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Segments

By segment

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Reportable Segment$86M+24.6%

Other financials

Income statement

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Revenue$1.9B+23.1%
Gross profit$516.0M+31.6%
Operating income$152.0M+90.0%
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:ResearchAndDevelopmentExpense.

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
Gross profit516392963738
Operating expenses:
Sales and marketing166141322274
Research and development10991206175
General and administrative8979173158
Restructuring expenses18
Total operating expenses364312701615
Operating income15280262123

Item 1. Financial Statements (unaudited)

FAQ

What is Toast's R&D?
Toast (TOST) reported R&D of $109M in Q2 2026.
How has Toast's R&D changed year-over-year?
Toast's R&D increased by 19.8% year-over-year, from $91M to $109M.
What is the long-term trend for Toast's R&D?
Over 4 years (2021 to 2025), Toast's R&D has grown at a 23.1% compound annual growth rate (CAGR), from $163M to $374M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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