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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,908 | 1,630 | 1,633 | 1,633 | 1,550 | 1,337 | 1,338 | 1,305 | 1,242 | 1,075 | 1,036 | 1,032 |
| Cost of revenue | 1,401 | 1,182 | 1,208 | 1,200 | 1,157 | 990 | 1,004 | 982 | 955 | 825 | 809 | 805 |
| Gross profit | 507 | 448 | 425 | 433 | 393 | 347 | 334 | 323 | 287 | 250 | 227 | 227 |
| Selling, general and administrative | 255 | 240 | 236 | 246 | 220 | 212 | 203 | 199 | 190 | 181 | 174 | 198 |
| Research and development | 109 | 97.0 | 97.0 | 102 | 91.0 | 84.0 | 93.0 | 89.0 | 87.0 | 83.0 | 94.0 | 87.0 |
| Operating income | 142 | 110 | 90.0 | 84.0 | 81.0 | 50.0 | 37.0 | 34.0 | 9.0 | -15.0 | -42.0 | -59.0 |
| EBIT | 142 | 110 | 90.0 | 84.0 | 81.0 | 50.0 | 37.0 | 34.0 | 9.0 | -15.0 | -42.0 | -59.0 |
| EBITDA | 154 | 120 | 106 | 98.0 | 97.0 | 69.0 | 48.0 | 46.0 | 19.0 | -4.0 | -32.0 | -49.0 |
| Pre-tax income | 162 | 131 | 101 | 104 | 83.0 | 58.0 | 32.0 | 57.0 | 14.0 | -82.0 | -35.0 | -31.0 |
| Income tax | 8.0 | 5.0 | 0.0 | -1.0 | 3.0 | 2.0 | — | 1.0 | — | 1.0 | 1.0 | — |
| Net income | 154 | 126 | 101 | 105 | 80.0 | 56.0 | 32.0 | 56.0 | 14.0 | -83.0 | -36.0 | -31.0 |
| Net income to common shareholders | 154 | 126 | 101 | 105 | 80.0 | 56.0 | 32.0 | 56.0 | 14.0 | -83.0 | -36.0 | -31.0 |
| Basic EPS | 0.27 | 0.21 | 0.17 | 0.18 | 0.14 | 0.10 | 0.06 | 0.10 | 0.03 | -0.15 | -0.07 | -0.06 |
| Diluted EPS | 0.26 | 0.20 | 0.16 | 0.16 | 0.13 | 0.09 | 0.05 | 0.07 | 0.02 | -0.15 | -0.07 | -0.09 |
| Average shares (basic) | 578 | 587 | 588 | 585 | 580 | 575 | 569 | 563 | 556 | 547 | 541 | 535 |
| Average shares (diluted) | 590 | 602 | 607 | 609 | 605 | 603 | 600 | 590 | 587 | 547 | 541 | 536 |