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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Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Cash and Cash Equivalents	1,357	1,194	1,005	903	761	691
Cash and Cash Equivalents
Short-Term Investments	500	508	484	514	511	528
Marketable Securities
Total Cash and Cash Equivalents	1,857	1,702	1,489	1,417	1,272	1,219
Accounts Receivable	121	121	118	115	105	101
Accounts Receivable, Net
Other Receivables	—	—	—	—	—	—
Merchant Cash Advances and Loans Receivable, Net
Total Trade Receivables	121	121	118	115	105	101
Inventories	104	103	111	118	106	110
Inventories, Net
Other Current Assets	413	391	404	325	319	309
Deferred Costs, Net
Prepaid Expenses and Other Current Assets
Other Current Assets
Total Current Assets	2,495	2,317	2,122	1,975	1,802	1,739
Total Current Assets
Net Property, Plant & Equipment	123	118	116	123	126	123
Property and Equipment, Net
Operating Lease Right-of-Use Assets
Net Intangible Assets	16	17	19	20	22	23
Intangible Assets, Net
Goodwill	113	113	113	113	113	113
Goodwill
Other Long-Term Assets	224	202	194	177	164	157
Restricted Cash
Deferred Costs, Non-Current
Security Deposits
Non-Current Costs Capitalized to Obtain Revenue Contracts, Net
Other Non-Current Assets
Total Assets	2,971	2,767	2,564	2,408	2,227	2,155
Total Assets

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Accounts Payable	50	49	48	37	30	33
Accounts Payable
Accrued Expenses	798	785	738	715	656	641
Accrued Expenses and Other Current Liabilities
Current Portion of Leases	—	—	—	—	—	—
Operating Lease Liabilities
Unearned Revenue	63	60	58	59	62	62
Deferred Revenue
Total Current Liabilities	911	894	844	811	748	736
Total Current Liabilities
Long-Term Debt	—	—	—	—	—	—
Long-Term Debt
Leases	18	19	22	24	27	29
Operating Lease Liabilities, Non-Current
Other Long-Term Liabilities	28	36	25	28	32	107
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	55	47	52	59	136
Total Long-Term Liabilities
Total Liabilities	957	949	891	863	807	872
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Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Preferred Stock	—	—	—	—	—	—
Convertible Preferred Stock
Common Stock	—	2	—	—	—	—
Common Stock: Class A; Class B
Treasury Stock	—	—	—	—	—	—
Treasury Stock, at Cost
Additional Paid-in Capital	3,374	3,284	3,221	3,150	3,053	2,976
Additional Paid-in Capital
Accumulated Other Comprehensive Income	3	2	—	-1	3	-1
Accumulated Other Comprehensive Income (Loss)
Retained Earnings	-1,363	-1,468	-1,548	-1,604	-1,636	-1,692
Retained Earnings
Total Common Shareholders' Equity	2,014	1,818	1,673	1,545	1,420	1,283
Total Stockholders' Equity
Total Shareholders' Equity	2,014	1,818	1,673	1,545	1,420	1,283
Total Liabilities and Shareholders' Equity	2,971	2,767	2,564	2,408	2,227	2,155
Total Liabilities and Stockholders' Equity