Toast reports Q4 net income $33M, first full-year GAAP profit; ARR up 34% to $1.6B

Toast, Inc.

2024-FY EPS reported $0.03 revenue$4,960,000,000

ARR reached $1.6B (+34% YoY); record 28,000 net locations added in 2024, ending with ~134,000 locations.
Q4 GAAP net income $33M vs net loss $36M in Q4 2023; Q4 Adjusted EBITDA $111M (up from $29M).
Full-year 2024 GAAP net income $19M, first GAAP-profitable year; Adjusted EBITDA $373M (up from $61M).
Q4 GPV $42.2B (+25% YoY); full-year GPV $159.1B (+26% YoY).
Q4 Non-GAAP subscription & fintech gross profit $392M (+39% YoY); Free Cash Flow $134M.

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