secwatch.observer — SEC 8-K summary
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Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001650164-23-000304
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000165016423000304/0001650164-23-000304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000165016423000304/tost-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001650164-23-000304

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