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How Toast, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$6.2B · 100%Cost of revenue$4.6B · 74%Gross profit$1.6B · 26%Operating income$292M · 5%Income before tax$346M · 6%Income tax$4M · 0%Net income$342M · 6%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$6.2B100%
  • 10-K · FY 2025Filing detailsAccession 0001650164-26-000057 · filed Feb 18, 2026
Cost of revenue$4.6B74%
  • 10-K · FY 2025Filing detailsAccession 0001650164-26-000057 · filed Feb 18, 2026
$1.6B26%
  • 10-K · FY 2025Filing detailsAccession 0001650164-26-000057 · filed Feb 18, 2026
$292M5%
  • 10-K · FY 2025Filing detailsAccession 0001650164-26-000057 · filed Feb 18, 2026
Income before tax$346M6%
  • 10-K · FY 2025Filing detailsAccession 0001650164-26-000057 · filed Feb 18, 2026
Income tax$4M0%
  • 10-K · FY 2025Filing detailsAccession 0001650164-26-000057 · filed Feb 18, 2026
$342M6%
  • 10-K · FY 2025Filing detailsAccession 0001650164-26-000057 · filed Feb 18, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001650164-26-000057 · filed Feb 18, 2026
· event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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