Saturday 17 October 2026 Export TOST’s income statement to Excel — free account

Toast, Inc.

Toast, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.2 billion, up 24.1% from fiscal 2024. In the quarter to June 2026, revenue grew 23.1%, EPS grew 92.9% and free cash flow fell 37.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

31.57 0.65 −2.02%

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Market cap: $18.7B
P/E: 38.0×
Fwd P/E: 27.8×
Dividend yield: —
F-score: 7/9
Altman Z: 14.49
Beneish M: −2.91
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 28.37

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	5	—	6	5	1	5	1	—	7	10	1	6

Insider Ownership 16.37%

Capital & Financial Ratios $m

Market Cap 18,720.00

Revenue 6,804.00

Net Income 486.00

Free Cash Flow 576.00

Net Debt (1,713.00)

Current Ratio 2.40

Debt/Equity 0.00

P/E ratio 38.04

Fwd P/E 27.80

P/S ratio 2.68

P/B ratio 8.92

Past 5Y EPS Growth —

This Y EPS Growth 40.63%

Next Y EPS Growth 23.73%

Next Y revenue growth 21.39%

Next 5Y EPS Growth 30.63%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 16.73%

10-year low 10-year high

P/B against its own 10 years 41.75%

10-year low 10-year high

EV/Sales against its own 10 years 18.07%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,124	1,417	1,991	1,713
Receivables	69	115	127	142
Inventory	118	118	114	217
Other	259	325	437	578
	1,570	1,975	2,669	2,650

	2023	2024	2025	Q'26
Payables	32	37	47	40
ST’ Debt	—	—	—	—
Other	—	—	—	—
	663	811	969	1,104

Compound Annual Growth %

	10y	5y	3y
Sales	—	49.53%	31.10%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	41.23%	24.60%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,630	1,908	—	—	—
’25	1,337	1,550	1,633	1,633	6,153
’24	1,075	1,242	1,305	1,338	4,960
’23	819	978	1,032	1,036	3,865
’22	535	675	752	769	2,731
’21	282	426	486	511	1,705
’20	—	145	237	243	823

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	132	144	—	—	—
’25	79	223	165	194	661
’24	(20)	124	109	147	360
’23	(55)	50	48	92	135
’22	(47)	(21)	(69)	(19)	(156)
’21	(5)	56	(18)	(31)	2
’20	—	—	(87)	(38)	(125)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	115	130	—	—	—
’25	69	208	153	178	608
’24	(33)	108	97	134	306
’23	(65)	39	38	81	93
’22	(50)	(30)	(80)	(29)	(189)
’21	(13)	52	(22)	(34)	(17)
’20	—	—	(128)	(32)	(161)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.20	0.26	—	—	—
’25	0.09	0.13	0.16	0.16	0.56
’24	(0.15)	0.02	0.09	0.05	0.03
’23	(0.16)	(0.19)	(0.06)	(0.07)	(0.47)
’22	(0.05)	(0.11)	(0.19)	(0.19)	(0.54)
’21	(0.48)	(0.64)	(1.05)	(0.23)	(1.68)
’20	—	(0.11)	(0.31)	(0.12)	(1.24)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	30.69	11.91	13.77	16.13	28.12	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	69.93	35.55	27.00	44.12	49.66
People
People	Employees	—	—	—	—	2,200	3,172	4,500	5,500	5,700	6,500
	Revenue/emp, $m	—	—	—	0.00	0.37	0.54	0.61	0.70	0.87	0.95
Income, $m
Income, $m	Revenue	—	—	—	665	823	1,705	2,731	3,865	4,960	6,153
	Gross margin, %	—	—	—	9.32	17.01	18.42	18.71	21.58	23.99	25.89
	EBT	—	—	—	(212)	(248)	(490)	(277)	(244)	22	346
	EBT margin, %	—	—	—	(31.88)	(30.13)	(28.74)	(10.14)	(6.31)	0.44	5.62
	Net income	—	0	—	(209)	(248)	(487)	(275)	(246)	19	342
	Depreciation	—	—	—	7	42	51	68	94	128	163
Per share, $
Per share, $	Revenue	—	—	—	3.41	4.12	5.88	5.33	7.27	8.87	10.57
	Earnings	—	—	—	(1.07)	(1.24)	(1.68)	(0.54)	(0.46)	0.03	0.59
	Cash flow	—	—	—	(0.65)	(0.63)	0.01	(0.30)	0.25	0.64	1.14
	Capex	—	—	—	(0.08)	(0.18)	(0.07)	(0.06)	(0.08)	(0.10)	(0.09)
	Free cash flow	—	—	—	(0.72)	(0.81)	(0.06)	(0.37)	0.17	0.55	1.04
	Book value	—	—	—	0.60	1.89	3.76	2.14	2.24	2.76	3.65
	Shares, m	—	—	—	195	200	290	512	532	559	582
Valuation, ×
Valuation, ×	P/E	—	—	—	0.00	0.00	0.00	0.00	0.00	911.25	60.19
	P/S	—	—	—	11.15	11.15	5.90	3.29	2.49	4.11	3.36
	P/B	—	—	—	0.00	0.00	9.23	8.18	8.05	13.19	9.73
	EV/Sales	—	—	—	10.83	10.83	5.16	2.92	2.20	3.82	3.04
	EV/FCF	—	—	—	(105.69)	(105.69)	(517.64)	(42.14)	91.22	61.96	30.72
Cash, $m
Cash, $m	Operating cash flow	—	—	—	(126)	(125)	2	(156)	135	360	661
	Capex	—	—	—	(15)	(36)	(19)	(33)	(42)	(54)	(53)
	Free cash flow	—	—	—	(141)	(161)	(17)	(189)	93	306	608
Balance, $m
Balance, $m	Working capital	—	—	—	89	537	1,133	911	907	1,164	1,700
	Total debt	—	—	—	447	172	77	80	—	—	—
	Net debt	—	—	—	297	(410)	(1,266)	(1,021)	(1,124)	(1,417)	(1,991)
	Shareholders’ equity	—	—	—	116	378	1,091	1,098	1,194	1,545	2,124
Returns, %
Returns, %	ROA	—	—	—	(136.72)	(46.04)	(38.79)	(15.73)	(13.23)	0.87	12.32
	ROIC	—	—	—	(32.25)	0.00	0.00	(311.69)	(256.25)	7.81	137.22
	ROE	—	—	—	52.18	62.14	(157.10)	(25.13)	(21.47)	1.39	18.64

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
IOT Samsara Inc.	$24.9B	241×	208×	+29.88% (above 0%: growing)	n/m	+46.50% (above 0%: growing)	77.21%	0.96%	Compare
RBRK Rubrik, Inc.	$24.6B	— (loss-making)	— (loss-making)	+37.89% (above 0%: growing)	n/m	+14.13% (above 0%: growing)	78.44%	(16.83%)	Compare
GPN Global Payments Inc.	$22.3B	— (loss-making)	— (loss-making)	+68.63% (above 0%: growing)	−94.95% (below 0%: shrinking)	−35.83% (below 0%: shrinking)	61.04%	10.15%	Compare
NTNX Nutanix	$18.9B	12.0×	42.2×	+15.89% (above 0%: growing)	+3,250.00% (above 0%: growing)	+33.59% (above 0%: growing)	86.03%	9.24%	Compare
TOST Toast, Inc.	$18.7B	38.0×	27.8×	+23.10% (above 0%: growing)	+92.86% (above 0%: growing)	−37.50% (below 0%: shrinking)	27.04%	7.97%
KSPI Joint Stock Company Kaspi.kz Sponsored ADR	$18.0B	8.4×	6.4×	+20.70% (above 0%: growing)	+5.19% (above 0%: growing)	+73.38% (above 0%: growing)	74.32%	0.00%	Compare
GEN Gen Digital Inc.	$14.9B	13.9×	15.2×	+6.28% (above 0%: growing)	+63.64% (above 0%: growing)	+3.86% (above 0%: growing)	77.02%	33.16%	Compare
CHKP Check Point Software Technologies Ltd.	$14.1B	13.9×	17.5×	+1.26% (above 0%: growing)	−0.53% (below 0%: shrinking)	−35.82% (below 0%: shrinking)	86.77%	27.48%	Compare
GDDY GoDaddy Inc.	$13.6B	15.6×	11.9×	+6.60% (above 0%: growing)	+27.78% (above 0%: growing)	+16.39% (above 0%: growing)	63.81%	26.39%	Compare
Median of peers	$18.5B	13.9×	16.4×	+18.30%	+16.49%	+15.26%	77.12%	9.70%

All 173 Software Infrastructure stocks →

Toast, Inc. (TOST) key facts

Strength: Toast, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.2 billion, up 24.1% from fiscal 2024.
Strength: Net income was $342.0 million, or $0.59 per share (basic), a net margin of 5.56%.
Toast, Inc. (TOST) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
As of October 16, 2026, TOST traded at $31.57, a market capitalization of $18.7 billion.
At that price the stock trades at 38.0× trailing-twelve-month earnings and 2.7× sales.
Return on equity was 18.6% and debt-to-equity 0.00.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 14.49 (safe zone) for fiscal 2025.