Share

Profile & Fundamentals

Toast Profile & Fundamentals

Name: Toast financial chart data preview
Creator: iPulse AI
License: https://ipulseai.com/terms

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

Interactive annual & quarterly chartsAI financial reviewsReported source tables

Explore this pageJump to a Profile & Fundamentals section

Explore this research

Profile & Fundamentals contents

Jump directly to any section

Company and Market Context

Company Profile & Ownership

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.

Company profile record

Toast Inc

Common Stock · Financials · Transaction & Payment Processing Services

Official website

Company

Company / asset: Toast Inc
Security type: Common Stock
Sector: Financials
Industry: Transaction & Payment Processing Services
HQ: 🇺🇸 United States
Head office: 333 Summer Street, Boston, MA, United States, 02210

Leadership & scale

Chief executive: Mr. Aman Narang
CEO year born: 1983
Full-time employees: 6.5K
Fiscal year end: December
IPO date: 2021-09-22

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 17.5B
P/E: 36.1x
Revenue (Q2 26): USD 1.9B
Profit (Q2 26): USD 154.0M
Dividend Yield: --
Revenue (FY 25): USD 6.2B
Shares in public float: 485M
Insider ownership: 5.6%

Reporting & identifiers

Symbol: TOST.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US8887871080
Asset ID: equity_3b75a39a-268f-5c12-bc4a-4e26a649a7e1

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

FMR Inc31,731,204 shares · 5.49% · Reported 2026-03-31
BlackRock Inc27,164,813 shares · 4.70% · Reported 2026-03-31
Capital Research & Mgmt Co - Division 326,744,340 shares · 4.63% · Reported 2026-06-30
Vanguard Capital Management, LLC22,063,096 shares · 3.82% · Reported 2026-03-31
Vanguard Portfolio Management, LLC20,258,557 shares · 3.50% · Reported 2026-03-31
AllianceBernstein L.P.18,173,374 shares · 3.14% · Reported 2026-03-31
American Funds Growth Fd of Amer A17,954,190 shares · 3.11% · Reported 2026-06-30

View more holders (8)

Capital Group Growth Fnd of Amer Comp17,954,190 shares · 3.11% · Reported 2026-06-30
JPMorgan Chase & Co16,783,899 shares · 2.90% · Reported 2026-03-31
iShares Core S&P Mid-Cap ETF16,445,122 shares · 2.85% · Reported 2026-08-31
Vanguard MStar Total Stk Mkt Idx Invest15,616,073 shares · 2.70% · Reported 2026-07-31
Principal Financial Group Inc15,164,024 shares · 2.62% · Reported 2026-06-30
Fidelity Contrafund14,503,366 shares · 2.51% · Reported 2026-07-31
Valueact Holdings, L.p.14,134,038 shares · 2.45% · Reported 2026-06-30
Morgan Stanley - Brokerage Accounts11,659,138 shares · 2.02% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

Financial assessments show strong agreement that the company has reached a major turning point, successfully shifting from a cash-burning startup to a highly profitable business. Revenue continues to grow at an impressive rate of over twenty percent, while net income and free cash flow have surged into positive territory. This turnaround is driven by strong operating leverage, meaning that as the business grows, its fixed costs stay relatively flat, allowing more revenue to flow directly to profits. However, there is some disagreement regarding the near-term outlook. Some analysts warn that upcoming hardware tariffs in 2027 and rising bad debt from struggling restaurants could temporarily squeeze earnings and compress profit margins. In contrast, more optimistic views believe that the rapid adoption of high-margin software modules will easily offset these temporary costs, keeping the company on a highly profitable compounding path.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The margin trajectory shows a highly positive structural shift, with gross margins expanding to over twenty-five percent and operating margins successfully turning positive. This improvement is driven by a deliberate shift in the business mix, as high-margin software subscriptions become a larger portion of total revenue compared to low-margin payment processing and hardware sales. While there is strong consensus that the company has crossed the profitability threshold, opinions clash on the future pace of margin expansion. Optimistic views highlight that software have breached eighty percent, suggesting that will continue to climb rapidly as the business scales. Conversely, more cautious assessments warn that upcoming hardware tariff costs and rising bad debt from restaurant closures will act as near-term speed bumps, temporarily compressing margins in 2027 before the long-term upward trend resumes.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

Complete Research Workspace

Unlock the complete Profile & Fundamentals

Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.

Sign in to check access View Base plan

Paywalled preview begins: Reported Data Tables — chart preview

From this section to the end-of-preview notice below, research is provided as simplified HTML text and tables. Full access provides the complete interactive interface, charts and additional datasets.

Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2019-12-31	665,000,000	-141,000,000	-209,000,000	9.32	-32.03	-31.43	-21.2
2020-12-31	823,000,000	-160,705,000	-248,000,000	17.01	-26.73	-30.13	-19.53
2021-12-31	1,705,000,000	-17,000,000	-487,000,000	18.42	-13.37	-28.56	-1
2022-12-31	2,731,000,000	-189,000,000	-275,000,000	18.71	-14.06	-10.07	-6.92
2023-12-31	3,865,000,000	93,000,000	-246,000,000	21.58	-7.43	-6.36	2.41
2024-12-31	4,960,000,000	306,000,000	19,000,000	23.99	0.32	0.38	6.17
2025-12-31	6,153,000,000	608,000,000	342,000,000	25.76	4.96	5.56	9.88

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	63.03	Trailing four quarters
2024-12-31	1,151.05	Trailing four quarters

Shares outstanding — chart values
Reporting date	Shares outstanding
2019-01-01	195,000,000
2020-01-01	461,179,200
2021-01-01	505,880,400
2022-01-01	518,536,600
2023-01-01	541,000,000
2024-01-01	600,000,000
2025-01-01	607,000,000
2026-01-01	590,000,000

End of the paywalled preview

The excerpt from Reported Data Tables — chart preview to this notice is the simplified paywalled content included on this page. A signed-in, verified account with the required subscription provides the full interactive interface and the additional research, datasets and tools listed below.

Those additional materials are not included in this preview and cannot be revealed by removing its visual restrictions.

Additional with full access

Earnings, Profitability & Valuation
- Complete profitability ratios
- EPS history and estimate comparisons
- Execution vs expectations
- Annual and quarterly financial views
Capital Expenditure & R&D
- Capital allocation AI review
- Annual capital expenditure
- Investment intensity trends
- Capex and R&D intensity indicators
Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
- Liquidity and leverage
- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions
Company Events
- Dated insider transactions
- Material company activity

Explore complete public research examples

These public assets show the complete asset profiles, fundamental datasets and analysis. Their findings concern those assets, not this report.