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.

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Return on Invested Capital

Return on Invested Capital %Chg

Return on Assets

Return on Assets %Chg

Return on Equity

Return on Equity %Chg

Return on Total Capital

Return on Total Capital %Chg

Return on Capital Employed

Return on Capital Employed %Chg

Return on Tangible Assets

Return on Tangible Assets %Chg

Receivables Turnover

Receivables Turnover %Chg

Days Sales Outstanding

Days Sales Outstanding %Chg

Payables Turnover

Payables Turnover %Chg

Days Payables Outstanding

Days Payables Outstanding %Chg

Inventory Turnover

Inventory Turnover %Chg

Days Inventory Outstanding

Days Inventory Outstanding %Chg

Cash Conversion Cycle

Cash Conversion Cycle %Chg

Asset Turnover

Asset Turnover %Chg

Fixed Asset Turnover

Fixed Asset Turnover %Chg

Operating Cycle

Operating Cycle %Chg

CapEx to OCF

CapEx to OCF %Chg

CapEx to Revenue

CapEx to Revenue %Chg

CapEx to Depreciation

CapEx to Depreciation %Chg

R&D to Revenue

R&D to Revenue %Chg

SG&A to Revenue

SG&A to Revenue %Chg

Stock-based Comp to Revenue

Stock-based Comp to Revenue %Chg

Total Debt

Total Debt %Chg

Net Debt

Net Debt %Chg

Current Ratio

Current Ratio %Chg

Quick Ratio

Quick Ratio %Chg

Cash Ratio

Cash Ratio %Chg

Debt Ratio

Debt Ratio %Chg

Assets to Equity

Assets to Equity %Chg

Cash Flow to Debt Ratio

Cash Flow to Debt Ratio %Chg

Long-term Debt to Assets

Long-term Debt to Assets %Chg

Intangibles to Total Assets

Intangibles to Total Assets %Chg

Net Current Asset Value

Net Current Asset Value %Chg

Goodwill / Assets

Goodwill / Assets %Chg

Debt / Equity

Debt / Equity %Chg

Total Debt / Capitalization

Total Debt / Capitalization %Chg

Long Term Debt / Capitalization

Long Term Debt / Capitalization %Chg

Long-Term Debt / Equity

Long-Term Debt / Equity %Chg

Net Debt / EBITDA

Net Debt / EBITDA %Chg

Diluted EPS 1Y Growth

Diluted EPS 1Y Growth %Chg

Diluted EPS 3Y CAGR

Levered Free Cash Flow 1Y Growth

Levered Free Cash Flow 1Y Growth %Chg

Levered Free Cash Flow 3Y CAGR

Levered Free Cash Flow 3Y CAGR %Chg

Total Equity 1Y Growth

Total Equity 1Y Growth %Chg

Total Equity 3Y CAGR

Total Equity 3Y CAGR %Chg

Accounts Receivable 1Y Growth

Accounts Receivable 1Y Growth %Chg

Accounts Receivable 3Y CAGR

Accounts Receivable 3Y CAGR %Chg

Accounts Receivable 5Y CAGR

Inventory 1Y Growth

Inventory 1Y Growth %Chg

Inventory 3Y CAGR

Inventory 3Y CAGR %Chg

Inventory 5Y CAGR

Tangible Book Value 1Y Growth

Tangible Book Value 1Y Growth %Chg

Tangible Book Value 3Y CAGR

Tangible Book Value 3Y CAGR %Chg

Unlevered Free Cash Flow 1Y Growth

Unlevered Free Cash Flow 1Y Growth %Chg

Unlevered Free Cash Flow 3Y CAGR

Unlevered Free Cash Flow 3Y CAGR %Chg

Revenue 1Y Growth

Revenue 1Y Growth %Chg

Revenue 3Y CAGR

Revenue 3Y CAGR %Chg

Revenue 5Y CAGR

Gross Profit 1Y Growth

Gross Profit 1Y Growth %Chg

Gross Profit 3Y CAGR

Gross Profit 3Y CAGR %Chg

Gross Profit 5Y CAGR

EBITDA 1Y Growth

EBITDA 1Y Growth %Chg

EBITDA 3Y CAGR

EBITDA 3Y CAGR %Chg

EBIT 1Y Growth

EBIT 1Y Growth %Chg

EBIT 3Y CAGR

EBIT 3Y CAGR %Chg

Earnings From Cont. Operations 1Y Growth

Earnings From Cont. Operations 1Y Growth %Chg

Earnings From Cont. Operations 3Y CAGR

Earnings From Cont. Operations 3Y CAGR %Chg

Net Income 1Y Growth

Net Income 1Y Growth %Chg

Net Income 3Y CAGR

Net Income 3Y CAGR %Chg

Plant and Equip. 1Y Growth

Plant and Equip. 1Y Growth %Chg

Plant and Equip. 3Y CAGR

Plant and Equip. 3Y CAGR %Chg

Plant and Equip. 5Y CAGR

Common Equity 1Y Growth

Common Equity 1Y Growth %Chg

Common Equity 3Y CAGR

Common Equity 3Y CAGR %Chg

Total Assets 1Y Growth

Total Assets 1Y Growth %Chg

Total Assets 3Y CAGR

Total Assets 3Y CAGR %Chg

Total Assets 5Y CAGR

Cash From Operations 1Y Growth

Cash From Operations 1Y Growth %Chg

Capital Expenditures 1Y Growth

Capital Expenditures 1Y Growth %Chg

Capital Expenditures 3Y CAGR

Capital Expenditures 3Y CAGR %Chg

Weighted Avg. Shares Outstanding 1Y Growth

Weighted Avg. Shares Outstanding 1Y Growth %Chg

Weighted Avg. Shares Outstanding 3Y CAGR

Weighted Avg. Shares Outstanding 3Y CAGR %Chg

Diluted Weighted Avg. Shares Outstanding 1Y Growth

Diluted Weighted Avg. Shares Outstanding 1Y Growth %Chg

Diluted Weighted Avg. Shares Outstanding 3Y CAGR

Diluted Weighted Avg. Shares Outstanding 3Y CAGR %Chg

Gross Profit Margin

Gross Profit Margin %Chg

Operating Margin

Operating Margin %Chg

EBITDA Margin

EBITDA Margin %Chg

Net Profit Margin

Net Profit Margin %Chg

Effective Tax Rate

Effective Tax Rate %Chg

Pre-Tax Profit Margin

Pre-Tax Profit Margin %Chg

Free Cash Flow Margin

Free Cash Flow Margin %Chg

OCF / Sales

OCF / Sales %Chg

OCF / Net Income

OCF / Net Income %Chg

FCF / OCF

FCF / OCF %Chg

FCF / Net Income

FCF / Net Income %Chg

Trailing Valuation	Jun '25
Stock Price	44.3
Total Shares Outstanding	581
Market Cap	25,732.5
Total Enterprise Value (TEV)	24,049.5
Buyback Yield	-0%
Shareholder Yield	-0%
P/S	8.9
P/Gross Profit	34.9
P/E	192.6
Earnings Yield	0.5%
P/OCF	85.2
P/FCF	92.9
FCF Yield	1.1%
P/B	14.2
EV/Sales	8.3
EV/Gross Profit	32.6
EV/EBITDA	152.2
EV/EBIT	195.5
EV/OCF	79.6
EV/FCF	86.8

Margins	Jun '25
Gross Profit Margin	25.6%
Operating Margin	4.3%
EBITDA Margin	5.5%
Net Profit Margin	4.7%
Effective Tax Rate	3.5%
Pre-Tax Profit Margin	4.9%
Free Cash Flow Margin	9.6%
OCF / Sales	10.5%
OCF / Net Income	222.1%
FCF / OCF	91.7%
FCF / Net Income	203.7%
FCF / EBITDA	175.3%

Capital Efficiency	Jun '25
Return on Invested Capital	23.7%
Return on Assets	4.6%
Return on Equity	8.1%
Return on Total Capital	527.3%
Return on Capital Employed	7.1%
Return on Tangible Assets	5.5%
Receivables Turnover	24.5
Days Sales Outstanding	14.9
Payables Turnover	50
Days Payables Outstanding	7.3
Inventory Turnover	19.4
Days Inventory Outstanding	18.8
Cash Conversion Cycle	26.4
Asset Turnover	1.1
Fixed Asset Turnover	24
Operating Cycle	33.7
CapEx to OCF	0.1
CapEx to Revenue	0
CapEx to Depreciation	0.7

Per Share	Jun '25
Revenue per Share	4.8
Basic EPS	0.2
Diluted EPS	0.2
Book Value per Share	3
Tangible Book Value per Share	2.8
Cash per Share	2.8
Operating Cash Flow per Share	0.5
Free Cash Flow per Share	0.5
CapEx per Share	0
Weighted Avg. Shares Outstanding	577
Weighted Avg. Shares Outstanding Diluted	604

Common Size	Jun '25
R&D to Revenue	6.1%
SG&A to Revenue	15%
Stock-based Comp to Revenue	4.2%

Financial Health	Jun '25
Total Debt	19
Net Debt	-1,683
Current Ratio	2.6
Quick Ratio	2
Cash Ratio	1.9
Debt Ratio	0
Assets to Equity	1.5
Cash Flow to Debt Ratio	15.9
Long-term Debt to Assets	0
Intangibles to Total Assets	0
Net Current Asset Value	1,368
Goodwill / Assets	0
Debt / Equity	0
Total Debt / Capitalization	0.9
Long Term Debt / Capitalization	0.9
Long-Term Debt / Equity	0
Net Debt / EBITDA	-10.7