Toast, Inc. (TOST) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.63B | 1.63B | 1.63B | 1.55B | 1.34B | 1.34B | 1.3B | 1.24B | 1.07B | 1.04B | 1.03B | 978M | 819M | 768M | 752M | 675M | 535M | 514.87M | 486M | 426M |
| Revenue Growth % | 21.91% | 22.05% | 25.13% | 24.8% | 24.37% | 29.15% | 26.45% | 26.99% | 31.26% | 34.9% | 37.23% | 44.89% | 53.08% | 49.16% | 54.73% | 58.45% | - | - | - | - |
| Cost of Goods Sold | 1.18B | 1.21B | 1.2B | 1.16B | 991M | 1B | 983M | 956M | 826M | 810M | 806M | 770M | 645M | 610M | 601M | 562M | 446M | 438.9M | 403M | 337M |
| COGS % of Revenue | 72.58% | 74.1% | 73.55% | 74.71% | 74.12% | 75.11% | 75.33% | 76.97% | 76.84% | 78.19% | 78.1% | 78.73% | 78.75% | 79.43% | 79.92% | 83.26% | 83.36% | 85.24% | 82.92% | 79.11% |
| Gross Profit | 447M | 420M | 432M | 392M | 346M | 333M | 322M | 286M | 249M | 226M | 226M | 208M | 174M | 158M | 151M | 113M | 89M | 75.97M | 83M | 89M |
| Gross Margin % | 27.42% | 25.72% | 26.45% | 25.29% | 25.88% | 24.89% | 24.67% | 23.03% | 23.16% | 21.81% | 21.9% | 21.27% | 21.25% | 20.57% | 20.08% | 16.74% | 16.64% | 14.76% | 17.08% | 20.89% |
| Gross Profit Growth % | 29.19% | 26.13% | 34.16% | 37.06% | 38.96% | 47.35% | 42.48% | 37.5% | 43.1% | 43.04% | 49.67% | 84.07% | 95.51% | 107.97% | 81.93% | 26.97% | - | - | - | - |
| Operating Expenses | 337M | 331M | 348M | 312M | 303M | 301M | 288M | 281M | 305M | 282M | 285M | 288M | 266M | 257M | 236M | 212M | 190M | 193.45M | 138M | 140M |
| OpEx % of Revenue | 20.67% | 20.27% | 21.31% | 20.13% | 22.66% | 22.5% | 22.07% | 22.62% | 28.37% | 27.22% | 27.62% | 29.45% | 32.48% | 33.46% | 31.38% | 31.41% | 35.51% | 37.57% | 28.4% | 32.86% |
| Selling, General & Admin | 240M | 237M | 246M | 220M | 212M | 208M | 199M | 190M | 181M | 188M | 198M | 196M | 181M | 178M | 162M | 145M | 128M | 143.43M | 98M | 90M |
| SG&A % of Revenue | 14.72% | 14.51% | 15.06% | 14.19% | 15.86% | 15.55% | 15.25% | 15.3% | 16.84% | 18.15% | 19.19% | 20.04% | 22.1% | 23.18% | 21.54% | 21.48% | 23.93% | 27.86% | 20.16% | 21.13% |
| Research & Development | 97M | 95M | 102M | 91M | 84M | 93M | 89M | 87M | 83M | 94M | 87M | 92M | 85M | 79M | 74M | 67M | 62M | 50.02M | 40M | 50M |
| R&D % of Revenue | 5.95% | 5.82% | 6.25% | 5.87% | 6.28% | 6.95% | 6.82% | 7% | 7.72% | 9.07% | 8.43% | 9.41% | 10.38% | 10.29% | 9.84% | 9.93% | 11.59% | 9.72% | 8.23% | 11.74% |
| Other Operating Expenses | 0 | -1000K | 0 | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 110M | 89M | 84M | 80M | 43M | 32M | 34M | 5M | -56M | -56M | -59M | -80M | -92M | -99M | -85M | -99M | -101M | -117.47M | -55M | -51M |
| Operating Margin % | 6.75% | 5.45% | 5.14% | 5.16% | 3.22% | 2.39% | 2.61% | 0.4% | -5.21% | -5.41% | -5.72% | -8.18% | -11.23% | -12.89% | -11.3% | -14.67% | -18.88% | -22.82% | -11.32% | -11.97% |
| Operating Income Growth % | 155.81% | 178.13% | 147.06% | 1500% | 176.79% | 157.14% | 157.63% | 106.25% | 39.13% | 43.43% | 30.59% | 19.19% | 8.91% | 15.73% | -54.55% | -94.12% | - | - | - | - |
| EBITDA | 120M | 106M | 97M | 96M | 62M | 43M | 46M | 17M | -45M | -46M | -51M | -72M | -86M | -93M | -79M | -93M | -95M | -112.09M | -48M | -46M |
| EBITDA Margin % | 7.36% | 6.49% | 5.94% | 6.19% | 4.64% | 3.21% | 3.52% | 1.37% | -4.19% | -4.44% | -4.94% | -7.36% | -10.5% | -12.11% | -10.51% | -13.78% | -17.76% | -21.77% | -9.88% | -10.8% |
| EBITDA Growth % | 93.55% | 146.51% | 110.87% | 464.71% | 237.78% | 193.48% | 190.2% | 123.61% | 47.67% | 50.54% | 35.44% | 22.58% | 9.47% | 17.03% | -64.58% | -102.17% | - | - | - | - |
| D&A (Non-Cash Add-back) | 10M | 17M | 13M | 16M | 19M | 11M | 12M | 12M | 11M | 10M | 8M | 8M | 6M | 6M | 6M | 6M | 6M | 5.38M | 7M | 5M |
| EBIT | 110M | 89M | 104M | 81M | 50M | 32M | 34M | 9M | -15M | -56M | -59M | -80M | -92M | -99M | -85M | -99M | -101M | 367K | -55M | -133M |
| Net Interest Income | 0 | 15M | 13M | 11M | 12M | 12M | 9M | 10M | 10M | 10M | 10M | 9M | 8M | 6M | 3M | 1M | 1M | 247K | -247K | -6M |
| Interest Income | 0 | 15M | 13M | 11M | 12M | 12M | 9M | 10M | 10M | 10M | 10M | 9M | 8M | 6M | 3M | 1M | 1M | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -247K | 247K | 6M |
| Other Income/Expense | 21M | 12M | 20M | 3M | 15M | 0 | 23M | 9M | -26M | 21M | 28M | -17M | 11M | 1M | -17M | 45M | 78M | 118.25M | -199M | -88M |
| Pretax Income | 131M | 101M | 104M | 83M | 58M | 32M | 57M | 14M | -82M | -35M | -31M | -97M | -81M | -98M | -102M | -54M | -23M | 770K | -254M | -139M |
| Pretax Margin % | 8.04% | 6.18% | 6.37% | 5.35% | 4.34% | 2.39% | 4.37% | 1.13% | -7.63% | -3.38% | -3% | -9.92% | -9.89% | -12.76% | -13.56% | -8% | -4.3% | 0.15% | -52.26% | -32.63% |
| Income Tax | 5M | 0 | -1M | 3M | 2M | 0 | 1M | 0 | 1M | 1M | 0 | 1M | 0 | 2M | -4M | 0 | 0 | 623K | 0 | -4M |
| Effective Tax Rate % | 3.82% | 0% | -0.96% | 3.61% | 3.45% | 0% | 1.75% | 0% | -1.22% | -2.86% | 0% | -1.03% | 0% | -2.04% | 3.92% | 0% | 0% | 80.91% | 0% | 2.88% |
| Net Income | 126M | 101M | 105M | 80M | 56M | 32M | 56M | 14M | -83M | -36M | -31M | -98M | -81M | -100M | -98M | -54M | -23M | 147K | -254M | -135M |
| Net Margin % | 7.73% | 6.18% | 6.43% | 5.16% | 4.19% | 2.39% | 4.29% | 1.13% | -7.72% | -3.47% | -3% | -10.02% | -9.89% | -13.02% | -13.03% | -8% | -4.3% | 0.03% | -52.26% | -31.69% |
| Net Income Growth % | 125% | 215.63% | 87.5% | 471.43% | 167.47% | 188.89% | 280.65% | 114.29% | -2.47% | 64% | 68.37% | -81.48% | -252.17% | -68127.21% | 61.42% | 60% | - | - | - | - |
| Net Income (Continuing) | 126M | 101M | 105M | 80M | 56M | 32M | 56M | 14M | -83M | -36M | -31M | -98M | -81M | -100M | -98M | -54M | -23M | 147K | -254M | -135M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.20 | 0.16 | 0.16 | 0.13 | 0.09 | 0.06 | 0.07 | 0.02 | -0.15 | -0.07 | -0.09 | -0.19 | -0.16 | 0.00 | -0.19 | -0.11 | -0.20 | 0.00 | -0.51 | -0.27 |
| EPS Growth % | 127.53% | 190.91% | 135.99% | 446.22% | 158.6% | 176.28% | 174.18% | 112.53% | 6.25% | - | 51.89% | -72.73% | 20% | - | 62.75% | 59.26% | - | - | - | - |
| EPS (Basic) | 0.21 | 0.17 | 0.18 | 0.14 | 0.10 | 0.06 | 0.09 | 0.03 | -0.15 | -0.07 | -0.09 | -0.19 | -0.16 | 0.00 | -0.19 | -0.11 | -0.20 | 0.00 | -0.51 | -0.27 |
| Diluted Shares Outstanding | 602M | 607M | 609M | 605M | 603M | 600M | 590M | 587M | 547M | 541M | 536M | 529M | 525M | 518.54M | 513.72M | 509.53M | 507.04M | 505.88M | 502.61M | 499.33M |
| Basic Shares Outstanding | 587M | 588M | 585M | 580M | 575M | 569M | 563M | 556M | 547M | 541M | 535M | 529M | 524M | 518.54M | 513.72M | 509.53M | 505.38M | 500.77M | 500.05M | 499.33M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |