Toast Announces Fourth Quarter and Full Year 2023 Financial Results
Toast, Inc. (TOST)
Company Research
Source: Business Wire
Ended 2023 with approximately 106,000 Locations; added over 6,500 net new Locations in fourth quarterAnnualized recurring run-rate (ARR) as of December 31, 2023 increased 35% to over $1.2 billionToast’s Board of Directors authorized a share repurchase programAnticipate GAAP Operating Income profit by first half 2025 BOSTON--(BUSINESS WIRE)--Toast (NYSE: TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the fourth quarter and full year ended December 31, 2023.Financial Highlights for the Fourth Quarter of 2023ARR as of December 31, 2023 was $1.2 billion, up 35% year over year.Gross Payment Volume (GPV) increased 32% year over year to $33.7 billion.Total Locations increased 34% year over year to approximately 106,000.Revenue for Q4 2023 grew 35% year over year to $1.0 billion.Gross profit of $226 million was up 43% year over year from Q4 2022. Non-GAAP gross profit grew 42% year over year to $245 million.Subscription service
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TOST
News
- Toast Launches Digital Storefront and Marketing Suites Designed to Make it Easier for Restaurants to Bring Guests In and Keep Them Coming BackBusiness Wire
- Toast, Inc. (NYSE:TOST) is a favorite amongst institutional investors who own 70% [Yahoo! Finance]Yahoo! Finance
- Toast (TOST) Stock Moves -1.29%: What You Should Know [Yahoo! Finance]Yahoo! Finance
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TOST
Earnings
- 2/15/24 - Beat
TOST
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- TOST's page on the SEC website