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Toast

TOST

Toast provides a comprehensive, cloud-based digital technology platform designed specifically for the restaurant and food service industry.

Market cap
$16.73B-34.6%
Revenue$6.4B+23.4%
Net income$412.0M+161%
Free cash flow$654.0M+60.3%
EPS (diluted)$0.66+187%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$1.9B
EPS estimate$0.32

Financials

Q1 2026

Income statement

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Revenue$1.6B+21.9%
Gross profit$447.0M+29.2%
Operating income$110.0M+156%
Net income$126.0M+125%
EPS (diluted)$0.20+122%

Balance sheet

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Cash & equivalents$1.4B+12.2%
Total debt$17.0M-22.7%
Total equity$2.0B+18.9%
Total assets$3.1B+20.7%

Cash flow

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Operating cash flow$132.0M+67.1%
CapEx$17.0M+70.0%
Free cash flow$115.0M+66.7%

Valuation & ratios

Valuation

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Market cap$16.57B-34.6%
Enterprise value$15.17B-37.5%
P/E40.2×-74.4×
P/S2.6×-2.1×

Profitability

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Gross margin26.3%+1.6pp
Operating margin5.6%+3.4pp
Net margin6.4%+3.4pp
FCF margin10.1%+2.3pp

Returns & leverage

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Return on equity22.5%+11.5pp
Debt / equity0.0×
Current ratio2.4×-0.1×

Segments

By product

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Financial technology solutions$1.3B+22.3%
Subscription services$268.0M+28.2%
Hardware and professional services$39.0M-15.2%

By segment

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Reportable Segment$1.6B+21.9%

Competitors

Profile

Toast provides a comprehensive, cloud-based digital technology platform designed specifically for the restaurant and food service industry. The company serves as a central operating system by integrating software-as-a-service, financial technology, and purpose-built hardware to streamline front-of-house and back-of-house operations.

Competitive position

Toast is a leading vertically integrated platform that differentiates itself through a purpose-built Android-based ecosystem specifically for the complex needs of the restaurant industry.

GeographiesUnited States
Customer segmentsSMB, Enterprise, Food and Beverage Retailers
Business modelSubscription SaaS, Transaction-based, Hardware-as-a-Service, Lending-as-a-Service
SuppliersCloud infrastructure providers, Hardware manufacturers, Bank partners for loan issuance, Card networks
CustomersQuick-service restaurants, Full-service restaurants, Bars and nightclubs, Catering businesses, Specialty food retailers
Listed2021
Employees5.5K
CEOAman Narang
FilingsSEC EDGAR

Questions, answered.

What is Toast's market cap?
Toast (TOST) has a market capitalization of $16.7B and trades on NYSE.
What is Toast's revenue and profitability?
Toast generated $6.4B in trailing twelve-month revenue with net income of $412.0M, representing a net margin of 6.4%. Gross margin stands at 26.3%, with free cash flow of $654.0M. These figures are based on the Q1 2026 filing.
Who are Toast's competitors?
Toast's key competitors include Shift4 Payments, Lightspeed Commerce, Oracle, and others. These companies compete in similar markets and product categories.
What subsidiaries does Toast have?
Toast's subsidiaries include xtraCHEF.
Where is Toast headquartered?
Toast is headquartered in United States of America and employs approximately 5,500 people. It has been publicly traded since 2021.