Toast Q1 revenue $819M (+53% YoY), ARR $987M (+55%), net loss widens to $81M

Toast, Inc.

2023-Q1 EPS reported -$0.16 revenue$819,000,000

ARR reached $987M as of March 31, 2023, up 55% year-over-year; GPV $26.7B (+50% YoY).
Total locations approximately 85,000 (+40% YoY), with over 5,500 net new locations added in Q1.
Revenue $819M (+53% YoY); GAAP gross profit $174M (+96%); non-GAAP gross profit $189M (+87%).
Net loss $(81)M vs $(23)M in Q1 2022; Adjusted EBITDA improved to $(17)M from $(45)M.
Free cash flow of $(65)M compared to $(50)M in prior year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Toast, Inc. reported first quarter ended March 31, 2023 results: net income $(81) million.

Period: first quarter ended March 31, 2023
Net income: $(81) million
Result: reported results

Exact text from the filing

Revenue grew 53% year-over year to $819 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Toast, Inc. reported first quarter ended March 31, 2023 results: net income $(81) million.

Period: first quarter ended March 31, 2023
Net income: $(81) million
Result: reported results

Exact text from the filing

Net loss was $(81) million in Q1 2023 compared to net loss of $(23) million in Q1 2022.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Toast, Inc. filing history →

Source: SEC EDGAR

accession 0001650164-23-000167

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