Toast Q4 2022 Earnings Report
Key Takeaways
Toast reported a 50% year-over-year increase in revenue for Q4 2022, reaching $769 million. The company's ARR grew by 59% to $901 million, and GPV increased by 49% to $25.5 billion. While the company experienced a net loss of $99 million, gross profit saw a significant increase of 116%.
ARR increased 59% year-over-year to $901 million.
Gross Payment Volume (GPV) increased 49% year-over-year to $25.5 billion.
Total locations increased nearly 40% year-over-year to approximately 79,000.
Revenue grew 50% year-over-year to $769 million.
Toast
Toast
Toast Revenue by Segment
Forward Guidance
For the first quarter ending March 31, 2023, Toast expects revenue in the range of $745 million to $775 million and Adjusted EBITDA in the range of $(30) million to $(20) million. For the full year ending December 31, 2023, Toast expects revenue in the range of $3,570 million to $3,660 million and Adjusted EBITDA in the range of $(30) million to $(10) million.
Positive Outlook
- Revenue in the range of $745 million to $775 million
- Adjusted EBITDA in the range of $(30) million to $(20) million
- Revenue in the range of $3,570 million to $3,660 million
- Adjusted EBITDA in the range of $(30) million to $(10) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income