Toast Inc.

TOST ·Technology, Information Technology Services, United States

Income Statement

Line Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue	$6.15B	$4.96B	$3.87B	$2.73B	$1.71B	$823.0M	$665.0M
Cost of Revenue	$4.56B	$3.77B	$3.03B	$2.22B	$1.39B	$683.0M	$603.0M
Gross Profit	$1.59B	$1.19B	$834.0M	$511.0M	$314.0M	$140.0M	$62.0M
Gross Margin	25.9%	24.0%	21.6%	18.7%	18.4%	17.0%	9.3%
Operating Expenses
Research & Development	$374.0M	$351.0M	$358.0M	$282.0M	$163.0M	$109.0M	$64.0M
SG&A Expense	$344.0M	$307.0M	$362.0M	$294.0M	$189.0M	$113.0M	$83.0M
Operating Income	$292.0M	$16.0M	$-287.0M	$-384.0M	$-228.0M	$-220.0M	$-213.0M
Operating Margin	4.7%	0.3%	-7.4%	-14.1%	-13.4%	-26.7%	-32.0%
Interest Expense	—	—	—	—	$12.0M	$13.0M	$0
Pretax Income	$346.0M	$22.0M	$-244.0M	$-277.0M	$-490.0M	$-248.0M	$-212.0M
Income Tax Expense	$4.0M	$3.0M	$2.0M	$-2.0M	$-3.0M	$0	$-3.0M
Net Income	$342.0M	$19.0M	$-246.0M	$-275.0M	$-487.0M	$-248.0M	$-209.0M
Net Margin	5.6%	0.4%	-6.4%	-10.1%	-28.6%	-30.1%	-31.4%
EPS (Basic)	$0.59	$0.03	$-0.46	$-0.54	$-1.68	$-1.25	$-1.08
EPS (Diluted)	$0.56	$0.03	$-0.47	$-0.72	$-1.68	$-1.25	$-1.08
Shares Outstanding (Basic)	582.0M	559.0M	532.0M	512.0M	290.0M	200.0M	194.8M
Shares Outstanding (Diluted)	607.0M	591.0M	533.0M	512.0M	290.0M	200.0M	194.8M
Dividends Per Share	—	—	—	—	—	—	—