# Toast, Inc. (TOST) — Stock CV

Toast, Inc. is a $18.2B technology company. Revenue grew 23.0% over the last year, it keeps 7¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 37.4× earnings — in the cheapest third of its own history.

> Toast Inc is a cloud-based, all-in-one digital technology platform purpose-built for the restaurant community.

## Identity

- **Ticker**: TOST
- **Sector**: Technology
- **Industry**: Services-Computer Processing & Data Preparation
- **Headquarters**: BOSTON, MA
- **Employees**: 6 500
- **Website**: https://www.toasttab.com
- **Market cap**: $18.2B
- **Last price**: $31.42
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $6.80B
- **Net income**: $486M
- **Free cash flow**: $576M
- **Net cash**: $1.33B
- **P/E**: 37.4
- **Revenue growth (YoY)**: 23.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 62 |
| Growth | 50 |
| Profitability | 63 |
| Health | 50 |
| Quality | 87 |
| Moat | 16 |

## Qualifications (beginner checklist) — 7 of 10 passed

- [x] Revenue growing — +23.0% YoY
- [x] Profitable — $486M TTM
- [x] Profit growing — +1700.0% YoY
- [x] Generates cash — $576M TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $18.2B market cap
- [ ] Not printing shares — +109.6% shares over ~5y
- [ ] Proven track record — 2/5 profitable years
- [ ] Financially stable — health score 25/100
- [x] Valuation not extreme — P/E 37.4

## Experience (career milestones)

- **FY2025** — Best year on record: $342M net income
- **FY2024** — Turned profitable: $19.0M net income after a loss year
- **FY2021** — Revenue already above $1B: $1.71B in first reported year

## Strengths

- Revenue growing 23.0% year over year
- Net cash position after subtracting debt from cash
- High returns on invested capital (ROIC 43.2%)
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- Thin interest coverage (-3.3×)
- Loss-making in 3 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.71B | -$487M | -$10.0M |
| FY2022 | $2.73B | -$275M | -$189M |
| FY2023 | $3.87B | -$246M | $93.0M |
| FY2024 | $4.96B | $19.0M | $306M |
| FY2025 | $6.15B | $342M | $608M |

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Source: https://stockcv.com/TOST — derived from company filings; may be delayed or incomplete. Information, not investment advice.