secwatch.observer — SEC 8-K summary
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Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001650164-26-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Toast Q4 net income $101M; ARR >$2B (+26% YoY); adds $500M buyback
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- Added record 30,000 net locations in 2025; total locations 164,000 (+22% YoY).
- Q4 GAAP net income $101M vs $33M YoY; Adjusted EBITDA $163M vs $111M YoY.
- ARR surpassed $2.0B as of Dec 31, 2025, up 26% YoY; full-year GPV $195.1B (+23%).
- Board authorized $500M increase to share repurchase program; no expiration date.
- Full-year 2025 free cash flow $608M vs $306M in 2024; FCF margin expanded.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000165016426000050/0001650164-26-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000165016426000050/tost-20260210.htm
  HTML page:      https://secwatch.observer/filing/0001650164-26-000050

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