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TOST logo
Toast Inc.
TOST
33.93 (-0.44%) 0.15
Market cap
$19.61(B)
Earnings date
Nov-06-2026
Category
Sector
Financials
Industry
Financial Services
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.
EV: $18.00(B)
Total Equity: $2.04(B)
Debt/Equity: 0.01
Dividend/share: $0.0
Div. yield: 0.00%
P/E: 40.88
Forward P/E: 24.41
P/FCF: 33.93
P/S: 2.92
P/B: 9.58
EPS: $0.8
EPS (fwd): $1.4
FCF/share: $1.0
Revenue/share: $11.6
Book value/share: $3.5
ROIC: 15.7%
ROA: 10.5%
ROE: 15.9%
Margins: Gross | Op. | Net
26.8% | 4.2% | 7.1%
0.0%of Portfolio
My holdings
Day change
Total change
Overview Valuation Growth Financials & KPIsCompetitors & Peer Comparison Ownership ToolsAll
PEvaluation
36%
$21.9
Based on a fair P/E of 9.7x and
forward EPS of $2.26
Valuation summary
Min—
Max—
Average—
Median—
Valuation comparison
Current price$33.9
Quality checklist score
6/8
Based on your selected metrics.
ROIC > 10% Debt/Equity < 1 Current Ratio > 1 Quick Ratio > 1 Past Net Income CAGR > 0% Est. EPS Growth > 5%
5Y Shares Out Change < 0% Net Margin > 10%

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$6.80(B)
Gross profit$1.82(B)
EBITDA$487.00(M)
Net income$486.00(M)
Gross margin26.8%
Operating margin4.2%
Net margin7.1%
Shares outstanding578.00(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$3.18(B)
Current assets$2.65(B)
Total liabilities$1.14(B)
Current liabilities$1.10(B)
Cash & Short-term inv.$1.71(B)
Long-term debt$0
Total intangibles$124.00(M)
PP&E$149.00(M)

Cash flow (TTM)

CFOCFICFF
FCF$576.00(M)
CapEx$-59.00(M)
Dividends paid$0
Stock issued$58.00(M)
Stock repurchased$-562.00(M)
Stock-based comp.$231.00(M)
Debt issued$0
Debt repaid$0

Per share data (TTM)

Price
Price
$33.9
Income
Revenue
$11.6•2.9x|34.3%
Gross profit
$3.15•10.8x|9.3%
Earnings (EPS)
$0.83•40.9x|2.4%
Cash flow
FCF
$1.00•33.9x|2.9%
Stock-based comp.
$0.40•84.9x|1.2%
CapEx
$0.10•332.4x|0.3%
Dividend
$0.00•—|0.0%
Balance sheet
Total assets
$5.50•6.2x|16.2%
Total liabilities
$1.97•17.3x|5.8%
Book value
$3.54•9.6x|10.4%
Cash & ST inv.
$2.96•11.4x|8.7%
Debt
$0.00•—|0.0%
Forward earnings
EPS FY+1
$1.39•24.4x|4.1%
EPS FY+2
$1.73•19.6x|5.1%
EPS FY+3
$2.20•15.4x|6.5%
EPS FY+4
$3.01•11.3x|8.9%
Forward FCF
FCF FY+1
$1.22•27.9x|3.6%
FCF FY+2
$1.55•21.9x|4.6%
FCF FY+3
$1.91•17.8x|5.6%
FCF FY+4
$2.49•13.6x|7.3%

Summary

TOST Valuation & Price Targets

Favorite Valuation Methods

PEvaluation
—
Analyst targets
—
DCF (2-stage)
—

More Valuation Methods

DCF (simple)
—
DCF (exit mult.)
—
DDM
—
EPS growth
—
Revenue growth
—
Peter Lynch FV
—
Graham No.
—

PEvaluation

CURRENT PRICE
$34
36% Overvalued
BEAR
$16
52%
BASE
$22
36%
BULL
$27
19%
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+11.21.41.517
FY+21.41.72.017
FY+31.72.22.611
FY+43.03.03.01

Analyst Price Targets

CURRENT PRICE
$34
15% Undervalued
BEAR
$25
26%
BASE
$39
15%
BULL
$45
33%

Analyst Recommendations

Strong Buy6
Buy15
Hold9
Sell0
Strong Sell0

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
Low
Mid
High
Terminal Growth Rate
Low
Mid
High
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years: 5 Years
Exit FCF Multiple
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Dividend Discount Model

Annual Dividend
First Stage Length (Years): 0 Years
First Stage Growth Rate
Low
Mid
High
Final Growth Rate
Low
Mid
High
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
Low
Mid
High
Final P/E
Low
Mid
High
Discount Rate

Revenue Growth Valuation

Forecast Years: 10 Years
Base Revenue
Revenue Growth Rate
Low
Mid
High
Final Net Margin
Low
Mid
High
Final P/E Ratio
Low
Mid
High
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate
Low
Mid
High

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Low
Mid
High
Government Bond Rate

Growth Estimates

Revenue

CAGR15.9%
TTMFY+1FY+2FY+3FY+4
TTM
$6.80(B)
FY+1
27
10%
$7.47(B)
FY+2
27
18%
$8.84(B)
FY+3
15
17%
$10.38(B)
FY+4
3
18%
$12.26(B)

Net Income

CAGR38.2%
TTMFY+1FY+2FY+3FY+4
TTM
$486.00(M)
FY+1
15
69%
$821.89(M)
FY+2
15
24%
$1.02(B)
FY+3
10
26%
$1.29(B)
FY+4
1
38%
$1.77(B)

EPS

CAGR38.0%
TTMFY+1FY+2FY+3FY+4
TTM
$0.83
FY+1
17
67%
$1.39
FY+2
17
24%
$1.73
FY+3
11
27%
$2.20
FY+4
1
37%
$3.01

FCF per share

CAGR25.6%
TTMFY+1FY+2FY+3FY+4
TTM
$1.00
FY+1
8
22%
$1.22
FY+2
7
27%
$1.55
FY+3
3
23%
$1.91
FY+4
2
31%
$2.49

Historical Financials (in USD)

Income(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.01.0(B)2.0(B)3.0(B)4.0(B)5.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomeOther Non-operating IncomePre-tax incomeIncome tax
Cash flow(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.0200.0(M)400.0(M)
Stock-based Comp. FCFCFONet IncomeD&AChange in Working CapitalCFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.0500.0(M)1.0(B)1.5(B)2.0(B)2.5(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesShort-Term DebtAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)-1.5-1.0-0.50.00.5
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.020.040.060.080.0100.0
P/E P/S EV/EarningsP/FCFP/BDebt/EquityPayout ratio
Margins(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0%5%10%15%20%25%
Net Income Margin Operating Margin Gross MarginEBITDA Margin
Returns(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0%10%20%30%40%50%60%
ROIC ROAROCEROE
Shares outstanding(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.0100.0(M)200.0(M)300.0(M)400.0(M)500.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.05.0(B)10.0(B)15.0(B)20.0(B)25.0(B)
Market Cap.

KPIs

Revenue By Segment(show more...)
12/20223/20236/20239/202312/20233/20246/20249/202412/20243/2025
Hardware Financial Technology Solutions Subscription Services Professional Services

TOST vs Peers

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 5.60%
Institutions: 95.74%

Institutional ownership

9.48% Blackrock Inc.6.52% FMR, LLC5.20% Capital International ...4.30% Vanguard Portfolio Man...4.26% Vanguard Capital Manag...3.29% State Street Corporati...3.28% JPMORGAN CHASE & CO2.95% Principal Financial Gr...2.75% ValueAct Holdings, L.P...2.22% Morgan Stanley51.49% Others

Trading Summary

In the past year, insiders have sold a net of $27.50(M).

Total insider buys: $0.00
Total insider sells: $27.50(M)

In the past year, Congress members have had a net of $0.

Total congressional buys (avg): $0.00
Total congressional sells (avg): $0.00

Based on the reported ranges: buys $0.00–$0.00, sells $0.00–$0.00.

Insider transactions

$0.002026-10$0.00
$0.002026-09$0.00
$16.28(M)2026-08$0.00
$1.82(M)2026-07$0.00
$0.002026-06$0.00
$2.80(M)2026-05$0.00
$1.04(M)2026-04$0.00
$2462452026-03$0.00
$1895672026-02$0.00
$3.35(M)2026-01$0.00
$0.002025-12$0.00
$2838152025-11$0.00
$1.49(M)2025-10$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2026-08-2185,2803,099,07536.3VASSIL JONATHANOfficer
Grant2026-08-2185,2801,480,28617.4VASSIL JONATHANOfficer
Sell2026-08-1913,931501,69736.0VASSIL JONATHANOfficer
Grant2026-08-1913,931241,79417.4VASSIL JONATHANOfficer
Sell2026-08-1113,797496,85836.0VASSIL JONATHANOfficer
Grant2026-08-1113,797239,48517.4VASSIL JONATHANOfficer
Sell2026-08-107,924279,69835.3GOMEZ ELENA CASTANEDAPresident
Sell2026-08-10161,9485,719,07435.3NARANG AMANChief Executive Officer
Sell2026-08-0617,076602,41935.3GOMEZ ELENA CASTANEDAPresident
Sell2026-08-06138,0524,868,78835.3NARANG AMANChief Executive Officer
Sell2026-08-054,700169,30836.0VASSIL JONATHANOfficer
Grant2026-08-054,70081,55117.4VASSIL JONATHANOfficer
Sell2026-08-042,29876,85933.4NIOLA ROSSANAOfficer
Sell2026-08-0314,280469,62632.9VASSIL JONATHANOfficer
Grant2026-08-0314,28031,5592.2VASSIL JONATHANOfficer
Sell2026-07-1411,170336,90630.2VASSIL JONATHANOfficer
Grant2026-07-1411,17024,6862.2VASSIL JONATHANOfficer
Sell2026-07-073,15094,59130.0VASSIL JONATHANOfficer
Grant2026-07-073,1506,9622.2VASSIL JONATHANOfficer
Sell2026-07-0211,605334,79328.8GOMEZ ELENA CASTANEDAPresident
Sell2026-07-0214,365414,41628.8NARANG AMANChief Executive Officer
Sell2026-07-026,352183,24928.8ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2026-07-029,146263,85328.8FREDETTE STEPHENPresident
Sell2026-07-026,647191,75928.8VASSIL JONATHANOfficer
Grant2026-06-125,256130,45424.8PATRICK DEVAL LDirector
Grant2026-06-125,256130,45424.8CHAPMAN-HUGHES SUSANDirector
Sell2026-05-29108,0002,796,03025.9ELWORTHY BRIAN ROBERTGeneral Counsel
Grant2026-05-2954,000119,3402.2ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2026-04-028,929233,82426.2GOMEZ ELENA CASTANEDAPresident
Sell2026-04-023,66495,94926.2ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2026-04-027,289190,87726.2FREDETTE STEPHENPresident
Sell2026-04-026,438168,59226.2VASSIL JONATHANOfficer
Sell2026-04-0213,463352,55626.2NARANG AMANChief Executive Officer
Grant2026-03-13600,75000.0NARANG AMANChief Executive Officer
Sell2026-03-128,500246,24529.0CHAPMAN-HUGHES SUSANDirector
Sell2026-02-031,43743,60630.3GOMEZ ELENA CASTANEDAPresident
Sell2026-02-0364819,66430.3ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2026-02-031,06032,16630.3FREDETTE STEPHENPresident
Sell2026-02-031,45444,12230.3VASSIL JONATHANOfficer
Sell2026-02-031,64850,00930.3NARANG AMANChief Executive Officer
Sell2026-01-056,672229,36334.4GOMEZ ELENA CASTANEDAPresident
Sell2026-01-053,303113,54734.4ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2026-01-054,866167,27834.4FREDETTE STEPHENPresident
Sell2026-01-054,787164,56334.4VASSIL JONATHANOfficer
Sell2026-01-058,591295,33334.4NARANG AMANChief Executive Officer
Grant2026-01-0558,610129,5282.2VASSIL JONATHANOfficer
Sell2026-01-0266,3902,380,74535.9VASSIL JONATHANOfficer
Grant2026-01-0279,555146,7221.8VASSIL JONATHANOfficer
Sell2025-11-042,02171,82435.5GOMEZ ELENA CASTANEDAPresident
Sell2025-11-041,73261,55435.5NARANG AMANChief Executive Officer
Sell2025-11-041,05937,63635.5ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2025-11-041,73261,55435.5FREDETTE STEPHENPresident
Sell2025-11-041,44251,24735.5VASSIL JONATHANOfficer
Sell2025-10-029,054321,99635.6GOMEZ ELENA CASTANEDAPresident
Sell2025-10-0213,652485,52035.6NARANG AMANChief Executive Officer
Sell2025-10-024,987177,35835.6ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2025-10-027,550268,50835.6FREDETTE STEPHENPresident
Sell2025-10-026,530232,23335.6VASSIL JONATHANOfficer

Congressional trading

Congressional trading data not available.

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