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
DateValue
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