TOST
Company Description
Toast, Inc. operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader. It also provides kitchen display system software that connects the front of the house with the kitchen staff; multi-location management software, which allows customers to manage and standardize their operations and configure menus; xtraCHEF that provides back-office tools; and Toast Flex for Kitchen, a larger format mountable piece of hardware that can be used as a kitchen screen. In addition, the company offers Toast Online Ordering & Toast TakeOut app, a software-based platform that provides restaurants to take off-premises orders directly through their branded website; First-Party Delivery services for restaurants to manage a fleet of drivers, and customize delivery hours, zones, fees, and minimum ticket sizes; Toast Delivery Services, which enables restaurants to utilize a partner network of delivery drivers; and Toast Delivery Partners services. Further, it provides loyalty programs and gift cards; payroll and team management products; business owner policy insurance and restaurant-specific add-ons; payment processing solutions; loans advanced to restaurants; purchase financing; reporting and analytics solutions; Toast Partner Connect that allows customers to discover, select, and connect their restaurant to its partners; and bi-directional APIs. The company was incorporated in 2011 and is headquartered in Boston, Massachusetts.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 6.15B | 4.96B | 3.87B | 2.73B | 1.71B | 823.00M | 665.00M |
| Net Income | 342.00M | 19.00M | (246.00M) | (275.00M) | (487.00M) | (248.00M) | (209.00M) |
| EPS | 0.59 | 0.03 | -0.47 | -0.72 | -0.97 | -0.54 | -0.45 |
| Free Cash Flow | 608.00M | 306.00M | 93.00M | (189.00M) | (17.00M) | (161.00M) | (141.00M) |
| FCF / Share | 1.04 | 0.55 | 0.17 | -0.37 | -0.03 | -0.35 | -0.31 |
| Operating CF | 661.00M | 360.00M | 135.00M | (156.00M) | 2.00M | (125.00M) | (126.00M) |
| Total Assets | 3.15B | 2.46B | 1.96B | 1.76B | 1.74B | 775.96M | 305.74M |
| Total Debt | 40.00M | 34.00M | 44.00M | 94.00M | 99.00M | 1.02B | 455.78M |
| Cash & Equiv | 1.35B | 903.00M | 605.00M | 547.00M | 809.00M | 581.82M | 150.37M |
| Book Value | 2.12B | 1.54B | 1.19B | 1.10B | 1.09B | (470.98M) | (330.43M) |
| Return on Equity | 0.16 | 0.01 | -0.21 | -0.25 | -0.45 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.63B | 1.63B | 1.63B | 1.55B | 1.34B | 1.34B | 1.30B | 1.24B | 1.07B | 1.04B | 1.03B | 978.00M |
| Net Income | 126.00M | 101.00M | 105.00M | 80.00M | 56.00M | 32.00M | 56.00M | 14.00M | (83.00M) | (36.00M) | (31.00M) | (98.00M) |
| EPS | 0.21 | 0.17 | 0.18 | 0.14 | 0.10 | 0.06 | 0.09 | 0.03 | -0.15 | -0.07 | -0.09 | -0.19 |
| Free Cash Flow | 115.00M | 178.00M | 153.00M | 208.00M | 69.00M | 134.00M | 97.00M | 108.00M | (33.00M) | 81.00M | 38.00M | 39.00M |
| FCF / Share | 0.20 | 0.30 | 0.26 | 0.36 | 0.12 | 0.24 | 0.17 | 0.19 | -0.06 | 0.15 | 0.07 | 0.07 |
| Operating CF | 132.00M | 194.00M | 165.00M | 223.00M | 79.00M | 147.00M | 109.00M | 124.00M | (20.00M) | 92.00M | 48.00M | 50.00M |
| Total Assets | 3.09B | 3.15B | 2.97B | 2.77B | 2.56B | 2.46B | 2.23B | 2.15B | 2.05B | 1.96B | 1.83B | 1.79B |
| Total Debt | 17.00M | 40.00M | 18.00M | 19.00M | 22.00M | 34.00M | 38.00M | 40.00M | 41.00M | 44.00M | 32.00M | 33.00M |
| Cash & Equiv | 1.10B | 1.35B | 1.36B | 1.19B | 1.00B | 903.00M | 761.00M | 691.00M | 578.00M | 605.00M | 514.00M | 488.00M |
| Book Value | 1.99B | 2.12B | 2.01B | 1.82B | 1.67B | 1.54B | 1.42B | 1.28B | 1.20B | 1.19B | 1.15B | 1.08B |
| Return on Equity | 0.06 | 0.05 | 0.05 | 0.04 | 0.03 | 0.02 | 0.04 | 0.01 | -0.07 | -0.03 | -0.03 | -0.09 |