Toast, Inc. (TOST) Form 10-Q — Aug 4, 2026

$TOSTForm 10-QFiled Aug 4, 2026, 6:09 PM ET0001650164-26-000164Original filing

Toast reported Q2 2026 revenue of $1,908 million, up 23% year over year, with net income of $154 million ($0.27 basic EPS) nearly doubling from $80 million a year earlier. Growth was broad-based: gross payment volume rose 22% to $60.7 billion, ARR climbed 25% to $2,409 million, and the platform served roughly 180,000 locations, up 22%. Adjusted EBITDA reached $221 million versus $161 million in the year-ago quarter. The company repurchased $486 million of Class A stock in the first half, including $159 million in Q2, after the board added $500 million to the buyback authorization in February 2026; about $100 million remains available.

Key figures

Eps: $0.27 basic / $0.26 diluted (Q2 2026) vs $0.14 / $0.13 (Q2 2025)
Revenue: $1,908 million Q2 2026 (+23% YoY); $3,538 million H1 2026 (+23% YoY)
Net Income: $154 million Q2 2026 vs $80 million Q2 2025; $280 million H1 2026 vs $136 million H1 2025
Total Debt: None — no borrowings outstanding on the $350M revolving credit facility; $3 million letters of credit
Revenue Yoy: 23%
Total Assets: 3181000000
Cash Position: $1,015 million cash and equivalents; $1,713 million including $698 million marketable securities
Shares Outstanding: 578 million total (514M Class A + 64M Class B) as of July 30, 2026
Arr: $2,409 million, +25% YoY
Locations: approximately 180,000, +22% YoY
Gpv q2 2026: $60.7 billion, +22% YoY
Trailing 12m gpv: $215 billion
Free cash flow h1: $245 million vs $277 million
Warrant liability: $12 million, down from $19 million ($7 million remeasurement gain)
Adjusted ebitda q2: $221 million vs $161 million year-ago
H1 share repurchases: $486 million ($159 million in Q2)
Tariff refund benefit: $10 million one-time benefit in costs of revenue
Operating cash flow h1: $276 million vs $302 million
Loans held for investment: $46 million net (new program, $0 at Dec 31, 2025)
Remaining buyback authorization: $100 million
Remaining performance obligations: $1,110 million ($1,036 million expected over next 24 months)

Price after filing

1 day: -0.2%7 days: +6.2%30 days: +3.6%

Close on the filing date to close N calendar days later (from $32.85). Historical, not a forecast.

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