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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.91B | $1.63B | $1.63B | $1.63B | $1.55B | $1.34B | $1.34B | $1.31B |
| Cost of revenue | $1.39B | $1.18B | $1.21B | $1.20B | $1.16B | $991.00M | $1.01B | $983.00M |
| Gross profit | $516.00M | $447.00M | $423.00M | $432.00M | $392.00M | $346.00M | $333.00M | $322.00M |
| Gross margin | 27.0% | 27.4% | 25.9% | 26.5% | 25.3% | 25.9% | 24.9% | 24.7% |
| Research and development | $109.00M | $97.00M | $97.00M | $102.00M | $91.00M | $84.00M | $93.00M | $89.00M |
| Selling, general and administrative | $255.00M | $240.00M | $237.00M | $246.00M | $220.00M | $212.00M | $208.00M | $199.00M |
| Operating expenses | $364.00M | $337.00M | $338.00M | $348.00M | $312.00M | $303.00M | $301.00M | $288.00M |
| Operating income | $152.00M | $110.00M | $85.00M | $84.00M | $80.00M | $43.00M | $32.00M | $34.00M |
| Operating margin | 8.0% | 6.7% | 5.2% | 5.1% | 5.2% | 3.2% | 2.4% | 2.6% |
| EBITDA | $142.00M | $142.00M | $131.00M | $122.00M | $74.00M | $92.00M | $66.00M | $67.00M |
| Interest income | $11.00M | $13.00M | $0 | — | $11.00M | $12.00M | $0 | — |
| Interest expense | $0 | $0 | $15.00M | $13.00M | $0 | $0 | $12.00M | $9.00M |
| Income before taxes | $162.00M | $131.00M | $101.00M | $104.00M | $83.00M | $58.00M | $32.00M | $57.00M |
| Income taxes | $8.00M | $5.00M | $0 | −$1.00M | $3.00M | $2.00M | $0 | $1.00M |
| Net income | $154.00M | $126.00M | $101.00M | $105.00M | $80.00M | $56.00M | $32.00M | $56.00M |
| Net margin | 8.1% | 7.7% | 6.2% | 6.4% | 5.2% | 4.2% | 2.4% | 4.3% |
| EPS, basic | $0.27 | $0.21 | $0.17 | $0.18 | $0.14 | $0.10 | $0.06 | $0.10 |
| EPS, diluted | $0.26 | $0.20 | $0.17 | $0.16 | $0.13 | $0.09 | $0.05 | $0.07 |
| Diluted shares | 590.00M | 602.00M | 611.00M | 609.00M | 605.00M | 603.00M | 640.00M | 590.00M |
Figures describe Toast shares, not any token. As of Aug 5, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.