Toast Q1 2023 Earnings Report
Key Takeaways
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.
ARR as of March 31, 2023 was $987 million, up 55% year-over-year.
Gross Payment Volume (GPV) increased 50% year-over-year to $26.7 billion.
Total locations increased nearly 40% year-over-year to approximately 85,000, with net new locations of over 5,500 in Q1 2023.
Revenue grew 53% year-over year to $819 million.
Toast
Toast
Toast Revenue by Segment
Forward Guidance
For the second quarter ending June 30, 2023, Toast expects to report: Revenue in the range of $920 million to $950 million and Adjusted EBITDA in the range of $(10) million to $0. For the full year ending December 31, 2023, Toast expects to report: Revenue in the range of $3,710 million to $3,800 million and Adjusted EBITDA in the range of $(10) million to $10 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income