Toast, Inc. Reports Strong Q2 2025 Growth and New Partnerships

Toast, Inc. Class A ( (TOST) ) has released its Q2 earnings. Here is a breakdown of the information Toast, Inc. Class A presented to its investors.

Toast, Inc., a leading cloud-based digital technology platform, specializes in providing comprehensive software and financial technology solutions for the restaurant industry, helping streamline operations and enhance guest experiences. In its second quarter of 2025, Toast reported significant growth, adding a record 8,500 new locations and achieving a 31% increase in annualized recurring run-rate to $1.9 billion. The company also announced a strategic partnership with American Express to enhance dining experiences and expand its market reach.

Key financial metrics for the quarter included a net income of $80 million and an adjusted EBITDA of $161 million, reflecting a strong performance compared to the previous year. The gross payment volume rose by 23% to $49.9 billion, while the company’s total locations increased by 24% year-over-year to approximately 148,000. Toast’s gross profit from subscription services and financial technology solutions also saw a 35% increase, reaching $447 million.

Toast’s strategic initiatives included launching its first customer in Australia and introducing the Toast Go® 3, a handheld point-of-sale device designed to improve restaurant service efficiency. The partnership with American Express aims to drive more guests to dining venues and enhance personalized hospitality experiences, leveraging the networks of Resy, Tock, and Toast.

Looking ahead, Toast’s management remains optimistic, projecting continued growth in non-GAAP subscription services and financial technology solutions gross profit, with expectations of reaching up to $1,835 million for the full year 2025. The company also anticipates an adjusted EBITDA range of $565 million to $585 million, underscoring its commitment to expanding its global footprint and technological capabilities.