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TOST
Toast Inc.Stock · Technology
$35.22+$1.16 (+3.39%)as of market close, Aug 13, 2026
☾ After hours:$35.22+0.00%3:59 PM ET
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How Toast makes money

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How does Toast make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Toast Inc. · FY2025 · year ended 2025-12-31
Revenue$6.2BGross profit$1.6B · 26%Cost of revenue$4.6B · 74%Operating income$292M · 5%Operating expenses$1.3B · 21%R&D$374M · 6%SG&A$344M · 6%Selling & marketing$571M · 9%Pre-tax income$346M · 6%Other income$54M · 1%Net income$342M · 6%Income tax$0 · 0%Technology Service$5.0B · 82%License$936M · 15%Product & Professional Services$180M · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.