Company / R&D Expense
Toast, Inc. R&D Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$374.0M
FY2025
5-year range
$163.0M / $374.0M
FY2021-FY2025
Trend
+6.6%
vs FY2024
Sector context
#78 of 263
Information Technology
What the data says
At $374M, Toast, Inc.'s r&d expense ranks #78 of 263 in the Information Technology sector. Improved from $358M to $374M over the past 2 years.
Based on SEC 10-K filings.
$374M in FY2025 with a 5-year CAGR of +28.0%.
Improved from $358M to $374M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +9.9%
- 5-Year CAGR
- +28.0%
- 10-Year CAGR
- -
Sector benchmark
#78 of 263 in Information TechnologyTop 30% of 263This company $374.0M Sector average $927.0M
▼
-59.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +28.0%, indicating consistent growth.
- In FY2025, r&d expense increased 6.6% year-over-year.
- Ranks #78 out of 263 companies in the Information Technology sector.
- Lowest r&d expense in the period was in FY2019.
Company context
Key Data Points
- Altman Z-Score 3.16 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $374.0M | +6.6% |
| FY2024 | $351.0M | -2.0% |
| FY2023 | $358.0M | +27.0% |
| FY2022 | $282.0M | +73.0% |
| FY2021 | $163.0M | +49.5% |
| FY2020 | $109.0M | +70.3% |
| FY2019 | $64.0M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026