TOST Stock - Toast, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $4.96B | $3.87B | $2.73B | $1.71B | $823.00M |
| Gross Profit | $1.19B | $834.00M | $511.00M | $314.00M | $140.00M |
| Gross Margin | 24.0% | 21.6% | 18.7% | 18.4% | 17.0% |
| Operating Income | $16.00M | $-287,000,000 | $-384,000,000 | $-228,000,000 | $-220,000,000 |
| Net Income | $19.00M | $-246,000,000 | $-275,000,000 | $-487,000,000 | $-248,000,000 |
| Net Margin | 0.4% | -6.4% | -10.1% | -28.6% | -30.1% |
| EPS | $0.03 | $-0.47 | $-0.72 | $-0.97 | $-0.54 |
Toast, Inc. operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader. It also provides kitchen display system software that connects the front of the house with the kitchen staff; multi-location management software, which allows customers to manage and standardize their operations and configure menus; xtraCHEF that provides back-office tools; and Toast Flex for Kitchen, a larger format mountable piece of hardware that can be used as a kitchen screen. In addition, the company offers Toast Online Ordering & Toast TakeOut app, a software-based platform that provides restaurants to take off-premises orders directly through their branded website; First-Party Delivery services for restaurants to manage a fleet of drivers, and customize delivery hours, zones, fees, and minimum ticket sizes; Toast Delivery Services, which enables restaurants to utilize a partner network of delivery drivers; and Toast Delivery Partners services. Further, it provides loyalty programs and gift cards; payroll and team management products; business owner policy insurance and restaurant-specific add-ons; payment processing solutions; loans advanced to restaurants; purchase financing; reporting and analytics solutions; Toast Partner Connect that allows customers to discover, select, and connect their restaurant to its partners; and bi-directional APIs. The company was incorporated in 2011 and is headquartered in Boston, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 4th 2025 | JP Morgan | Upgrade | Overweight | $43 |
| December 1st 2025 | BNP Paribas Exane | Upgrade | Outperform | $40 |
| October 23rd 2025 | Citigroup | Initiation | Buy | $51 |
| October 22nd 2025 | Wells Fargo | Initiation | Overweight | $47 |
| July 22nd 2025 | Truist | Reiterated | Buy | $50← $48 |
| July 17th 2025 | Deutsche Bank | Resumed | Buy | $54 |
| June 2nd 2025 | Truist | Initiation | Buy | $48 |
| April 23rd 2025 | Wolfe Research | Upgrade | Outperform | $44 |
| April 10th 2025 | Wells Fargo | Upgrade | Overweight | $39 |
| January 24th 2025 | Oppenheimer | Initiation | Outperform | $46 |
| January 6th 2025 | BMO Capital Markets | Initiation | Outperform | $45 |
| December 5th 2024 | DA Davidson | Downgrade | Neutral | $38← $44 |
| December 2nd 2024 | Goldman | Downgrade | Neutral | $45 |
| November 20th 2024 | Compass Point | Initiation | Buy | $49 |
| November 20th 2024 | Exane BNP Paribas | Downgrade | Neutral | $37 |
Earnings History & Surprises
TOSTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 18, 2026 | $0.24 | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.24 | $0.25 | +4.4% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $0.23 | $0.24 | +6.6% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.18 | $0.20 | +11.3% | ✓ BEAT |
Q1 2025 | Feb 19, 2025 | $0.17 | $0.05 | -70.4% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $0.01 | $0.07 | +366.7% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $0.01 | $0.02 | +207.7% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $-0.14 | $-0.15 | -8.8% | ✗ MISS |
Q1 2024 | Feb 15, 2024 | $-0.11 | $-0.07 | +36.4% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $-0.11 | $-0.09 | +18.2% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $-0.14 | $-0.19 | -35.7% | ✗ MISS |
Q2 2023 | May 9, 2023 | $-0.18 | $-0.16 | +11.1% | ✓ BEAT |
Q1 2023 | Feb 16, 2023 | $-0.18 | $-0.19 | -5.6% | ✗ MISS |
Q4 2022 | Nov 10, 2022 | $-0.22 | $-0.19 | +13.6% | ✓ BEAT |
Q3 2022 | Aug 11, 2022 | $-0.24 | $-0.11 | +54.2% | ✓ BEAT |
Q2 2022 | May 12, 2022 | $-0.24 | $-0.20 | +16.7% | ✓ BEAT |
Q1 2022 | Feb 15, 2022 | $-0.19 | $-0.46 | -142.1% | ✗ MISS |
Q4 2021 | Nov 9, 2021 | $-0.25 | $-0.22 | +12.0% | ✓ BEAT |
Q3 2021 | Sep 22, 2021 | — | $-0.21 | — | — |
Latest News
CNBC Halftime Report Final Trades: International Business Machines, Toast, Inc., TopBuild, Applovin
➖ NeutralLive On CNBC, Josh Brown Announces Bought Toast, Inc.
📈 PositiveTOST stock has given up its prior gain. Toast shares were trading higher after JP Morgan upgraded the stock from Neutral to Overweight.
📉 NegativeToast shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight.
📈 PositiveJP Morgan Upgrades Toast to Overweight, Maintains Price Target to $43
📈 PositiveValueact Holdings Takes New Stake In Toast Inc With 3,397,200 Shares.
📈 PositiveTruist Securities Maintains Buy on Toast, Lowers Price Target to $43
➖ NeutralUBS Maintains Buy on Toast, Lowers Price Target to $50
➖ NeutralJP Morgan Maintains Neutral on Toast, Lowers Price Target to $43
➖ NeutralToast shares are trading higher after the company reported better-than-expected Q3 financial results. Also, Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $54 to $56.
📈 PositiveMorgan Stanley Maintains Overweight on Toast, Raises Price Target to $56
📈 PositiveToast shares are trading higher after the company reported better-than-expected Q3 financial results.
📈 PositiveToast GAAP EPS of $0.16 beats by $0.03, revenue of $1.63B beats by $40M
📈 PositiveToast Q3 EPS $0.16 Beats $0.15 Estimate, Sales $1.633B Beat $1.583B Estimate
📈 PositiveWells Fargo Initiates Coverage On Toast with Overweight Rating, Announces Price Target of $47
📈 PositiveCNBC Halftime Report Final Trades: Goldman Sachs Group, Microsoft, Toast Inc., Charles Schwab
➖ NeutralGoldman Sachs Maintains Neutral on Toast, Lowers Price Target to $41
➖ NeutralBaird Maintains Neutral on Toast, Lowers Price Target to $36
➖ NeutralKeefe, Bruyette & Woods Maintains Market Perform on Toast, Lowers Price Target to $42
➖ NeutralCNBC Halftime Report Final Trades: Toast Inc.; KeyCorp, Global X Cybersecurity ETF, Marriott International
➖ NeutralFrequently Asked Questions about TOST
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