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Toast, Inc. income statement

In fiscal 2025, Toast, Inc. reported revenue of $6.15bn, up 24.1% on the year before, operating income of $292m (a 4.7% margin) and net income of $342m, or $0.56 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue6658231,7052,7313,8654,9606,1536,804
Cost of revenue6036831,3912,2203,0313,7704,5604,986
Gross profit621403145118341,1901,5931,818
Research and development64109163282358351374405
Selling and marketing128138190319401470571619
General and administrative83113189294362307344359
Operating income−213−220−228−384−28716292431
Interest expense01312—————
Net interest income—−12−121137425152
Income before tax−212−248−490−277−24422346498
Income tax−30−3−223412
Net income−209−248−487−275−24619342486
Diluted EPS−$1.08−$1.25−$1.68−$0.72−$0.47$0.03$0.56$0.81
Diluted shares (average)195m200m290m512m533m591m607m603m
EBITDA−206−193−207−360−25562356482

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Toast, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Toast, Inc.