Toast, Inc. (TOST) — Financial statements
Income statement, balance sheet, and cash flow for Toast, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 6,153↑24.1% | 4,960↑28.3% | 3,865↑41.5% | 2,731↑60.2% | 1,705 | |
| Cost of Revenue | 4,560↑21.0% | 3,770↑24.4% | 3,031↑36.5% | 2,220↑59.6% | 1,391 | |
| Gross Profit | 1,585↑33.2% | 1,190↑42.7% | 834↑63.2% | 511↑62.7% | 314 | |
| Operating Expenses | ||||||
| R&D Expenses | 371↑5.7% | 351↓2.0% | 358↑27.0% | 282↑73.0% | 163 | |
| General & Administrative Expenses | 344↑12.1% | 307↓15.2% | 362↑23.1% | 294↑55.6% | 189 | |
| Selling & Marketing Expenses | 571↑21.5% | 470↑17.2% | 401↑25.7% | 319↑67.9% | 190 | |
| SG&A Expenses | 915↑17.8% | 777↑1.8% | 763↑24.5% | 613↑61.7% | 379 | |
| Other Expenses | -6↓113.0% | 46 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 1,280↑9.0% | 1,174↑4.7% | 1,121↑25.3% | 895↑65.1% | 542 | |
| Total Costs & Expenses | 5,848↑18.3% | 4,944↑19.1% | 4,152↑33.3% | 3,115↑61.1% | 1,933 | |
| Operating Results | ||||||
| Operating Income | 305↑1806.3% | 16↑105.6% | -287↑25.3% | -384↓68.4% | -228 | |
| Depreciation & Amortization | 67↑45.7% | 46↑43.8% | 32↑33.3% | 24↑14.3% | 21 | |
| EBITDA | 372↑244.4% | 108↑142.4% | -255↑29.2% | -360↓73.9% | -207 | |
| EBIT | 305↑391.9% | 62↑121.6% | -287↑25.3% | -384↓68.4% | -228 | |
| Interest & Other Income | ||||||
| Net Interest Income | 51↑21.4% | 42↑13.5% | 37↑236.4% | 11↑191.7% | -12 | |
| Interest Income | 51↑21.4% | 42↑13.5% | 37↑236.4% | 11 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 12 | |
| Non-Operating Income | 0.00↑100.0% | -46 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 41↑583.3% | 6↓86.0% | 43↓59.8% | 107↑140.8% | -262 | |
| Income Before Tax | 346↑1472.7% | 22↑109.0% | -244↑11.9% | -277↑43.5% | -490 | |
| Income Tax Expense | 4↑33.3% | 3↑50.0% | 2↑200.0% | -2↑33.3% | -3 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 342↑1700.0% | 19↑107.7% | -246↑10.5% | -275↑43.5% | -487 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 342↑1700.0% | 19↑107.7% | -246↑10.5% | -275↑43.5% | -487 | |
| Bottom-Line Net Income | 342↑1700.0% | 19↑107.6% | -249↑32.7% | -370↑24.0% | -487 | |
| EPS (Basic) | 0.59↑1635.3% | 0.03↑107.2% | -0.47↑34.7% | -0.72↑25.8% | -0.97 | |
| EPS (Diluted) | 0.56↑1639.1% | 0.03↑106.9% | -0.47↑34.7% | -0.72↑25.8% | -0.97 | |
| Weighted Average Shares | 582↑4.1% | 559↑5.1% | 532↑4.0% | 512↑2.3% | 500 | |
| Weighted Average Diluted Shares | 607↑2.7% | 591↑10.9% | 533↑4.1% | 512↑1.9% | 503 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.