Toast, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.91B | $1.63B | $1.63B | $1.63B | $1.55B | $1.34B | $1.34B | $1.31B |
| Cost of Revenue | $1.39B | $1.18B | $1.21B | $1.20B | $1.16B | $991.0M | $1.01B | $983.0M |
| Gross Profit | $516.0M | $447.0M | $423.0M | $432.0M | $392.0M | $346.0M | $333.0M | $322.0M |
| Gross Margin | 27.0% | 27.4% | 25.9% | 26.5% | 25.3% | 25.9% | 24.9% | 24.7% |
| Operating Expenses | ||||||||
| Research & Development | $109.0M | $97.0M | $97.0M | $102.0M | $91.0M | $84.0M | $92.0M | $89.0M |
| SG&A Expense | $89.0M | $84.0M | $84.0M | $102.0M | $79.0M | $79.0M | $78.0M | $80.0M |
| Operating Income | $152.0M | $110.0M | $85.0M | $84.0M | $80.0M | $43.0M | $33.0M | $34.0M |
| Operating Margin | 8.0% | 6.7% | 5.2% | 5.1% | 5.2% | 3.2% | 2.5% | 2.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $162.0M | $131.0M | $101.0M | $104.0M | $83.0M | $58.0M | $33.0M | $57.0M |
| Income Tax Expense | $8.0M | $5.0M | $0 | $-1.0M | $3.0M | $2.0M | $1.0M | $1.0M |
| Net Income | $154.0M | $126.0M | $101.0M | $105.0M | $80.0M | $56.0M | $32.0M | $56.0M |
| Net Margin | 8.1% | 7.7% | 6.2% | 6.4% | 5.2% | 4.2% | 2.4% | 4.3% |
| EPS (Basic) | $0.27 | $0.21 | $0.17 | $0.18 | $0.14 | $0.10 | $0.05 | $0.10 |
| EPS (Diluted) | $0.26 | $0.20 | $0.18 | $0.16 | $0.13 | $0.09 | $0.09 | $0.07 |
| Shares Outstanding (Basic) | 578.0M | 587.0M | 582.0M | 585.0M | 580.0M | 575.0M | 559.0M | 563.0M |
| Shares Outstanding (Diluted) | 590.0M | 602.0M | 607.0M | 609.0M | 605.0M | 603.0M | 591.0M | 590.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |