Toast Q2 revenue $675M (+58% YoY); net loss $54M; adds 6,000 net locations

Toast, Inc.

2022-Q2 EPS reported -$0.39 revenue$1,210,000,000

Revenue of $675M, up 58% YoY; GPV $23.3B (+62%).
Net loss $54M vs $135M loss in Q2 2021; Adjusted EBITDA $(33)M vs +$11M.
ARR as of June 30 was $787M, up 59% YoY; total locations ~68,000 (+40% YoY).
Free cash flow $(80)M vs +$39M in prior-year quarter.
Added over 6,000 net new locations in the quarter; subscription revenue up 100% YoY.

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