Toast Inc (TOST) - Net Assets
Based on the latest financial reports, Toast Inc (TOST) has net assets worth $2.12 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.15 Billion) and total liabilities ($1.02 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TOST cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.12 Billion |
| % of Total Assets | 67.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | 94.68% |
| 10-Year Change | N/A |
| Growth Volatility | 14.93 |
Toast Inc - Net Assets Trend (2019–2025)
This chart illustrates how Toast Inc's net assets have evolved over time, based on quarterly financial data. Also explore Toast Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Toast Inc (2019–2025)
The table below shows the annual net assets of Toast Inc from 2019 to 2025. For live valuation and market cap data, see TOST company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.12 Billion | +37.48% |
| 2024-12-31 | $1.54 Billion | +29.40% |
| 2023-12-31 | $1.19 Billion | +8.74% |
| 2022-12-31 | $1.10 Billion | +0.64% |
| 2021-12-31 | $1.09 Billion | +331.65% |
| 2020-12-31 | $-470.98 Million | -42.54% |
| 2019-12-31 | $-330.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Toast Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 87607900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $2.00 Million | 0.09% |
| Other Components | $3.38 Billion | 159.32% |
| Total Equity | $2.12 Billion | 100.00% |
Toast Inc Competitors by Market Cap
The table below lists competitors of Toast Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nippon Sanso Holdings Corp.
NYSE:NPXYY
|
$15.25 Billion |
|
VODACOM GROUP LTD. SP.ADR
F:5VD0
|
$15.26 Billion |
|
LI AUTO INC. (SP.ADR)/2
F:L87A
|
$15.28 Billion |
|
Falabella
SN:FALABELLA
|
$15.29 Billion |
|
AB Volvo (publ)
ST:VOLV-A
|
$15.24 Billion |
|
China Railway Group Limited
SHG:601390
|
$15.22 Billion |
|
Posco Chemical Co Ltd
KO:003670
|
$15.19 Billion |
|
Han'S Laser Tech A
SHE:002008
|
$15.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toast Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,545,000,000 to 2,124,000,000, a change of 579,000,000 (37.5%).
- Net income of 342,000,000 contributed positively to equity growth.
- Share repurchases of 107,000,000 reduced equity.
- New share issuances of 81,000,000 increased equity.
- Other comprehensive income increased equity by 3,000,000.
- Other factors increased equity by 260,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $342.00 Million | +16.1% |
| Share Repurchases | $107.00 Million | -5.04% |
| Share Issuances | $81.00 Million | +3.81% |
| Other Comprehensive Income | $3.00 Million | +0.14% |
| Other Changes | $260.00 Million | +12.24% |
| Total Change | $- | 37.48% |
Book Value vs Market Value Analysis
This analysis compares Toast Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.72 | $29.11 | x |
| 2020-12-31 | $-1.02 | $29.11 | x |
| 2021-12-31 | $2.17 | $29.11 | x |
| 2022-12-31 | $2.14 | $29.11 | x |
| 2023-12-31 | $2.24 | $29.11 | x |
| 2024-12-31 | $2.61 | $29.11 | x |
| 2025-12-31 | $3.50 | $29.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toast Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.10%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.56%
- • Asset Turnover: 1.96x
- • Equity Multiplier: 1.48x
- Recent ROE (16.10%) is above the historical average (-10.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -31.43% | 2.18x | 0.00x | $-175.96 Million |
| 2020 | 0.00% | -30.13% | 1.06x | 0.00x | $-200.90 Million |
| 2021 | -44.64% | -28.56% | 0.98x | 1.59x | $-596.10 Million |
| 2022 | -25.05% | -10.07% | 1.55x | 1.60x | $-384.80 Million |
| 2023 | -20.60% | -6.36% | 1.97x | 1.64x | $-365.40 Million |
| 2024 | 1.23% | 0.38% | 2.01x | 1.59x | $-135.50 Million |
| 2025 | 16.10% | 5.56% | 1.96x | 1.48x | $129.60 Million |
Industry Comparison
This section compares Toast Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $569,632,955
- Average return on equity (ROE) among peers: -7638.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Toast Inc (TOST) | $2.12 Billion | 0.00% | 0.48x | $15.25 Billion |
| ACI Worldwide Inc (ACIW) | $122.87 Million | 11.66% | 1.15x | $4.34 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $228.44 Million | -65.37% | 0.13x | $821.47 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $25.09K | -76047.36% | 3.26x | $906.22 Million |
| Axe Compute Inc. (AGPU) | $-2.19 Million | 0.00% | 0.00x | $24.93 Million |
| C3 Ai Inc (AI) | $1.06 Billion | -5.25% | 0.13x | $1.26 Billion |
| iLearningEngines, Inc. (AILE) | $22.26 Million | -19.80% | 1.11x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $27.25 Million | -42.47% | 0.93x | $437.32 Million |
| Airship AI Holdings Inc (AISP) | $-17.49 Million | 0.00% | 0.00x | $83.39 Million |
| AIxCrypto Holdings, Inc. (AIXC) | $2.68 Million | -233.64% | 0.75x | $5.68 Million |
| Akamai Technologies Inc (AKAM) | $4.25 Billion | 13.10% | 0.83x | $15.05 Billion |
About Toast Inc
Toast, Inc. operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, India, and internationally. It offers a platform of software-as-a-service for restaurant operations and point of sale, such as Toast POS; Toast IQ, a conversational artificial intelligence; vendor management; multi-location management; kitchen display system; online ordering a… Read more