Toast Announces First Quarter 2024 Financial Results
Toast, Inc. (TOST)
Company Research
Source: Business Wire
Added over 6,000 net new Locations in first quarter 2024Annualized recurring run-rate (ARR) as of March 31, 2024 grew 32% to $1.3 billionFirst quarter net loss was $(83) million and Adjusted EBITDA was $57 million BOSTON--(BUSINESS WIRE)--Toast (NYSE: TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the first quarter ended March 31, 2024.“Toast is off to a strong start in 2024. Our first quarter results demonstrate strong topline growth and margin expansion that we will continue to build on throughout the year. We executed well against our priorities: scaling restaurant locations; driving ARR by delivering products customers love; continuing to expand our addressable market; and building operating leverage as we scale,” said Toast CEO and Co-Founder Aman Narang. “With a differentiated business model that scales efficiently, we are positioned for durable growth and ongoing margin expansion, while investing in exciting new
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TOST
News
- Toast (TOST) Is Up 17.99% in One Week: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Toast, Inc. (NYSE: TOST) had its price target raised by analysts at Piper Sandler from $20.00 to $25.00. They now have a "neutral" rating on the stock.MarketBeat
- Toast, Inc. (NYSE: TOST) had its price target raised by analysts at Mizuho from $17.00 to $21.00. They now have a "neutral" rating on the stock.MarketBeat
- Toast, Inc. (NYSE: TOST) had its price target raised by analysts at Royal Bank of Canada from $23.00 to $27.00. They now have a "sector perform" rating on the stock.MarketBeat
- Toast, Inc. (NYSE: TOST) had its price target raised by analysts at Canaccord Genuity Group Inc. from $22.00 to $28.00. They now have a "buy" rating on the stock.MarketBeat
TOST
Earnings
- 5/7/24 - In-Line
TOST
Sec Filings
- 5/17/24 - Form 4
- 5/9/24 - Form 4
- 5/8/24 - Form 144
- TOST's page on the SEC website