Herein we describe a new species of toad (genus Incilius) from Cerro Bollo in western Panama. The new species is unusual among toads in being earless, having sexual dichromatism, hands and feet with webbed digits that lack tubercles, and hypertrophied testes. The type locality of the new species is separated from the type locality of its congener, I. peripatetes, by ∼100 kilometers.