Toast, Inc.

For the period ended Sep 30, 2026. Filed Nov 4, 2026.

About 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

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Contents

Condensed Consolidated Statements of Operations

(in millions, except per share amounts)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Revenue:
Subscription services	$317	$244	$875	$680
Financial technology solutions	1,619	1,345	4,512	3,703
Hardware and professional services	45	44	132	137
Total revenue	1,981	1,633	5,519	4,520
Costs of revenue:
Subscription services	67	67	191	197
Financial technology solutions	1,239	1,032	3,461	2,855
Hardware and professional services	130	101	357	295
Amortization of acquired intangible assets	2	1	4	3
Total costs of revenue	1,438	1,201	4,013	3,350
Gross profit	543	432	1,506	1,170
Operating expenses:
Sales and marketing	171	144	493	418
Research and development	103	102	309	277
General and administrative	98	102	271	260
Restructuring expenses	6	—	6	8
Total operating expenses	378	348	1,079	963
Operating income	165	84	427	207
Other income:
Interest income, net	12	13	36	36
Change in fair value of warrant liability	(1)	7	6	2
Income before taxes	176	104	469	245
Income tax (expense) benefit	(7)	1	(20)	(4)
Net income	$169	$105	$449	$241
Earnings per share:
Basic	$0.29	$0.18	$0.77	$0.42
Diluted	$0.29	$0.16	$0.74	$0.39
Weighted-average shares used in computing earnings per share:
Basic	579	585	581	580
Diluted	592	609	595	606

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.