The Filings Report

Toast, Inc.

TOSTNYSECIK 1650164Financial / Paymentsfiscal year ends December24 quarters since 2020

Revenue, Q2 FY2026
$1.9B
+23.1% on Q2 FY2025
Net income
$154M
+92.5% on Q2 FY2025
Free cash flow
$130M
−37.5% on Q2 FY2025
Diluted EPS
$0.26
+100.0% on Q2 FY2025
Revenue, TTM
$6.8B
trailing four quarters
Net margin, TTM
7.1%
net income $486M
Free cash flow, TTM
$576M
$635M less $59M capex
Cash and equivalents
$1.0B
long-term debt —, Jun 30, 2026
Shares, 12-month change
—
— shares, Jun 30, 2026
Buybacks, TTM
$562M
no yield
Dividends, TTM
—
no yield
Market value
—
at the close, buybacks

Latest quarter Q2 FY2026, filed August 5, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, Toast, Inc. reported revenue of $1.9B, +23.1% on Q2 FY2025, and net income of $154M (+92.5%). Operating margin was 8.0%. Free cash flow, operating cash flow less capital expenditures, was $130M ($144M less $14M). Diluted earnings per share were $0.26.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 5, 2026.

Revenue and net incomeRevenueNet income
−$1B$0$1B$2BQ3'22, Revenue: $752MQ3'22, Net income: −$98MQ3'22Q4'22, Revenue: $768MQ4'22, Net income: −$100MQ4'22Q1'23, Revenue: $819MQ1'23, Net income: −$81MQ1'23Q2'23, Revenue: $978MQ2'23, Net income: −$98MQ2'23Q3'23, Revenue: $1.0BQ3'23, Net income: −$31MQ3'23Q4'23, Revenue: $1.0BQ4'23, Net income: −$36MQ4'23Q1'24, Revenue: $1.1BQ1'24, Net income: −$83MQ1'24Q2'24, Revenue: $1.2BQ2'24, Net income: $14MQ2'24Q3'24, Revenue: $1.3BQ3'24, Net income: $56MQ3'24Q4'24, Revenue: $1.3BQ4'24, Net income: $32MQ4'24Q1'25, Revenue: $1.3BQ1'25, Net income: $56MQ1'25Q2'25, Revenue: $1.6BQ2'25, Net income: $80MQ2'25Q3'25, Revenue: $1.6BQ3'25, Net income: $105MQ3'25Q4'25, Revenue: $1.6BQ4'25, Net income: $101MQ4'25Q1'26, Revenue: $1.6BQ1'26, Net income: $126MQ1'26Q2'26, Revenue: $1.9BQ2'26, Net income: $154MQ2'26−$1B$0$1B$2BQ3'22, Revenue: $752MQ3'22, Net income: −$98MQ4'22, Revenue: $768MQ4'22, Net income: −$100MQ4'22Q1'23, Revenue: $819MQ1'23, Net income: −$81MQ2'23, Revenue: $978MQ2'23, Net income: −$98MQ2'23Q3'23, Revenue: $1.0BQ3'23, Net income: −$31MQ4'23, Revenue: $1.0BQ4'23, Net income: −$36MQ4'23Q1'24, Revenue: $1.1BQ1'24, Net income: −$83MQ2'24, Revenue: $1.2BQ2'24, Net income: $14MQ2'24Q3'24, Revenue: $1.3BQ3'24, Net income: $56MQ4'24, Revenue: $1.3BQ4'24, Net income: $32MQ4'24Q1'25, Revenue: $1.3BQ1'25, Net income: $56MQ2'25, Revenue: $1.6BQ2'25, Net income: $80MQ2'25Q3'25, Revenue: $1.6BQ3'25, Net income: $105MQ4'25, Revenue: $1.6BQ4'25, Net income: $101MQ4'25Q1'26, Revenue: $1.6BQ1'26, Net income: $126MQ2'26, Revenue: $1.9BQ2'26, Net income: $154MQ2'26

Net income losses drawn in red.

Free cash flow
−$100M$0$100M$200M$300MQ3'22, Free cash flow: −$75MQ3'22Q4'22, Free cash flow: −$39MQ4'22Q1'23, Free cash flow: −$65MQ1'23Q2'23, Free cash flow: $39MQ2'23Q3'23, Free cash flow: $38MQ3'23Q4'23, Free cash flow: $81MQ4'23Q1'24, Free cash flow: −$33MQ1'24Q2'24, Free cash flow: $108MQ2'24Q3'24, Free cash flow: $97MQ3'24Q4'24, Free cash flow: $134MQ4'24Q1'25, Free cash flow: $69MQ1'25Q2'25, Free cash flow: $208MQ2'25Q3'25, Free cash flow: $153MQ3'25Q4'25, Free cash flow: $178MQ4'25Q1'26, Free cash flow: $115MQ1'26Q2'26, Free cash flow: $130MQ2'26−$100M$0$100M$200M$300MQ3'22, Free cash flow: −$75MQ4'22, Free cash flow: −$39MQ4'22Q1'23, Free cash flow: −$65MQ2'23, Free cash flow: $39MQ2'23Q3'23, Free cash flow: $38MQ4'23, Free cash flow: $81MQ4'23Q1'24, Free cash flow: −$33MQ2'24, Free cash flow: $108MQ2'24Q3'24, Free cash flow: $97MQ4'24, Free cash flow: $134MQ4'24Q1'25, Free cash flow: $69MQ2'25, Free cash flow: $208MQ2'25Q3'25, Free cash flow: $153MQ4'25, Free cash flow: $178MQ4'25Q1'26, Free cash flow: $115MQ2'26, Free cash flow: $130MQ2'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$500M$1.0B$1.5BQ3'22, Cash and equivalents: $644MQ3'22Q4'22, Cash and equivalents: $547MQ4'22Q1'23, Cash and equivalents: $451MQ1'23Q2'23, Cash and equivalents: $488MQ2'23Q3'23, Cash and equivalents: $514MQ3'23Q4'23, Cash and equivalents: $605MQ4'23Q1'24, Cash and equivalents: $578MQ1'24Q2'24, Cash and equivalents: $691MQ2'24Q3'24, Cash and equivalents: $761MQ3'24Q4'24, Cash and equivalents: $903MQ4'24Q1'25, Cash and equivalents: $1.0BQ1'25Q2'25, Cash and equivalents: $1.2BQ2'25Q3'25, Cash and equivalents: $1.4BQ3'25Q4'25, Cash and equivalents: $1.4BQ4'25Q1'26, Cash and equivalents: $1.1BQ1'26Q2'26, Cash and equivalents: $1.0BQ2'26$0$500M$1.0B$1.5BQ3'22, Cash and equivalents: $644MQ4'22, Cash and equivalents: $547MQ4'22Q1'23, Cash and equivalents: $451MQ2'23, Cash and equivalents: $488MQ2'23Q3'23, Cash and equivalents: $514MQ4'23, Cash and equivalents: $605MQ4'23Q1'24, Cash and equivalents: $578MQ2'24, Cash and equivalents: $691MQ2'24Q3'24, Cash and equivalents: $761MQ4'24, Cash and equivalents: $903MQ4'24Q1'25, Cash and equivalents: $1.0BQ2'25, Cash and equivalents: $1.2BQ2'25Q3'25, Cash and equivalents: $1.4BQ4'25, Cash and equivalents: $1.4BQ4'25Q1'26, Cash and equivalents: $1.1BQ2'26, Cash and equivalents: $1.0BQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

Toast, Inc. income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 8, 2026Q4 FY2025ended Dec 31, 2025filed Feb 18, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 9, 2025Q4 FY2024ended Dec 31, 2024filed Feb 26, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue1,9081,6301,6331,6331,5501,3371,3381,305+23.1%
Cost of revenue1,3921,1831,2101,2011,1589911,005983+20.2%
Gross profit516447423432392346333322+31.6%
Research and development109979710291849389+19.8%
Selling, general and administrative89848410279797880+12.7%
Operating income152110858480433234+90.0%
Other income (expense)——000—015—
Pretax income16213110110483583257+95.2%
Income tax850(1)3201+166.7%
Net income15412610110580563256+92.5%
Diluted EPS ($)0.260.20—0.160.130.09—0.07+100.0%
Diluted shares (millions)590602—609605603—590—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

Toast, Inc. balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 8, 2026Q4 FY2025ended Dec 31, 2025filed Feb 18, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 9, 2025Q4 FY2024ended Dec 31, 2024filed Feb 26, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents1,0151,0981,3531,3571,1941,005903761−15.0%
Short-term investments———————511—
Total current assets2,6502,5922,6692,4952,3172,1221,9751,802+14.4%
Total assets3,1813,0943,1452,9712,7672,5642,4082,227+15.0%
Total current liabilities1,1041,064969911894844811748+23.5%
Long-term debt—————————
Total liabilities1,1361,1041,021957949891863807+19.7%
Stockholders’ equity2,0451,9902,1242,0141,8181,6731,5451,420+12.5%
Shares outstanding (millions)—————————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

Toast, Inc. cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 8, 2026Q4 FY2025ended Dec 31, 2025filed Feb 18, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 9, 2025Q4 FY2024ended Dec 31, 2024filed Feb 26, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow14413219416522379147109−35.4%
Capital expenditures1417161215101312−6.7%
Free cash flow (CFO − capex)1301151781532086913497−37.5%
Depreciation and amortization1210161316191112−25.0%
Share repurchases16332353231417020+1064.3%
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 18, 2026.

Income statement

Toast, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 18, 2026FY2024ended Dec 31, 2024filed Feb 26, 2025FY2023ended Dec 31, 2023filed Feb 27, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Mar 1, 2022FY2020ended Dec 31, 2020filed Nov 9, 2021FY2019ended Dec 31, 2019filed Nov 9, 2021
Revenue6,1534,9603,8652,7311,705823665
Cost of revenue4,5603,7703,0312,2201,391683603
Gross profit1,5931,19083451131414062
Research and development37435135828216310964
Selling, general and administrative34430736229418911383
Operating income29216(287)(384)(228)(220)(213)
Other income (expense)013310(1)0
Pretax income34622(244)(277)(490)(248)(212)
Income tax432(2)(3)0(3)
Net income34219(246)(275)(487)(248)(209)
Diluted EPS ($)0.560.03(0.47)(0.72)(1.68)(1.25)(1.08)
Diluted shares (millions)607591533512290200195

Balance sheet

Toast, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 18, 2026FY2024ended Dec 31, 2024filed Feb 26, 2025FY2023ended Dec 31, 2023filed Feb 27, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Mar 1, 2022FY2020ended Dec 31, 2020filed Nov 9, 2021FY2019ended Dec 31, 2019filed Nov 9, 2021
Cash and equivalents1,353903605547809582150
Short-term investments——5194744570—
Total current assets2,6691,9751,5701,4071,485673—
Total assets3,1452,4081,9581,7611,735776—
Total current liabilities969811663496352136—
Long-term debt————0172—
Total liabilities1,021863764663644398—
Stockholders’ equity2,1241,5451,1941,0981,091(471)(330)
Shares outstanding (millions)———————

Cash flow statement

Toast, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 18, 2026FY2024ended Dec 31, 2024filed Feb 26, 2025FY2023ended Dec 31, 2023filed Feb 27, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Mar 1, 2022FY2020ended Dec 31, 2020filed Nov 9, 2021FY2019ended Dec 31, 2019filed Nov 9, 2021
Operating cash flow661360135(156)2(125)(126)
Capital expenditures5354423319289
Free cash flow (CFO − capex)60830693(189)(17)(153)(135)
Depreciation and amortization6446322421277
Share repurchases1075600———
Dividends paid———————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$19M
25 sales by 6 insiders; officers and directors $19M
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$28M
57 sales by 7 insiders; officers and directors $28M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 24, 2026Bharadwaj AnuttharaDirectoroption exercise3,566$0.00—3,566Oct 27, 2026
Oct 5, 2026Vassil JonathanChief Revenue Officeroption exercise7,623$2.21$17K85,047Oct 6, 2026
Oct 5, 2026Vassil JonathanChief Revenue Officeropen-market sale10b5-17,623$30.19$230K77,424Oct 6, 2026
Oct 2, 2026Gomez ElenaPresident, CFOopen-market sale11,886$29.35$349K171,957Oct 5, 2026
Oct 2, 2026Fredette StephenPresident, Directoropen-market sale9,368$29.35$275K941,692Oct 5, 2026
Oct 2, 2026Narang AmanCEO, Directoropen-market sale14,713$29.35$432K86,543Oct 5, 2026
Oct 2, 2026Elworthy Brian RGeneral Counselopen-market sale6,507$29.35$191K204,023Oct 5, 2026
Oct 2, 2026Vassil JonathanChief Revenue Officeropen-market sale10b5-16,808$29.35$200K77,424Oct 5, 2026
Oct 2, 2026Vassil JonathanChief Revenue Officeroption exercise6,657$2.21$15K84,081Oct 5, 2026
Oct 2, 2026Vassil JonathanChief Revenue Officeropen-market sale10b5-16,657$30.03$200K77,424Oct 5, 2026
Oct 1, 2026Gomez ElenaPresident, CFOoption exercise6,331——166,481Oct 5, 2026
Oct 1, 2026Gomez ElenaPresident, CFOoption exercise6,316——172,797Oct 5, 2026
Oct 1, 2026Gomez ElenaPresident, CFOoption exercise4,716——177,513Oct 5, 2026
Oct 1, 2026Gomez ElenaPresident, CFOoption exercise6,330——183,843Oct 5, 2026
Oct 1, 2026Fredette StephenPresident, Directoroption exercise5,698——937,147Oct 5, 2026
Oct 1, 2026Fredette StephenPresident, Directoroption exercise5,652——942,799Oct 5, 2026
Oct 1, 2026Fredette StephenPresident, Directoroption exercise3,858——946,657Oct 5, 2026
Oct 1, 2026Fredette StephenPresident, Directoroption exercise4,403——951,060Oct 5, 2026
Oct 1, 2026Narang AmanCEO, Directoroption exercise6,331——76,782Oct 5, 2026
Oct 1, 2026Narang AmanCEO, Directoroption exercise12,598——89,380Oct 5, 2026
Oct 1, 2026Narang AmanCEO, Directoroption exercise8,574——97,954Oct 5, 2026
Oct 1, 2026Narang AmanCEO, Directoroption exercise3,302——101,256Oct 5, 2026
Oct 1, 2026Elworthy Brian RGeneral Counseloption exercise3,482——200,391Oct 5, 2026
Oct 1, 2026Elworthy Brian RGeneral Counseloption exercise3,989——204,380Oct 5, 2026
Oct 1, 2026Elworthy Brian RGeneral Counseloption exercise2,572——206,952Oct 5, 2026

Full insider history for Toast, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
Toast, Inc., CIK 1650164 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: CostOfRevenue
Gross profit: GrossProfit
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: AvailableForSaleSecuritiesDebtSecuritiesCurrent
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): not filed

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquireProductiveAssets, PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: not filed

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/TOST.json