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
- +21.3%
- EPS
- +62.2%
- Free cash flow
- +18.3%
Quarter to September 2026, against a year earlier
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Toast, Inc. 10-Q filed Nov 4, 2026
Red flags
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Inventory outpacing revenue
Inventory grew 134.6% while revenue grew 21.3% year over year
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Aug 5, 2026: 11 modified; 4 with only figures updated
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Modified · Revenue
Total revenue increased by
2321% and 22% for the three andsixnine months endedJuneSeptember 30, 2026, respectively, compared to the same periods in 2025. Thisgrowthincrease was primarily driven byincreases inhigher financial technology solutions and subscription servicesrevenuerevenues, attributable to a higher number of Locations on the Toast platform and continued product adoption.