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Toast TOST Q2 2025 earnings

Reported August 5, 2025 · After market close

Revenue estimate$1.5B
EPS estimate$0.23

Next report

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

Financials

Q2 2025

Income statement

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Revenue$1.6B+24.8%
Gross profit$392.0M+37.1%
Operating income$80.0M+1,500%
Net income$80.0M+471%
EPS (diluted)$0.13+550%

Balance sheet

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Cash & equivalents$1.4B+64.9%
Total debt$19.0M-52.5%
Total equity$1.8B+41.7%
Total assets$2.8B+28.4%

Cash flow

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Operating cash flow$223.0M+79.8%
CapEx$15.0M-6.3%
Free cash flow$208.0M+92.6%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$25.84B+83.3%
Enterprise value$24.44B+84.1%
P/E115.4×
P/S4.7×+1.5×

Profitability

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Gross margin25.2%+2.7pp
Operating margin3.4%+2.2pp
Net margin4.1%+2.8pp
FCF margin9.2%+5.1pp

Returns & leverage

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Return on equity14.4%+10.0pp
Debt / equity0.0×
Current ratio2.6×+0.2×

Segments

By product

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Financial technology solutions$1.3B+24.7%
Subscription services$227.0M+36.7%
Hardware and professional services$47.0M-11.3%

By segment

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Reportable Segment$1.6B+24.8%

Versus estimates

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Questions, answered.

When did Toast report Q2 2025 earnings?
Toast (TOST) reported Q2 2025 earnings on August 5, 2025 after market close.
What were Toast's Q2 2025 revenue and EPS?
Toast reported revenue of $1.6B and diluted EPS of $0.24 for Q2 2025.
Did Toast beat estimates in Q2 2025?
Revenue beat the consensus estimate of $1.5B by $25.0M. EPS beat the consensus estimate of $0.23 by $0.01.
How did Toast's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 24.8% from $1.2B a year earlier and diluted EPS grew 1100.0% from $0.02.
Where can I find Toast's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001650164-25-000290) directly on SEC EDGAR. The filing index links above go to sec.gov.