Toast Q3 2022 Earnings Report
Key Takeaways
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.
Total locations increased over 40% year-over-year to approximately 74,000.
Revenue grew 55% year-over year to $752 million.
ARR as of September 30, 2022 was $868 million, up 60% year-over-year.
Gross Payment Volume (GPV) increased 53% year-over-year to $25.2 billion.
Toast
Toast
Toast Revenue by Segment
Forward Guidance
For the fourth quarter ending December 31, 2022, Toast expects to report revenue in the range of $730 million to $760 million and Adjusted EBITDA in the range of $(30) million to $(20) million. For the full year ending December 31, 2022, Toast expects to report revenue in the range of $2,692 million to $2,722 million and Adjusted EBITDA in the range of $(127) million to $(117) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income