Toast, Inc. · Data processing and cloud

TOST

Low riskNext report: In 7 days (est.)

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The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 23% in the latest quarter vs a year ago
Profitable
Sales up 24% last year

Watch out for

Share count growing 5.9% a year

Money moves

Insiders sold $1.9M in the last 30 days
Institutions added 8.4% to their holdings in the quarter ending June 2026 (411 bought, 352 sold)
Held by Ray Dalio (Bridgewater), Cathie Wood (ARK Invest)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$32.14-1.7% that day

Company value: $19.0B; Share price times all shares
Price vs profit (P/E): 40.7x; You pay about $41 for each $1 of yearly profit
Price vs sales: 2.8x; Company value is 2.8 times a year of sales
Cash vs value: 5%; Cash as a share of company value

From TOST's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$1.9B+23% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $6.8B, up 23% from the 12 months before. Over 5 years, sales grew about 50% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of TOST. Starting points are the company's recent numbers.

Sales growth+23% a yearRecently: +23% a yearProfit margin7%Last 12 months: 7.1%P/E at the end40xToday: 40.7x. Many steady companies trade at 12x to 25xShare count change+6% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$19.2B

Profit in 5 years$1.3B

Price these guesses point to$67.93+111% vs $32.14 todayAbout +16% a year, before dividends

What today's price needs: with a 7% margin and a 40x P/E, sales would have to grow about 5.9% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/7Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.18.6%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.5.6%
MissProfitable every yearSteady profits, not one good year.2 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$661.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+18.6% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.25.9%

Revenue: $6.2B; +24.1% vs prior year
5-year growth: +49.5%/yr; revenue, per year
Total debt: None; 0.00x equity
Current ratio: 2.75x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 4

Revenue: $1.9B; +23.1% YoY
EPS: $0.26; vs $0.13
Op. margin: 8.0%; +2.8 pts
Gross margin: 27.0%; +1.7 pts
Free cash flow: $130.0M
Share count: -2.5%; vs a year ago

Insider rating

Last 90 days

21Selling

4 insiders sold $1.2M (not pre-planned)
Pre-planned sales of $630K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 1
Normal week: 3.4
vs normal: 0.3x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+8.4%

Institutions added 8.4% to their holdings. 411 bought, 352 sold.

Shares held by institutions479.7M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+3.7%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

No debt reported

Shares outstandingLatest reported

590M

Earnings reports

Last 12

Next reportIn 7 days (est.)Estimated from the same quarter last year

Results filedAug 4
Results filedMay 7
Results filedFeb 12
Results filedNov 4, 2025
Results filedAug 5, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Oct 5 · View filing ↗Big holder New 5%+ holder (passive)Jul 30 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$1.9M5 insiders, 2 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Jonathan VassilChief Revenue Officer	Sell	8K	$30.19	$230K	77K	Oct 5Filing ↗
-9% of their holdings Pre-planned sale (10b5-1) Filed 1 day after
Elena GomezPresident, CFO	Sell	12K	$29.35	$349K	172K	Oct 2Filing ↗
-6.5% of their holdings Not a pre-planned sale Filed 3 days after
Stephen FredettePresident	Sell	9K	$29.35	$275K	942K	Oct 2Filing ↗
-1% of their holdings Not a pre-planned sale Also Director Filed 3 days after
Aman NarangCEO	Sell	15K	$29.35	$432K	87K	Oct 2Filing ↗
-14.5% of their holdings Not a pre-planned sale Also Director Filed 3 days after
Brian R ElworthyGeneral Counsel	Sell	7K	$29.35	$191K	204K	Oct 2Filing ↗
-3.1% of their holdings Not a pre-planned sale Filed 3 days after
Jonathan VassilChief Revenue Officer	Sell	13K	$29.69	$400K	77K	Oct 2Filing ↗
-14.8% of their holdings $29.35 to $30.03 across 2 trades Pre-planned sale (10b5-1) Filed 3 days after