Toast, Inc.

NYSE-TOST

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	273	224	158	19	-49	-136
Net Income
Depreciation & Amortization	59	58	54	46	45	41
Depreciation and Amortization
Share-Based Compensation Expense	246	240	247	258	264	275
Stock-Based Compensation Expense
Stock-Based Charitable Contribution Expense
Other Adjustments	195	189	174	181	174	148
Amortization of Deferred Contract Acquisition Costs
Change in Fair Value of Derivative Liability
Change in Fair Value of Warrant Liability
Loss on Debt Extinguishment
Credit Loss Expense
Change in Deferred Income Taxes
Non-Cash Interest on Convertible Notes
Asset Impairments
Gain on Warrant Extinguishment
Other Non-Cash Items
Operating Lease Right-of-Use Assets
Operating Lease Liabilities
Operating Lease Right-of-Use Assets and Operating Lease Liabilities, Net
Changes in Trade Receivables	-38	-43	-59	-72	-33	-6
Accounts Receivable, Net
Changes in Inventories	2	7	9	—	-8	-3
Inventories, Net
Changes in Accounts Payable	17	16	-1	5	3	-9
Accounts Payable
Changes in Accrued Expenses	32	44	29	48	57	58
Accrued Expenses and Other Current Liabilities
Changes in Unearned Revenue	6	1	11	23	12	12
Deferred Revenue
Changes in Other Operating Activities	-180	-162	-149	-148	-147	-146
Merchant Cash Advances Made
Merchant Cash Advances and Acquired Loans Repaid
Other Current Assets
Deferred Contract Acquisition Costs
Other Assets and Liabilities
Cash from Operating Activities	614	558	459	360	305	244
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-50	-50	-51	-54	-52	-50
Purchases of Property and Equipment
Capital Expenditures
Purchases of Intangible Assets	—	—	—	—	—	—
Capitalized Software
Purchases of Investments	-491	-478	-438	-473	-497	-548
Purchases of Marketable Securities
Proceeds from Sale of Investments	506	506	501	488	524	535
Proceeds from the Sale of Marketable Securities
Maturities of Marketable Securities
Payments for Business Acquisitions	—	—	—	—	—	—
Cash Paid for Acquisition, Net of Cash Acquired
Other Investing Activities	—	—	—	—	—	—
Customer Funds Obligations Assumed in Acquisition
Other Investing Activities
Cash from Investing Activities	-35	-22	12	-39	-25	-65
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	—	—	—	—	—	—
Proceeds from Secured Borrowings
Repayments of Short-Term Debt	—	—	—	—	—	—
Repayments of Secured Borrowings
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	—	—	—
Issuance of Long-Term Debt	—	—	—	—	—	—
Proceeds from Issuance of Long-Term Debt
Repayments of Long-Term Debt	—	—	—	—	—	—
Extinguishment of Convertible Notes
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	—	—	—
Issuance of Common Shares	93	84	97	99	89	76
Proceeds from Initial Public Offering, Net
Proceeds from Issuance of Common Stock
Repurchases of Common Shares	-54	-51	-69	-56	-56	—
Repurchases of Class a Common Stock
Net Issuance / (Repurchases) of Common Shares	39	33	28	43	33	76
Issuance of Preferred Shares	—	—	—	—	—	—
Proceeds from Issuance of Series E and Series F Preferred
Repurchases of Preferred Shares	—	—	—	—	—	—
Redemption of Series B Preferred
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—
Other Financing Activities	45	53	51	-25	40	24
Change in Customer Funds Obligations, Net
Warrant Repurchase
Payment of Contingent Consideration
Other Financing Activities
Cash from Financing Activities	81	22	18	18	12	64
Net Cash Provided by Financing Activities