Toast, Inc. logo

Toast, Inc.

TOST

NYSETechnologySoftware - Infrastructure

Previous close

$36.64

+$1.32 · +3.74%

Aug 21, 4:00 PM ET

TOST company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

88

Deep Value

Momentum

42

Neutral

Sentiment

74

Bullish

Risk resilience

39

High Risk

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Company profile

Company website

Toast, Inc. delivers a comprehensive cloud-based digital technology platform tailored specifically for the restaurant sector, serving businesses across the United States and Ireland. Its extensive product suite features an array of hardware solutions, including the foundational Toast Point of Sale (POS) system. Toast Flex offers versatile functionality, adaptable as an on-counter order and payment terminal, a server workstation, a guest kiosk, a kitchen display system, or an order fulfillment hub. For enhanced tableside service and expedited table turnover, the company provides Toast Go, a handheld POS device facilitating ordering and payment acceptance directly at the table, alongside Toast Tap, a compact card reader. Beyond hardware, Toast supplies robust software solutions. Toast Order & Pay empowers guests to place orders and settle bills conveniently from their mobile devices. The platform integrates specialized kitchen display system software, streamlining communication between front-of-house staff and the kitchen team. For larger operations, multi-location management software enables customers to centralize operational control, standardize procedures, and efficiently configure menus. Back-office administrative tasks are supported by xtraCHEF tools. Furthermore, Toast Flex for Kitchen provides a larger, mountable hardware solution designed specifically as a kitchen screen. Regarding customer engagement and logistics, Toast offers the Toast Online Ordering & Toast TakeOut app, a software platform enabling restaurants to accept off-premises orders directly through their branded websites. For delivery, they provide First-Party Delivery services, allowing restaurants to manage their own driver fleets and customize delivery parameters such as hours, zones, fees, and minimum order values. Additionally, Toast Delivery Services connects restaurants with a network of third-party delivery drivers, complemented by broader Toast Delivery Partners services. The company's offerings extend to comprehensive business support services. These encompass loyalty programs and gift card management, payroll and team administration tools, tailored business owner policy insurance with restaurant-specific enhancements, and efficient payment processing solutions. Toast also facilitates financial support through loans advanced to restaurants and purchase financing options. Detailed reporting and analytics solutions provide valuable insights. For broader integration, Toast Partner Connect allows users to discover, select, and seamlessly integrate with various third-party partners via bi-directional APIs. Established in 2011, Toast, Inc. maintains its headquarters in Boston, Massachusetts.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
US
CEO
Aman Narang
Listed since
Sep 22, 2021
Employees
6,500

Market position

Day range

Current $36.64

52-week range

Current $36.64

Open
$35.48
Previous close
$35.32
Volume
7.88M
0.68× average
Average volume
11.66M
Average daily volume
Market cap
21.25B USD
Beta
1.73
Market reference 1
50-day average
$30.336
+20.78% above average
200-day average
$30.2108
+21.28% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
19.35B USD
P/E (TTM)
44.14×
P/B (TTM)
10.36×
P/S (TTM)
3.12×
EV / EBITDA
46.86×
Earnings yield
1.65%
Free cash flow yield
2.94%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
26.68%
Operating margin
6.39%
Net margin
7.14%
Return on equity
16.10%
Return on assets
10.87%
Return on invested capital
13.85%

Financial health

Debt / equity
Current ratio
2.75×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%9%-12%-34%Gross margin, FY2021: 18.42%Gross margin, FY2022: 18.71%Gross margin, FY2023: 21.58%Gross margin, FY2024: 23.99%Gross margin, FY2025: 25.76%Operating margin, FY2021: -13.37%Operating margin, FY2022: -14.06%Operating margin, FY2023: -7.43%Operating margin, FY2024: 0.32%Operating margin, FY2025: 4.96%Net margin, FY2021: -28.56%Net margin, FY2022: -10.07%Net margin, FY2023: -6.36%Net margin, FY2024: 0.38%Net margin, FY2025: 5.56%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.42%. Gross margin FY2022 18.71%. Gross margin FY2023 21.58%. Gross margin FY2024 23.99%. Gross margin FY2025 25.76%. Operating margin FY2021 -13.37%. Operating margin FY2022 -14.06%. Operating margin FY2023 -7.43%. Operating margin FY2024 0.32%. Operating margin FY2025 4.96%. Net margin FY2021 -28.56%. Net margin FY2022 -10.07%. Net margin FY2023 -6.36%. Net margin FY2024 0.38%. Net margin FY2025 5.56%.

Income trends

Revenue

6.15B USD+24.05%

Operating income

305M USD+1806.25%

Net income

342M USD+1700.00%
Income trends across reported periods6.82B USD4.16B USD1.51B USD−1.15B USDRevenue, FY2021: 1.71B USDRevenue, FY2022: 2.73B USDRevenue, FY2023: 3.87B USDRevenue, FY2024: 4.96B USDRevenue, FY2025: 6.15B USDOperating income, FY2021: −228M USDOperating income, FY2022: −384M USDOperating income, FY2023: −287M USDOperating income, FY2024: 16M USDOperating income, FY2025: 305M USDNet income, FY2021: −487M USDNet income, FY2022: −275M USDNet income, FY2023: −246M USDNet income, FY2024: 19M USDNet income, FY2025: 342M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.71B USD. Revenue FY2022 2.73B USD. Revenue FY2023 3.87B USD. Revenue FY2024 4.96B USD. Revenue FY2025 6.15B USD. Operating income FY2021 −228M USD. Operating income FY2022 −384M USD. Operating income FY2023 −287M USD. Operating income FY2024 16M USD. Operating income FY2025 305M USD. Net income FY2021 −487M USD. Net income FY2022 −275M USD. Net income FY2023 −246M USD. Net income FY2024 19M USD. Net income FY2025 342M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6.15B USD4.96B USD3.87B USD2.73B USD1.71B USD
Cost of goods sold4.56B USD3.77B USD3.03B USD2.22B USD1.39B USD
Gross profit1.59B USD1.19B USD834M USD511M USD314M USD
Research and development371M USD351M USD358M USD282M USD163M USD
Selling, general, and administrative915M USD777M USD763M USD613M USD379M USD
Operating expenses1.28B USD1.17B USD1.12B USD895M USD542M USD
Interest income51M USD42M USD37M USD11M USD
Interest expense12M USD
Depreciation and amortization67M USD46M USD32M USD24M USD21M USD
Operating income305M USD16M USD−287M USD−384M USD−228M USD
Net income342M USD19M USD−246M USD−275M USD−487M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 2 misses, 1 met estimate
Average EPS surprise
+46.31%
11 comparable reports
Latest EPS result
0.34
Estimate 0.32 · Beat by 5.52%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.410.290.170.04Q1 '25MetQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 0.05, estimate 0.05, surprise 0.00%, Met estimate. Q2 2025, reported May 8, 2025: actual 0.2, estimate 0.18, surprise +11.30%, Beat. Q3 2025, reported Aug 5, 2025: actual 0.24, estimate 0.225, surprise +6.62%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.25, estimate 0.24, surprise +4.38%, Beat. Q1 2026, reported Feb 12, 2026: actual 0.23, estimate 0.239, surprise -3.85%, Miss. Q2 2026, reported May 7, 2026: actual 0.29, estimate 0.273, surprise +6.23%, Beat. Q3 2026, reported Aug 4, 2026: actual 0.34, estimate 0.322, surprise +5.52%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.37, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.05B1.78B1.51B1.23BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 1.34B USD, estimate 1.31B USD, surprise +1.84%, Beat. Q2 2025, reported May 8, 2025: actual 1.34B USD, estimate 1.34B USD, surprise -0.51%, Miss. Q3 2025, reported Aug 5, 2025: actual 1.55B USD, estimate 1.52B USD, surprise +1.64%, Beat. Q4 2025, reported Nov 4, 2025: actual 1.63B USD, estimate 1.59B USD, surprise +2.92%, Beat. Q1 2026, reported Feb 12, 2026: actual 1.63B USD, estimate 1.62B USD, surprise +0.90%, Beat. Q2 2026, reported May 7, 2026: actual 1.63B USD, estimate 1.63B USD, surprise -0.15%, Miss. Q3 2026, reported Aug 4, 2026: actual 1.91B USD, estimate 1.87B USD, surprise +1.87%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 1.97B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

33 ratings
Strong buy00%
Buy2164%
Hold1236%
Sell00%
Strong sell00%

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