Toast, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $154.0M | $126.0M | $101.0M | $105.0M | $80.0M | $56.0M | $32.0M | $56.0M |
| Depreciation & Amortization | $12.0M | $10.0M | $16.0M | $13.0M | $16.0M | $19.0M | $11.0M | $12.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $55.0M | $54.0M | $56.0M | $66.0M | $60.0M | $60.0M | $60.0M | $60.0M |
| Net Cash from Operating Activities | $144.0M | $132.0M | $194.0M | $165.0M | $223.0M | $79.0M | $147.0M | $109.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $14.0M | $17.0M | $16.0M | $12.0M | $15.0M | $10.0M | $13.0M | $12.0M |
| Business Acquisitions | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Investing Activities | $-67.0M | $-75.0M | $-152.0M | $-4.0M | $-38.0M | $22.0M | $-15.0M | $9.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $163.0M | $323.0M | $53.0M | $23.0M | $14.0M | $17.0M | $0 | $20.0M |
| Net Cash from Financing Activities | $-185.0M | $-227.0M | $-63.0M | $19.0M | $-22.0M | $73.0M | $11.0M | $-40.0M |
| Net Change in Cash | $-109.0M | $-170.0M | $-22.0M | $180.0M | $166.0M | $174.0M | — | — |
| Free Cash Flow | $130.0M | $115.0M | $178.0M | $153.0M | $208.0M | $69.0M | $134.0M | $97.0M |