Toast, Inc.TOSTEarnings & Financial Report
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
Revenue
$1.3B
Gross Profit
$346.0M
Operating Profit
$43.0M
Net Profit
$56.0M
Gross Margin
25.9%
Operating Margin
3.2%
Net Margin
4.2%
YoY Growth
24.4%
EPS
$0.09
Financial Flow
Toast, Inc. Q1 2025 Financial Summary
Toast, Inc. reported revenue of $1.3B (up 24.4% YoY) for Q1 2025, with a net profit of $56.0M (up 167.5% YoY) (4.2% margin). Cost of goods sold was $991.0M, operating expenses totaled $303.0M.
Key Financial Metrics
| Total Revenue | $1.3B |
|---|---|
| Net Profit | $56.0M |
| Gross Margin | 25.9% |
| Operating Margin | 3.2% |
| Report Period | Q1 2025 |
Revenue Breakdown
Toast, Inc. Q1 2025 revenue of $1.3B breaks down across 3 segments, led by Technology Service at $1.1B (80.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Technology Service | $1.1B | 80.9% |
| License | $209.0M | 15.6% |
| Product And Professional Services | $46.0M | 3.4% |
Toast, Inc. Revenue by Segment — Quarterly Trend
Toast, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Technology Service and License) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Technology Service | $1.3B | $1.3B | $1.3B | $1.1B |
| License | $256.0M | $244.0M | $227.0M | $209.0M |
| Product And Professional Services | $43.0M | $44.0M | $47.0M | $46.0M |
Toast, Inc. Annual Revenue by Year
Toast, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $6.2B |
| 2024 | $5.0B |
| 2023 | $3.9B |
| 2022 | $2.7B |
Toast, Inc. Quarterly Revenue & Net Profit History
Toast, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.6B | +22.0% | $101.0M | 6.2% |
| Q3 2025 | $1.6B | +25.1% | $105.0M | 6.4% |
| Q2 2025 | $1.6B | +24.8% | $80.0M | 5.2% |
| Q1 2025 | $1.3B | +24.4% | $56.0M | 4.2% |
| Q4 2024 | $1.3B | +29.2% | $32.0M | 2.4% |
| Q3 2024 | $1.3B | +26.5% | $56.0M | 4.3% |
| Q2 2024 | $1.2B | +27.0% | $14.0M | 1.1% |
| Q1 2024 | $1.1B | +31.3% | $-83.0M | -7.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.07B | $1.24B | $1.30B | $1.34B | $1.34B | $1.55B | $1.63B | $1.63B |
| YoY Growth | 31.3% | 27.0% | 26.5% | 29.2% | 24.4% | 24.8% | 25.1% | 22.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.05B | $2.15B | $2.23B | $2.41B | $2.56B | $2.77B | $2.97B | $3.15B |
| Liabilities | $849.0M | $872.0M | $807.0M | $863.0M | $891.0M | $949.0M | $957.0M | $1.02B |
| Equity | $1.20B | $1.28B | $1.42B | $1.54B | $1.67B | $1.82B | $2.01B | $2.12B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-20.0M | $124.0M | $109.0M | $147.0M | $79.0M | $223.0M | $165.0M | $194.0M |