---
schema_version: "secwatch.filing_event.v1"
accession: "0001650164-25-000066"
form_type: "8-K"
ticker: "TOST"
cik: "0001650164"
company_name: "Toast, Inc."
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T11:55:57.718724+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001650164-25-000066
- form_type: 8-K
- ticker: TOST
- cik: 0001650164
- company_name: Toast, Inc.
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650164/000165016425000066/0001650164-25-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650164/000165016425000066/tost-20250219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650164-25-000066
- JSON: https://secwatch.observer/filing/0001650164-25-000066.json
- Plain text: https://secwatch.observer/filing/0001650164-25-000066.txt

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