Toast revenue and financials
$31.05Change from previous close: +2.64%Absolute change: +$0.80
In the fiscal year ended December 2025, Toast reported revenue of $6.15B (+24.05% year over year). Net income was $342M, a net margin of 5.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +24.05%
- 2025 vs 2024
- Net income growth
- +1,700.00%
- 2025 vs 2024
- Net margin
- 5.6%
- 2024: 0.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 6,153 | 4,960 | 3,865 | 2,731 | 1,705 |
| Cost of revenue | 4,555 | 3,765 | 3,026 | 2,215 | 1,387 |
| Gross profit | 1,598 | 1,195 | 839 | 516 | 318 |
| Selling, general and administrative | 914 | 772 | 763 | 613 | 379 |
| Research and development | 374 | 351 | 358 | 282 | 163 |
| Operating income | 305 | 67.0 | -287 | -384 | -228 |
| EBIT | 305 | 67.0 | -287 | -384 | -228 |
| EBITDA | 369 | 111 | -255 | -360 | -216 |
| Interest expense | — | — | — | — | 12.0 |
| Pre-tax income | 346 | 22.0 | -244 | -277 | -490 |
| Income tax | 4.0 | 3.0 | 2.0 | -2.0 | -3.0 |
| Net income | 342 | 19.0 | -246 | -275 | -487 |
| Net income to common shareholders | 342 | 19.0 | -246 | -275 | -487 |
| Basic EPS | 0.59 | 0.03 | -0.46 | -0.54 | -1.68 |
| Diluted EPS | 0.56 | 0.03 | -0.47 | -0.72 | -1.68 |
| Average shares (basic) | 582 | 559 | 532 | 512 | 290 |
| Average shares (diluted) | 607 | 591 | 533 | 512 | 290 |