Toast annual net debt
2020
2021
2022
2023
2024
2025
Toast Net Debt Growth & History (TOST)
Toast's net debt was −$1.33B for fiscal 2025.
View full Toast company overviewToast annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$1.33B | −$464.0M | — |
| 2024 | 2024-12-31 | −$869.0M | −$308.0M | — |
| 2023 | 2023-12-31 | −$561.0M | −$108.0M | — |
| 2022 | 2022-12-31 | −$453.0M | $257.0M | — |
| 2021 | 2021-12-31 | −$710.0M | −$300.0M | — |
| 2020 | 2020-12-31 | −$410.0M | — | — |
Toast quarterly net debt
Q4.20
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
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | −$1.08B | −$98.0M | — |
| Q4 2025 | 2025-12-31 | −$1.33B | −$464.0M | — |
| Q3 2025 | 2025-09-30 | −$1.34B | −$616.0M | — |
| Q2 2025 | 2025-06-30 | −$1.18B | −$524.0M | — |
| Q1 2025 | 2025-03-31 | −$983.0M | −$446.0M | — |
| Q4 2024 | 2024-12-31 | −$869.0M | −$308.0M | — |
| Q3 2024 | 2024-09-30 | −$723.0M | −$241.0M | — |
| Q2 2024 | 2024-06-30 | −$651.0M | −$196.0M | — |
| Q1 2024 | 2024-03-31 | −$537.0M | −$178.0M | — |
| Q4 2023 | 2023-12-31 | −$561.0M | −$108.0M | — |
| Q3 2023 | 2023-09-30 | −$482.0M | $68.0M | — |
| Q2 2023 | 2023-06-30 | −$455.0M | $150.0M | — |
| Q1 2023 | 2023-03-31 | −$359.0M | $303.0M | — |
| Q4 2022 | 2022-12-31 | −$453.0M | $257.0M | — |
| Q3 2022 | 2022-09-30 | −$550.0M | $752.0M | — |
| Q2 2022 | 2022-06-30 | −$605.0M | — | — |
| Q1 2022 | 2022-03-31 | −$662.0M | — | — |
| Q4 2021 | 2021-12-31 | −$710.0M | −$300.2M | — |
| Q3 2021 | 2021-09-30 | −$1.30B | — | — |
| Q4 2020 | 2020-12-31 | −$409.8M | — | — |
Toast net debt trends
Over the last five fiscal years, Toast's net debt decreased from −$410.0M to −$1.33B, a change of −$923.0M. The latest reported quarter, Q1 2026, shows −$1.08B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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