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| Date | Value |
|---|---|
| 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 |