To the full analysis
Toast stock: growth
TOSTToast reported $6.15B in revenue for fiscal 2025, up 24.1% on the prior year, up 49.5% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
44.9%
per year from 2019 to 2025, per share 39.4%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2019 | |
|---|---|---|
| Revenue | 49.5% | 44.9% |
| Revenue per share | 42.7% | 39.4% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | no data | no data |
| Free cash flow per share | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2019 | $665M | −$209M | −$141M |
| 2020 | $823M | −$248M | −$161M |
| 2021 | $1.71B | −$487M | −$17M |
| 2022 | $2.73B | −$275M | −$189M |
| 2023 | $3.87B | −$246M | $93M |
| 2024 | $4.96B | $19M | $306M |
| 2025 | $6.15B | $342M | $608M |
Revenue by segment
How Toast, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Technology Service82%
- License15%
- Other3%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| Technology Service | $1.41B | $2.27B | $3.19B | $4.05B | $5.04B | 81.9% |
| License | $169M | $324M | $500M | $706M | $936M | 15.2% |
| Other | $130M | $139M | $176M | $201M | $180M | 2.9% |
| Total revenue | $1.71B | $2.73B | $3.87B | $4.96B | $6.15B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 20 Feb 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.