible assets	5	5	5	5	4
Total costs of revenue	4,560	3,770	3,031	2,220	1,391
Gross profit	1,593	1,190	834	511	314
Sales and marketing	571	470	401	319	190
Research and development	374	351	358	282	163
General and administrative	344	307	362	294	189
Restructuring expenses	12	46	0	0	—
Total operating expenses	1,301	1,174	1,121	895	542
Income (loss) from operations	292	16	−287	−384	−228
Interest income, net	51	42	37	11	−12
Change in fair value of warrant liability	3	−49	3	95	−97
Other income, net	0	13	3	1	0
Income (loss) before income taxes	346	22	−244	−277	−490
Income tax (expense) benefit	−4	−3	−2	2	3
Net income (loss)	342	19	−246	−275	−487
Basic (in dollars per share)	0.59	0.03	−0.46	−0.54	−1.68
Diluted (in dollars per share)	0.56	0.03	−0.47	−0.72	−1.68
Basic (in shares)	582	559	532	512	290
Diluted (in shares)	607	591	533	512	290

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,353	903	605	547	809
Marketable securities	638	514	519	—	—
Accounts receivable, net	127	115	69	77	55
Inventories, net	114	118	118	110	42
Other current assets	437	325	259	199	—
Total current assets	2,669	1,975	1,570	1,407	1,485
Property and equipment, net	105	98	75	61	41
Operating lease right-of-use assets	27	25	36	77	79
Intangible assets, net	14	20	26	29	16
Goodwill	113	113	113	107	74
Restricted cash	71	59	55	28	8
Other non-current assets	146	118	83	52	7
Total non-current assets	476	433	388	354	250
Total assets	3,145	2,408	1,958	1,761	1,735
Accounts payable	47	37	32	30	40
Deferred revenue	68	59	39	39	44
Accrued expenses and other current liabilities	854	715	592	427	246
Total current liabilities	969	811	663	496	352
Warrants to purchase common stock	19	22	64	68	181
Operating lease liabilities, non-current	20	24	33	80	77
Other long-term liabilities	13	6	4	19	22
Total liabilities	1,021	863	764	663	644
Commitments & Contingencies (Note 15)	—	—	—	—	—
Preferred Stock - par value $0.000001; 100 million shares authorized, no shares issued or outstanding	0	0	0	0	0
Common stock, $0.000001 par value: Class A - 7,000 million shares authorized; 523 million and 491 million issued and outstanding as of December 31, 2025 and 2024, respectively; Class B - 700 million shares authorized; 66 million and 81 million issued and outstanding as of December 31, 2025 and 2024, respectively	0	0	0	0	0
Accumulated other comprehensive income (loss)	2	−1	0	−2	−1
Additional paid-in capital	3,384	3,150	2,817	2,477	2,194
Accumulated deficit	−1,262	−1,604	−1,623	−1,377	−1,102
Total stockholders equity	2,124	1,545	1,194	1,098	1,091
Total liabilities and stockholders equity	3,145	2,408	1,958	1,761	1,735

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	64	46	32	24	21
Stock-based compensation expense	242	253	277	228	140
Amortization of deferred contract acquisition costs	99	82	62	44	30
Credit loss expense	91	70	64	34	4
Stock-based charitable contribution expense	6	5	10	10	19
Asset impairments	3	5	15	0	0
Gain on warrant extinguishment	0	−14	0	0	—
Other non-cash items	8	−7	−17	3	2
Accounts receivable, net	−33	−72	−3	−35	−23
Other current assets	−52	−15	−12	−36	−44
Deferred contract acquisition costs	−147	−130	−107	−71	−56
Inventories, net	4	0	−7	−68	−23
Accounts payable	11	5	1	−11	15
Accrued expenses and other current liabilities	21	48	81	116	145
Deferred revenue	6	23	−5	−11	−2
Operating lease right-of-use assets and operating lease liabilities, net	−6	−4	1	0	0
Other assets and liabilities	5	−3	−8	−13	−1
Net cash provided by operating activities	661	360	135	−156	2
Cash paid for acquisition, net of cash acquired	0	0	−9	−46	−26
Capital expenditures	−53	−54	−42	−33	−19
Purchases of marketable securities	−633	−473	−623	−434	−469
Proceeds from the sale of marketable securities	178	126	35	46	5
Maturities of marketable securities	336	362	556	369	5
Other investing activities	0	0	−3	0	1
Net cash (used in) investing activities	−172	−39	−86	−98	−503
Payments of issuance costs of the revolving credit facility	−3	0	0	—	—
Proceeds from issuance of common stock	81	99	36	15	34
Change in customer funds obligations, net	36	36	27	26	24
Warrant repurchase	0	−61	0	0	—
Repurchases of Class A common stock	−107	−56	0	0	—
Net cash provided by financing activities	7	18	63	38	759
Effect of exchange rate changes on cash and cash equivalents and restricted cash	2	−1	0	0	−1
Net increase in cash, cash equivalents, cash held on behalf of customers and restricted cash	498	338	112	−216	—
Stock-based compensation included in capitalized software	12	14	13	7	1
Cash paid for amounts included in the measurement of lease liabilities	15	14	14	24	—
Right-of-use assets obtained in exchange for new operating lease liabilities / (reduction) of lease liabilities from lease terminations and modifications	10	1	−40	14	—
Issuance of common stock upon exercise of common stock warrants	0	17	1	18	56

Filings

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Frequently asked questions

What is Toast, Inc.'s CIK number?

Toast, Inc.'s SEC CIK number is 0001650164 (1650164). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Toast, Inc.'s SEC filings?

All of Toast, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Toast, Inc. last report earnings?

Toast, Inc. (TOST) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001650164-26-000113). This is Toast, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Toast, Inc.'s most recent earnings 8-K?

Toast, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001650164-26-000113. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Toast, Inc.'s latest earnings 8-K →
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