For the year ending 2025-12-31, TOST made $6,153M in revenue. $342M in net income. Net profit margin of 5.56%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenue | 6,153 | 4,960 | 3,865 | 2,731 |
| Cost of revenue-License | 264 | 219 | 166 | 112 |
| Cost of revenue-Technology Service | 3,891 | 3,175 | 2,503 | 1,792 |
| Cost of revenue-Product | - | - | - | 215 |
| Cost of revenue-Professional Services | - | - | - | 96 |
| Cost of revenue-Product And Professional Services | 400 | 371 | 357 | - |
| Amortization of acquired intangible assets | 5 | 5 | 5 | 5 |
| Total costs of revenue | 4,560 | 3,770 | 3,031 | 2,220 |
| Gross profit | 1,593 | 1,190 | 834 | 511 |
| Sales and marketing | 571 | 470 | 401 | 319 |
| Research and development | 374 | 351 | 358 | 282 |
| General and administrative | 344 | 307 | 362 | 294 |
| Restructuring expenses | 12 | 46 | - | - |
| Total operating expenses | 1,301 | 1,174 | 1,121 | 895 |
| Income (loss) from operations | 292 | 16 | -287 | -384 |
| Interest income, net | 51 | 42 | 37 | 11 |
| Change in fair value of warrant liability | -3 | 49 | -3 | -95 |
| Change in fair value of derivative liability | - | - | 0 | 0 |
| Loss on debt extinguishment | - | - | 0 | 0 |
| Other income, net | 0 | 13 | 3 | 1 |
| Income (loss) before income taxes | 346 | 22 | -244 | -277 |
| Income tax (expense) benefit | 4 | 3 | 2 | -2 |
| Net income (loss) | 342 | 19 | -246 | -275 |
| Basic (in dollars per share) | 0.59 | 0.03 | -0.46 | -0.54 |
| Basic (in shares) | 582,000,000 | 559,000,000 | 532,000,000 | 511,754,986 |
| Diluted (in dollars per share) | 0.56 | 0.03 | -0.47 | -0.72 |
| Diluted (in shares) | 607,000,000 | 591,000,000 | 533,000,000 | 512,243,106 |
Toast, Inc. (TOST)
Toast, Inc. (TOST)