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Toast TOST Business Segments — R&D

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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
Revenue$1,908$1,550$3,538$2,887
Costs of revenue(1)(1,385)(1,148)(2,561)(2,128)
Sales and marketing(1)(152)(126)(294)(243)
Research and development(1)(86)(69)(160)(131)
General and administrative(1)(75)(62)(145)(126)
Stock-based compensation and related payroll taxes(58)(64)(116)(128)
Other items(2)2(1)185
Net income$154$80$280$136

Item 1. Financial Statements (unaudited)

FAQ

What is Toast's business segments — R&D?
Toast (TOST) reported business segments — R&D of $86M in Q2 2026.
How has Toast's business segments — R&D changed year-over-year?
Toast's business segments — R&D increased by 24.6% year-over-year, from $69M to $86M.
What is the long-term trend for Toast's business segments — R&D?
Over 3 years (2022 to 2025), Toast's business segments — R&D has grown at a 10.2% compound annual growth rate (CAGR), from $209M to $280M.
What does business segments — R&D mean?
Represents investments in engineering, product design, and innovation to enhance the segment's software platform and hardware capabilities. This reflects the company's commitment to maintaining a competitive advantage through continuous product improvement.

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