secwatch.observer — SEC 8-K summary
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Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001650164-22-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Toast Q1 revenue up 90% to $535M; adds record 5,000+ net new locations
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000165016422000027/0001650164-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000165016422000027/tost-20220512.htm
  HTML page:      https://secwatch.observer/filing/0001650164-22-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer