earnings
confidence high
sentiment positive
materiality 0.85
Toast reports first GAAP operating income of $5M, net income $14M; adds record 8,000 net locations
Toast, Inc.
2024-Q2 EPS reported
-$0.13
revenue$2,318,000,000
- ARR $1.5B (+29% YoY); added record ~8,000 net locations; total locations ~120,000 (+29% YoY).
- GAAP operating income $5M vs loss $80M; net income $14M vs loss $98M; Adj. EBITDA $92M vs $15M.
- GPV $40.5B (+26% YoY); subscription & fintech gross profit $330M (+27% GAAP), $344M non-GAAP (+29%).
- Free Cash Flow $108M vs $39M; net cash from ops $124M vs $50M in Q2 2023.