Toast

OverviewSuggest Edit

Toast is a provider of a point-of-sale and restaurant management platform for foodservice businesses. It offers restaurant electronics, including point of sale, order and pay devices, kitchen display systems, and self-ordering kiosks. The company also develops cloud-based software for inventory management, multi-location management, payment processing, and hardware integration.
TypePublic
Founded2011
HQBoston, MA, US
Websitepos.toasttab.com
Employee Ratings4.2

Latest Updates

Employees (est.) (Dec 2021)3,172
Revenue (FY, 2021)$1.7 B(+108%)
Share Price (Aug 2022)$16.9(+2%)
Cybersecurity ratingBMore
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Key People/Management at Toast

Chris Comparato

Chris Comparato

Chief Executive Officer, Director
Steve Fredette

Steve Fredette

President, Co-Founder, Director
Aman Narang

Aman Narang

Co-President, Co-Founder, COO, Director
Jonathan Grimm

Jonathan Grimm

Chief Technology Officer, Co-Founder
Emmanuelle Skala

Emmanuelle Skala

Senior Vice President of Customer Success
Annie Drapeau

Annie Drapeau

Chief People Officer
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Toast Office Locations

Toast has offices in Boston, Chicago, Omaha and Dublin
Boston, MA, US (HQ)
401 Park Drive, Suite 801
Chicago, IL, US
515 N State St, Floor 6
Omaha, NE, US
222 S 15th Street, Floor 11
Dublin, IE
1-5 Aston Quay
Show all (4)

Toast Financials and Metrics

Toast Revenue

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View revenue for all periods
Toast's revenue was reported to be $1.71 b in FY, 2021
USD

Revenue (Q1, 2022)

535.0m

Gross profit (Q1, 2022)

89.0m

Gross profit margin (Q1, 2022), %

16.6%

Net income (Q1, 2022)

(23.0m)

EBIT (Q1, 2022)

(101.0m)

Market capitalization (4-Aug-2022)

4.7b

Closing stock price (4-Aug-2022)

16.9

Cash (31-Mar-2022)

757.0m

EV

4.1b
Toast's current market capitalization is $4.7 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

665.0m823.1m1.7b

Cost of goods sold

602.7b682.7m1.4b

Gross profit

62.3m140.4m314.0m

Gross profit Margin, %

9%17%18%
Half Year
USDH1, 2020

Revenue

343.8m

Cost of goods sold

298.9m

Gross profit

45.0m

Gross profit Margin, %

13%
Quarterly
USDQ3, 2021Q1, 2022

Revenue

486.4m535.0m

Cost of goods sold

403.1m446.0m

Gross profit

83.3m89.0m

Gross profit Margin, %

17%17%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

150.4m581.8m809.0m

Accounts Receivable

15.1m32.6m55.0m

Prepaid Expenses

36.0m21.6m92.0m

Inventories

15.4m19.3m42.0m
Half Year
USDH1, 2021

Cash

376.1m

Accounts Receivable

48.0m

Prepaid Expenses

55.6m

Inventories

34.0m
Quarterly
USDQ3, 2021Q1, 2022

Cash

1.3b757.0m

Accounts Receivable

52.7m56.0m

Prepaid Expenses

79.6m135.0m

Inventories

38.7m44.0m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(209.4m)(248.2m)(487.0m)

Depreciation and Amortization

6.8m27.1m21.0m

Inventories

(6.7m)(3.9m)(23.0m)

Accounts Payable

14.6m(6.1m)15.0m
Half Year
USDH1, 2020

Net Income

(124.5m)

Depreciation and Amortization

6.4m

Inventories

2.5m

Accounts Payable

(8.7m)
Quarterly
USDQ3, 2021Q1, 2022

Net Income

(487.1m)(23.0m)

Depreciation and Amortization

15.6m6.0m

Inventories

(19.3m)(2.0m)

Accounts Payable

8.2m(12.0m)
USDFY, 2019

Revenue/Employee

399.2k

Financial Leverage

-0.9 x
Show all financial metrics

Toast Operating Metrics

Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020Q1, 2021Q2, 2021Q3, 2021Q4, 2021Q1, 2022

ARR

$184 m$206 m$227 m$308 m$326 m$384 m$494 m$544 m$568 m$637 m

Annualized Net Revenue Retention

135%

Gross Payment Volume

$21.8 b$7.4 b$7.6 b$9 b$14.4 b$16.5 b$17.1 b$17.8 b

Locations Worldwide

48 k33 k30 k37 k40 k43 k48 k52 k57 k62 k

Toast Acquisitions / Subsidiaries

Company NameDateDeal Size
xtraCHEFJune 10, 2022
StratExJuly 24, 2019
OAE Software, LLC
Strategy Execution Partners LLC
Stratex HoldCo, LLC
Toast Canada, Inc.
Toast Capital LLC
Toast International, Inc.
Toast MSC, Inc.
Toast Processing Services LLC
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Toast Revenue Breakdown

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Toast revenue breakdown by business segment: 82.5% from Financial technology solutions , 9.9% from Subscription services, 6.6% from Hardware and 1.1% from Other

Toast Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Toast Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Toast Online and Social Media Presence

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Toast News and Updates

Riot Ventures Files for $75 Million Fund

Venice-based Riot Ventures Management is aiming to raise $75 million for its second fund, according to a regulatory filing by the company.

xtraCHEF Partners with Toast to Empower Restaurateurs with Free Tools

xtraCHEF, the leading accounts payable (AP) automation and back-office business intelligence solution for restaurants, today announced they’ve entered a preferred partnership agreement with Toast. In light of the COVID health crisis, xtraCHEF has released two new free offerings, Sync and xtraCASH, t…

Introducing Toast Delivery Services: A Flat-Rate Delivery Platform Built Exclusively to Benefit Restaurants

Toast, a leading restaurant management platform, today unveiled Toast Delivery Services™ to enable restaurants of all sizes with an on-demand delivery network of local drivers — free of unpredictable, high-percentage commissions. Toast Delivery Services™ provides restaurant owners with the flexibili…

Restaurant POS firm Toast raises $400m

Toast, the fastest-growing restaurant management platform in the U.S., today announced a $400M Serie...

Managing Support Knowledge With AI: Talla Helps Toast

Vendors like Talla are helping companies like Toast manage their customer support knowledge with artificial intelligence.

Toast Is Challenging First Data In $25B Market For Restaurant Point-Of-Sale Terminals

Toast, a $2.7 billion startup, is gobbling up customers from First Data in the restaurant point-of-sale system market. With Fiserv closing its $22 billion deal for First Data, Toast will get an edge.
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Toast Blogs

How to Use a Menu Engineering Worksheet

Analyze your menu item profit and popularity using this free menu engineering worksheet and guide.

How to Create Good Jobs for Teens at Your Restaurant

Teens aren’t working in restaurants like they used to. How can you help change that?

Restaurant Spanish: 75 Crucial Phrases For Every Restaurant Team

By learning a little bit of Spanish and practicing with your staff, you create an environment where they feel comfortable to practice their English.

How to Know When to Comp a Meal

Comping is by no means always the answer to solving a sticky situation with a customer – you’ll watch your profits plummet if you comp too frequently – but when used sparingly and mindfully, it can make all the difference.

How to Make Sure Guests Living with Food Allergies Have A Great Dining Experience

Learn how to put steps in place to protect guests living with food allergies at your restaurant and give them a more enjoyable dining experience.

How the Gig Economy Can Help Understaffed Restaurants in A Pinch

Learn the pros and cons of the gig economy business model and how it can help your restaurant succeed.
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Toast Frequently Asked Questions

  • When was Toast founded?

    Toast was founded in 2011.

  • Who are Toast key executives?

    Toast's key executives are Chris Comparato, Steve Fredette and Aman Narang.

  • How many employees does Toast have?

    Toast has 3,172 employees.

  • What is Toast revenue?

    Latest Toast annual revenue is $1.7 b.

  • What is Toast revenue per employee?

    Latest Toast revenue per employee is $537.5 k.

  • Who are Toast competitors?

    Competitors of Toast include GoDaddy, PAR Technology and Compeat.

  • Where is Toast headquarters?

    Toast headquarters is located at 401 Park Drive, Suite 801, Boston.

  • Where are Toast offices?

    Toast has offices in Boston, Chicago, Omaha and Dublin.

  • How many offices does Toast have?

    Toast has 4 offices.