Toast reported its first GAAP-profitable year, with revenue growing significantly year-over-year. The company added a record number of new locations and saw strong growth in subscription services and financial technology solutions.
Toast reported a strong third quarter with significant growth in key metrics. The company added approximately 7,000 net new locations, grew ARR by 28% to $1.6 billion, and increased GPV by 24% to $41.7 billion. GAAP net income was $56 million, a significant improvement from the previous year's net loss. The company also provided guidance for the fourth quarter and full year, expecting continued growth and profitability.
Toast reported a strong second quarter with significant growth in key areas. The company added approximately 8,000 net new locations, achieved GAAP profitability, and saw a 29% increase in Annualized Recurring Run-rate (ARR) to $1.5 billion. Gross Payment Volume (GPV) also increased by 26% year-over-year.
Toast reported strong first-quarter results with a 30% increase in Gross Payment Volume (GPV) to $34.7 billion and a 32% increase in ARR to $1.3 billion. The company added over 6,000 net new locations. While GAAP net loss was $(83) million, Adjusted EBITDA was $57 million.
Toast reported a strong Q4 2023 with a 35% increase in revenue to $1.0 billion, a 32% increase in Gross Payment Volume (GPV) to $33.7 billion, and a 35% increase in ARR to $1.2 billion. The company also saw improvements in profitability, with net loss decreasing to $(36) million and free cash flow increasing to $81 million.
Toast reported a strong Q3 2023, with revenue reaching $1,032 million, a 37% year-over-year increase. ARR grew by 40% to $1,218 million, and GPV increased by 34% to $33.7 billion. The company also saw a significant reduction in net loss, from $(98) million in Q3 2022 to $(31) million in Q3 2023, and achieved an adjusted EBITDA of $35 million compared to $(19) million in the same period last year.
Toast reported record results in Q2 2023, including exceeding $1B in ARR, achieving Adjusted EBITDA profitability, and positive free cash flow for the first time since its IPO. Revenue grew 45% year-over-year to $978 million.
Toast reported a 53% year-over-year increase in revenue to $819 million. ARR grew 55% year-over-year to $987 million. The company added over 5,500 net new locations in Q1 2023 and GPV increased 50% year-over-year to $26.7 billion.
Toast reported a 50% year-over-year increase in revenue for Q4 2022, reaching $769 million. The company's ARR grew by 59% to $901 million, and GPV increased by 49% to $25.5 billion. While the company experienced a net loss of $99 million, gross profit saw a significant increase of 116%.
Toast reported strong Q3 2022 results with a 55% year-over-year revenue increase to $752 million. The company surpassed $100 billion in annualized GPV for the first time and ARR grew 60% year-over-year. Net loss was $98 million, an improvement from the $254 million net loss in Q3 2021.
Toast reported strong second-quarter results, with revenue growing 58% year-over-year to $675 million. The company added over 6,000 net new locations, and ARR grew 59% year-over-year to $787 million. However, the company's net loss was $54 million compared to net loss of $135 million in Q2 2021.
Toast's first quarter 2022 financial results showed significant growth, with revenue increasing by 90% year-over-year to $535 million. The company added over 5,000 net new locations and achieved a 66% year-over-year growth in ARR, reaching $637 million. Gross Payment Volume (GPV) also saw substantial growth, increasing by 98% year-over-year to $17.8 billion.
Toast reported a strong fourth quarter and full year 2021, with significant growth in revenue, ARR, and GPV. The company's focus on its customers and consistent execution led to record results, as the restaurant industry showed tremendous demand for the Toast platform.
Toast reported strong third-quarter results, with revenue increasing by 105% year-over-year to $486.4 million. The company's ARR grew by 77% year-over-year to $543.8 million, and GPV increased by 123% year-over-year to $16.5 billion.