Toast, Inc.

TOST Technology Software Infrastructure

Toast, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.2 billion, up 24.1% from fiscal 2024.

Revenue
+23.1%
EPS
+92.9%
Free cash flow
−37.5%

Quarter to June 2026, against a year earlier

33.72 0.30 +0.90%
Market cap
$19.4B
P/E
40.6×
Fwd P/E
33.1×
Dividend yield
—
F-score
7/9
Altman Z
14.49
Beneish M
−2.91
Dividend safety
n/a

Toast, Inc. 10-K filed Feb 18, 2026

Fiscal year 2025 · Period ended Dec 31, 2025 · Filed · accepted 4:30 PM ET · Document on sec.gov · Filing index

What changed

Item 1, Business, against the 10-K filed Feb 26, 2025: 15 added · 8 removed · 23 modified; 3 with only figures updated

  1. Modified · Our Market

    Restaurants and food and beverage retailers are highly diverse and complex and generally operate with low margins, high employee turnover, highly perishable products, and complex regulations. At the same time, restaurants these businesses operate in a dynamic environment with changing foodinput costs, labor constraints, evolving guestconsumer preferences, and the imperative to utilize technology and data to innovate. What was once primarily an on-site experience with antiquated solutions is now becoming an omnichannel experience with restaurantsoperators employing technology to enable a range of additional service models, including curbside pick-up, delivery, wholesale, catering, and retailcatering.

45 more changes in this Item, word by word, in Powerpack.