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Toast (TOST) R&D spending by quarter

Toast's R&D spending was $103M in Q3 2026 (third quarter 2026), -6% from Q2 2026. Over the last 7 quarters it ranged from $84.0M (Q1 2025) to $109M (Q2 2026).

Toast R&D spending by quarterToast R&D spending by quarter$84.0MQ1 2025$91.0MQ2 2025$102MQ3 2025$97.0MQ4 2025$97.0MQ1 2026$109MQ2 2026$103MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$103M-6%+1%
Q2 2026$109M+12%+20%
Q1 2026$97.0M0%+15%
Q4 2025$97.0M-5%—
Q3 2025$102M+12%—
Q2 2025$91.0M+8%—
Q1 2025$84.0M——

Q3 2026 at a glance

Toast, Q3 2026: revenue $2.0B (+21% year over year), operating margin 8.3%, net earnings $169M, operating cash flow $198M. The chart follows the revenue to costs, profit and cash.

Questions

What is Toast's R&D spending?

Toast's R&D spending was $103M in Q3 2026 (third quarter 2026), -6% from Q2 2026.

How has Toast's R&D spending changed?

Over the last 7 quarters it ranged from $84.0M (Q1 2025) to $109M (Q2 2026).

Q3 2026 results → · How Toast makes money →