{"schema_version":"ctm-public-research-1.0","id":"toast","name":"Toast","ticker":"TOST","sector":"Restaurant technology","description":"Explore Toast’s documented private funding prices alongside its historical IPO offer, with share-conversion assumptions and sources.","coverage_note":"The five-for-one September 2021 split is already reflected. Preferred table shows equal preferred and common-equivalent counts. Class B maps 1:1 to Class A. Convertible notes are excluded; prices are rounded in the filing.","url":"https://capitaltimemachine.com/private/toast","publisher":"CapitalTimeMachine","dataset_revision":"ctm-research-2026-10-01","dataset_reviewed_on":"2026-09-19","feed_released_on":"2026-10-01","methodology_url":"https://capitaltimemachine.com/methodology","terms_url":"https://capitaltimemachine.com/terms","corrections":"mailto:capitaltimemachine@gmail.com","observations":[{"id":"TOST-E","title":"Series E preferred issuance","note":"The five-for-one September 2021 split is already reflected. Preferred table shows equal preferred and common-equivalent counts. Class B maps 1:1 to Class A. Convertible notes are excluded; prices are rounded in the filing. The displayed date is the financial reporting snapshot; it is not an investment date.","observation_date":"2021-06-30","date_precision":"day","date_role":"historical_table_snapshot","actual_entry_date":null,"value":"5.46","value_qualifier":"","currency":"USD","value_scope":"per_share_issuance_price","share_class":"Series E preferred","share_basis":"retrospectively_split_restated","confidence_class":"A","verification_status":"primary_verified","checked_on":"2026-09-17","source":{"url":"https://www.sec.gov/Archives/edgar/data/1650164/000119312521279379/d166297d424b4.htm","publisher":"SEC · Toast filing","title":"IPO prospectus (Form 424B4)","locator":"Preferred-stock tables, issuances and common shares issuable; September 2021 split note"},"supporting_sources":[],"citation_url":"https://capitaltimemachine.com/private/toast#TOST-E"},{"id":"TOST-F","title":"Series F preferred issuance","note":"The five-for-one September 2021 split is already reflected. Preferred table shows equal preferred and common-equivalent counts. Class B maps 1:1 to Class A. Convertible notes are excluded; prices are rounded in the filing. The displayed date is the financial reporting snapshot; it is not an investment date.","observation_date":"2021-06-30","date_precision":"day","date_role":"historical_table_snapshot","actual_entry_date":null,"value":"9.09","value_qualifier":"","currency":"USD","value_scope":"per_share_issuance_price","share_class":"Series F preferred","share_basis":"retrospectively_split_restated","confidence_class":"A","verification_status":"primary_verified","checked_on":"2026-09-17","source":{"url":"https://www.sec.gov/Archives/edgar/data/1650164/000119312521279379/d166297d424b4.htm","publisher":"SEC · Toast filing","title":"IPO prospectus (Form 424B4)","locator":"Preferred-stock tables, issuances and common shares issuable; September 2021 split note"},"supporting_sources":[],"citation_url":"https://capitaltimemachine.com/private/toast#TOST-F"},{"id":"TOST-OFFER","title":"Toast IPO offer","note":"IPO offering price is an analytical mark, not a current quote or evidence that a private holder could sell at this price.","observation_date":"2021-09-21","date_precision":"day","date_role":"offering_pricing","actual_entry_date":null,"value":"40","value_qualifier":"","currency":"USD","value_scope":"public_offer_price_per_share","share_class":"Common","confidence_class":"A","verification_status":"primary_verified","checked_on":"2026-09-17","source":{"url":"https://www.sec.gov/Archives/edgar/data/1650164/000119312521279379/d166297d424b4.htm","publisher":"SEC · Toast filing","title":"IPO prospectus (Form 424B4)","locator":"Prospectus cover: offering price and prospectus date"},"supporting_sources":[],"citation_url":"https://capitaltimemachine.com/private/toast#TOST-OFFER"}],"calculation_options":{"early_stage_assumptions":null,"ipo_offer_models":[{"id":"TOST-E-IPO","company":"toast","start":"TOST-E","end":"TOST-OFFER","label":"Series E → IPO offer-price mark","conversion_factor":"1","split_adjustment":"already_reflected_do_not_apply_again","reviewed_on":"2026-09-17","basis_note":"The five-for-one September 2021 split is already reflected. Preferred table shows equal preferred and common-equivalent counts. Class B maps 1:1 to Class A. Convertible notes are excluded; prices are rounded in the filing. Fractional share equivalents only; no sale, fees, taxes, dividends or CAGR.","source_url":"https://www.sec.gov/Archives/edgar/data/1650164/000119312521279379/d166297d424b4.htm","source_locators":["Preferred-stock tables, issuances and common shares issuable; September 2021 split note","Prospectus cover","Shares Eligible for Future Sale / Underwriting: selling restrictions"]},{"id":"TOST-F-IPO","company":"toast","start":"TOST-F","end":"TOST-OFFER","label":"Series F → IPO offer-price mark","conversion_factor":"1","split_adjustment":"already_reflected_do_not_apply_again","reviewed_on":"2026-09-17","basis_note":"The five-for-one September 2021 split is already reflected. Preferred table shows equal preferred and common-equivalent counts. Class B maps 1:1 to Class A. Convertible notes are excluded; prices are rounded in the filing. Fractional share equivalents only; no sale, fees, taxes, dividends or CAGR.","source_url":"https://www.sec.gov/Archives/edgar/data/1650164/000119312521279379/d166297d424b4.htm","source_locators":["Preferred-stock tables, issuances and common shares issuable; September 2021 split note","Prospectus cover","Shares Eligible for Future Sale / Underwriting: selling restrictions"]}],"valuation_comparisons":[],"user_entered_private_prices":false,"entered_public_price_review":{"company":"toast","ticker":"TOST","issuer_cik":"1650164","model_ids":["TOST-E-IPO","TOST-F-IPO"],"from_date":"2024-06-10","through_date":"2026-09-19","reviewed_on":"2026-09-19","status":"reviewed_user_price_scenario","historical_only":false,"limitation":"Entered price is unverified. Use the actual common-share price on its dated basis, not a dividend-adjusted or retrospectively split-adjusted history.","listed_equivalent_factor":"1","splits":[],"sources":[{"url":"https://www.sec.gov/Archives/edgar/data/1650164/000119312521279379/d166297d424b4.htm","title":"Original IPO share basis","locator":"Prospectus / offering and capital-stock terms; the existing private-to-IPO model supplies the entry conversion."},{"url":"https://www.sec.gov/Archives/edgar/data/1650164/000165016426000164/tost-20260630.htm","title":"Issuer 10-Q · 2026-08-05","locator":"Common-stock presentation and corporate-action screening. A missing split keyword alone is not evidence of a complete history."},{"url":"https://www.stocksplithistory.com/?symbol=TOST","title":"Supplemental split-history screen","locator":"Dated post-IPO corporate actions only. Ticker reuse can introduce unrelated pre-IPO events; those are excluded. No market quote was copied."}],"review_note":"Entry-to-IPO conversion reuses the approved company-specific model. The post-IPO corporate-action screen matches the issuer CIK and excludes reused ticker history predating its IPO. This is a bounded price-only scenario, not a licensed quote or a certified corporate-action feed."},"public_ipo":null},"limitations":["Historical research and hypothetical arithmetic, not live quotes, investment advice or an offer to invest.","Company valuation changes are not shareholder returns. Financing, dilution, security rights and exit access matter.","IPO offer-price marks are not realized sale proceeds; minimum investments and access are not established.","User-entered prices and valuations are assumptions, not sourced observations. Fee and carry treatment is stated by each method; taxes and distributions are excluded.","Selected surviving companies are not representative of private-market outcomes; investments may lose all value."]}