Toast
At a glance
Toast reported 2025 revenue of $6.15B, up 24.1% from $4.96B in 2024. Over 4 years since 2021 ($1.71B), that is growth of about 37.8% a year. Operating margin was 4.7%, up from -13.4% in 2021. 2025 was the highest revenue year in this period. The company posted a loss in 2021, 2022 and 2023.
In the last 12 months 8 insiders reported 0 open-market purchases and 47 sales ($28.4M). 17 of the sales were made under pre-arranged 10b5-1 plans. The largest was a sale of $5.7M by CEO Aman Narang on Aug 11, 2026.
Toast filed 7 current reports (Form 8-K) in the last 12 months, most often for results of operations (4), officer or director change (2) and shareholder vote results (1). The latest officer or director change was reported on Oct 1, 2026.
4 of the 20 investors tracked here held Toast at the last quarter end, worth $147.4M combined. It is the largest weight for ARK Investment Management (0.3% of its portfolio), followed by Bridgewater Associates (0.2%). Added: ARK Investment Management and Bridgewater Associates. Reduced: Renaissance Technologies and National Pension Service (Korea).
Annual results
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net income | -$487M | -$275M | -$246M | $19M | $342M |
| Diluted EPS | $-1.68 | $-0.72 | $-0.47 | $0.03 | $0.56 |
Fiscal year ends Dec 31
Tracked investors holding (13F)
Weight is the share of each investor's portfolio, as of the quarter end.
Current reports (8-K, last 12 months)
Insider open-market trades (last 12 months)
Source: SEC EDGAR. How figures are combined