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Toast TOST Q3 2025 earnings

Reported November 4, 2025 · After market close

Revenue$1.6BBeat by $46.4M
EPS$0.25Beat by $0.01
Revenue estimate$1.6B
EPS estimate$0.24

Next report

Nov 3, 2026 (In 3 weeks)
Revenue estimate$2.0B
EPS estimate$0.37

Financials

Q3 2025

Income statement

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Revenue$1.6B+25.1%
Gross profit$432.0M+34.2%
Operating income$84.0M+147%
Net income$105.0M+87.5%
EPS (diluted)$0.16+129%

Balance sheet

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Cash & equivalents$1.6B+70.0%
Total debt$18.0M-52.6%
Total equity$2.0B+41.8%
Total assets$3.0B+33.4%

Cash flow

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Operating cash flow$165.0M+51.4%
CapEx$12.0M0.0%
Free cash flow$153.0M+57.7%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$21.29B+35.2%
Enterprise value$19.7B+32.8%
P/E78×—
P/S3.6×+0.3×

Profitability

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Gross margin25.7%+2.4pp
Operating margin4.1%+3.2pp
Net margin4.7%+3.9pp
FCF margin9.6%+4.2pp

Returns & leverage

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Return on equity15.9%+13.3pp
Debt / equity0×0.0×
Current ratio2.7×+0.3×

Segments

By product

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Financial technology solutions$1.3B+26.1%
Subscription services$244.0M+29.1%
Hardware and professional services$44.0M-10.2%

By segment

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Reportable Segment$1.6B+25.1%

FAQ

When did Toast report Q3 2025 earnings?
Toast (TOST) reported Q3 2025 earnings on November 4, 2025 after market close.
What were Toast's Q3 2025 revenue and EPS?
Toast reported revenue of $1.6B and eps of $0.25 for Q3 2025.
Did Toast beat estimates in Q3 2025?
Revenue beat the consensus estimate of $1.6B by $46.4M. EPS beat the consensus estimate of $0.24 by $0.01.
How did Toast's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 25.1% from $1.3B a year earlier and eps grew 257.1% from $0.07.
Where can I find Toast's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001650164-25-000334) and the 10-Q periodic report (0001650164-25-000341) directly on SEC EDGAR. The filing index links above go to sec.gov.