---
schema_version: "secwatch.filing_event.v1"
accession: "0001650164-24-000282"
form_type: "8-K"
ticker: "TOST"
cik: "0001650164"
company_name: "Toast, Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:18:54.364549+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Toast reports first GAAP operating income of $5M, net income $14M; adds record 8,000 net locations

## Summary
- 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.

## SEC filing metadata
- accession: 0001650164-24-000282
- form_type: 8-K
- ticker: TOST
- cik: 0001650164
- company_name: Toast, Inc.
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650164/000165016424000282/0001650164-24-000282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650164/000165016424000282/tost-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650164-24-000282
- JSON: https://secwatch.observer/filing/0001650164-24-000282.json
- Plain text: https://secwatch.observer/filing/0001650164-24-000282.txt

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