---
schema_version: "secwatch.filing_event.v1"
accession: "0001650164-25-000175"
form_type: "8-K"
ticker: "TOST"
cik: "0001650164"
company_name: "Toast, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:40:21.553417+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Toast Q1 2025: Net income $56M vs loss; ARR $1.7B up 31% YoY

## Summary
- Added over 6,000 net new locations; total ~140,000 up 25% YoY.
- Signed Applebee's deal, largest in company history, plus Topgolf.
- GAAP net income $56M (vs loss of $83M in Q1 2024); Adjusted EBITDA $133M (vs $57M).
- GPV $42.2B up 22% YoY; ARR $1.7B up 31%.
- Free Cash Flow $69M (vs -$33M); operating cash flow $79M (vs -$20M).

## SEC filing metadata
- accession: 0001650164-25-000175
- form_type: 8-K
- ticker: TOST
- cik: 0001650164
- company_name: Toast, Inc.
- filed_at: 2025-05-08T23:59:59+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/1650164/000165016425000175/0001650164-25-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650164/000165016425000175/tost-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650164-25-000175
- JSON: https://secwatch.observer/filing/0001650164-25-000175.json
- Plain text: https://secwatch.observer/filing/0001650164-25-000175.txt

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