Toast (TOST) Research & Development (2020 - 2026)
Toast's (TOST) quarterly Research & Development came in at $156.0 million in Q1 2026, up 17.29% year-on-year from $133.0 million in Q1 2025, and up 60.82% on a QoQ basis from $97.0 million in Q4 2025.
Toast (TOST) Research & Development (2020 - 2026) Analysis & Trends
Toast (TOST) has 7 years of Research & Development data on file, last reported at $156.0 million in Q1 2026.
- On a quarterly basis, Research & Development rose 17.29% year-over-year to $156.0 million in Q1 2026; TTM through Mar 2026 was $496.0 million, a 4.8% decrease from a year earlier, with the FY2025 full-year figure at $374.0 million, down 20.43% from the prior year.
- Research & Development for Q1 2026 stood at $156.0 million, up from $97.0 million in the prior quarter.
- Over the last five years, Research & Development for TOST reached as high as $212.0 million in Q4 2024 and fell as low as $67.0 million in Q2 2022.
- Historically, Research & Development has averaged $105.8 million across 5 years, with a median of $94.0 million in 2023.
- Across the five-year window, Research & Development jumped 132.0% in 2022 and sank 54.25% in 2025, its largest moves.
- Year by year, Research & Development stood at $116.0 million in 2022, then declined by 18.97% to $94.0 million in 2023, then soared by 125.53% to $212.0 million in 2024, then sank by 54.25% to $97.0 million in 2025, then soared by 60.82% to $156.0 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $156.0 million in Q1 2026, $97.0 million in Q4 2025, and $102.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 6.81 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | - |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 4.01 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 160.98 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 823.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 802.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 636.30 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 271.60 Mn |
| 10 | Toast | 18.99 Bn | 17.22 Bn | 447.00 Mn | 156.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 156.00 Mn |
| Dec 31, 2025 | 97.00 Mn |
| Sep 30, 2025 | 102.00 Mn |
| Jun 30, 2025 | 141.00 Mn |
| Mar 31, 2025 | 133.00 Mn |
| Dec 31, 2024 | 212.00 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 | 100.00 Mn |
| Jun 30, 2023 | 92.00 Mn |
| Mar 31, 2023 | 85.00 Mn |
| Dec 31, 2022 | 116.00 Mn |
| Sep 30, 2022 | 74.00 Mn |
| Jun 30, 2022 | 67.00 Mn |
| Mar 31, 2022 | 71.00 Mn |
| Dec 31, 2021 | 50.00 Mn |
| Sep 30, 2021 | 40.00 Mn |
| Jun 30, 2021 | 41.00 Mn |