What is the 13F Pro Quality Score for TOST?

13F Pro ranks Toast, Inc. (TOST) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View TOST's current score at https://13fpro.ai/company/TOST (free sign-up required for the full ranking).

Which hedge funds own the most TOST stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of TOST include BlackRock,, FMR, Capital International Investors. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/TOST as soon as new 13F filings post.

Where does 13F Pro source TOST data?

All Toast, Inc. fundamentals and ownership data come directly from SEC EDGAR. Toast, Inc. files with the SEC under CIK 1650164. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is TOST in?

Toast, Inc. (TOST) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives TOST's revenue?

Per Toast, Inc.'s latest 10-Q filed with the SEC on 2026-08-05, the biggest revenue drivers are: Financial technology solutions ($1,570M, +23% YoY); Subscription services ($290M, +28% YoY); Hardware and professional services ($48M, +2% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/TOST.

What are TOST's largest expenses?

Toast, Inc.'s latest 10-Q reports these as the largest expense items: Total costs of revenue ($1,392M, +20% YoY); Sales and marketing ($166M, +18% YoY); Research and development ($109M, +20% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is TOST research updated on 13F Pro?

TOST's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Toast, Inc.(TOST)Stock Analysis

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Technology →NYSElarge

Institutional-grade research for retail investors

SEC EDGAR: CIK 1650164 TOST stock profile & AI dashboard →

13F Pro Quality Score

69.5/100

Rank #257 of 2,960 stocksTOP 10%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

84.7/100

Profitability

63.9/100

Balance Sheet

94.2/100

Earnings Quality

49.9/100

Free Cash Flow

52.0/100

Institutional Flow

90.3/100

Revenue Scale

82.5/100

Dilution Risk

28.0/100

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Why TOST Scores 70/100

exact factor attribution · 2026-09-10

TOST's composite is driven by revenue growth and scale, held back by shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+6.9 pts

85th pct

Scale

+4.9 pts

83th pct

Capital efficiency

+4.4 pts

94th pct

Profitability

+2.1 pts

64th pct

Institutional flow

+2.0 pts

90th pct

Free cash flow

+0.3 pts

52th pct

Earnings quality

-0.0 pts

50th pct

Earnings growth

-0.0 pts

49th pct

Shareholder dilution

-1.1 pts

28th pct

Latest change (2026-08-05): 70 → 67 · ↓ Revenue growth 85→70

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

TOST Stock Analysis & AI Quality Score

Data updated 2026-09-10

AI stock analysis and institutional research for Toast, Inc. (TOST), a Technology sector company. 13F Pro's AI-powered ranking engine scores TOST at 69.5/100 on a 32-signal composite quality model, placing it at rank #257 of 2,960 stocks — the top 10% of the AI-ranked universe. TOST scores in the top quartile across balance sheet strength (94.2), institutional flow (90.3), revenue growth (84.7). Shareholder dilution risk is elevated at 28.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Toast, Inc. reports quarterly revenue of $1.9B, net income of $154.0M, an operating margin of 8.0%. Top institutional holders of TOST by reported 13-F value include BlackRock, FMR, Capital International Investors, based on the most recent SEC filings. TOST trades on the NYSE exchange and files with the SEC under CIK 1650164. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TOST daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Toast, Inc. directly from SEC EDGAR. Toast, Inc.'s 13F Pro composite quality score has ranged between 41 and 74 since 2022, currently 69.5 — an improving long-term trajectory across 64 quarterly and live scoring snapshots.

✦

Fun facts about Toast, Inc.

Quirks, history, and lore behind TOST — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. software-as-a-service company · mid-cap · listed on NYSE · headquartered in Boston, Massachusetts.
2
The Numbers
Annual revenue in the roughly $1 billion range, growing fast — but it has spent years burning cash while chasing a single, highly fragmented vertical market.
3
The History
Founded in the early 2010s, it went public around 2021 and quickly became one of the more closely watched IPOs in the restaurant-tech space.
4
The Secret
It doesn't just sell software — it bundles point-of-sale hardware, payroll tools, online ordering, and marketing into one platform so its customers never have to leave the ecosystem.
5
The Lore
Its name is a knowing nod to the brutal failure rate of the industry it serves — roughly 60% of restaurants close within their first year.
6
The Giveaway
It's the all-in-one operating system you see on the counter at your favorite brunch spot — those sleek black terminals taking your eggs-Benedict order and your credit card.

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What's Driving TOST's Business? Latest 10-Q Breakdown

✓ 38/38 datapoints verified

AI-extracted from Toast, Inc.'s 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue rose 23% to $1,908M with operating income nearly doubling to $152M and net income of $154M, as Locations grew 22% to ~180,000.

Biggest Revenue Drivers

Financial technology solutions$1,570M+23% YoY

Higher number of Locations on the Toast platform and continued product adoption; GPV grew 22% to $60.7B.

Subscription services$290M+28% YoY

Higher number of Locations on the Toast platform and continued product adoption.

Biggest Revenue Drivers

Total revenue: $1,908M+23% YoY

Financial technology solutions$1,570M+23% YoY

Higher number of Locations on the Toast platform and continued product adoption; GPV grew 22% to $60.7B.

Subscription services$290M+28% YoY

Higher number of Locations on the Toast platform and continued product adoption.

Hardware and professional services$48M+2% YoY

Largest Expense Items

Total costs of revenue$1,392M+20% YoY

Higher financial technology solutions costs associated with increased gross payment volume, offset by a one-time benefit of approximately $10 million related to tariff refunds.

Sales and marketing$166M+18% YoY

Primarily driven by higher employee-related costs.

Research and development$109M+20% YoY

Primarily driven by higher employee-related costs.

General and administrative$89M+13% YoY

Primarily driven by higher employee-related costs.

Margins: Gross profit rose to $516M from $392M as costs of revenue grew 20% versus 23% revenue growth; cost growth tracked gross payment volume, aided by a ~$10 million one-time tariff refund benefit.

Watch Items from the Filing

FTC sent a draft complaint and proposed settlement order in June 2026; the Company cannot estimate possible loss and says resolution could materially adversely impact results.
Contingent liability for expected credit losses on serviced loans rose to $53M from $33M a year ago; quarterly credit loss expense was $18M versus $11M.
Non-cancellable hardware supplier commitments of $194M all due within 12 months; inventories nearly doubled to $217M from $114M at December 31, 2025.
Repurchased $159M of Class A stock in the quarter ($486M year-to-date), leaving only about $100M authorized as of June 30, 2026.
Full valuation allowance maintained against U.S. net deferred tax assets; a portion or all could be released in the next 12 months, timing uncertain.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.9B

Net Income

Q2 2026

$154.0M

Free Cash Flow

Q2 2026

$130.0M

Operating Margin

Q2 2026

8.0%

ROIC

Q2 2026

29.7%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+24.1% YoY

$6.15BFY 2025

FY22 $2.73BFY23 $3.87BFY24 $4.96BFY25 $6.15B

Net Income

+1700.0% YoY

$342.0MFY 2025

FY22 $-275.0MFY23 $-246.0MFY24 $19.0MFY25 $342.0M

Operating Income

+1725.0% YoY

$292.0MFY 2025

FY22 $-384.0MFY23 $-287.0MFY24 $16.0MFY25 $292.0M

EPS (Diluted)

+1766.7% YoY

$0.56FY 2025

FY22 $-0.72FY23 $-0.47FY24 $0.03FY25 $0.56

Total Assets

+30.6% YoY

$3.15BFY 2025

FY22 $1.76BFY23 $1.96BFY24 $2.41BFY25 $3.15B

Total Debt

—FY 2025

FY22 —FY23 —FY24 —FY25 —

Op. Cash Flow

+83.6% YoY

$661.0MFY 2025

FY22 $-156.0MFY23 $135.0MFY24 $360.0MFY25 $661.0M

Free Cash Flow

+98.7% YoY

$608.0MFY 2025

FY22 $-189.0MFY23 $93.0MFY24 $306.0MFY25 $608.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$6.15B +24.1%	$4.96B +28.3%	$3.87B +41.5%	$2.73B +60.2%	$1.71B +107.2%	$823.0M
Net Income	$342.0M +1700.0%	$19.0M +107.7%	$-246.0M +10.5%	$-275.0M +43.5%	$-487.0M -96.4%	$-248.0M
Operating Income	$292.0M +1725.0%	$16.0M +105.6%	$-287.0M +25.3%	$-384.0M -68.4%	$-228.0M -3.6%	$-220.0M
EPS (Diluted)	$0.56 +1766.7%	$0.03 +106.4%	$-0.47 +34.7%	$-0.72 +57.1%	$-1.68 -572.0%	$-0.25
Total Assets	$3.15B +30.6%	$2.41B +23.0%	$1.96B +11.2%	$1.76B +1.5%	$1.74B +123.6%	$776.0M
Total Debt	—	—	—	—	$0.00 -100.0%	$172.0M
Operating Cash Flow	$661.0M +83.6%	$360.0M +166.7%	$135.0M +186.5%	$-156.0M -7900.0%	$2.0M +101.6%	$-125.0M
Free Cash Flow	$608.0M +98.7%	$306.0M +229.0%	$93.0M +149.2%	$-189.0M -1011.8%	$-17.0M +88.9%	$-153.0M

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Available Research

13F Pro tracks comprehensive data for Toast, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of TOST

BlackRock, Inc.
$1.4B48,745,880 sh
FMR LLC
$932.8M33,528,155 sh
Capital International Investors
$744.0M26,744,340 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$614.4M22,085,011 sh
VANGUARD CAPITAL MANAGEMENT LLC
$609.4M21,905,520 sh
JPMORGAN CHASE & CO
$475.0M16,843,519 sh
STATE STREET CORP
$469.8M16,888,718 sh
PRINCIPAL FINANCIAL GROUP INC
$421.9M15,164,024 sh
ValueAct Holdings, L.P.
$393.2M14,134,038 sh
MORGAN STANLEY
$316.9M11,392,209 sh

Fund	Value	Shares
BlackRock, Inc.	$1.4B	48,745,880
FMR LLC	$932.8M	33,528,155
Capital International Investors	$744.0M	26,744,340
VANGUARD PORTFOLIO MANAGEMENT LLC	$614.4M	22,085,011
VANGUARD CAPITAL MANAGEMENT LLC	$609.4M	21,905,520
JPMORGAN CHASE & CO	$475.0M	16,843,519
STATE STREET CORP	$469.8M	16,888,718
PRINCIPAL FINANCIAL GROUP INC	$421.9M	15,164,024
ValueAct Holdings, L.P.	$393.2M	14,134,038
MORGAN STANLEY	$316.9M	11,392,209

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Is TOST a good stock to buy?

13F Pro's AI-powered analysis of Toast, Inc. (TOST) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TOST are available on the TOST stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. TOST is classified as a large company.

Which hedge funds own TOST?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TOST. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Toast, Inc.'s investment landscape.