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
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Toast, Inc. (TOST) Gross margin
Toast, Inc.'s gross margin over the twelve months to 30 June 2026 was 26.7%, up 0.8 percentage points from fiscal 2025 (25.9%). Over the past ten years it has ranged from 9.32% (fiscal 2019) to 25.9% (fiscal 2025) — the current reading is the highest in ten years. That is below the Software Infrastructure industry median of 59.2% and below the Technology sector median of 47.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 25.9% | 1.90 |
| FY2024 | 24.0% | 2.41 |
| FY2023 | 21.6% | 2.87 |
| FY2022 | 18.7% | 0.29 |
| FY2021 | 18.4% | 1.41 |
| FY2020 | 17.0% | 7.69 |
| FY2019 | 9.32% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 27.0% | (0.38) |
| Mar 2026 | 27.4% | 1.52 |
| Dec 2025 | 25.9% | (0.55) |
| Sep 2025 | 26.5% | 1.16 |
| 21 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CHKP Check Point Software Technologies Ltd. compare | 87.5% |
| NTNX Nutanix compare | 86.8% |
| FFIV F5, Inc. compare | 81.9% |
| RBRK Rubrik, Inc. compare | 80.2% |
| GEN Gen Digital Inc. compare | 77.4% |
| IOT Samsara Inc. compare | 76.4% |
| KSPI Joint Stock Company Kaspi.kz Sponsored ADR compare | 76.1% |
| GDDY GoDaddy Inc. compare | 63.8% |
| TOST Toast, Inc. | 26.7% |
| Software Infrastructure industry median | 59.2% |
| Technology sector median | 47.1% |
| Market median | 46.4% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on TOST
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement