Toast revenue and financials
$30.67Change from previous close: +1.39%Absolute change: +$0.42
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 144 | 132 | 194 | 165 | 223 | 79.0 | 147 | 109 | 124 | -20.0 | 92.0 | 48.0 |
| Depreciation and amortization | 12.0 | 10.0 | 16.0 | 14.0 | 16.0 | 19.0 | 11.0 | 12.0 | 10.0 | 11.0 | 10.0 | 10.0 |
| Capital expenditure | -14.0 | -17.0 | -16.0 | -12.0 | -15.0 | -10.0 | -13.0 | -12.0 | -16.0 | -13.0 | -11.0 | -10.0 |
| Investing cash flow | -67.0 | -75.0 | -152 | -4.0 | -38.0 | 22.0 | -15.0 | 9.0 | -4.0 | -29.0 | -1.0 | -31.0 |
| Financing cash flow | -185 | -227 | -63.0 | 19.0 | -22.0 | 73.0 | 11.0 | -40.0 | -26.0 | 73.0 | 5.0 | 12.0 |
| Share repurchases | -163 | -323 | -53.0 | -23.0 | -14.0 | -17.0 | — | -20.0 | -32.0 | -4.0 | — | — |
| Effect of exchange rates | -1.0 | — | -1.0 | 0.0 | 3.0 | — | -2.0 | 2.0 | -1.0 | — | 1.0 | -1.0 |
| Net change in cash | -109 | -170 | -22.0 | 180 | 166 | 174 | 141 | 80.0 | 93.0 | 24.0 | 97.0 | 28.0 |
| Free cash flow | 130 | 115 | 178 | 153 | 208 | 69.0 | 134 | 97.0 | 108 | -33.0 | 81.0 | 38.0 |
| Levered free cash flow | 90.8 | 88.8 | 156 | 140 | 205 | 81.3 | 150 | 104 | 125 | 33.6 | 154 | 53.1 |