Toast (TOST) Operating Leases (2021 - 2026)
Toast (TOST) reported Operating Leases of $17 million for Q1 2026, down 22.7% from $22 million a year earlier and down 15.0% from the prior quarter.
Powered by 
Analysis
Toast (TOST) Operating Leases (2021 - 2026) Analysis & Trends
At the end of FY2025, Toast posted Operating Leases of $20 million, down 16.7% from FY2024.
- Operating Leases has declined for three consecutive years, with a four-year compound annual growth rate of -28.6% (FY2021 to FY2025).
- By year, Operating Leases came in at $24 million in FY2024 (-27.3%), $33 million in FY2023 (-58.8%), $80 million in FY2022 (+3.9%) and $77 million in FY2021.
- The Q1 2026 figure ranks as the lowest quarterly Operating Leases in data going back to Q4 2021.
- Year over year, Operating Leases has now declined in each of the last six quarters, with an average decline of 15.3% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was Q3 2024 (growth of 22.7%); the low point was Q3 2023 (a decline of 72.8%).
- Per Business Quant data, the three quarters before Q1 2026 came in at $20 million (Q4 2025), $18 million (Q3 2025) and $19 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 17.00 Mn |
| Dec 31, 2025 | 20.00 Mn |
| Sep 30, 2025 | 18.00 Mn |
| Jun 30, 2025 | 19.00 Mn |
| Mar 31, 2025 | 22.00 Mn |
| Dec 31, 2024 | 24.00 Mn |
| Sep 30, 2024 | 27.00 Mn |
| Jun 30, 2024 | 29.00 Mn |
| Mar 31, 2024 | 30.00 Mn |
| Dec 31, 2023 | 33.00 Mn |
| Sep 30, 2023 | 22.00 Mn |
| Jun 30, 2023 | 25.00 Mn |
| Mar 31, 2023 | 77.00 Mn |
| Dec 31, 2022 | 80.00 Mn |
| Sep 30, 2022 | 81.00 Mn |
| Jun 30, 2022 | 78.00 Mn |
| Mar 31, 2022 | 77.00 Mn |
| Dec 31, 2021 | 77.00 Mn |
API Access
Toast Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=TOST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "TOST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=TOST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();