Toast, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
View on SEC.govAbout this filing
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, 2026 · Filed Nov 4, 2026
TOST$34.52-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(unaudited) (in millions)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $449 | $241 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 34 | 48 |
| Stock-based compensation expense | 158 | 186 |
| Amortization of deferred contract acquisition costs | 74 | 73 |
| Credit loss expense | 87 | 66 |
| Stock-based charitable contribution expense | 5 | 6 |
| Other non-cash items | (2) | 5 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (32) | (20) |
| Other current assets | (31) | (22) |
| Deferred contract acquisition costs | (148) | (109) |
| Inventories, net | (131) | 14 |
| Accounts payable | 3 | 11 |
| Accrued expenses and other current liabilities | 5 | (23) |
| Deferred revenue | 8 | 6 |
| Other assets and liabilities | (5) | (15) |
| Net cash provided by operating activities | 474 | 467 |
| Cash flows from investing activities: | ||
| Capital expenditures | (48) | (37) |
| Purchases of marketable securities | (457) | (371) |
| Proceeds from the sale of marketable securities | 115 | 135 |
| Maturities of marketable securities | 296 | 253 |
| Purchases of loans classified as held for investment | (145) | — |
| Proceeds from repayments of loans classified as held for investment | 67 | — |
| Net cash (used in) investing activities | (172) | (20) |
| Cash flows from financing activities: | ||
| Payment of issuance costs of the revolving credit facility | — | (3) |
| Change in customer funds obligations, net | 1 | 49 |
| Proceeds from issuance of common stock | 35 | 78 |
| Cash paid to repurchase Class A common stock | (486) | (54) |
| Net cash provided by (used in) financing activities | (450) | 70 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (2) | 3 |
| Net increase (decrease) in cash, cash equivalents, cash held on behalf of customers and restricted cash | (150) | 520 |
| Cash, cash equivalents, cash held on behalf of customers and restricted cash at beginning of period | 1,583 | 1,085 |
| Cash, cash equivalents, cash held on behalf of customers and restricted cash at end of period | $1,433 | $1,605 |
| Reconciliation of cash, cash equivalents, cash held on behalf of customers and restricted cash | ||
| Cash and cash equivalents | 1,203 | 1,357 |
| Cash held on behalf of customers | 154 | 172 |
| Restricted cash | 76 | 76 |
| Total cash, cash equivalents, cash held on behalf of customers and restricted cash | $1,433 | $1,605 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.