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TO

Toast, Inc.

TOSTTechnologyNASDAQ

Software - Infrastructure

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Financials · Annual
Revenue
$6.15B
+24.1% YoY
Net Income
$342.0M
+1700.0% YoY
EBITDA
$368.0M
+240.7% YoY
Free Cash Flow
$588.1M

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About Toast, Inc.

Part of the technology sector, Toast, Inc. (TOST) is listed under Software - Infrastructure. The $15.28B market capitalization puts TOST squarely in large-cap range for its industry. 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.

Key stats
Market Cap$15.28B
P/E (TTM)39.33
Fwd P/E15.52
EPS$0.67
Beta1.82
52W Change-37.0%
ROE22.5%
Analysis

With $1.77B in cash and $17.0M in debt, TOST maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Annual free cash flow of $588.1M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 22.5% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 8.1% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $2.73B (2022) to $6.15B (2025), reflecting a 125% increase over the period.

A beta of 1.82 means TOST is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. With cash comfortably exceeding debt, TOST has financial flexibility that may help navigate uncertain periods. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Toast, Inc. and its sector.

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