secwatch.observer — SEC 8-K summary
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Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001650164-25-000334
Event type: earnings
Sentiment:  positive
Materiality: 0.82
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Toast Q3 2025: ARR hits $2.0B (+30% YoY), net income $105M, Adj. EBITDA $176M
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- Annualized Recurring Revenue (ARR) crossed $2.0 billion, up 30% year-over-year.
- Net income of $105 million (GAAP) compared to $56 million in Q3 2024; Adjusted EBITDA $176 million vs $113 million.
- Total locations grew 23% YoY to ~156,000; added ~7,500 net new locations in Q3.
- Gross Payment Volume (GPV) rose 24% YoY to $51.5 billion.
- Free Cash Flow of $153 million, up from $97 million a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000165016425000334/0001650164-25-000334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000165016425000334/tost-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001650164-25-000334

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