The earnings call highlighted strong growth in locations, enterprise wins, and advancements in AI, leading to an increased financial outlook. Despite some challenges with GPV per location and tariff expenses, the overall performance and strategic achievements supported a positive sentiment.

Company Guidance -

Q3 2025

During Toast's First Quarter 2025 Earnings Conference Call, the company provided robust guidance for the upcoming periods based on their strong Q1 performance. They reported a 37% year-over-year growth in recurring gross profit streams and a $133 million increase in adjusted EBITDA, with a GAAP operating income of $43 million. CEO Aman Narang highlighted the addition of over 6,000 net locations in Q1, contributing to their 140,000 customer locations globally. The company raised its full-year 2025 outlook due to this strong performance, anticipating record net additions in Q2. Additionally, Toast is on track to cross 10,000 locations across international markets, food and beverage retail, and enterprise segments in 2025. Their financial guidance for the second quarter and full year 2025 reflects confidence in maintaining growth despite a dynamic macroeconomic environment, with expectations for adjusted EBITDA to reach $550 million and a margin of 31%.

Strong Q1 Performance

Toast added over 6,000 net locations in Q1, with recurring gross profit streams growing 37% year-over-year. Adjusted EBITDA grew to $133 million, and GAAP operating income was $43 million.

Key Enterprise Wins

Toast secured significant enterprise deals, including marquee wins with Applebee's and Topgolf, demonstrating the platform's ability to handle large-scale operations.

International and New Market Growth

Toast is on track to cross 10,000 locations across international, food and beverage retail, and enterprise segments in 2025, with strong momentum in these areas.

AI and Data Advancements

The launch of ToastIQ and ongoing pilots of Sous Chef AI solutions are showing promising early results, with improvements in order volumes and advertising returns for clients.

Increased Full Year Outlook

Toast raised its full-year guidance, expecting 26% growth in fintech and subscription gross profit, and $550 million in adjusted EBITDA with a margin of 31%.

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	―	―
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.