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Toast (TOST) Operating Expenses (2021 - 2025)

Toast (TOST) has disclosed Operating Expenses for 5 consecutive years, with $338.0 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 12.29% to $338.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $1.3 billion through Dec 2025, up 10.72% year-over-year, with the annual reading at $1.3 billion for FY2025, 10.82% up from the prior year.
  • Operating Expenses for Q4 2025 was $338.0 million at Toast, down from $348.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $348.0 million in Q3 2025, with the low at $74.0 million in Q1 2021.
  • Average Operating Expenses over 5 years is $251.6 million, with a median of $281.5 million recorded in 2023.
  • The sharpest move saw Operating Expenses soared 156.76% in 2022, then decreased 2.43% in 2024.
  • Over 5 years, Operating Expenses stood at $189.0 million in 2021, then skyrocketed by 35.98% to $257.0 million in 2022, then grew by 9.73% to $282.0 million in 2023, then grew by 6.74% to $301.0 million in 2024, then increased by 12.29% to $338.0 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $338.0 million, $348.0 million, and $312.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.