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

Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001650164-25-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000165016425000066/0001650164-25-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000165016425000066/tost-20250219.htm
  HTML page:      https://secwatch.observer/filing/0001650164-25-000066

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