Record Location Additions and Revenue Growth
Toast added a record 28,000 net locations in 2024, contributing to a 34% year-over-year growth in recurring gross profit streams.
First-Time GAAP Profitability
Toast achieved GAAP profitability for the first time in 2024, along with a significant adjusted EBITDA growth to $373 million.
Expansion into New Markets
Toast expanded into new customer segments, geographies, and verticals, with notable wins like Hilton Hotels and increased SaaS ARPU for international locations by 50% year-over-year.
Launch of AI-Driven Products
The introduction of AI-powered tools like benchmarking and marketing features has enhanced operational efficiency and customer engagement.
Strong Financial Guidance for 2025
Toast expects 24% growth in recurring gross profit streams and an adjusted EBITDA of $520 million, reflecting a 30% margin.