Toast, Inc. logo TOST - Toast, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 16
HOLD 14
SELL 0
STRONG
SELL 0
| PRICE TARGET: $36.56 DETAILS
HIGH: $45.00
LOW: $28.00
MEDIAN: $36.00
CONSENSUS: $36.56
UPSIDE: 56.30%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019
Revenue
Revenue 6,153 4,960 3,865 2,731 1,705 823 665
Cost of Revenue 4,560 3,770 3,031 2,220 1,391 683 603
Gross Profit 1,585 1,190 834 511 314 140 62
Operating Expenses
R&D Expenses 371 351 358 282 163 109 64
SG&A Expenses 915 777 763 613 379 251 211
Other Expenses (6) 46 0 0 0 0 0
Operating Expenses 1,280 1,174 1,121 895 542 360 275
Operating Income
Operating Income 305 16 (287) (384) (228) (220) (213)
Interest Expense 0 0 0 0 12 12.7 0
Interest Income 51 42 37 11 0 0.8 2
Profitability
EBITDA 372 108 (255) (360) (207) (209) (205)
EBIT 305 62 (287) (384) (228) (236) (212)
Income Before Tax 346 22 (244) (277) (490) (248) (212)
Income Tax Expense 4 3 2 (2) (3) 0 (3)
Net Income 342 19 (246) (275) (487) (248) (209)
Per Share Data
EPS (Basic) 0.59 0.03 -0.47 -0.72 -0.97 -0.54 -0.45
EPS (Diluted) 0.56 0.03 -0.47 -0.72 -0.97 -0.54 -0.45
Shares Outstanding 582 559 532 511.8 500.1 461.2 461.2
Metric 2025 2024 2023 2022 2021 2020 2019
Current Assets
Cash & Cash Equivalents 1,353 903 605 547 809 581.8 150.4
Short-Term Investments 638 514 519 474 457 0 0
Net Receivables 127 115 127 77 55 33.8 44.6
Inventory 114 118 124 130 63 19.3 15.4
Other Current Assets 437 251 111 108 41 10.6 6.7
Total Current Assets 2,669 1,901 1,510 1,363 1,455 656.3 228.5
Non-Current Assets
Property, Plant & Equipment 132 123 111 138 120 34.1 20.0
Goodwill 113 113 113 0 74 35.9 35.9
Intangible Assets 14 20 26 136 16 16.9 16.7
Long-Term Investments 71 59 55 28 8 1.2 2.3
Other Non-Current Assets 146 192 143 96 62 31.6 2.5
Total Non-Current Assets 476 562 448 398 280 119.7 77.3
Total Assets 3,145 2,463 1,958 1,761 1,735 776.0 305.7
Current Liabilities
Account Payables 47 37 32 30 40 30.6 31.5
Short-Term Debt 0 10 11 14 22 0 9.2
Deferred Revenue 68 59 39 39 44 44.0 39.5
Other Current Liabilities 854 579 478 339 203 42.2 42.6
Total Current Liabilities 969 811 663 496 352 136.4 139.7
Non-Current Liabilities
Long-Term Debt 20 0 0 0 0 1,020.6 446.6
Deferred Tax Liabilities 0 55 0 0 0 0 0
Other Non-Current Liabilities 12 28 68 80 203 55.9 4.0
Total Non-Current Liabilities 52 107 101 167 292 1,110.5 496.5
Total Liabilities 1,021 918 764 663 644 1,246.9 636.2
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0
Retained Earnings (1,262) (1,604) (1,623) (1,377) (1,102) (615.9) (385.9)
Accumulated Other Comprehensive Income 2 (1) 0 (2) (1) 0.2 (0.1)
Total Stockholders' Equity 2,124 1,545 1,194 1,098 1,091 (471.0) (330.4)
Total Liabilities & Equity 3,145 2,463 1,958 1,761 1,735 776.0 305.7
Debt Metrics
Total Debt 40 34 44 94 99 1,020.6 455.8
Net Debt (1,313) (869) (561) (453) (710) 438.8 305.4
Metric 2025 2024 2023 2022 2021 2020 2019
Operating Activities
Net Income 342 19 (246) (275) (487) (248) (209)
Depreciation & Amortization 67 46 32 24 21 27 7
Stock-Based Compensation 242 258 287 238 159 86 34
Change in Working Capital (191) (148) (59) (129) 11 (28) 44
Other Non-Cash Items 201 185 121 (9) 301 38 1
Operating Cash Flow 661 360 135 (156) 2 (125) (126)
Investing Activities
Capital Expenditure (53) (54) (42) (33) (19) (36) (15)
Acquisitions 0 0 (9) (46) (26) 0 (33)
Purchases of Investments (633) (473) (623) (434) (469) 0 0
Sales/Maturities of Investments 514 488 591 415 10 0 0
Other Investing Activities 0 0 (3) (17) (6) (8) (5)
Investing Cash Flow (172) (39) (86) (98) (503) (36) (47)
Financing Activities
Net Debt Issuance 33 36 0 0 (245) 186 7
Stock Repurchased (107) (56) 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0
Other Financing Activities 0 (61) 27 23 20 7 (2)
Financing Cash Flow 7 18 63 38 759 594 256
Cash Position
Net Change in Cash 450 338 112 (216) 257 435 83
Cash at Beginning 903 747 635 851 594 159 76
Cash at End 1,353 1,085 747 635 851 594 159
Free Cash Flow 608 306 93 (189) (17) (161) (141)
Key Metrics 2025 2024 2023 2022 2021 2020 2019
Income Statement
Revenue 6,153 4,960 3,865 2,731 1,705 823 665
Gross Profit 1,585 1,190 834 511 314 140 62
Operating Income 305 16 (287) (384) (228) (220) (213)
Net Income 342 19 (246) (275) (487) (248) (209)
EPS (Diluted) 0.56 0.03 -0.47 -0.72 -0.97 -0.54 -0.45
Balance Sheet
Cash & Equivalents 1,353 903 605 547 809 581.8 150.4
Total Assets 3,145 2,463 1,958 1,761 1,735 776.0 305.7
Total Debt 40 34 44 94 99 1,020.6 455.8
Stockholders' Equity 2,124 1,545 1,194 1,098 1,091 (471.0) (330.4)
Cash Flow
Operating Cash Flow 661 360 135 (156) 2 (125) (126)
Capital Expenditure (53) (54) (42) (33) (19) (36) (15)
Free Cash Flow 608 306 93 (189) (17) (161) (141)