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MARKETS / NYSE / TOST
NYSE · SERVICES-COMPUTER PROCESSING & DATA PREPARATION · LARGE CAP

Toast, Inc. TOST

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$6.2B
▲ 24.1% YoY
$342.0M
▲ 1700.0% YoY
$608.0M
▲ 98.7% YoY
In brief

What this company does

Toast, Inc. is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community, providing a platform of software-as-a-service products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and a broad ecosystem of third-party partners. It serves as the restaurant operating system, connecting front of house and back of house operations across service models including dine-in, takeout, delivery, catering, and retail. As of December 31, 2025, it had approximately 6,500 employees worldwide. Toast has curated a portfolio of over 200 technology partners that utilize Toast APIs to deliver a broad range of specialized solutions. The company estimates that U.S. restaurant locations on its platform account for approximately 20% of the U.S. restaurant market. Its platform's solutions span point-of-sale, digital ordering and delivery, labor and workforce management, inventory and supply chain tools, marketing and loyalty, financial management, and related services. It was incorporated under the laws of Delaware in December 2011 under the name Opti Systems, Inc., and changed its name to Toast, Inc. in May 2012.

Written from the business description in Toast, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth
USD 6.2B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 6.2 · Net income 0.3
2.5B5.0B2019202020212022202320242025
Compound annual growth
+31.1%
+49.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +49.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.7% · Net 5.6%
2%4%-10%-20%-30%2019202020212022202320242025
ROE
FY2025 · ROE 18.6%
5%10%15%-50%-100%-150%2019202020212022202320242025

Each USD of equity produced 19 cents of profit this year.

Cash & shareholders
USD 26.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 608.0
250.0M500.0M-80.0M-160.0M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 26.0
10M20M-20M-40M2022202320242025

USD 26.0M in buybacks — 8% of the year's profit went back to shareholders.

Total assetsUSD 3.1B
EquityUSD 2.1B
CashUSD 1.4B
Current ratio2.75×

Equity funds 68% of total assets.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B6.25.03.92.71.70.80.7
Operating income $B0.30.0−0.3−0.4−0.2−0.2−0.2
EBITDA $B0.40.1−0.3−0.4−0.2−0.2−0.2
Income tax $B0.00.00.0−0.0−0.00.0−0.0
Net income $B0.30.0−0.2−0.3−0.5−0.2−0.2
Free cash flow $B0.60.30.1−0.2−0.0−0.2−0.1
EPS, diluted $0.560.03−0.47−0.72−1.68−1.25−1.08
Dividend / sh $·······
Payout %·······
ROE %18.61.4−21.5−25.1−157.1··
Shares out B····0.000.22·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Processing & Data Preparation
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2019

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