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Jun 30, 2022
Toast Q2 2022 Earnings Report
Toast sustained operating momentum with a record number of net new locations and strong revenue growth.
Key Takeaways
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.
Total locations increased over 40% year-over-year to approximately 68,000.
Revenue grew 58% year-over year to $675 million.
ARR as of June 30, 2022 was $787 million, up 59% year-over-year.
Gross Payment Volume (GPV) increased 62% year-over-year to $23.3 billion.
Revenue by Segment
Forward Guidance
For the third quarter ending September 30, 2022, Toast expects to report revenue in the range of $700 million to $730 million and Adjusted EBITDA in the range of $(40) million to $(30) million. For the full year ending December 31, 2022, Toast expects to report revenue in the range of $2,620 million to $2,660 million and Adjusted EBITDA in the range of $(160) million to $(140) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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