---
schema_version: "secwatch.filing_event.v1"
accession: "0001650164-23-000304"
form_type: "8-K"
ticker: "TOST"
cik: "0001650164"
company_name: "Toast, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:12:07.272542+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001650164-23-000304
- form_type: 8-K
- ticker: TOST
- cik: 0001650164
- company_name: Toast, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650164/000165016423000304/0001650164-23-000304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650164/000165016423000304/tost-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650164-23-000304
- JSON: https://secwatch.observer/filing/0001650164-23-000304.json
- Plain text: https://secwatch.observer/filing/0001650164-23-000304.txt

## Key facts
- Earnings Releases
  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
  source text: $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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650164/000165016423000304/0001650164-23-000304-index.htm

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