Toast (TOST) Research & Development (2020 - 2026)

Toast (TOST) posted quarterly Research & Development of $97.0 million for Q1 2026, up 15.48% YoY from $84.0 million in Q1 2025, and little changed sequentially from $97.0 million in Q4 2025.

Toast (TOST) Research & Development (2020 - 2026) Analysis & Trends

Toast has disclosed Research & Development across 7 years of filings, most recently posting $97.0 million for Q1 2026.

  • In Q1 2026, Research & Development rose 15.48% year-over-year to $97.0 million; the TTM figure through Mar 2026 stood at $387.0 million (up 9.63% YoY), while the FY2025 annual figure was $374.0 million, up 6.55% from the prior year.
  • Research & Development held at $97.0 million in Q1 2026, from $97.0 million in the prior quarter.
  • Over the last five years, Research & Development for TOST reached as high as $102.0 million in Q3 2025 and fell as low as $62.0 million in Q1 2022.
  • The 5-year median for Research & Development is $87.0 million (2023), against an average of $86.1 million.
  • Annual changes were most pronounced in 2022 — Research & Development soared 169.57% — and 2024, when it declined 5.43%.
  • A 5-year view of Research & Development shows it stood at $79.0 million in 2022, then grew by 18.99% to $94.0 million in 2023, then slipped by 1.06% to $93.0 million in 2024, then increased by 4.3% to $97.0 million in 2025, then changed by 0.0% to $97.0 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $97.0 million, $97.0 million, and $102.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 8.92 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 2.61 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 160.98 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 511.00 Mn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 356.41 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 214.00 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 150.97 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 714.99 Mn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 1.04 Bn
10 Toast 16.87 Bn 15.10 Bn 447.00 Mn 97.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 97.00 Mn
Dec 31, 2025 97.00 Mn
Sep 30, 2025 102.00 Mn
Jun 30, 2025 91.00 Mn
Mar 31, 2025 84.00 Mn
Dec 31, 2024 93.00 Mn
Sep 30, 2024 89.00 Mn
Jun 30, 2024 87.00 Mn
Mar 31, 2024 83.00 Mn
Dec 31, 2023 94.00 Mn
Sep 30, 2023 87.00 Mn
Jun 30, 2023 92.00 Mn
Mar 31, 2023 85.00 Mn
Dec 31, 2022 79.00 Mn
Sep 30, 2022 74.00 Mn
Jun 30, 2022 67.00 Mn
Mar 31, 2022 62.00 Mn
Dec 31, 2021 50.00 Mn
Sep 30, 2021 40.00 Mn
Jun 30, 2021 50.00 Mn