Toast reported FY 2025 total revenue of USD 6.15bn (+24%), driven by financial technology solutions revenue of USD 5.04bn (+24%) and subscription services revenue of USD 936m (+33%), while hardware and professional services revenue was USD 180m (-10%). FY 2025 net income was USD 342m, and Adjusted EBITDA was USD 633m (non-GAAP). Net cash provided by operating activities was USD 661m and free cash flow was USD 608m (non-GAAP) for FY 2025. For scale metrics, Toast said trailing-12-month gross payment volume (GPV) reached USD 195.1bn (+23%) in FY 2025, and total annualized recurring run-rate $(ARR)$ was USD 2.05bn (+26%) as of December 31, 2025. The company ended 2025 with approximately 164,000 live Locations (+22% year over year) and said the revenue increases in subscription services and financial technology solutions were primarily attributable to growth in Locations on the platform and higher product adoption. Toast also highlighted a May 2025 amendment and restatement of its senior secured credit facility, increasing revolving commitments to USD 350m and extending maturity to May 6, 2030, with no borrowings outstanding as of December 31, 2025 and USD 347m of available capacity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Toast Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001650164-26-000057), on February 18, 2026, and is solely responsible for the information contained therein.