Toast Inc-A 2026年季度报告

Washington, D.C. 20549FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from to Commission File Number 001-40819 Toast, Inc. (Exact name of registrant as specified in its charter) (617) 297-1005(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ The registrant had outstanding 516 million shares of Class A common stock and 64 million shares of Class B commonstock as of May4, 2026. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements about us and our industry that involvesubstantial risks and uncertainties. All statements other than statements of historical facts contained in this QuarterlyReport on Form 10-Q, including statements regarding our future results of operations, financial condition, businessstrategy, plans and objectives of management for future operations, our market opportunity and the potential growth ofthat market, our liquidity and capital needs and other similar matters, are forward-looking statements. In some cases, youcan identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,”“continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or“would,” or the negative of these words or other similar terms or expressions. These forward-looking statements are basedonmanagement’s current expectations and assumptions about future events,which are inherently subject touncertainties, risks, and changes in circumstances that are difficult to predict. Forward-looking statements contained inthis Quarterly Report on Form 10-Q include, but are not limited to, statements concerning the following: •our future financial performance, including our profitability, revenue, costs of revenue or expenses, or otheroperating results;•our ability to successfully execute our business and growth strategy;•anticipated trends and growth rates in our business and in the markets in which we operate;•our ability to effectively manage our growth and future expenses;•our anticipated investments in sales and marketing and research and development;•our ability to maintain the security and availability of our platform;•our ability to increase the number of customers using our platform;•our ability to retain, and to sell additional products and services to, our existing customers;•our ability to successfully expand in our existing markets and into new markets;•our expectations concerning relationships with third parties;•our estimated total addressable market;•our ability to compete effectively with existing competitors and new market entrants;•the attraction and retention of qualified employees and key personnel and the impacts of any restructuringactivities;•the impact of our share repurchase program;•our ability to maintain, protect and enhance our intellectual property;•our ability to comply with modified or new laws and regulations applying to our business;•our ability to successfully defend litigation brought against us;•our ability to prevent and successfully remediate material weaknesses, if any, in internal controls over financialreporting;•the impact of global financial, economic, political, and health events, such as U.S. presidential admi