Toast, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
TOST$34.52-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in millions, except for number of shares and par value)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $1,357 | $903 |
| Marketable securities | 500 | 514 |
| Accounts receivable, net | 121 | 115 |
| Inventories, net | 104 | 118 |
| Other current assets | 413 | 325 |
| Total current assets | 2,495 | 1,975 |
| Property and equipment, net | 100 | 98 |
| Operating lease right-of-use assets | 23 | 25 |
| Intangible assets, net | 16 | 20 |
| Goodwill | 113 | 113 |
| Restricted cash | 76 | 59 |
| Other non-current assets | 148 | 118 |
| Total non-current assets | 476 | 433 |
| Total assets | $2,971 | $2,408 |
| Liabilities and Stockholders’ Equity: | ||
| Current liabilities: | ||
| Accounts payable | $50 | $37 |
| Deferred revenue | 63 | 59 |
| Accrued expenses and other current liabilities | 798 | 715 |
| Total current liabilities | 911 | 811 |
| Warrants to purchase common stock | 20 | 22 |
| Operating lease liabilities, non-current | 18 | 24 |
| Other long-term liabilities | 8 | 6 |
| Total liabilities | 957 | 863 |
| Commitments and Contingencies (Note 12) | ||
| Stockholders’ Equity: | ||
| Preferred stock, par value $0.000001 per share; 100 million shares authorized; no shares issued or outstanding | — | — |
| Common stock, par value $0.000001 per share:Class A - 7,000 million shares authorized; 514 million and 491 million shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively Class B - 700 million shares authorized; 73 million and 81 million shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | — | — |
| Accumulated other comprehensive income (loss) | 3 | (1) |
| Additional paid-in capital | 3,374 | 3,150 |
| Accumulated deficit | (1,363) | (1,604) |
| Total stockholders’ equity | 2,014 | 1,545 |
| Total liabilities and stockholders’ equity | $2,971 | $2,408 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.