Revenue by quarter
US$ · last 8| Quarter | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $1.9B | $154.0M | 0.26 |
| Q1 FY2026 | $1.6B | $126.0M | 0.20 |
| Q4 FY2025 | $1.6B | $101.0M | 0.16 |
| Q3 FY2025 | $1.6B | $105.0M | 0.16 |
Newest filings
All 107| Form | Filed | Accepted (ET) | |
|---|---|---|---|
| 8-K | 1 Oct 2026 | 1 Oct, 7:48 AM | |
| 10-Q | 5 Aug 2026 | ||
| 8-K | 4 Aug 2026 | ||
| 8-K | 15 Jun 2026 | ||
| SD | 19 May 2026 | ||
| S-8 | 8 May 2026 | ||
| 10-Q | 8 May 2026 | ||
| 8-K | 7 May 2026 |
Description
- Ticker
- TOST-US
- Exchange
- NYSE
- Index
- S&P MidCap 400
- Industry
- Services-Computer Processing & Data Preparation
- SIC division
- Services
- CIK
- 0001650164
- LEI
- 549300TN1PZNLCD4I551
- FIGI
- BBG00BTJVK94
- Share class FIGI
- BBG00BTJVKB1
- Fiscal year ends
- Dec
- Filings held
- 107 since 2015
- 8-K events
- 39
- Shares short
- 34.3M, 30 Sep 2026
Financial statements
The income statement, balance sheet and cash flow by year and by quarter, line by line as the company reports them. Each column names the filing it comes from.
| Fiscal period | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Period ending | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Filed | 1 Mar 2022 | 1 Mar 2023 | 27 Feb 2024 | 26 Feb 2025 | 18 Feb 2026 | 18 Feb 2026 | 18 Feb 2026 |
| +Total revenue | 665M | 823M | 1,705M | 2,731M | 3,865M | 4,960M | 6,153M |
| +Amortization of acquired intangible assets | 2M | 4M | 4M | 5M | 5M | 5M | 5M |
| −Total costs of revenue | 603M | 683M | 1,391M | 2,220M | 3,031M | 3,770M | 4,560M |
| Gross profit | 62M | 140M | 314M | 511M | 834M | 1,190M | 1,593M |
| % of total revenue | 9.3% | 17.0% | 18.4% | 18.7% | 21.6% | 24.0% | 25.9% |
| +Sales and marketing | 128M | 138M | 190M | 319M | 401M | 470M | 571M |
| +Research and development | 64M | 109M | 163M | 282M | 358M | 351M | 374M |
| +General and administrative | 83M | 113M | 189M | 294M | 362M | 307M | 344M |
| +Restructuring expenses | – | – | – | 0M | 0M | 46M | 12M |
| −Total operating expenses | 275M | 360M | 542M | 895M | 1,121M | 1,174M | 1,301M |
| Income from operations | -213M | -220M | -228M | -384M | -287M | 16M | 292M |
| % of total revenue | -32.0% | -26.7% | -13.4% | -14.1% | -7.4% | 0.3% | 4.7% |
| +Interest income, net | 2M | -12M | -12M | 11M | 37M | 42M | 51M |
| Interest expense | 0M | 13M | 12M | – | – | – | – |
| −Change in fair value of warrant liability | 1M | 8M | 97M | -95M | -3M | 49M | -3M |
| Change in fair value of derivative liability | 0M | -7M | -103M | 0M | 0M | – | – |
| Loss on debt extinguishment | 0M | 0M | -50M | 0M | 0M | – | – |
| +Other income, net | 0M | -1M | 0M | 1M | 3M | 13M | 0M |
| Income before income taxes | -212M | -248M | -490M | -277M | -244M | 22M | 346M |
| % of total revenue | -31.9% | -30.1% | -28.7% | -10.1% | -6.3% | 0.4% | 5.6% |
| −Income tax benefit | -3M | 0M | -3M | -2M | 2M | 3M | 4M |
| Net income | -209M | -248M | -487M | -275M | -246M | 19M | 342M |
| % of total revenue | -31.4% | -30.1% | -28.6% | -10.1% | -6.4% | 0.4% | 5.6% |
| Redemption of Series B Preferred Stock | 0M | 1M | 0M | 0M | – | – | – |
| Net loss attributable to common stockholders | -209M | -249M | -487M | -275M | – | – | – |
| Basic | -1.08 | -1.25 | -1.68 | -0.54 | -0.46 | 0.03 | 0.59 |
| Diluted | -1.08 | -1.25 | -1.68 | -0.72 | -0.47 | 0.03 | 0.56 |
| Basic | 195M | 200M | 290Mr | 512Mr | 532M | 559M | 582M |
| Diluted | 195M | 200M | 290Mr | 512Mr | 533M | 591M | 607M |
Hover a figure for its source.r restated in a later filing– not reported in that period
Lines in the order and wording of the 10-K filed 18 Feb 2026. 272 of 272 subtotals add up to the company's own totals, and the balance sheet balances in 26 of 26 periods. Newest filing read: 5 Aug 2026.
Free for personal research, with credit (Data by Shikshan Nivesh) and a link. API access, bulk files and commercial use need a licence: the data licence.
Charts
Any figure or ratio in the record, by year, by quarter or on a trailing twelve months, as a value or as growth, against a peer if you like. Hover for the figures.
Revenue · quarterly · US$
Latest Jun 2026: $1.91B
Revenue = rev
Ratios
Every ratio, worked out the same way for every company, by year or on a trailing twelve months. Hover a ratio for its formula.
| Fiscal year ending | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Return on common equity | – | – | −157.1% | −25.1% | −21.5% | 1.4% | 18.6% |
| Return on assets | – | – | −38.8% | −15.7% | −13.2% | 0.9% | 12.3% |
| Return on capital | – | – | −57.2% | −34.8% | −19.8% | 1.0% | 15.7% |
| Return on invested capital | – | – | 42.9% | 778.0% | −308.5% | 3.9% | 40.9% |
| Gross margin | 9.3% | 17.0% | 18.4% | 18.7% | 21.6% | 24.0% | 25.9% |
| EBITDA margin | −31.0% | −23.5% | −12.1% | −13.2% | −6.6% | 1.3% | 5.8% |
| Operating margin | −32.0% | −26.7% | −13.4% | −14.1% | −7.4% | 0.3% | 4.7% |
| Incremental operating margin | – | −4.4% | −0.9% | −15.2% | 8.6% | 27.7% | 23.1% |
| Pretax margin | −31.9% | −30.1% | −28.7% | −10.1% | −6.3% | 0.4% | 5.6% |
| Profit margin | −31.4% | −30.1% | −28.6% | −10.1% | −6.4% | 0.4% | 5.6% |
| Net income to common margin | −31.4% | −30.3% | −28.6% | −10.1% | −6.4% | 0.4% | 5.6% |
| Effective tax rate | 1.4% | 0.0% | 0.6% | 0.7% | −0.8% | 13.6% | 1.2% |
What the company said with its results
The key points, guidance and management's own words from each of the last four results releases.
Key points
ARR reached $2.4 billion
Annualized recurring run-rate was $2.409 billion at June 30, 2026, against $1.928 billion a year earlier.
Adjusted EBITDA includes tariff refund
Adjusted EBITDA was $221 million against $161 million a year earlier, and includes a one-time benefit of about $10 million from tariff refunds.
Net income and EPS rose
Net income was $154 million against $80 million, and operating income was $152 million against $80 million.
Recurring gross profit up 31%
Subscription and fintech gross profit was $585 million, and the non-GAAP measure was $595 million, up 28%.
Payments and subscription ARR grew
Payments ARR was $1,199 million, up 23%. Subscription ARR was $1,210 million, up 27% from $950 million a year earlier.
Non-payments fintech gross profit rose
Non-GAAP non-payments fintech gross profit was $57 million for the quarter, against $40 million a year earlier.
Hardware gross profit negative
Hardware and professional services revenue was $48 million against $47 million, and gross profit on that line was negative $68 million.
Record 9,500 net location additions
The company added approximately 9,500 net new Locations in the quarter, described by the CEO as a record. Total Locations reached about 180,000.
Payment volume up 22%
Gross payment volume was $60.7 billion, up from $49.9 billion. Six-month GPV was $112.0 billion, also up 22%.
TGI Fridays rollout accelerated
TGI Fridays expanded its relationship with Toast and rolled out the platform in the UK, where it chose to accelerate the rollout after its pilot.
New customers across segments
Management said the company welcomed new customers ranging from enterprise hospitality partners to a bubble tea chain.
Sales and marketing expense rose
Non-GAAP sales and marketing expense was $152 million against $124 million, and non-GAAP research and development was $85 million against $69 million.
G&A expense rose
Non-GAAP general and administrative expense was $74 million against $62 million in the prior-year quarter.
Stock-based compensation declined
Stock-based compensation expense and related payroll tax was $58 million against $64 million a year earlier.
Guidance
- Non-GAAP subscription services and financial technology solutions gross profit$615 million to $625 million (22-24% growth compared to Q3 2025)third quarter of 2026 · new
- Adjusted EBITDA$210 million to $220 millionthird quarter of 2026 · new
- Non-GAAP subscription services and financial technology solutions gross profit$2,325 million to $2,355 million (23%-25% growth compared to 2025)full year 2026 · raised from $2,290 million to $2,320 million (21%-23% growth)
- Adjusted EBITDA$805 million to $825 millionfull year 2026 · raised from $790 million to $810 million
In their words
“The first half of 2026 reflects the strength we have across the business.” Toast CEO Aman Narang
“GAAP Operating Income margins expanded to 26%, and we added a record 9,500 net locations” Toast CEO Aman Narang
“We have incredible momentum across the business, and I have never been more confident in the long term opportunity.” Toast CEO Aman Narang
Coming up
Third-quarter results to follow. Management expects to report third-quarter results against the non-GAAP gross profit and adjusted EBITDA guidance given in this release.
Toast Lab operator receives support. The selected operator in Toast Lab will receive strategic capital, executive mentorship and early access to Toast products.
Revenue by segment
As the company reports it in the segment note of each annual report: by business, by product and by region, latest year.
- Financial technology solutions$5.0B 81.9%
- Subscription services$936.0M 15.2%
- Hardware and professional services$180.0M 2.9%
Company events
Every 8-K, sorted by the event it reports, with the moment the SEC accepted it in New York time.
| 1 Oct 2026 | 1 Oct, 7:48 AM ET | 8-K | Leadership change | 5.02 | |
| 4 Aug 2026 | 8-K | Results | 2.02, 9.01 | ||
| 15 Jun 2026 | 8-K | Shareholder vote | 5.07 | ||
| 7 May 2026 | 8-K | Results | 2.02, 9.01 | ||
| 12 Feb 2026 | 8-K | ResultsOther events | 2.02, 8.01, 9.01 | ||
| 15 Jan 2026 | 8-K | Leadership change | 5.02 | ||
| 4 Nov 2025 | 8-K | Results | 2.02, 9.01 | ||
| 27 Oct 2025 | 8-K | Leadership changeInvestor update | 5.02, 7.01, 9.01 | ||
| 5 Aug 2025 | 8-K | Results | 2.02, 9.01 | ||
| 17 Jun 2025 | 8-K | Shareholder vote | 5.07 | ||
| 5 Jun 2025 | 8-K | Leadership change | 5.02 | ||
| 8 May 2025 | 8-K | Results | 2.02, 9.01 | ||
| 19 Feb 2025 | 8-K | Results | 2.02, 9.01 | ||
| 14 Feb 2025 | 8-K | Leadership change | 5.02 | ||
| 7 Nov 2024 | 8-K | Results | 2.02, 9.01 | ||
| 6 Aug 2024 | 8-K | Results | 2.02, 9.01 | ||
| 5 Jul 2024 | 8-K | Other events | 8.01 | ||
| 25 Jun 2024 | 8-K | Leadership change | 5.02 | ||
| 10 Jun 2024 | 8-K | Shareholder voteBylaws or fiscal year change | 5.03, 5.07, 9.01 | ||
| 7 May 2024 | 8-K | Results | 2.02, 9.01 | ||
| 15 Feb 2024 | 8-K | ResultsRestructuringOther events | 2.02, 2.05, 8.01, 9.01 | ||
| 7 Nov 2023 | 8-K | Results | 2.02, 9.01 | ||
| 5 Sep 2023 | 8-K | Leadership changeInvestor update | 5.02, 7.01, 9.01 | ||
| 8 Aug 2023 | 8-K | Results | 2.02, 9.01 | ||
| 19 Jul 2023 | 8-K | Investor update | 7.01, 9.01 | ||
| 12 Jun 2023 | 8-K | Shareholder vote | 5.07 | ||
| 9 May 2023 | 8-K | Results | 2.02, 9.01 | ||
| 8 May 2023 | 8-K | Agreement ended | 1.02, 9.01 | ||
| 16 Feb 2023 | 8-K | Results | 2.02, 9.01 | ||
| 10 Nov 2022 | 8-K | Results | 2.02, 9.01 | ||
| 11 Aug 2022 | 8-K | Results | 2.02, 9.01 | ||
| 6 Jun 2022 | 8-K | Shareholder vote | 5.07 | ||
| 12 May 2022 | 8-K | Results | 2.02, 9.01 | ||
| 15 Feb 2022 | 8-K | Results | 2.02, 9.01 | ||
| 10 Dec 2021 | 8-K | Leadership change | 5.02, 9.01 | ||
| 1 Dec 2021 | 8-K | Other events | 8.01 | ||
| 9 Nov 2021 | 8-K | Results | 2.02, 9.01 | ||
| 15 Oct 2021 | 8-K | Leadership change | 5.02 | ||
| 27 Sep 2021 | 8-K | Bylaws or fiscal year changeOther events | 5.03, 8.01, 9.01 |
Every filing
The company's filings with the SEC, newest first: 107 held. Insider, fund and large-holder filings have their own tables below.
| 1 Oct 2026 | 8-K | 28 Sep 2026 | 1 Oct, 7:48 AM ET | |
| 5 Aug 2026 | 10-Q | 30 Jun 2026 | ||
| 4 Aug 2026 | 8-K | 4 Aug 2026 | ||
| 15 Jun 2026 | 8-K | 12 Jun 2026 | ||
| 19 May 2026 | SD | – | ||
| 8 May 2026 | S-8 | – | ||
| 8 May 2026 | 10-Q | 31 Mar 2026 | ||
| 7 May 2026 | 8-K | 7 May 2026 | ||
| 23 Apr 2026 | DEFA14A | – | ||
| 23 Apr 2026 | DEF 14A | 12 Jun 2026 | ||
| 23 Apr 2026 | ARS | 31 Dec 2025 | ||
| 18 Feb 2026 | 10-K | 31 Dec 2025 | ||
| 12 Feb 2026 | 8-K | 10 Feb 2026 | ||
| 15 Jan 2026 | 8-K | 15 Jan 2026 | ||
| 5 Nov 2025 | 10-Q | 30 Sep 2025 | ||
| 4 Nov 2025 | 8-K | 4 Nov 2025 | ||
| 27 Oct 2025 | 8-K | 24 Oct 2025 | ||
| 6 Aug 2025 | 10-Q | 30 Jun 2025 | ||
| 5 Aug 2025 | 8-K | 5 Aug 2025 | ||
| 17 Jun 2025 | 8-K | 13 Jun 2025 | ||
| 5 Jun 2025 | 8-K | 3 Jun 2025 | ||
| 19 May 2025 | SD | – | ||
| 9 May 2025 | S-8 | – | ||
| 9 May 2025 | 10-Q | 31 Mar 2025 | ||
| 8 May 2025 | 8-K | 8 May 2025 | ||
| 24 Apr 2025 | DEFA14A | – | ||
| 24 Apr 2025 | DEF 14A | 13 Jun 2025 | ||
| 24 Apr 2025 | ARS | 31 Dec 2024 | ||
| 26 Feb 2025 | 10-K | 31 Dec 2024 | ||
| 19 Feb 2025 | 8-K | 19 Feb 2025 | ||
| 14 Feb 2025 | 8-K | 12 Feb 2025 | ||
| 8 Nov 2024 | 10-Q | 30 Sep 2024 | ||
| 7 Nov 2024 | 8-K | 7 Nov 2024 | ||
| 7 Aug 2024 | 10-Q | 30 Jun 2024 | ||
| 6 Aug 2024 | 8-K | 6 Aug 2024 | ||
| 5 Jul 2024 | 8-K | 3 Jul 2024 | ||
| 25 Jun 2024 | 8-K | 20 Jun 2024 | ||
| 10 Jun 2024 | 8-K | 6 Jun 2024 | ||
| 29 May 2024 | SD | – | ||
| 8 May 2024 | S-8 | – | ||
| 8 May 2024 | 10-Q | 31 Mar 2024 | ||
| 7 May 2024 | 8-K | 7 May 2024 | ||
| 23 Apr 2024 | DEFA14A | – | ||
| 23 Apr 2024 | DEF 14A | 6 Jun 2024 | ||
| 23 Apr 2024 | ARS | 31 Dec 2023 | ||
| 11 Apr 2024 | PRE 14A | 6 Jun 2024 | ||
| 27 Feb 2024 | 10-K | 31 Dec 2023 | ||
| 15 Feb 2024 | 8-K | 15 Feb 2024 | ||
| 8 Nov 2023 | 10-Q | 30 Sep 2023 | ||
| 7 Nov 2023 | 8-K | 7 Nov 2023 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months, with the shares they held after.
| 5 Oct 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 7,623 | $30.19 | $230.2K | 77,424 | 6 Oct 2026 |
| 2 Oct 2026 | Gomez ElenaPresident, CFO | Sale outside a trading plan | 11,886 | $29.35 | $348.9K | 171,957 | 5 Oct 2026 |
| 2 Oct 2026 | Fredette StephenPresident | Sale outside a trading plan | 9,368 | $29.35 | $275.0K | 941,692 | 5 Oct 2026 |
| 2 Oct 2026 | Narang AmanCEO | Sale outside a trading plan | 14,713 | $29.35 | $431.9K | 86,543 | 5 Oct 2026 |
| 2 Oct 2026 | Elworthy Brian RGeneral Counsel | Sale outside a trading plan | 6,507 | $29.35 | $191.0K | 204,023 | 5 Oct 2026 |
| 2 Oct 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 6,808 | $29.35 | $199.8K | 77,424 | 5 Oct 2026 |
| 2 Oct 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 6,657 | $30.03 | $199.9K | 77,424 | 5 Oct 2026 |
| 2 Sep 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 5,100 | $33.54 | $171.1K | 79,146 | 4 Sep 2026 |
| 2 Sep 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 9,180 | $34.09 | $313.0K | 69,966 | 4 Sep 2026 |
| 21 Aug 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 85,280 | $36.34 | $3.1M | 69,966 | 25 Aug 2026 |
| 19 Aug 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 13,931 | $36.01 | $501.7K | 69,966 | 21 Aug 2026 |
| 11 Aug 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 13,797 | $36.01 | $496.9K | 69,966 | 13 Aug 2026 |
| 10 Aug 2026 | Narang AmanCEO | Sale under a trading plan | 119,843 | $35.38 | $4.2M | 0 | 11 Aug 2026 |
| 10 Aug 2026 | Gomez ElenaPresident, CFO | Sale under a trading plan | 5,761 | $35.37 | $203.8K | 160,150 | 11 Aug 2026 |
| 7 Aug 2026 | Narang AmanCEO | Sale under a trading plan | 42,105 | $35.13 | $1.5M | 119,843 | 11 Aug 2026 |
| 7 Aug 2026 | Gomez ElenaPresident, CFO | Sale under a trading plan | 2,163 | $35.10 | $75.9K | 165,911 | 11 Aug 2026 |
| 6 Aug 2026 | Narang AmanCEO | Sale under a trading plan | 13,510 | $35.02 | $473.1K | 161,948 | 7 Aug 2026 |
| 6 Aug 2026 | Gomez ElenaPresident, CFO | Sale under a trading plan | 900 | $35.02 | $31.5K | 168,074 | 7 Aug 2026 |
| 5 Aug 2026 | Narang AmanCEO | Sale under a trading plan | 124,458 | $35.29 | $4.4M | 175,542 | 7 Aug 2026 |
| 5 Aug 2026 | Narang AmanCEO | Sale under a trading plan | 84 | $36.11 | $3.0K | 175,458 | 7 Aug 2026 |
| 5 Aug 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 4,700 | $36.02 | $169.3K | 69,966 | 7 Aug 2026 |
| 5 Aug 2026 | Gomez ElenaPresident, CFO | Sale under a trading plan | 15,976 | $35.28 | $563.7K | 169,174 | 7 Aug 2026 |
| 5 Aug 2026 | Gomez ElenaPresident, CFO | Sale under a trading plan | 200 | $36.11 | $7.2K | 168,974 | 7 Aug 2026 |
| 4 Aug 2026 | Niola RossanaPrincipal Accounting Officer | Sale outside a trading plan | 2,298 | $33.45 | $76.9K | 4,306 | 5 Aug 2026 |
| 3 Aug 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 14,280 | $32.89 | $469.6K | 69,966 | 4 Aug 2026 |
| 14 Jul 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 2,000 | $30.02 | $60.0K | 69,966 | 15 Jul 2026 |
| 13 Jul 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 9,170 | $30.19 | $276.9K | 69,966 | 15 Jul 2026 |
| 7 Jul 2026 | Vassil JonathanChief Revenue Officer | Sale under a trading plan | 3,150 | $30.03 | $94.6K | 69,966 | 9 Jul 2026 |
| 2 Jul 2026 | Vassil JonathanChief Revenue Officer | Sale outside a trading plan | 6,647 | $28.85 | $191.8K | 69,966 | 6 Jul 2026 |
| 2 Jul 2026 | Narang AmanCEO | Sale outside a trading plan | 14,365 | $28.85 | $414.4K | 70,451 | 6 Jul 2026 |
| 2 Jul 2026 | Elworthy Brian RGeneral Counsel | Sale outside a trading plan | 6,352 | $28.85 | $183.2K | 196,909 | 6 Jul 2026 |
| 2 Jul 2026 | Fredette StephenPresident | Sale outside a trading plan | 9,146 | $28.85 | $263.9K | 931,449 | 6 Jul 2026 |
| 2 Jul 2026 | Gomez ElenaPresident, CFO | Sale outside a trading plan | 11,605 | $28.85 | $334.8K | 185,150 | 6 Jul 2026 |
| 29 May 2026 | Elworthy Brian RGeneral Counsel | Sale under a trading plan | 92,864 | $25.85 | $2.4M | 204,778 | 2 Jun 2026 |
| 29 May 2026 | Elworthy Brian RGeneral Counsel | Sale under a trading plan | 15,136 | $26.15 | $395.9K | 189,642 | 2 Jun 2026 |
| 9 Jan 2025 | Patrick Deval LDirector | Sale outside a trading plan | 1,667 | $36.95 | $61.6K | 45,815 | 23 Apr 2026 |
| 2 Apr 2026 | Vassil JonathanChief Revenue Officer | Sale outside a trading plan | 6,438 | $26.19 | $168.6K | 146,618 | 3 Apr 2026 |
| 2 Apr 2026 | Elworthy Brian RGeneral Counsel | Sale outside a trading plan | 3,664 | $26.19 | $95.9K | 243,642 | 3 Apr 2026 |
| 2 Apr 2026 | Fredette StephenPresident | Sale outside a trading plan | 7,289 | $26.19 | $190.9K | 920,985 | 3 Apr 2026 |
| 2 Apr 2026 | Gomez ElenaPresident, CFO | Sale outside a trading plan | 8,929 | $26.19 | $233.8K | 173,064 | 3 Apr 2026 |
| 2 Apr 2026 | Narang AmanCEO | Sale outside a trading plan | 13,463 | $26.19 | $352.6K | 54,013 | 3 Apr 2026 |
| 12 Mar 2026 | Chapman-Hughes SusanDirector | Sale outside a trading plan | 8,500 | $28.97 | $246.2K | 14,530 | 13 Mar 2026 |
| 3 Feb 2026 | Vassil JonathanChief Revenue Officer | Sale outside a trading plan | 1,454 | $30.34 | $44.1K | 139,893 | 4 Feb 2026 |
| 3 Feb 2026 | Narang AmanCEO | Sale outside a trading plan | 1,648 | $30.34 | $50.0K | 340,723 | 4 Feb 2026 |
| 3 Feb 2026 | Gomez ElenaPresident, CFO | Sale outside a trading plan | 1,437 | $30.34 | $43.6K | 164,629 | 4 Feb 2026 |
| 3 Feb 2026 | Fredette StephenPresident | Sale outside a trading plan | 1,060 | $30.34 | $32.2K | 913,067 | 4 Feb 2026 |
| 3 Feb 2026 | Elworthy Brian RGeneral Counsel | Sale outside a trading plan | 648 | $30.34 | $19.7K | 237,261 | 4 Feb 2026 |
| 5 Jan 2026 | Elworthy Brian RGeneral Counsel | Sale outside a trading plan | 3,303 | $34.38 | $113.5K | 235,757 | 6 Jan 2026 |
| 5 Jan 2026 | Fredette StephenPresident | Sale outside a trading plan | 4,866 | $34.38 | $167.3K | 910,606 | 6 Jan 2026 |
| 5 Jan 2026 | Gomez ElenaPresident, CFO | Sale outside a trading plan | 6,672 | $34.38 | $229.4K | 162,153 | 6 Jan 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| 5 Oct 2026 | Vassil JonathanOfficer | 7,623 | $230.2K | 5 Oct 2026 |
| 2 Oct 2026 | Elworthy Brian ROfficer | 6,507 | $191.0K | 2 Oct 2026 |
| 2 Oct 2026 | Vassil JonathanOfficer | 6,808 | $199.8K | 2 Oct 2026 |
| 2 Oct 2026 | Vassil JonathanOfficer | 6,657 | $199.9K | 2 Oct 2026 |
| 2 Oct 2026 | Fredette StephenOfficer, Director | 9,368 | $275.0K | 2 Oct 2026 |
| 2 Oct 2026 | Gomez ElenaOfficer | 11,886 | $348.9K | 2 Oct 2026 |
| 2 Oct 2026 | Narang AmanOfficer, Director | 14,713 | $431.9K | 2 Oct 2026 |
| 2 Sep 2026 | Vassil JonathanOfficer | 14,280 | $468.2K | 2 Sep 2026 |
| 21 Aug 2026 | Vassil JonathanOfficer | 85,280 | $3.1M | 21 Aug 2026 |
| 19 Aug 2026 | Vassil JonathanOfficer | 13,931 | $501.7K | 19 Aug 2026 |
| 11 Aug 2026 | Vassil JonathanOfficer | 13,797 | $496.9K | 11 Aug 2026 |
| 10 Aug 2026 | Gomez ElenaOfficer | 5,761 | $203.8K | 10 Aug 2026 |
| 10 Aug 2026 | Narang AmanOfficer, Director | 119,843 | $4.2M | 10 Aug 2026 |
| 7 Aug 2026 | Gomez ElenaOfficer | 2,163 | $75.9K | 7 Aug 2026 |
| 7 Aug 2026 | Narang AmanOfficer, Director | 42,105 | $1.5M | 7 Aug 2026 |
| 6 Aug 2026 | Gomez ElenaOfficer | 900 | $31.5K | 6 Aug 2026 |
| 6 Aug 2026 | Narang AmanOfficer, Director | 13,510 | $473.1K | 6 Aug 2026 |
| 5 Aug 2026 | Vassil JonathanOfficer | 4,700 | $169.3K | 5 Aug 2026 |
| 5 Aug 2026 | Gomez ElenaOfficer | 16,176 | $570.9K | 5 Aug 2026 |
| 5 Aug 2026 | Narang AmanOfficer, Director | 124,542 | $4.4M | 5 Aug 2026 |
| 3 Aug 2026 | Vassil JonathanOfficer | 14,280 | $467.0K | 3 Aug 2026 |
| 14 Jul 2026 | Vassil JonathanOfficer | 2,000 | $60.0K | 14 Jul 2026 |
| 13 Jul 2026 | Vassil JonathanOfficer | 9,170 | $276.9K | 13 Jul 2026 |
| 7 Jul 2026 | Vassil JonathanOfficer | 3,150 | $94.6K | 7 Jul 2026 |
| 2 Jul 2026 | Elworthy Brian ROfficer | 6,352 | $183.3K | 2 Jul 2026 |
| 2 Jul 2026 | Vassil JonathanOfficer | 6,647 | $191.8K | 2 Jul 2026 |
| 2 Jul 2026 | Fredette StephenOfficer, Director | 9,146 | $263.9K | 2 Jul 2026 |
| 2 Jul 2026 | Gomez ElenaOfficer | 11,605 | $334.8K | 2 Jul 2026 |
| 2 Jul 2026 | Narang AmanOfficer, Director | 14,365 | $414.4K | 2 Jul 2026 |
| 29 May 2026 | Elworthy Brian ROfficer | 108,000 | $2.8M | 29 May 2026 |
| 2 Apr 2026 | Elworthy Brian ROfficer | 3,664 | $95.9K | 2 Apr 2026 |
| 2 Apr 2026 | Vassil JonathanOfficer | 6,438 | $168.6K | 2 Apr 2026 |
| 2 Apr 2026 | Fredette StephenOfficer, Director | 7,289 | $190.9K | 2 Apr 2026 |
| 2 Apr 2026 | Gomez ElenaOfficer | 8,929 | $243.8K | 2 Apr 2026 |
| 2 Apr 2026 | Narang AmanOfficer, Director | 13,463 | $352.6K | 2 Apr 2026 |
| 12 Mar 2026 | Chapman-Hughes SusanDirector | 8,500 | $246.2K | 12 Mar 2026 |
| 3 Feb 2026 | Elworthy Brian ROfficer | 648 | $19.7K | 3 Feb 2026 |
| 3 Feb 2026 | Fredette StephenOfficer, Director | 1,060 | $32.2K | 3 Feb 2026 |
| 3 Feb 2026 | Gomez ElenaOfficer | 1,437 | $43.6K | 3 Feb 2026 |
| 3 Feb 2026 | Vassil JonathanOfficer | 1,454 | $44.1K | 3 Feb 2026 |
| 3 Feb 2026 | Narang AmanOfficer, Director | 1,648 | $50.0K | 3 Feb 2026 |
| 5 Jan 2026 | Elworthy Brian ROfficer | 3,303 | $113.5K | 5 Jan 2026 |
| 5 Jan 2026 | Vassil JonathanOfficer | 4,787 | $164.6K | 5 Jan 2026 |
| 5 Jan 2026 | Fredette StephenOfficer, Director | 4,866 | $167.3K | 5 Jan 2026 |
| 5 Jan 2026 | Gomez ElenaOfficer | 6,672 | $229.4K | 5 Jan 2026 |
| 5 Jan 2026 | Narang AmanOfficer, Director | 8,591 | $295.3K | 5 Jan 2026 |
| 2 Jan 2026 | Vassil JonathanOfficer | 66,390 | $2.4M | 2 Jan 2026 |
| 4 Nov 2025 | Elworthy Brian ROfficer | 1,059 | $37.6K | 4 Nov 2025 |
| 4 Nov 2025 | Vassil JonathanOfficer | 1,442 | $51.2K | 4 Nov 2025 |
| 4 Nov 2025 | Narang AmanOfficer, Director | 1,732 | $61.6K | 4 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| 5 Oct 2026 | BlackRock, Inc. | 13G amended | 10% | 51.5M |
| 30 Jul 2026 | BlackRock, Inc. | 13G | 9.3% | 47.9M |
| 15 May 2026 | Technology Investment Dining Group, LLC | 13G amended | 4.34% | 22.4M |
| 14 May 2026 | Capital International Investors | 13G amended | 5.9% | 30.7M |
| 27 Apr 2026 | BlackRock, Inc. | 13G amended | 4.98% | 26.1M |
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 21 Jan 2026 | BlackRock, Inc. | 13G | 5.1% | 26.0M |
| 14 Nov 2025 | Technology Investment Dining Group, LLC | 13G amended | 6.35% | 32.7M |
Trades by members of the House
From each member's periodic transaction report: the amount is the band the report gives.
| 8 Jul 2026 | Thomas H. KeanNJ07 | Purchase | $1,001 - $15,000 | Self | 18 Aug 2026 |
Short interest
Shares sold short and not yet bought back, on every FINRA settlement date.
| 30 Sep 2026 | 34.3M | +8.35% | 3.74 |
| 15 Sep 2026 | 31.6M | +10.35% | 4.34 |
| 31 Aug 2026 | 28.7M | -8.56% | 3.15 |
| 14 Aug 2026 | 31.3M | -8.62% | 2.86 |
| 31 Jul 2026 | 34.3M | -15.88% | 3.57 |
| 15 Jul 2026 | 40.8M | -7.79% | 3.93 |
| 30 Jun 2026 | 44.2M | +4.02% | 2.34 |
| 15 Jun 2026 | 42.5M | -3.85% | 4.18 |
| 29 May 2026 | 44.2M | +24.73% | 3.44 |
| 15 May 2026 | 35.5M | +12.2% | 2.3 |
Funds that hold it
Every fund's holding from its latest Form 13F, largest first, with what it added or trimmed in the quarter.
Funds holding
887
quarter to 30 Jun 2026
Added or new
392
since 31 Mar 2026
Trimmed
247
in the quarter
Largest holder
BlackRock, Inc.
$1.4B
| BlackRock, Inc. | $1.4B | 48.7M | +21.6M | Added | 0.02% | Filing ↗ |
| FMR LLC | $932.8M | 33.5M | +1.8M | Added | 0.04% | Filing ↗ |
| Capital International Investors | $744.0M | 26.7M | -3.9M | Trimmed | 0.15% | Filing ↗ |
| Vanguard Portfolio Management LLC | $614.4M | 22.1M | +1.8M | Added | 0.03% | Filing ↗ |
| Vanguard Capital Management LLC | $609.4M | 21.9M | -157.6K | Trimmed | 0.01% | Filing ↗ |
| JPMorgan Chase & Co. | $475.0M | 16.8M | +59.6K | Added | 0.03% | Filing ↗ |
| State Street Corp. | $469.8M | 16.9M | +6.7M | Added | 0.01% | Filing ↗ |
| Principal Financial Group Inc. | $421.9M | 15.2M | +7.2M | Added | 0.21% | Filing ↗ |
| ValueAct Holdings, L.P. | $393.2M | 14.1M | +1.2M | Added | 6.98% | Filing ↗ |
| Morgan Stanley | $316.9M | 11.4M | -266.9K | Trimmed | 0.02% | Filing ↗ |
| Geode Capital Management, LLC | $289.8M | 9.8M | +768.7K | Added | 0.01% | Filing ↗ |
| AllianceBernstein L.P. | $288.8M | 10.9M | -7.3M | Trimmed | 0.10% | Filing ↗ |
| Balyasny Asset Management L.P. | $198.3M | 7.1M | +4.9M | Added | 0.37% | Filing ↗ |
| Citadel Advisors LLC | $191.0M | 6.9M | +6.3M | Added | 0.11% | Filing ↗ |
| Sumitomo Mitsui Trust Group, Inc. | $190.9M | 6.9M | +2.0K | Held | 0.11% | Filing ↗ |
| Price T Rowe Associates Inc. | $176.6M | 6.3M | +1.8M | Added | 0.02% | Filing ↗ |
| UBS Group AG | $161.8M | 5.8M | -767.5K | Trimmed | 0.03% | Filing ↗ |
| Norges Bank | $160.4M | 5.8M | – | Held | 0.02% | Filing ↗ |
| Bank of America Corp. | $142.2M | 5.1M | +245.5K | Added | 0.01% | Filing ↗ |
| BNP Paribas Asset Management Holding S.A. | $132.0M | 4.7M | +96.4K | Added | 0.13% | Filing ↗ |
| XN LP | $122.1M | 4.4M | -2.1M | Trimmed | 3.21% | Filing ↗ |
| Goldman Sachs Group Inc. | $117.8M | 4.2M | +1.4M | Added | 0.01% | Filing ↗ |
| Northern Trust Corp. | $114.4M | 4.1M | +1.2M | Added | 0.01% | Filing ↗ |
| Arrowstreet Capital, Limited Partnership | $112.8M | 4.1M | +591.6K | Added | 0.05% | Filing ↗ |
| Gilder Gagnon Howe & Co. LLC | $110.1M | 4.0M | -112.1K | Trimmed | 1.14% | Filing ↗ |
| Amova Asset Management Americas, Inc. | $104.9M | 3.8M | -48.8K | Trimmed | 1.35% | Filing ↗ |
| HMI Capital Management, L.P. | $97.5M | 3.5M | -310.2K | Trimmed | 14.21% | Filing ↗ |
| Amundi | $97.3M | 3.5M | +168.5K | Added | 0.02% | Filing ↗ |
| Meritage Group LP | $95.5M | 3.4M | +21.8K | Added | 3.68% | Filing ↗ |
| Nordea Investment Management AB | $91.4M | 3.3M | +1.1M | Added | 0.07% | Filing ↗ |
| Charles Schwab Investment Management Inc. | $85.1M | 3.1M | +321.8K | Added | 0.01% | Filing ↗ |
| Vanguard Fiduciary Trust Co. | $85.0M | 3.1M | +16.4K | Added | 0.02% | Filing ↗ |
| Lead Edge Capital Management, LLC | $84.1M | 3.0M | +1.7M | Added | 15.27% | Filing ↗ |
| Jennison Associates LLC | $76.0M | 2.7M | -495.7K | Trimmed | 0.05% | Filing ↗ |
| Federated Hermes, Inc. | $74.9M | 2.7M | -362.4K | Trimmed | 0.11% | Filing ↗ |
| Bank of New York Mellon Corp | $72.3M | 2.6M | +1.1M | Added | 0.01% | Filing ↗ |
| American Century Companies Inc. | $69.5M | 2.5M | -99.4K | Trimmed | 0.03% | Filing ↗ |
| Eventide Asset Management, LLC | $69.4M | 2.5M | +6.0K | Added | 0.93% | Filing ↗ |
| Wellington Management Group LLP | $68.3M | 2.5M | +1.4M | Added | 0.01% | Filing ↗ |
| Wells Fargo & Company | $61.7M | 2.2M | +1.2M | Added | 0.01% | Filing ↗ |
| Stephens Investment Management Group LLC | $60.4M | 2.2M | +161.4K | Added | 0.65% | Filing ↗ |
| Edmond De Rothschild Holding S.a. | $58.8M | 2.1M | +50.0K | Added | 0.78% | Filing ↗ |
| Citigroup Inc. | $57.3M | 2.1M | +716.3K | Added | 0.03% | Filing ↗ |
| UBS AM, a distinct business unit of UBS Asset Management Americas LLC | $55.4M | 2.0M | +149.7K | Added | 0.01% | Filing ↗ |
| Zevenbergen Capital Investments LLC | $55.4M | 2.0M | +217.4K | Added | 1.27% | Filing ↗ |
| Junto Capital Management LP | $54.3M | 2.0M | +2.0M | New | 1.00% | Filing ↗ |
| Assenagon Asset Management S.A. | $54.0M | 1.9M | – | Held | 0.04% | Filing ↗ |
| Renaissance Technologies LLC | $53.8M | 1.9M | -2.4M | Trimmed | 0.07% | Filing ↗ |
| ARK Investment Management LLC | $51.7M | 1.9M | +49.1K | Added | 0.34% | Filing ↗ |
| BNP Paribas Financial Markets | $49.5M | 1.8M | -300.9K | Trimmed | 0.03% | Filing ↗ |
Executive pay and performance
What the chief executive and the other named officers were paid, as reported and as actually paid, next to the shareholder return and net income, from each proxy's pay-versus-performance table.
| Fiscal year | CEO pay, as reported | CEO pay, actually paid | Other officers, as reported (average) | Other officers, actually paid (average) | Shareholder return, $100 | Peer return, $100 | Net income | Adjusted EBITDA | Proxy |
|---|---|---|---|---|---|---|---|---|---|
| FY ending 31 Dec 2025 | $10.7M | $10.7M | $4.9M | $4.9M | $57 | $209 | $342.0M | $633.0M | DEF 14A 23 Apr 2026 |
| FY ending 31 Dec 2024 | $11.3M | $23.9M | $4.9M | $16.3M | $58 | $170 | $19.0M | $373.0M | DEF 14A 23 Apr 2026 |
| FY ending 31 Dec 2023 | $8.6M | $10.9M | $4.4M | $5.7M | $29 | $125 | $-246.0M | $61.0M | DEF 14A 23 Apr 2026 |
| FY ending 31 Dec 2022 | $8.2M | $-14.1M | $3.7M | $-17.1M | $29 | $80 | $-275.0M | $-115.0M | DEF 14A 23 Apr 2026 |
| FY ending 31 Dec 2021 | $2.5M | $97.4M | $5.6M | $58.7M | $56 | $113 | $-487.0M | $-42.0M | DEF 14A 23 Apr 2026 |
Each year from the newest proxy that reports it. Pay actually paid follows the SEC's definition and can be below zero when share awards fall in value. n the proxy's net income differs from the 10-K or was tagged without its scale: hover for which.
Shareholder votes
The vote count on every proposal at each meeting, from the company's 8-K.
| Proposal | For | Against or withheld | Abstain | Broker non-votes | For, % of for and against | Result |
|---|---|---|---|---|---|---|
| Proposal 1 (the filing doesn't name it) | ||||||
| Kent Bennett | 921,086,317 | 87,551,677 | – | 89,581,415 | 91.3% | – |
| Susan Chapman-Hughes | 942,757,831 | 65,880,163 | – | 89,581,415 | 93.5% | – |
| Mark Hawkins | 1,001,250,314 | 7,387,680 | – | 89,581,415 | 99.3% | – |
| Proposal 2 (the filing doesn't name it) | ||||||
| All shares voting | 1,097,087,998 | 503,819 | 627,592 | 0 | 100.0% | – |
| Proposal 3 (the filing doesn't name it) | ||||||
| All shares voting | 949,420,214 | 58,564,187 | 653,593 | 89,581,415 | 94.2% | – |
Counts as the company reports them in its 8-K. A result shows when the filing states one. Meetings since 2023.
Dividends and buybacks
Dividend per share, the cash paid and the shares bought back, each fiscal year.
This company has paid no dividend in the years held.
Peers
Companies in the same industry, largest first, on the same measures.
| Company | Market value | Revenue, 12 months | Revenue growth | Operating margin | Net margin | ROE | P/E | EV/EBITDA |
|---|---|---|---|---|---|---|---|---|
| Toast, Inc.this company | $19.3B | $6.8B | 23.0% | 6.3% | 7.1% | 23.8% | 41.9× | 37.9× |
| Automatic Data Processing Inc. | $121.0B | $21.9B | 6.7% | 24.2% | 20.1% | 73.2% | 27.8× | 20.6× |
| Workday, Inc. | $51.7B | $10.2B | 13.3% | 10.7% | 12.3% | 19.4% | 42.6× | – |
| Reddit, Inc. | $29.1B | $2.8B | 66.6% | 28.2% | 31.3% | 26.5% | 33.5× | 34.5× |
| Verisk Analytics, Inc. | $25.5B | $3.1B | 5.0% | 43.9% | 28.2% | – | 30.1× | 18.0× |
| RingCentral, Inc. | $7.3B | $2.6B | 5.5% | 7.5% | 25.3% | – | 11.0× | 19.4× |
| Pegasystems Inc. | $6.0B | $1.7B | 0.9% | 9.9% | 16.9% | 53.7% | 22.6× | 30.9× |
| Bilibili Inc. | $5.6B | $4.2B | 13.1% | 3.7% | 3.9% | 7.7% | 32.9× | – |
| Life360, Inc. | $3.7B | $572.6M | 34.0% | 1.1% | 25.7% | 24.0% | 26.2× | 148.1× |
| First Advantage Corp. | $3.6B | $1.7B | 32.9% | 10.7% | 1.5% | 1.9% | 151.7× | 18.8× |
| CarGurus, Inc. | $2.9B | $967.3M | 13.9% | – | 18.2% | 66.6% | 17.1× | – |
What the company does
Toast is a cloud-based technology platform built for restaurants and food and beverage retailers. It sells software-as-a-service products and financial technology solutions, including integrated payment processing, its own restaurant hardware and connections to third-party partners, covering dine-in, takeout, delivery, catering and retail. It was incorporated in Delaware in December 2011 as Opti Systems, took the name Toast in May 2012, and has its principal executive offices in Boston, Massachusetts.
Customers
The company counts a location as live when it has used Toast's point-of-sale software to record transactions above a minimum threshold and has not churned. At December 31, 2025 approximately 164,000 locations were on the platform. The company estimates that its U.S. restaurant locations make up approximately 20% of the U.S. restaurant market. It serves operators from small and mid-sized restaurants to multi-location and enterprise customers, and the filing describes small and growing investments in selling outside the United States and to food and beverage retailers such as convenience stores, bottle shops and grocery stores.
Free for your personal research, with credit and a link. For API access, bulk files or commercial use, tell us what you need. The data licence