---
schema_version: "secwatch.filing_event.v1"
accession: "0001650164-23-000167"
form_type: "8-K"
ticker: "TOST"
cik: "0001650164"
company_name: "Toast, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:19:17.279680+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001650164-23-000167
- form_type: 8-K
- ticker: TOST
- cik: 0001650164
- company_name: Toast, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650164/000165016423000167/0001650164-23-000167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650164/000165016423000167/tost-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650164-23-000167
- JSON: https://secwatch.observer/filing/0001650164-23-000167.json
- Plain text: https://secwatch.observer/filing/0001650164-23-000167.txt

## Key facts
- Earnings Releases
  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
  source text: Revenue grew 53% year-over year to $819 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650164/000165016423000167/0001650164-23-000167-index.htm
- Earnings Releases
  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
  source text: Net loss was $(81) million in Q1 2023 compared to net loss of $(23) million in Q1 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650164/000165016423000167/0001650164-23-000167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.