Quick Answer
Toast, Inc. reported R&D Expense of $374.00 million for fiscal year 2025.
Toast, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $374.00M | +6.6% |
| 2024 | $351.00M | -2.0% |
| 2023 | $358.00M | +27.0% |
| 2022 | $282.00M | +73.0% |
| 2021 | $163.00M | +49.5% |
| 2020 | $109.00M | +70.3% |
| 2019 | $64.00M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $102.00M | +14.6% | +12.1% |
| June 30, 2025 | $91.00M | +4.6% | +8.3% |
| March 31, 2025 | $84.00M | +1.2% | -5.6% |
| September 30, 2024 | $89.00M | +2.3% | +2.3% |
| June 30, 2024 | $87.00M | -5.4% | +4.8% |
| March 31, 2024 | $83.00M | -2.4% | -4.6% |
| September 30, 2023 | $87.00M | +17.6% | -5.4% |
| June 30, 2023 | $92.00M | +37.3% | +8.2% |
- Toast, Inc. showed an increase of +6.6% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, Toast, Inc.’s r&d expense has grown by 484.4% (from $64.00 million to $374.00 million).
- The most recent figure is from Toast, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 18, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
Last verified: