secwatch.observer — SEC 8-K summary
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Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001650164-23-000167
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000165016423000167/0001650164-23-000167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000165016423000167/tost-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001650164-23-000167

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