What is Toast's unbilled revenue?

Toast (TOST) reported unbilled revenue of $36M in Q1 2026.

How has Toast's unbilled revenue changed year-over-year?

Toast's unbilled revenue increased by 38.5% year-over-year, from $26M to $36M.

What is the long-term trend for Toast's unbilled revenue?

Over 3 years (2022 to 2025), Toast's unbilled revenue has grown at a -9.1% compound annual growth rate (CAGR), from $44M to $33M.

Toast TOST Unbilled Revenue

Unbilled Revenue at other companies

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$740M—

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$746M-3.0%

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$1.44B+1.9%

Xcel EnergyXEL

$12M+329%

PPLPPL

$18.25M+28.1%

WEC Energy GroupWEC

$2.01B+5.6%

Other financials

Income statement

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Revenue$1.6B+21.9%

Gross profit$447.0M+29.2%

Operating income$110.0M+156%

Net income$126.0M+125%

EPS (diluted)$0.20+122%

Balance sheet

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Cash & equivalents$1.4B+12.2%

Total debt$17.0M-22.7%

Total equity$2.0B+18.9%

Total assets$3.1B+20.7%

Cash flow

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Operating cash flow$132.0M+67.1%

CapEx$17.0M+70.0%

Free cash flow$115.0M+66.7%

Valuation

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Market cap$14.3B-18.1%

Enterprise value$12.91B-20.3%

P/E34.7×-75.9×

P/S2.2×-1.1×

Profitability

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Gross margin26.3%+1.6pp

Operating margin5.6%+3.4pp

Net margin6.4%+3.4pp

FCF margin10.1%+2.3pp

Returns & leverage

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Return on equity22.5%+11.5pp

Debt / equity0×0.0×

Current ratio2.4×-0.1×

Where this comes from

Reported directly by Toast in its filing.

Tagged under the XBRL concept us-gaap:UnbilledReceivablesCurrent.

The official record: Toast’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Toast's unbilled revenue?: Toast (TOST) reported unbilled revenue of $36M in Q1 2026.
How has Toast's unbilled revenue changed year-over-year?: Toast's unbilled revenue increased by 38.5% year-over-year, from $26M to $36M.
What is the long-term trend for Toast's unbilled revenue?: Over 3 years (2022 to 2025), Toast's unbilled revenue has grown at a -9.1% compound annual growth rate (CAGR), from $44M to $33M.