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Toast
🇺🇸 NYSE:TOST
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•
Sep 30, 2021

Toast Q3 2021 Earnings Report

Delivered strong results with revenue growing 105% year-over-year and GPV growing 123% year-over-year.

Key Takeaways

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.

Revenue for the third quarter of 2021 was $486.4 million, an increase of 105% from the third quarter of 2020.

ARR as of September 30, 2021 was $543.8 million, an increase of 77% as compared to September 30, 2020.

GPV for the third quarter of 2021 was $16.5 billion, an increase of 123% from the third quarter of 2020.

Net loss for the third quarter of 2021 was $252.5 million, as compared to $62.6 million in the third quarter of 2020.

Total Revenue
$486M
Previous year: $581M
-16.2%
EPS
-$1.05
Previous year: -$0.94
+11.7%
Gross Payment Volume
$16.5B
Previous year: $7.4B
+123.0%
Annual Recurring Run-Rate
$544M
Previous year: $308M
+76.5%
Gross Profit
$83.3M
Previous year: $48.3M
+72.3%
Cash and Equivalents
$1.3B
Previous year: $612M
+112.8%
Free Cash Flow
-$21.1M
Previous year: -$122M
-82.7%
Total Assets
$1.66B

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Toast Revenue by Segment

Forward Guidance

For the fourth quarter ending December 31, 2021, Toast expects to report revenue in the range of $465 million to $495 million and Adjusted EBITDA in the range of $(50) million to $(40) million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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