# Toast, Inc.: overview

TOST · NYSE · CIK 1650164 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/tost.md) · [Financials](/companies/tost/financials.md) · [Filings](/companies/tost/filings.md) · [Insiders](/companies/tost/insiders.md)

Latest reported revenue: [$1.91bn](/filings/0001650164-26-000164.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001650164-26-000164).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,305](/filings/0001650164-25-000341.md) | [1,338 d](/filings/0001650164-26-000057.md) | [1,337](/filings/0001650164-26-000114.md) | [1,550](/filings/0001650164-26-000164.md) | [1,633](/filings/0001650164-25-000341.md) | [1,633 d](/filings/0001650164-26-000057.md) | [1,630](/filings/0001650164-26-000114.md) | [1,908](/filings/0001650164-26-000164.md) |
| Gross margin | % | [24.7%](/filings/0001650164-25-000341.md) | [24.9% d](/filings/0001650164-26-000057.md) | [25.9%](/filings/0001650164-26-000114.md) | [25.3%](/filings/0001650164-26-000164.md) | [26.5%](/filings/0001650164-25-000341.md) | [25.9% d](/filings/0001650164-26-000057.md) | [27.4%](/filings/0001650164-26-000114.md) | [27.0%](/filings/0001650164-26-000164.md) |
| Operating margin | % | [2.6%](/filings/0001650164-25-000341.md) | [2.4% d](/filings/0001650164-26-000057.md) | [3.2%](/filings/0001650164-26-000114.md) | [5.2%](/filings/0001650164-26-000164.md) | [5.1%](/filings/0001650164-25-000341.md) | [5.2% d](/filings/0001650164-26-000057.md) | [6.7%](/filings/0001650164-26-000114.md) | [8.0%](/filings/0001650164-26-000164.md) |
| Net margin | % | [4.3%](/filings/0001650164-25-000341.md) | [2.4% d](/filings/0001650164-26-000057.md) | [4.2%](/filings/0001650164-26-000114.md) | [5.2%](/filings/0001650164-26-000164.md) | [6.4%](/filings/0001650164-25-000341.md) | [6.2% d](/filings/0001650164-26-000057.md) | [7.7%](/filings/0001650164-26-000114.md) | [8.1%](/filings/0001650164-26-000164.md) |
| Diluted EPS | $ per share | [0.07](/filings/0001650164-25-000341.md) | not reported | [0.09](/filings/0001650164-26-000114.md) | [0.13](/filings/0001650164-26-000164.md) | [0.16](/filings/0001650164-25-000341.md) | not reported | [0.20](/filings/0001650164-26-000114.md) | [0.26](/filings/0001650164-26-000164.md) |
| Free cash flow | $m | [97.0 d](/filings/0001650164-25-000341.md) | [134 d](/filings/0001650164-26-000057.md) | [69.0](/filings/0001650164-26-000114.md) | [208 d](/filings/0001650164-26-000164.md) | [153 d](/filings/0001650164-25-000341.md) | [178 d](/filings/0001650164-26-000057.md) | [115](/filings/0001650164-26-000114.md) | [130 d](/filings/0001650164-26-000164.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,705](/filings/0001650164-24-000084.md) | [2,731](/filings/0001650164-25-000072.md) | [3,865](/filings/0001650164-26-000057.md) | [4,960](/filings/0001650164-26-000057.md) | [6,153](/filings/0001650164-26-000057.md) |
| Gross margin | % | [18.4%](/filings/0001650164-24-000084.md) | [18.7%](/filings/0001650164-25-000072.md) | [21.6%](/filings/0001650164-26-000057.md) | [24.0%](/filings/0001650164-26-000057.md) | [25.9%](/filings/0001650164-26-000057.md) |
| Operating margin | % | [(13.4%)](/filings/0001650164-24-000084.md) | [(14.1%)](/filings/0001650164-25-000072.md) | [(7.4%)](/filings/0001650164-26-000057.md) | [0.3%](/filings/0001650164-26-000057.md) | [4.7%](/filings/0001650164-26-000057.md) |
| Net margin | % | [(28.6%)](/filings/0001650164-24-000084.md) | [(10.1%)](/filings/0001650164-25-000072.md) | [(6.4%)](/filings/0001650164-26-000057.md) | [0.4%](/filings/0001650164-26-000057.md) | [5.6%](/filings/0001650164-26-000057.md) |
| Diluted EPS | $ per share | [(1.68)](/filings/0001650164-24-000084.md) | [(0.72)](/filings/0001650164-25-000072.md) | [(0.47)](/filings/0001650164-26-000057.md) | [0.03](/filings/0001650164-26-000057.md) | [0.56](/filings/0001650164-26-000057.md) |
| Free cash flow | $m | [(10.0)](/filings/0001650164-24-000084.md) | [(172)](/filings/0001650164-25-000072.md) | [93.0](/filings/0001650164-26-000057.md) | [306](/filings/0001650164-26-000057.md) | [608](/filings/0001650164-26-000057.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/tost/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.36bn | 48,745,880 |  | Added +21,581,067 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $932.8m | 33,528,155 |  | Added +1,796,951 |
| [Capital International Investors](/funds/1562230.md) | 2026-06-30 | $744.0m | 26,744,340 |  | Reduced −3,858,933 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $614.4m | 22,085,011 |  | Added +1,826,454 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $609.4m | 21,905,520 |  | Reduced −157,576 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $475.0m | 16,843,519 |  | Added +59,620 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $469.8m | 16,888,718 |  | Added +6,741,485 |
| [PRINCIPAL FINANCIAL GROUP INC](/funds/1126328.md) | 2026-06-30 | $421.9m | 15,164,024 |  | Added +7,186,780 |
| [ValueAct Holdings, L.P.](/funds/1418814.md) | 2026-06-30 | $393.2m | 14,134,038 |  | Added +1,238,600 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $316.9m | 11,392,209 |  | Reduced −266,929 |

## Recent filings

[All 1,124 filings](/companies/tost/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-01 | 07:48 ET | [8-K](/filings/0001650164-26-000191.md) | 5.02 Departure or appointment of officers or directors | 0001650164-26-000191 |
| 2026-08-05 | 18:09 ET | [10-Q](/filings/0001650164-26-000164.md) | Quarterly report, period 2026-06-30 | 0001650164-26-000164 |
| 2026-08-04 | 16:12 ET | [8-K](/filings/0001650164-26-000162.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001650164-26-000162 |
| 2026-06-15 | 16:36 ET | [8-K](/filings/0001650164-26-000130.md) | 5.07 Shareholder vote results | 0001650164-26-000130 |
| 2026-05-08 | 17:57 ET | [10-Q](/filings/0001650164-26-000114.md) | Quarterly report, period 2026-03-31 | 0001650164-26-000114 |
| 2026-05-07 | 16:20 ET | [8-K](/filings/0001650164-26-000113.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001650164-26-000113 |
| 2026-04-23 | 16:42 ET | [DEF 14A](/filings/0001650164-26-000098.md) | Proxy statement, period 2026-06-12 | 0001650164-26-000098 |
| 2026-02-18 | 16:30 ET | [10-K](/filings/0001650164-26-000057.md) | Annual report, period 2025-12-31 | 0001650164-26-000057 |
| 2026-02-12 | 16:12 ET | [8-K](/filings/0001650164-26-000050.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001650164-26-000050 |
| 2026-01-15 | 16:54 ET | [8-K](/filings/0001650164-26-000024.md) | 5.02 Departure or appointment of officers or directors | 0001650164-26-000024 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001650164-26-000057.md), filed Feb 18, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/c3917885-6179-4c3b-819d-48a3e46be0fd)

## About the filer

- CIK: 1650164
- Tickers: TOST
- Exchange: NYSE
- SIC code: 7374 Services-Computer Processing & Data Preparation
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 16:33 ET. No prices; not investment advice.