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	Jun '25	Dec '24	Jun '24	Dec '23
Cash and Cash Equivalents	1,194	903	691	605
Cash and Cash Equivalents
Short-Term Investments	508	514	528	519
Marketable Securities
Total Cash and Cash Equivalents	1,702	1,417	1,219	1,124
Accounts Receivable	121	115	101	69
Accounts Receivable, Net
Other Receivables	—	—	—	—
Merchant Cash Advances and Loans Receivable, Net
Total Trade Receivables	121	115	101	69
Inventories	103	118	110	118
Inventories, Net
Other Current Assets	391	325	309	259
Deferred Costs, Net
Prepaid Expenses and Other Current Assets
Other Current Assets
Total Current Assets	2,317	1,975	1,739	1,570
Total Current Assets
Net Property, Plant & Equipment	118	123	123	111
Property and Equipment, Net
Operating Lease Right-of-Use Assets
Net Intangible Assets	17	20	23	26
Intangible Assets, Net
Goodwill	113	113	113	113
Goodwill
Other Long-Term Assets	202	177	157	138
Restricted Cash
Deferred Costs, Non-Current
Security Deposits
Non-Current Costs Capitalized to Obtain Revenue Contracts, Net
Other Non-Current Assets
Total Assets	2,767	2,408	2,155	1,958
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23
Accounts Payable	49	37	33	32
Accounts Payable
Accrued Expenses	785	715	641	592
Accrued Expenses and Other Current Liabilities
Current Portion of Leases	—	—	—	—
Operating Lease Liabilities
Unearned Revenue	60	59	62	39
Deferred Revenue
Total Current Liabilities	894	811	736	663
Total Current Liabilities
Long-Term Debt	—	—	—	—
Long-Term Debt
Leases	19	24	29	33
Operating Lease Liabilities, Non-Current
Other Long-Term Liabilities	36	28	107	68
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	55	52	136	101
Total Long-Term Liabilities
Total Liabilities	949	863	872	764
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23
Preferred Stock	—	—	—	—
Convertible Preferred Stock
Common Stock	2	—	—	—
Common Stock: Class A; Class B
Treasury Stock	—	—	—	—
Treasury Stock, at Cost
Additional Paid-in Capital	3,284	3,150	2,976	2,817
Additional Paid-in Capital
Accumulated Other Comprehensive Income	2	-1	-1	—
Accumulated Other Comprehensive Income (Loss)
Retained Earnings	-1,468	-1,604	-1,692	-1,623
Retained Earnings
Total Common Shareholders' Equity	1,818	1,545	1,283	1,194
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Total Shareholders' Equity	1,818	1,545	1,283	1,194
Total Liabilities and Shareholders' Equity	2,767	2,408	2,155	1,958
Total Liabilities and Stockholders' Equity