Toast (TOST) r&d spend was $374M in FY2025 (+7% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$374M
+7%
2024
$351M
-2%
2023
$358M
+27%
2022
$282M
+73%
2021
$163M
+50%
2020
$109M
+70%
2019
$64M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$109M
Q1 2026
$97M
Q4 2025
$97M
Q3 2025
$102M
Q2 2025
$91M
Q1 2025
$84M
Q4 2024
$93M
Q3 2024
$89M
Q2 2024
$87M
Q1 2024
$83M
Q4 2023
$94M
Q3 2023
$87M
Source: TOST on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.