earnings
confidence high
sentiment neutral
materiality 0.75
Toast Q3 revenue $752M (+55% YoY); ARR $868M (+60%); net loss narrows to $98M
Toast, Inc.
2022-Q3 EPS reported
-$0.54
revenue$1,963,000,000
- Revenue $752M (+55% YoY); GPV $25.2B (+53%); total locations ~74,000 (+40%).
- ARR as of Sep 30 $868M, up 60% YoY; exceeded $100B annualized GPV for first time.
- Net loss $98M vs $254M in Q3 2021; Adjusted EBITDA -$19M vs -$12M.
- Gross profit $151M (+82% YoY); Non-GAAP gross profit $164M (+78% YoY).
- Net cash used in ops -$69M; Free cash flow -$80M vs -$22M in Q3 2021.