{"schema_version":"secwatch.filing_event.v1","accession":"0001650164-24-000069","form_type":"8-K","ticker":"TOST","cik":"0001650164","company_name":"Toast, Inc.","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.978880+00:00","generated_at":"2026-06-06T01:17:51.368831+00:00","sec_items":["2.02","2.05","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Toast Q4 revenue $1.0B (+35%); ARR $1.2B; positive Adj EBITDA; $250M buyback; 550 layoffs","bullets":["Q4 revenue $1.0B (+35% YoY); GPV $33.7B (+32%); total locations 106,000 (+34%); added 6,500 net new locations.","Q4 net loss $36M vs $99M YoY; Adj EBITDA $29M vs -$18M; expects GAAP operating income profit by H1 2025.","Full year 2023 revenue $3.9B (+42%); GPV $126.1B (+38%); net loss $246M vs $275M; Adj EBITDA $61M vs -$115M.","Restructuring plan approved: ~550 employees impacted; expects $45-55M charges in Q1 2024; completion by end of FY2024.","Board authorized $250M share repurchase program with no expiration; repurchases may be made via open market or 10b5-1 plans."],"urls":{"canonical":"https://secwatch.observer/filing/0001650164-24-000069","json":"https://secwatch.observer/filing/0001650164-24-000069.json","markdown":"https://secwatch.observer/filing/0001650164-24-000069.md","text":"https://secwatch.observer/filing/0001650164-24-000069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1650164/000165016424000069/0001650164-24-000069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1650164/000165016424000069/tost-20240215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:17:51.368831+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a64aeddc83149b0169918a093f7d270fd61c2c3e","claim":"Toast, Inc. announced a restructuring with charges of approximately $45 to $55 million (approximately 550 employees).","evidence_excerpt":"Plan by the end of fiscal year 2024. As part of this Restructuring Plan, the Company expects to incur restructuring and restructuring-related charges of approximately $45 to $55 million, primarily related to severance and severance-related costs and certain other costs related to facilities. Substantially all of these charges are expected to be","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1650164/000165016424000069/0001650164-24-000069-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $45 to $55 million"},{"label":"Headcount","value":"approximately 550 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}