Toast, Inc. operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader. It also provides kitchen display system software that connects the front of the house with the kitchen staff; multi-location management software, which allows customers to manage and standardize their operations and configure menus; xtraCHEF that provides back-office tools; and Toast Flex for Kitchen, a larger format mountable piece of hardware that can be used as a kitchen screen. In addition, the company offers Toast Online Ordering & Toast TakeOut app, a software-based platform that provides restaurants to take off-premises orders directly through their branded website; First-Party Delivery services for restaurants to manage a fleet of drivers, and customize delivery hours, zones, fees, and minimum ticket sizes; Toast Delivery Services, which enables restaurants to utilize a partner network of delivery drivers; and Toast Delivery Partners services. Further, it provides loyalty programs and gift cards; payroll and team management products; business owner policy insurance and restaurant-specific add-ons; payment processing solutions; loans advanced to restaurants; purchase financing; reporting and analytics solutions; Toast Partner Connect that allows customers to discover, select, and connect their restaurant to its partners; and bi-directional APIs. The company was incorporated in 2011 and is headquartered in Boston, Massachusetts.

Toast, Inc.

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Liabilities	LTM	Dec '24
Accounts Payable	50	37
Accounts Payable
Accrued Expenses	798	715
Accrued Expenses and Other Current Liabilities
Current Portion of Leases	—	—
Operating Lease Liabilities
Unearned Revenue	63	59
Deferred Revenue
Total Current Liabilities	911	811
Total Current Liabilities
Long-Term Debt	—	—
Long-Term Debt
Leases	18	24
Operating Lease Liabilities, Non-Current
Other Long-Term Liabilities	28	28
Derivative Liabilities
Warrants to Purchase Preferred Stock
Warrants to Purchase Common Stock
Deferred Rent, Non-Current
Deferred Revenue, Non-Current
Other Long-Term Liabilities
Total Long-Term Liabilities	46	52
Total Liabilities	957	863
Total Liabilities

Equity	LTM	Dec '24
Preferred Stock	—	—
Convertible Preferred Stock
Treasury Stock	—	—
Treasury Stock, at Cost
Additional Paid-in Capital	3,374	3,150
Additional Paid-in Capital
Accumulated Other Comprehensive Income	3	-1
Accumulated Other Comprehensive Income (Loss)
Retained Earnings	-1,363	-1,604
Retained Earnings
Total Common Shareholders' Equity	2,014	1,545
Total Stockholders' Equity
Total Shareholders' Equity	2,014	1,545
Total Liabilities and Shareholders' Equity	2,971	2,408
Total Liabilities and Stockholders' Equity

Assets	LTM	Dec '24
Cash and Cash Equivalents	1,357	903
Cash and Cash Equivalents
Short-Term Investments	500	514
Marketable Securities
Total Cash and Cash Equivalents	1,857	1,417
Accounts Receivable	121	115
Accounts Receivable, Net
Total Trade Receivables	121	115
Inventories	104	118
Inventories, Net
Other Current Assets	413	325
Deferred Costs, Net
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Other Current Assets
Total Current Assets	2,495	1,975
Total Current Assets
Net Property, Plant & Equipment	123	123
Property and Equipment, Net
Operating Lease Right-of-Use Assets
Net Intangible Assets	16	20
Intangible Assets, Net
Goodwill	113	113
Goodwill
Other Long-Term Assets	224	177
Restricted Cash
Deferred Costs, Non-Current
Security Deposits
Other Non-Current Assets
Total Assets	2,971	2,408
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