Toast, Inc. (TOST) income statement
NYSE · Technology · Software - Infrastructure · 6,500 employees · CEO Aman Narang
- Price
- $31.68 +0.57%
- Market cap
- $16.3B
- Enterprise value
- $15.3B
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-11-03 EPS est. $0.36
Toast, Inc. (TOST) reported revenue of $1.91B for Q2 '26 (+23.1% year on year), operating income of $152M (8.0% of revenue) and net income of $154M. Over the last four quarters revenue was $6.8B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.03B | $1.04B | $1.08B | $1.24B | $1.31B | $1.34B | $1.34B | $1.55B | $1.63B | $1.63B | $1.63B | $1.91B | |
| Cost of revenue | $806M | $810M | $826M | $956M | $983M | $1.01B | $991M | $1.16B | $1.2B | $1.21B | $1.18B | $1.39B | |
| Gross profit | $226M | $226M | $249M | $286M | $322M | $333M | $346M | $392M | $432M | $420M | $447M | $516M | |
| Research & development | $87M | $94M | $83M | $87M | $89M | $93M | $84M | $91M | $102M | $95M | $97M | $109M | |
| Sales & marketing | $100M | $102M | $107M | $115M | $119M | $130M | $133M | $141M | $144M | $153M | $156M | $166M | |
| General & administrative | $98M | $86M | $74M | $75M | $80M | $78M | $79M | $79M | $102M | $84M | $84M | $89M | |
| Other operating expenses | $0 | $0 | $41M | $4M | $0 | $0 | $7M | $1M | $0 | -$1M | $0 | $0 | |
| Operating expenses | $285M | $282M | $305M | $281M | $288M | $301M | $303M | $312M | $348M | $331M | $337M | $364M | |
| Operating income | -$59M | -$56M | -$56M | $5M | $34M | $32M | $43M | $80M | $84M | $89M | $110M | $152M | |
| Interest income | $10M | $10M | $10M | $10M | $9M | $12M | $12M | $11M | $13M | $15M | $13M | $11M | |
| Other non-operating income (gains on investments, FX ...) | -$28M | -$21M | -$41M | -$4M | -$23M | -$5M | -$7M | -$1M | -$20M | -$12M | -$21M | -$10M | |
| Total non-operating income | $28M | $21M | -$26M | $9M | $23M | $0 | $15M | $3M | $20M | $12M | $21M | $10M | |
| Income before tax | -$31M | -$35M | -$82M | $14M | $57M | $32M | $58M | $83M | $104M | $101M | $131M | $162M | |
| Income tax | $0 | $1M | $1M | $0 | $1M | $0 | $2M | $3M | -$1M | $0 | $5M | -$8M | |
| Net income | -$31M | -$36M | -$83M | $14M | $56M | $32M | $56M | $80M | $105M | $101M | $126M | $154M | |
| EPS (basic) | -$0.09 | -$0.07 | -$0.15 | $0.03 | $0.09 | $0.06 | $0.10 | $0.14 | $0.18 | $0.17 | $0.21 | $0.27 | |
| EPS (diluted) | -$0.09 | -$0.07 | -$0.15 | $0.02 | $0.07 | $0.06 | $0.09 | $0.13 | $0.16 | $0.16 | $0.20 | $0.26 | |
| Shares (basic, weighted) | 535M | 541M | 547M | 556M | 563M | 569M | 575M | 580M | 585M | 588M | 587M | 578M | |
| Shares (diluted, weighted) | 536M | 541M | 547M | 587M | 590M | 600M | 603M | 605M | 609M | 607M | 602M | 590M | |
| Depreciation & amortization | $8M | $10M | $11M | $12M | $12M | $11M | $19M | $16M | $13M | $17M | $10M | $12M | |
| EBITDA | -$23M | -$25M | -$4M | $21M | $69M | $48M | $69M | $97M | $117M | $118M | $141M | $174M |
| Income statement | Trend | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $665M | $823M | $1.71B | $2.73B | $3.87B | $4.96B | $6.15B | |
| Cost of revenue | $603M | $683M | $1.39B | $2.22B | $3.03B | $3.77B | $4.56B | |
| Gross profit | $62M | $140M | $314M | $511M | $834M | $1.19B | $1.59B | |
| Research & development | $64M | $109M | $163M | $282M | $358M | $351M | $371M | |
| Sales & marketing | $128M | $138M | $190M | $319M | $401M | $470M | $571M | |
| General & administrative | $83M | $113M | $189M | $294M | $362M | $307M | $344M | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $46M | -$6M | |
| Operating expenses | $275M | $360M | $542M | $895M | $1.12B | $1.17B | $1.28B | |
| Operating income | -$213M | -$220M | -$228M | -$384M | -$287M | $16M | $305M | |
| Interest income | $2M | $842K | $0 | $11M | $37M | $42M | $51M | |
| Interest expense | $0 | $12.7M | $12M | $0 | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$1M | $16M | $250M | -$107M | -$43M | -$46M | -$41M | |
| Total non-operating income | $1M | -$28M | -$262M | $107M | $43M | $6M | $41M | |
| Income before tax | -$212M | -$248M | -$490M | -$277M | -$244M | $22M | $346M | |
| Income tax | -$3M | $0 | -$3M | -$2M | $2M | $3M | $4M | |
| Net income | -$209M | -$248M | -$487M | -$275M | -$246M | $19M | $342M | |
| EPS (basic) | -$0.45 | -$0.54 | -$0.97 | -$0.72 | -$0.47 | $0.03 | $0.59 | |
| EPS (diluted) | -$0.45 | -$0.54 | -$0.97 | -$0.72 | -$0.47 | $0.03 | $0.56 | |
| Shares (basic, weighted) | 461M | 461M | 500M | 512M | 532M | 559M | 582M | |
| Shares (diluted, weighted) | 461M | 461M | 503M | 512M | 533M | 591M | 607M | |
| Depreciation & amortization | $7M | $27M | $21M | $24M | $32M | $46M | $67M | |
| EBITDA | -$205M | -$209M | -$457M | -$253M | -$212M | $108M | $413M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02