The financials
Toast, Inc. by the numbers
Toast, Inc. (TOST) reported revenue of $1.63B in Q1 2026 (quarter ended March 31, 2026), up 22% from the same quarter a year earlier. That came with a gross margin of 27% and net income of $126M (7.7% of revenue). For the full year FY2025, revenue was $6.15B (+24% year on year) and net income $342M. Its largest product in 2026-Q1 was Technology Service at $1.32B, 81% of the disclosed total, just ahead of License at 16%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.63B | $1.34B | +22% |
| Gross profit | $447M | $346M | +29% |
| Operating income | $110M | $43M | +156% |
| Net income | $126M | $56M | +125% |
| Diluted EPS | $0.20 | $0.09 | +122% |
| Product | Revenue | Share |
|---|---|---|
| Technology Service | $1.32B | 81% |
| License | $268M | 16% |
| Product And Professional Services | $39M | 2.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $1.63B (-0.18%)
License grew +28% year on yearProduct And Professional Services -15% year on year
Segment Latestquarter on quarteryear on year
- Technology Service$1.32B$1.32BQoQ -1.6%year on year +22%-1.6%+22%
- License$268.0M$268.0MQoQ +9.8%year on year +28%+9.8%+28%
- Product And Professional Services$39.0M$39.0MQoQ -11%year on year -15%-11%-15%
Software - Infrastructure
Ranks #32 of 78 by Smart Score