Toast Q3 net income $56M vs loss a year ago; ARR up 28% to $1.6B

Toast, Inc.

2024-Q3 EPS reported -$0.02 revenue$3,622,000,000

Added ~7,000 net new locations; total locations ~127,000 (+28% YoY).
GPV $41.7B (+24% YoY); subscription & fintech gross profit $365M (+35% YoY).
GAAP income from operations $34M vs loss of $(59)M in Q3 2023.
Adjusted EBITDA $113M vs $35M YoY; free cash flow $97M vs $37M.
CEO cited new product launches (Branded Mobile App, SMS Marketing) and momentum into 2025.

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