Companies / TOST Toast, Inc. (TOST)
Toast, Inc. operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, India, and internationally. It offers a platform of software-as-a-service for restaurant operations and point of sale, such as Toast POS; Toast IQ, a conversational artificial intelligence; vendor management; multi-location management; kitchen display system; online ordering and delivery. It offers payroll and team management; inventory and supply chain tools; xtraCHEF by toast, a set of back-office tools for restaurants, including accounts payable automation, inventory management, ingredient price tracking, and recipe costing; financial technology solutions, including integrated payment processing, and restaurant-grade hardware. The company was formerly known as Opti Systems, Inc. and changed its name to Toast, Inc. in May 2012. Toast, Inc. was incorporated in 2011 and is headquartered in Boston, Massachusetts.
Ticker TOST Exchange NYSE Sector Technology Industry Software - Infrastructure Market cap $20.14B 52-week range $22.26 - $39.67 Valuation Share price $34.67 (close of Nov 6, 2026) P/E (TTM) 36.88x Price to book 8.81x Price to free cash flow 33.35x Enterprise value $18.94B Book value per share $3.94 Price performance Period Change 1 day -1.39% 5 days +9.44% 1 month +14.61% 3 months -0.14% 6 months +22.47% Year to date -2.37% 1 year -4.70% 3 years +103.22% 5 years -41.24% All time -44.54%
Short interest As of Oct 15, 2026 Short % of float 7.18% Shares short 36.64M Days to cover 4.60 Change since prior report +6.91% Source FINRA consolidated short interest Profitability and growth Return on equity 16.10% Return on invested capital 13.43% Return on assets 10.87% Return on capital employed 13.42% Gross margin 25.89% Net margin 5.56% EBITDA margin 5.79% Revenue growth 24.05% Free cash flow growth 98.69% Cash flow and balance sheet Free cash flow yield (TTM) 3.00% Current ratio 2.66x Net debt to EBITDA -2.10x Latest reported year Period end Dec 31, 2025 Fiscal year 2025 Revenue $6.15B Cost of revenue $4.56B Gross profit $1.59B EBITDA $356.00M Net income $342.00M Earnings per share $0.59 Research and development $374.00M Shares outstanding 582.00M Income statement by year Period end Revenue Gross profit Net income EPS 2025-12-31 $6.15B $1.59B $342.00M $0.59 2024-12-31 $4.96B $1.19B $19.00M $0.03 2023-12-31 $3.87B $834.00M -$246.00M -$0.46 2022-12-31 $2.73B $511.00M -$275.00M -$0.54 2021-12-31 $1.71B $314.00M -$487.00M -$1.68 2020-12-31 $823.00M $140.00M -$248.00M -$1.25 2019-12-31 $665.00M $62.00M -$209.00M -$1.08
Margins and returns by year Period end Gross margin Net margin Return on equity Return on capital 2025-12-31 25.89% 5.56% 16.10% 13.43% 2024-12-31 23.99% 0.38% 1.23% 0.83% 2023-12-31 21.58% -6.36% -20.60% -23.39% 2022-12-31 18.71% -10.07% -25.05% -32.05% 2021-12-31 18.42% -28.56% -44.64% -18.91% 2020-12-31 17.01% -30.13% - - 2019-12-31 9.32% -31.43% - -
Cash and debt by year Period end Cash Debt 2025-12-31 $1.35B - 2024-12-31 $903.00M - 2023-12-31 $605.00M - 2022-12-31 $547.00M - 2021-12-31 $809.00M - 2020-12-31 $582.00M $172.00M 2019-12-31 $150.37M -
Free cash flow by year Period end Free cash flow Stock-based compensation 2025-12-31 $608.00M $242.00M 2024-12-31 $306.00M $253.00M 2023-12-31 $93.00M $277.00M 2022-12-31 -$172.00M $228.00M 2021-12-31 -$10.00M $140.00M 2020-12-31 -$153.00M $86.00M 2019-12-31 -$135.00M $34.00M
Investor relations Past earnings dates Reported Fiscal period EPS estimate 2026-11-03 Sep 2026 $0.26 2026-08-04 Jun 2026 $0.23 2026-05-07 Mar 2026 $0.16 2026-02-12 Dec 2025 $0.12 2025-11-04 Sep 2025 $0.12 2025-08-05 Jun 2025 $0.12 2025-05-08 Mar 2025 $0.09 2025-02-19 Dec 2024 $0.06
Filings and sources Company website pos.toasttab.com SEC filings 10-K, 10-Q and 8-K on EDGAR Earnings calendar All upcoming reports Similar companies Microsoft Corp (MSFT) · Palantir Technologies Inc. (PLTR) · Oracle Corp (ORCL) · Palo Alto Networks Inc (PANW) · CrowdStrike Holdings, Inc. (CRWD) · Fortinet, Inc. (FTNT) · Cloudflare, Inc. (NET) · Synopsys Inc (SNPS)
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