Toast, Inc. (TOST) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	6.8B	6.2B	5.0B	3.9B	2.7B
Cost of Revenue	5.0B	4.6B	3.8B	3.0B	2.2B
Gross Profit	1.8B	1.6B	1.2B	834.0M	511.0M
Operating Expenses
R&D Expense	403.0M	371.0M	351.0M	358.0M	282.0M
SG&A Expense	978.0M	915.0M	777.0M	763.0M	613.0M
General & Admin Expense	359.0M	344.0M	307.0M	362.0M	294.0M
Selling & Marketing Expense	619.0M	571.0M	470.0M	401.0M	319.0M
Other Expenses	(1.0M)	(6.0M)	46.0M	—	—
Total Operating Expenses	1.4B	1.3B	1.2B	1.1B	895.0M
Cost and Expenses	6.4B	5.8B	4.9B	4.2B	3.1B
Operating Income (EBIT)	435.0M	305.0M	16.0M	(287.0M)	(384.0M)
Non-Operating
Interest Income	52.0M	51.0M	42.0M	37.0M	11.0M
Interest Expense	—	—	—	—	—
Net Interest Income	52.0M	51.0M	42.0M	37.0M	11.0M
Other Non-Op Income/Expense	63.0M	41.0M	6.0M	43.0M	107.0M
Non-Operating Income (excl Interest)	(63.0M)	(41.0M)	(46.0M)	(43.0M)	(107.0M)
EBT (Pre-Tax Income)	498.0M	346.0M	22.0M	(244.0M)	(277.0M)
Income Tax Expense	(4.0M)	4.0M	3.0M	2.0M	(2.0M)
Bottom Line
Net Income	486.0M	342.0M	19.0M	(246.0M)	(275.0M)
Earnings from Cont. Ops	502.0M	342.0M	19.0M	(246.0M)	(275.0M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	471.0M	342.0M	19.0M	(249.0M)	(370.0M)
Per Share
Basic EPS	$0.83	$0.59	$0.03	($0.47)	($0.72)
Diluted EPS	$0.78	$0.56	$0.03	($0.47)	($0.72)
Revenue Per Share	$11.77	$10.57	$8.87	$7.27	$5.34
Shares
Basic Shares Outstanding	578.0M	582.0M	559.0M	532.0M	511.8M
Diluted Shares Outstanding	590.0M	607.0M	591.0M	533.0M	512.2M
Profitability Metrics
EBITDA	538.0M	413.0M	108.0M	(212.0M)	(253.0M)
D&A	40.0M	67.0M	46.0M	32.0M	24.0M
EBIT	498.0M	346.0M	62.0M	(244.0M)	(277.0M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026