Toast annual free cash flow
2019
2020
2021
2022
2023
2024
2025
Toast Free Cash Flow (FCF) History (TOST)
Toast reported $608.0M in free cash flow for fiscal 2025, an increase of 98.69% from the previous fiscal year, with a free cash flow margin of 9.88%.
View full Toast company overviewToast free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $608.0M | $302.0M | +98.69% | +9.88% |
| 2024 | 2024-12-31 | $306.0M | $213.0M | +229.03% | +6.17% |
| 2023 | 2023-12-31 | $93.0M | $265.0M | — | +2.41% |
| 2022 | 2022-12-31 | −$172.0M | −$162.0M | — | −6.30% |
| 2021 | 2021-12-31 | −$10.0M | $143.0M | — | −0.59% |
| 2020 | 2020-12-31 | −$153.0M | −$18.0M | — | −18.59% |
| 2019 | 2019-12-31 | −$135.0M | — | — | −20.30% |
Toast quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $130.0M | −$78.0M | −37.50% | +6.81% |
| Q1 2026 | 2026-03-31 | $115.0M | $46.0M | +66.67% | +7.06% |
| Q4 2025 | 2025-12-31 | $178.0M | $44.0M | +32.84% | +10.90% |
| Q3 2025 | 2025-09-30 | $153.0M | $56.0M | +57.73% | +9.37% |
| Q2 2025 | 2025-06-30 | $208.0M | $100.0M | +92.59% | +13.42% |
| Q1 2025 | 2025-03-31 | $69.0M | $102.0M | — | +5.16% |
| Q4 2024 | 2024-12-31 | $134.0M | $80.0M | +148.15% | +10.01% |
| Q3 2024 | 2024-09-30 | $97.0M | $49.0M | +102.08% | +7.43% |
| Q2 2024 | 2024-06-30 | $108.0M | $60.0M | +125.00% | +8.70% |
| Q1 2024 | 2024-03-31 | −$33.0M | $24.0M | — | −3.07% |
| Q4 2023 | 2023-12-31 | $54.0M | $76.0M | — | +5.21% |
| Q3 2023 | 2023-09-30 | $48.0M | $123.0M | — | +4.65% |
| Q2 2023 | 2023-06-30 | $48.0M | $74.0M | — | +4.91% |
| Q1 2023 | 2023-03-31 | −$57.0M | −$8.0M | — | −6.96% |
| Q4 2022 | 2022-12-31 | −$22.0M | $11.0M | — | −2.86% |
| Q3 2022 | 2022-09-30 | −$75.0M | −$55.0M | — | −9.97% |
| Q2 2022 | 2022-06-30 | −$26.0M | −$80.0M | — | −3.85% |
| Q1 2022 | 2022-03-31 | −$49.0M | −$38.0M | — | −9.16% |
| Q4 2021 | 2021-12-31 | −$33.0M | — | — | −6.46% |
| Q3 2021 | 2021-09-30 | −$20.0M | — | — | −4.12% |
| Q2 2021 | 2021-06-30 | $54.0M | — | — | +12.68% |
| Q1 2021 | 2021-03-31 | −$11.0M | — | — | −3.90% |
Toast free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$153.0M to $608.0M, a net increase of $761.0M. Toast's latest reported quarter, Q2 2026, generated $130.0M in free cash flow, a decrease of 37.50% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Toast filings at SEC.gov ↗