earnings
confidence high
sentiment positive
materiality 0.80
Toast Q1 revenue up 90% to $535M; adds record 5,000+ net new locations
Toast, Inc.
2022-Q1 EPS reported
-$0.20
revenue$535,000,000
- Added over 5,000 net new locations in Q1 (first time); total locations ~62,000 (+45% YoY).
- Revenue $535M (+90% YoY); subscription revenue growth accelerated to 103% YoY.
- ARR $637M (+66% YoY); GPV $17.8B (+98% YoY).
- Net loss narrowed to $23M from $99M YoY; Adjusted EBITDA -$45M vs +$4M.
- Free cash flow -$50M vs -$13M in prior year.