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Jun 30, 2023
Toast Q2 2023 Earnings Report
Toast delivered record results driven by ARR growth and Adjusted EBITDA profitability.
Key Takeaways
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.
ARR reached $1.1 billion, up 45% year-over-year.
Gross Payment Volume (GPV) increased 38% year-over-year to $32.1 billion.
Total locations increased over 35% year-over-year to approximately 93,000, with net new locations of over 7,500 in Q2 2023.
The company achieved positive Adjusted EBITDA for the first time since its IPO.
Revenue by Segment
Forward Guidance
For the third quarter ending September 30, 2023, Toast expects revenue in the range of $1,010 million to $1,040 million and Adjusted EBITDA in the range of $15 million to $25 million. For the full year ending December 31, 2023, Toast expects revenue in the range of $3,810 million to $3,870 million and Adjusted EBITDA in the range of $15 million to $35 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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