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
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