secwatch.observer — SEC 8-K summary
======================================

Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001650164-24-000381
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000165016424000381/0001650164-24-000381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000165016424000381/tost-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001650164-24-000381

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