Toast Financial Statements
NYSE: TOSTTechnologyEDP ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Toast revenue and earnings
In fiscal 2025, Toast generated $6.15 billion in revenue, up 24.1% from fiscal 2024, its 6th consecutive year of revenue growth. Net income was $342.0 million (+1700.0% year over year), for a net margin of 5.6% versus a median of -10.1% in the prior 5 years. Gross margin was 25.9% (up from 24.0%) and operating margin 4.7%.
Diluted earnings per share came in at $0.56, up from $0.03. Over the last 5 fiscal years, TOST's revenue has grown at a 49.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Toast income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 |
|---|---|---|---|---|---|---|---|
| Revenue | 6.15B | 4.96B | 3.87B | 2.73B | 1.71B | 823.00M | 665.00M |
| Revenue growth (YoY) | +24.05% | +28.33% | +41.52% | +60.18% | +107.17% | +23.76% | — |
| Cost of Revenue | 4.56B | 3.77B | 3.03B | 2.22B | 1.39B | 683.00M | 603.00M |
| Gross Profit | 1.59B | 1.19B | 834.00M | 511.00M | 314.00M | 140.00M | 62.00M |
| Operating Expenses | 1.30B | 1.17B | 1.12B | 895.00M | 542.00M | 360.00M | 275.00M |
| Research & Development | 374.00M | 351.00M | 358.00M | 282.00M | 163.00M | 109.00M | 64.00M |
| Selling, General & Admin | 915.00M | 777.00M | 763.00M | 613.00M | 379.00M | 251.00M | 211.00M |
| Operating Income | 292.00M | 16.00M | -287.00M | -384.00M | -228.00M | -220.00M | -213.00M |
| Interest Expense | — | — | — | — | 12.00M | 13.00M | 0 |
| Other Income (Expense) | 0 | 13.00M | 3.00M | 1.00M | 0 | -1.00M | 0 |
| Pretax Income | 346.00M | 22.00M | -244.00M | -277.00M | -490.00M | -248.00M | -212.00M |
| Income Tax | 4.00M | 3.00M | 2.00M | -2.00M | -3.00M | 0 | -3.00M |
| Net Income | 342.00M | 19.00M | -246.00M | -275.00M | -487.00M | -248.00M | -209.00M |
| Net Income growth (YoY) | +1700.00% | — | — | — | — | — | — |
| EPS (Basic) | 0.59 | 0.03 | -0.46 | -0.54 | -1.68 | -1.25 | -1.08 |
| EPS (Diluted) | 0.56 | 0.03 | -0.47 | -0.72 | -1.68 | -1.25 | -1.08 |
| Shares Outstanding (Basic) | 582.00M | 559.00M | 532.00M | 512.00M | 290.00M | 199.98M | 194.82M |
| Shares Outstanding (Diluted) | 607.00M | 591.00M | 533.00M | 512.00M | 290.00M | 199.98M | 194.82M |
| EBITDA | 356.00M | 62.00M | -255.00M | -360.00M | -207.00M | -193.00M | -206.00M |
| Gross Margin | 25.89% | 23.99% | 21.58% | 18.71% | 18.42% | 17.01% | 9.32% |
| Operating Margin | 4.75% | 32.00% | -7.43% | -14.06% | -13.37% | -26.73% | -32.03% |
| Net Margin | 5.56% | 38.00% | -6.36% | -10.07% | -28.56% | -30.13% | -31.43% |
This table shows 7 annual periods of Toast's income statement, from FY 2025 back to FY 2019, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow TOST's reporting calendar. What is a income statement?