The earnings call reflects a strong performance in terms of growth and profitability, with significant expansion in new markets and successful partnerships. Despite some challenges, such as a slight decline in GPV per location and anticipated margin pressures, the overall outlook remains positive.

Company Guidance

During the call, Toast provided guidance for the third quarter of 2025, expecting total subscription and fintech gross profit to grow between 23% to 26% year-over-year, with adjusted EBITDA projected to be between $140 million and $150 million. For the full year, Toast raised its outlook to reflect strong performance, now anticipating 29% growth in fintech and subscription gross profit and $575 million in adjusted EBITDA, translating to a margin of 32%, an increase of 5 percentage points compared to 2024. The company's strategy involves investing in growth areas, particularly in expanding their reach in international markets like Australia and increasing their presence in new customer segments like enterprise and retail. Additionally, Toast aims to enhance customer adoption and differentiation through data and AI, as demonstrated by their development of new products like Toast Go 3 and AI-powered features such as ToastIQ.

Record Net Location Additions

Toast achieved a record addition of 8,500 net new locations, indicating strong growth and demand for its platform.

Significant Recurring Gross Profit Growth

Recurring gross profit increased by 35% year-over-year, showcasing the company's strong financial performance.

Expansion into International Markets

Toast launched in Australia, marking its fourth international market, and continues to expand its global presence.

Partnership with American Express

Toast announced a partnership with American Express to integrate reservation listings from Resy, Tock, and Toast Tables into its app, enhancing its service offerings.

Strong Adjusted EBITDA Performance

Adjusted EBITDA reached $161 million, with a margin expansion of 8 percentage points year-over-year to 35%.

Successful Enterprise and Retail Segment Growth

Toast crossed 10,000 live locations across its enterprise, food and beverage retail, and international segments, with these segments on track to surpass $100 million in ARR by the end of the year.

Toast Inc (TOST) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TOST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.23 / -	0.175	―	―	―
Aug 05, 2025	2025 (Q2)	0.23 / 0.25	0.141	76.60% (+0.11)	―
May 08, 2025	2025 (Q1)	0.18 / 0.20	0.029	593.10% (+0.17)	―
Feb 19, 2025	2024 (Q4)	0.17 / 0.18	0.048	275.00% (+0.13)	―
Nov 07, 2024	2024 (Q3)	0.14 / 0.17	0.046	280.43% (+0.13)	―
Aug 06, 2024	2024 (Q2)	0.11 / 0.14	0.024	487.50% (+0.12)	―
May 07, 2024	2024 (Q1)	0.05 / 0.03	-0.036	180.56% (+0.07)	―
Feb 15, 2024	2023 (Q4)	0.03 / 0.05	-0.057	184.21% (+0.11)
Nov 07, 2023	2023 (Q3)	0.04 / 0.05	-0.036	227.78% (+0.08)
Aug 08, 2023	2023 (Q2)	>-0.01 / 0.02	-0.11	121.82% (+0.13)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TOST Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$47.71	$45.94	-3.71%
May 08, 2025	$36.65	$40.84	+11.43%
Feb 19, 2025	$39.98	$40.26	+0.70%
Nov 07, 2024	$32.67	$37.48	+14.72%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.