Toast Q2 revenue $978M (+45%), ARR $1.1B, first positive Adj. EBITDA

Toast, Inc.

2023-Q2 EPS reported -$0.34 revenue$1,797,000,000

ARR reached $1.1B (+45% YoY); GPV $32.1B (+38%); record net new location adds of 7,500.
Revenue $978M (+45%); gross profit $208M (+84%); Non-GAAP gross profit $225M (+80%).
Net loss $98M (vs $54M loss in Q2 2022); Adjusted EBITDA positive $15M (vs -$33M).
Free cash flow $39M positive (vs -$30M in Q2 2022); first positive FCF and Adj. EBITDA since IPO.

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 second quarter ended June 30, 2023 results: revenue $978 million, net income $(98) million.

Period: second quarter ended June 30, 2023
Revenue: $978 million
Net income: $(98) million
Result: reported results

Exact text from the filing

$32.1 billion. • Total locations increased over 35% year-over-year to approximately 93,000, with net new locations of over 7,500 in Q2 2023. • Revenue grew 45% year-over year to $978 million. • Gross profit of $208 million was up 84% year-over-year. Non-GAAP gross profit grew 80% year-over year to $225 million. • Net loss was $(98) million in Q2 2023 compared to net

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Source: SEC EDGAR

accession 0001650164-23-000304

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