---
schema_version: "secwatch.filing_event.v1"
accession: "0001650164-24-000175"
form_type: "8-K"
ticker: "TOST"
cik: "0001650164"
company_name: "Toast, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T18:51:09.578535+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Toast Q1 2024: ARR $1.3B (+32% YoY), Adj EBITDA $57M vs loss of $17M

## Summary
- Added over 6,000 net new locations; total locations ~112,000 (+32% YoY).
- GAAP net loss $(83)M vs $(81)M YoY; Adjusted EBITDA $57M (improved from $(17)M).
- GPV $34.7B (+30% YoY); Non-GAAP gross profit $268M (+42% YoY).
- Free cash flow improved to $(33)M from $(65)M in Q1 2023.

## SEC filing metadata
- accession: 0001650164-24-000175
- form_type: 8-K
- ticker: TOST
- cik: 0001650164
- company_name: Toast, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650164/000165016424000175/0001650164-24-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650164/000165016424000175/tost-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650164-24-000175
- JSON: https://secwatch.observer/filing/0001650164-24-000175.json
- Plain text: https://secwatch.observer/filing/0001650164-24-000175.txt

## Key facts
- Earnings Releases
  Toast, Inc. reported the first quarter ended March 31, 2024 results: net income $(83) million.
  - Period: the first quarter ended March 31, 2024
  - Net income: $(83) million
  - Result: reported results
  source text: Toast, Inc. announced its financial results for the fiscal quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650164/000165016424000175/0001650164-24-000175-index.htm

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