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 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 1,630 1,633 1,633 1,550 1,337 1,338 1,305 1,242 1,075 1,036 1,032 978 819 768 752 675 535 514.9 486 426 282 242.5 236.8 145.2 198.6
Cost of Revenue 1,183 1,210 1,201 1,158 991 1,005 983 956 826 810 806 770 645 610 601 562 446 438.9 403 337 213 195.4 188.4 117.7 181.1
Gross Profit 447 420 432 392 346 333 322 286 249 226 226 208 174 158 151 113 89 76.0 83 89 69 47.1 48.3 27.5 17.5
Operating Expenses
R&D Expenses 97 95 102 91 84 93 89 87 83 94 87 92 85 79 74 67 62 50.0 40 50 23 29.9 34.3 20.2 24.2
SG&A Expenses 240 237 246 220 212 208 199 190 181 188 198 196 181 178 162 145 128 143.4 98 90 51 74.1 52.7 60.4 62.6
Other Expenses 0 (1) 0 1 7 0 0 4 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.2
Operating Expenses 337 331 348 312 303 301 288 281 305 282 285 288 266 257 236 212 190 193.4 138 140 74 104.0 87.0 80.6 89.0
Operating Income
Operating Income 110 89 84 80 43 32 34 5 (56) (56) (59) (80) (92) (99) (85) (99) (101) (117.5) (55) (51) (5) (56.9) (38.7) (53.1) (71.5)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) 0.2 6 6 5.8 5.7 1.0 0.2
Interest Income 0 15 13 11 12 12 9 10 10 10 10 9 8 6 3 1 1 0 0 0 0 0.0 0.1 0.1 0.5
Profitability
EBITDA 120 106 117 97 69 43 46 21 (4) (46) (51) (72) (86) (93) (79) (93) (95) 5.8 (48) (128) (89) (37.5) (53.7) (50.8) (68.3)
EBIT 110 89 104 81 50 32 34 9 (15) (56) (59) (80) (92) (99) (85) (99) (101) 0.4 (55) (133) (93) (55.1) (56.8) (53.1) (70.7)
Income Before Tax 131 101 104 83 58 32 57 14 (82) (35) (31) (97) (81) (98) (102) (54) (23) 0.8 (254) (139) (99) (60.9) (62.5) (53.7) (70.9)
Income Tax Expense 5 0 (1) 3 2 0 1 0 1 1 0 1 0 2 (4) 0 0 0.6 0 (4) 0 0.2 0.1 0 (0.1)
Net Income 126 101 105 80 56 32 56 14 (83) (36) (31) (98) (81) (100) (98) (54) (23) 0.1 (254) (135) (99) (61.0) (62.6) (53.7) (70.8)
Per Share Data
EPS (Basic) 0.21 0.17 0.18 0.14 0.10 0.06 0.09 0.03 -0.15 -0.07 -0.09 -0.19 -0.16 0.00 -0.19 -0.11 -0.20 0.00 -0.51 -0.27 -0.21 -0.13 -0.14 -0.12 -0.15
EPS (Diluted) 0.20 0.16 0.16 0.13 0.09 0.06 0.07 0.02 -0.15 -0.07 -0.09 -0.19 -0.16 0.00 -0.19 -0.11 -0.20 0.00 -0.51 -0.27 -0.21 -0.13 -0.14 -0.12 -0.15
Shares Outstanding 587 588 585 580 575 569 563 556 547 541 535 529 524 518.5 513.7 509.5 505.4 500.8 500.1 499.3 461.2 461.2 461.2 461.2 461.2
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2
Current Assets
Cash & Cash Equivalents 1,098 1,353 1,357 1,194 1,005 903 761 691 578 605 514 488 451 547 644 697 757 809 1,301.6 376.1
Short-Term Investments 672 638 500 508 484 514 511 528 537 519 516 502 499 474 409 482 453 457 0 0
Net Receivables 138 127 121 121 118 115 174 171 157 127 95 115 97 77 78 68 56 55 53.1 49.1
Inventory 136 114 104 103 111 118 106 110 120 124 108 120 128 130 119 88 76 63 54.0 47.2
Other Current Assets 548 437 289 271 285 251 149 139 162 111 169 154 155 108 95 100 75 41 37.4 27.1
Total Current Assets 2,592 2,669 2,406 2,234 2,045 1,901 1,732 1,672 1,587 1,510 1,424 1,403 1,361 1,363 1,362 1,450 1,445 1,455 1,473.0 514.2
Non-Current Assets
Property, Plant & Equipment 138 132 123 118 116 123 126 123 116 111 92 86 145 138 128 119 121 120 42.4 32.9
Goodwill 113 113 113 113 113 113 113 113 113 113 113 113 113 0 107 74 74 74 74.7 74.7
Intangible Assets 13 14 16 17 19 20 22 23 25 26 28 30 31 136 31 13 15 16 17.2 28.8
Long-Term Investments 0 71 76 63 67 59 56 58 57 55 49 43 36 28 19 14 11 8 2.7 1.7
Other Non-Current Assets 238 146 237 222 204 192 178 166 154 143 128 120 109 96 94 80 68 62 47.3 43.8
Total Non-Current Assets 502 476 565 533 519 562 495 483 465 448 410 392 434 398 379 300 289 280 184.3 182.0
Total Assets 3,094 3,145 2,971 2,767 2,564 2,463 2,227 2,155 2,052 1,958 1,834 1,795 1,795 1,761 1,741 1,750 1,734 1,735 1,657.3 696.2
Current Liabilities
Account Payables 70 47 50 49 48 37 30 33 49 32 27 42 36 30 28 37 29 40 33.7 25.3
Short-Term Debt 0 0 0 0 0 10 11 11 11 11 10 8 15 14 13 14 18 22 0.8 0.9
Deferred Revenue 73 68 63 60 58 59 62 62 50 39 38 41 43 39 40 43 42 44 46.9 48.4
Other Current Liabilities 921 854 690 688 680 579 555 546 550 478 429 415 397 339 324 314 287 203 178.7 155.2
Total Current Liabilities 1,064 969 911 894 844 811 748 736 713 663 574 584 538 496 457 457 404 352 286.8 252.6
Non-Current Liabilities
Long-Term Debt 17 20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 848.9
Deferred Tax Liabilities 0 0 0 0 0 55 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 23 12 28 36 25 28 32 107 106 68 75 95 76 80 76 56 102 203 348.2 177.0
Total Non-Current Liabilities 40 52 46 55 47 107 59 136 136 101 111 132 159 167 165 143 187 292 361 1,058.7
Total Liabilities 1,104 1,021 957 949 891 918 807 872 849 764 685 716 697 663 622 600 591 644 647.8 1,311.3
Stockholders' Equity
Common Stock 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings (1,136) (1,262) (1,363) (1,468) (1,548) (1,604) (1,636) (1,692) (1,706) (1,623) (1,587) (1,556) (1,458) (1,377) (1,277) (1,179) (1,125) (1,102) (1,103.0) (850.5)
Accumulated Other Comprehensive Income (1) 2 3 2 0 (1) 3 (1) (1) 0 (2) (2) 0 (2) (4) (5) (3) (1) 0.0 0.1
Total Stockholders' Equity 1,990 2,124 2,014 1,818 1,673 1,545 1,420 1,283 1,203 1,194 1,149 1,079 1,098 1,098 1,119 1,150 1,143 1,091 1,009.5 (615.1)
Total Liabilities & Equity 3,094 3,145 2,971 2,767 2,564 2,463 2,227 2,155 2,052 1,958 1,834 1,795 1,795 1,761 1,741 1,750 1,734 1,735 1,657.3 696.2
Debt Metrics
Total Debt 17 40 18 19 22 34 38 40 41 44 32 33 92 94 94 92 95 99 0.8 849.8
Net Debt (1,081) (1,313) (1,339) (1,175) (983) (869) (723) (651) (537) (561) (482) (455) (359) (453) (550) (605) (662) (710) (1,300.8) 473.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income 126 101 105 80 56 32 56 14 (83) (36) (31) (98) (81) (100) (98) (54) (23) 0.1 (254) (135) (99) (61.0) (62.6) (53.7) (62.3)
Depreciation & Amortization 11 17 13 16 19 11 12 12 11 10 8 8 6 6 6 6 6 5.4 7 5 4 17.6 3.1 2.3 2.3
Stock-Based Compensation 0 56 66 60 60 60 65 67 66 71 81 72 63 71 57 57 53 63.8 36 54 5 28.0 36.2 11.1 11.1
Change in Working Capital (98) (33) (76) 16 (98) (12) (48) (6) (82) 20 (26) 13 (66) (33) (76) (1) (19) (5.6) (12) 44 (16) (25.8) 6.4 (0.6) (0.6)
Other Non-Cash Items 93 53 57 51 42 56 24 37 68 27 16 55 24 37 47 (29) (64) (96.6) 205 88 101 3.3 28.1 (7.9) 0.6
Operating Cash Flow 132 194 165 223 79 147 109 124 (20) 92 48 50 (55) (19) (69) (21) (47) (32.0) (18) 56 (5) (38.0) 11.2 (48.9) (48.9)
Investing Activities
Capital Expenditure (17) (16) (12) (15) (10) (13) (12) (16) (13) (11) (10) (11) (10) (10) (11) (9) (3) (2.7) (4) (4) (8) 7.8 (10.8) (13.3) (13.3)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 (9) 0 (46) 0 0 0.1 0 0 0 0 0 0 0
Purchases of Investments (184) (262) (90) (171) (110) (120) (77) (131) (145) (144) (128) (175) (176) (247) (47) (110) (30) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 126 126 98 148 142 118 98 143 129 154 109 174 154 184 121 80 30 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 (2) (9) (9) (7) (5) (4) (1) (459.3) (2) (28) (2) (2.1) (1.7) (2.3) (2.3)
Investing Cash Flow (75) (152) (4) (38) 22 (15) 9 (4) (29) (1) (31) (12) (42) (73) 17 (39) (3) (460.6) (4) (30) (8) 5.8 (10.5) (15.5) (15.5)
Financing Activities
Net Debt Issuance 82 (16) 1 (19) 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.5) 0 0 0 (0.7) (1.4) 0 0
Stock Repurchased (323) (53) (23) (14) (17) 0 (20) (32) (4) 0 0 0 0 0 0 0 0 0 0 0 0 (0.8) (0.1) (0.2) (0.2)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 3 3 11 64 (4) (49) (21) 49 0 (4) (6) 37 2 (11) 13 29 4.3 7.4 (214) 12 0.1 8.4 294.6 294.6
Financing Cash Flow (227) (63) 19 (22) 73 11 (40) (26) 73 5 12 (2) 48 2 (6) 13 29 3.1 958 (214) 12 (1.3) 7.0 294.4 294.4
Cash Position
Net Change in Cash (255) (4) 163 189 174 141 80 93 24 97 28 36 (49) (89) (53) (47) (21) (490.0) 936 (187) (2) (33.3) 7.6 230.0 230.0
Cash at Beginning 1,353 1,357 1,194 1,005 1,085 944 864 771 747 650 622 586 635 724 697 830 851 1,341.0 405 592 594 626.9 619.3 0 0
Cash at End 1,098 1,353 1,357 1,194 1,259 1,085 944 864 771 747 650 622 586 635 644 783 830 851 1,341 405 592 593.7 626.9 230.0 230.0
Free Cash Flow 115 178 153 208 69 134 97 108 (33) 81 38 39 (65) (29) (80) (30) (50) (34.7) (22) 52 (13) (30.2) 0.4 (62.2) (62.2)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 1,630 1,633 1,633 1,550 1,337 1,338 1,305 1,242 1,075 1,036 1,032 978 819 768 752 675 535 514.9 486 426 282 242.5 236.8 145.2 198.6
Gross Profit 447 420 432 392 346 333 322 286 249 226 226 208 174 158 151 113 89 76.0 83 89 69 47.1 48.3 27.5 17.5
Operating Income 110 89 84 80 43 32 34 5 (56) (56) (59) (80) (92) (99) (85) (99) (101) (117.5) (55) (51) (5) (56.9) (38.7) (53.1) (71.5)
Net Income 126 101 105 80 56 32 56 14 (83) (36) (31) (98) (81) (100) (98) (54) (23) 0.1 (254) (135) (99) (61.0) (62.6) (53.7) (70.8)
EPS (Diluted) 0.20 0.16 0.16 0.13 0.09 0.06 0.07 0.02 -0.15 -0.07 -0.09 -0.19 -0.16 0.00 -0.19 -0.11 -0.20 0.00 -0.51 -0.27 -0.21 -0.13 -0.14 -0.12 -0.15
Balance Sheet
Cash & Equivalents 1,098 1,353 1,357 1,194 1,005 903 761 691 578 605 514 488 451 547 644 697 757 809 1,301.6 376.1
Total Assets 3,094 3,145 2,971 2,767 2,564 2,463 2,227 2,155 2,052 1,958 1,834 1,795 1,795 1,761 1,741 1,750 1,734 1,735 1,657.3 696.2
Total Debt 17 40 18 19 22 34 38 40 41 44 32 33 92 94 94 92 95 99 0.8 849.8
Stockholders' Equity 1,990 2,124 2,014 1,818 1,673 1,545 1,420 1,283 1,203 1,194 1,149 1,079 1,098 1,098 1,119 1,150 1,143 1,091 1,009.5 (615.1)
Cash Flow
Operating Cash Flow 132 194 165 223 79 147 109 124 (20) 92 48 50 (55) (19) (69) (21) (47) (32.0) (18) 56 (5) (38.0) 11.2 (48.9) (48.9)
Capital Expenditure (17) (16) (12) (15) (10) (13) (12) (16) (13) (11) (10) (11) (10) (10) (11) (9) (3) (2.7) (4) (4) (8) 7.8 (10.8) (13.3) (13.3)
Free Cash Flow 115 178 153 208 69 134 97 108 (33) 81 38 39 (65) (29) (80) (30) (50) (34.7) (22) 52 (13) (30.2) 0.4 (62.2) (62.2)