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

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. 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%
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 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 38.04 (above 35: high)
Fwd P/E 27.80
P/S ratio 2.68
P/B ratio 8.92 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 40.63% (at or above 15%: strong)
Next Y EPS Growth 23.73% (at or above 15%: strong)
Next Y revenue growth 21.39% (at or above 10%: strong)
Next 5Y EPS Growth 30.63% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.4×, against a ten-year median of 3.2×; over the ten years it ranged from 1.9× in 2023 to 8.0× in 2021.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Toast, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

Toast, Inc. (TOST) Latest News

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stockrow.com/TOST · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com