Toast (TOST) Research & Development (2020 - 2026)
Toast (TOST) reported Research & Development of $97.0 million for Q1 2026, up 15.48% year-over-year from $84.0 million in Q1 2025, and little changed quarter-over-quarter 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 $97.0 million in Q1 2026.
- Research & Development for Q1 2026 came in at $97.0 million, up 15.48% year-over-year; the trailing twelve-month figure through Mar 2026 was $387.0 million (up 9.63% YoY), and the FY2025 annual result was $374.0 million, up 6.55% from the prior year.
- Research & Development steadied at $97.0 million in Q1 2026 per TOST's latest filing, from $97.0 million in the prior quarter.
- Over five years, Research & Development peaked at $102.0 million in Q3 2025 and troughed at $62.0 million in Q1 2022.
- A 5-year average of $86.1 million and a median of $87.0 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2024: Research & Development soared 169.57% in 2022, then declined 5.43% in 2024.
- 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.
- Business Quant data shows TOST's Research & Development at $97.0 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 | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 2.30 Mn |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 2.61 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 160.98 Mn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 511.00 Mn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 356.41 Mn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 214.00 Mn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 714.99 Mn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 150.97 Mn |
| 10 | Toast | 14.58 Bn | 12.81 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 |