secwatch.observer — SEC 8-K summary
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Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001650164-24-000282
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000165016424000282/0001650164-24-000282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000165016424000282/tost-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001650164-24-000282

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer