---
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"
generated_at: "2026-06-06T01:17:51.368831+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Toast Q4 revenue $1.0B (+35%); ARR $1.2B; positive Adj EBITDA; $250M buyback; 550 layoffs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650164-24-000069
- JSON: https://secwatch.observer/filing/0001650164-24-000069.json
- Plain text: https://secwatch.observer/filing/0001650164-24-000069.txt

## Key facts
- Restructurings & Charges
  Toast, Inc. announced a restructuring with charges of approximately $45 to $55 million (approximately 550 employees).
  - Type: restructuring
  - Charge: approximately $45 to $55 million
  - Headcount: approximately 550 employees
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1650164/000165016424000069/0001650164-24-000069-index.htm

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