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Toast TOST Operating Income

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Other financials

Income statement

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Revenue$1.9B+23.1%
Gross profit$516.0M+31.6%
Net income$154.0M+92.5%
EPS (diluted)$0.26+100%

Balance sheet

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Cash & equivalents$1.3B-8.5%
Total debt$17.0M-22.7%
Total equity$2.0B+12.5%
Total assets$3.2B+15.0%

Cash flow

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Operating cash flow$144.0M-35.4%
CapEx$14.0M-6.7%
Free cash flow$130.0M-37.5%

Valuation

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Market cap$20.18B-24.6%
P/E41.5×-78.0×
P/S-1.9×

Profitability

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Gross margin26.7%+1.5pp
Operating margin6.3%+2.9pp
Net margin7.1%+3.1pp
FCF margin8.5%-0.7pp

Returns & leverage

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Return on equity25.2%+10.7pp
Debt / equity0.0×
Current ratio2.4×-0.2×

Where this comes from

Reported directly by Toast in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Toast’s 10-Q, filed August 5, 2026.

Filed
Aug 4, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001650164-26-000164
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
General and administrative8979173158
Restructuring expenses18
Total operating expenses364312701615
Operating income15280262123
Other income:
Interest income, net11112423
Change in fair value of warrant liability(1)(8)7(5)
Income before taxes16283293141

Item 1. Financial Statements (unaudited)

FAQ

What is Toast's operating income?
Toast (TOST) reported operating income of $152M in Q2 2026.
How has Toast's operating income changed year-over-year?
Toast's operating income increased by 90.0% year-over-year, from $80M to $152M.
What is the long-term trend for Toast's operating income?
Over 4 years (2021 to 2025), Toast's operating income has grown at a 6.5% compound annual growth rate (CAGR), from -$227M to $292M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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