Toast Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Revenue	5,529	4,960	3,865	2,731	1,705	823	Upgrade
Revenue Growth (YoY)	26.06%	28.33%	41.52%	60.18%	107.17%	23.76%	Upgrade
Cost of Revenue	4,133	3,765	3,026	2,215	1,387	679	Upgrade
Gross Profit	1,396	1,195	839	516	318	144	Upgrade
Selling, General & Admin	833	772	749	613	379	251	Upgrade
Research & Development	357	351	358	282	163	109	Upgrade
Operating Expenses	1,195	1,128	1,112	900	546	364	Upgrade
Operating Income	201	67	-273	-384	-228	-220	Upgrade
Interest Expense	-	-	-	-	-12	-12	Upgrade
Interest & Investment Income	45	42	37	11	-	-	Upgrade
Other Non Operating Income (Expenses)	-3	-36	6	96	-200	-16	Upgrade
EBT Excluding Unusual Items	243	73	-230	-277	-440	-248	Upgrade
Merger & Restructuring Charges	-8	-46	-	-	-	-	Upgrade
Other Unusual Items	-5	-5	-14	-	-50	-	Upgrade
Pretax Income	230	22	-244	-277	-490	-248	Upgrade
Income Tax Expense	6	3	2	-2	-3	-	Upgrade
Net Income	224	19	-246	-275	-487	-248	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	-	1	Upgrade
Net Income to Common	224	19	-246	-275	-487	-249	Upgrade
Shares Outstanding (Basic)	572	559	532	512	290	200	Upgrade
Shares Outstanding (Diluted)	617	591	533	512	290	200	Upgrade
Shares Change (YoY)	13.31%	10.88%	4.10%	76.55%	45.01%	2.65%	Upgrade
EPS (Basic)	0.39	0.03	-0.46	-0.54	-1.68	-1.25	Upgrade
EPS (Diluted)	0.37	0.03	-0.47	-0.72	-1.68	-1.25	Upgrade
Free Cash Flow	508	306	93	-189	-17	-153	Upgrade
Free Cash Flow Per Share	0.82	0.52	0.17	-0.37	-0.06	-0.77	Upgrade
Gross Margin	25.25%	24.09%	21.71%	18.89%	18.65%	17.50%	Upgrade
Operating Margin	3.64%	1.35%	-7.06%	-14.06%	-13.37%	-26.73%	Upgrade
Profit Margin	4.05%	0.38%	-6.37%	-10.07%	-28.56%	-30.25%	Upgrade
Free Cash Flow Margin	9.19%	6.17%	2.41%	-6.92%	-1.00%	-18.59%	Upgrade
EBITDA	258	111	-241	-360	-220	-202	Upgrade
EBITDA Margin	4.67%	2.24%	-6.24%	-13.18%	-12.90%	-24.54%	Upgrade
D&A For EBITDA	57	44	32	24	8	18	Upgrade
EBIT	201	67	-273	-384	-228	-220	Upgrade
EBIT Margin	3.64%	1.35%	-7.06%	-14.06%	-13.37%	-26.73%	Upgrade
Effective Tax Rate	2.61%	13.64%	-	-	-	-	Upgrade
Revenue as Reported	5,529	4,960	3,865	2,731	1,705	823	Upgrade
Advertising Expenses	-	43	29	25	17	6	Upgrade

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q