Every material Form 8-K Toast has filed with the SEC since June 25, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Toast reported third quarter 2026 financial results, highlighting net income of $169 million and a 24% increase in annualized recurring run-rate to $2.5 billion. The company also raised its full-year guidance for Adjusted EBITDA and non-GAAP gross profit. Additionally, President and CFO Elena Gomez announced her departure effective at the end of the year, with SVP of Finance Michael Senno appointed as her successor.
Net income reached $169 million in the third quarter of 2026 compared to $105 million in the prior-year period.
Annualized recurring run-rate (ARR) grew 24% year-over-year to $2.5 billion as of September 30, 2026.
Full-year 2026 Adjusted EBITDA guidance was raised to a range of $840 million to $850 million.
Michael Senno was appointed Chief Financial Officer effective January 1, 2027, succeeding Elena Gomez.
Toast disclosed that Chief Revenue Officer Jonathan Vassil will step down effective December 31, 2026, as part of a planned retirement. The company said the departure was not due to any disagreement with its management, policies or practices.
Jonathan Vassil notified Toast of his decision on September 28, 2026.
His departure as Chief Revenue Officer takes effect December 31, 2026.
He will remain a non-executive employee through April 2, 2027.
The filing states the resignation was not due to any disagreement with the company.
Toast reported second-quarter 2026 results, with total revenue of $1.9 billion, up from $1.55 billion a year earlier, and net income of $154 million, up from $80 million. The company raised its full-year 2026 outlook for non-GAAP subscription services and financial technology solutions gross profit growth and for adjusted EBITDA, although operating cash flow fell to $144 million from $223 million.
Total revenue was $1.9 billion in Q2 2026 versus $1.55 billion in Q2 2025; diluted EPS was $0.26 versus $0.13.
Q2 adjusted EBITDA was $221 million, including a one-time benefit of about $10 million from tariff refunds.
Full-year 2026 adjusted EBITDA outlook raised to $805 million to $825 million from $790 million to $810 million.
Q2 operating cash flow was $144 million versus $223 million a year earlier; Q3 adjusted EBITDA is expected at $210 million to $220 million.
Toast reported first-quarter 2026 results, with net income of $126 million, up from $56 million a year earlier, and diluted EPS of $0.20 versus $0.09. The company raised its full-year 2026 adjusted EBITDA outlook to $790 million to $810 million, from $775 million to $795 million, which signals higher expected profitability for shareholders.
Net income was $126 million in Q1 2026, compared with $56 million in Q1 2025.
Operating income was $110 million, compared with $43 million a year earlier.
Full-year 2026 adjusted EBITDA outlook raised to $790 million to $810 million; non-GAAP subscription services and financial technology solutions gross profit growth outlook raised to 21%-23%.
Repurchased 14 million shares for $378 million year-to-date through May 6, 2026.
Toast reported fourth-quarter 2025 total revenue of $1.6 billion, up from $1.3 billion a year earlier, and GAAP net income of $101 million, up from $33 million. On February 10, 2026, its board approved a $500 million increase to the existing share repurchase program, which has no expiration date and does not require any minimum purchases. Toast also gave 2026 guidance for full-year Adjusted EBITDA of $775 million to $795 million.
Q4 2025 total revenue was $1.6 billion ($1,633 million), up from $1.3 billion ($1,338 million) in Q4 2024.
Full-year 2025 GAAP net income was $342 million, compared with $19 million in 2024; Adjusted EBITDA was $633 million, compared with $373 million.
For 2026, Toast expects Q1 Adjusted EBITDA of $160 million to $170 million and full-year Adjusted EBITDA of $775 million to $795 million.
On February 10, 2026, the board approved a $500 million increase to the share repurchase program for Class A common stock.
Toast appointed Rossana Niola, formerly an Assistant Corporate Controller at Mastercard, as Chief Accounting Officer, with her employment expected to start January 26, 2026, and as principal accounting officer effective March 2, 2026. Interim officer Ms. Gomez will step down from those interim roles and remain President and Chief Financial Officer.
Rossana Niola (46) appointed Chief Accounting Officer; principal accounting officer role effective March 2, 2026
Base salary of $400,000, a one-time sign-on bonus of $175,000, and a 40% annual target bonus
Expected equity grants of $1.5 million in restricted stock units and $1.5 million in stock options, vesting over four years
Ms. Gomez ceases interim accounting roles and continues as President and Chief Financial Officer
Toast reported third-quarter 2025 results on November 4, 2025, with total revenue of $1.6 billion, up from $1.3 billion a year earlier, and net income of $105 million, compared with $56 million. The company raised its full-year 2025 Adjusted EBITDA outlook to $610 million to $620 million, up from $565 million to $585 million, and gave a fourth-quarter Adjusted EBITDA range of $140 million to $150 million.
Q3 2025 net income was $105 million, versus $56 million in Q3 2024; diluted EPS was $0.16, versus $0.07.
Q3 2025 Adjusted EBITDA was $176 million, versus $113 million in Q3 2024.
Full-year 2025 Adjusted EBITDA outlook raised to $610 million-$620 million from $565 million-$585 million.
Annualized recurring run-rate (ARR) grew 30% to $2.0 billion as of September 30, 2025.
Toast, Inc. appointed Anu Bharadwaj, President of Atlassian, to its Board of Directors effective October 24, 2025, as a Class I director serving until the 2028 annual meeting. The filing describes a $400,000 initial restricted stock unit grant under the company's non-employee director program, which is a routine board addition with no financial results or guidance included.
Board appointment effective October 24, 2025; term runs until the 2028 annual meeting of stockholders
Initial restricted stock unit grant valued at $400,000, vesting in equal annual installments over three years
Ms. Bharadwaj is President of Atlassian Corporation, having served as COO from August 2021 to February 2023
Press release announcing the appointment issued October 27, 2025 and furnished as Exhibit 99.1
Toast reported second-quarter 2025 results on August 5, 2025. GAAP net income rose to $80 million from $14 million a year earlier, and Adjusted EBITDA rose to $161 million from $92 million. The company raised its full-year 2025 Adjusted EBITDA outlook to $565 million to $585 million, from $540 million to $560 million.
Q2 2025 total revenue was $1.55 billion, up from $1.24 billion in Q2 2024; GAAP net income was $80 million versus $14 million.
Adjusted EBITDA was $161 million in Q2 2025 versus $92 million in Q2 2024.
Full-year 2025 Adjusted EBITDA outlook raised to $565 million to $585 million, from $540 million to $560 million.
Third-quarter 2025 Adjusted EBITDA is expected in the range of $140 million to $150 million; ARR grew 31% to $1.9 billion as of June 30, 2025.
Toast said its Chief Accounting Officer, Gail Miller, and the company mutually agreed to end her employment effective June 13, 2025. CFO Elena Gomez will also serve as interim Chief Accounting Officer and interim principal accounting officer, with no additional pay for the added role.
Gail Miller's employment as Chief Accounting Officer ends effective June 13, 2025; the departure was mutually agreed on June 3, 2025.
Elena Gomez, President and Chief Financial Officer, becomes interim Chief Accounting Officer and interim principal accounting officer.
Gomez will receive no additional compensation for the interim role, and no changes were made to her plans or arrangements.
Gomez's background and related information are incorporated by reference from the April 24, 2025 proxy statement.
Toast reported first-quarter 2025 net income of $56 million, compared with a net loss of $83 million a year earlier, and Adjusted EBITDA of $133 million, up from $57 million. The company raised its full-year 2025 Adjusted EBITDA outlook to $540 million to $560 million from $510 million to $530 million, which signals higher expected profitability for shareholders.
Q1 2025 net income was $56 million versus a net loss of $83 million in Q1 2024.
Total revenue was $1.34 billion in Q1 2025 versus $1.08 billion in Q1 2024.
Full-year 2025 Adjusted EBITDA outlook raised to $540 million to $560 million from $510 million to $530 million.
Toast signed Dine Brands' Applebee's, which it describes as its largest deal to date.
Toast reported fourth-quarter and full-year 2024 results, with Q4 net income of $33 million versus a net loss of $36 million a year earlier, and full-year net income of $19 million versus a $246 million loss in 2023. The company also gave 2025 outlook ranges for Adjusted EBITDA and non-GAAP gross profit, which shareholders can compare against future results.
Q4 2024 total revenue was $1,338 million, up from $1,036 million in Q4 2023; Adjusted EBITDA was $111 million, up from $29 million
Full-year 2024 Adjusted EBITDA was $373 million, up from $61 million in 2023; Toast cited its first year of GAAP profitability
2025 outlook: full-year Adjusted EBITDA of $510 million to $530 million; Q1 2025 Adjusted EBITDA of $100 million to $110 million
Annualized recurring run-rate (ARR) was $1,626 million as of December 31, 2024, up 34% year over year
Toast appointed Gail Miller as Chief Accounting Officer and principal accounting officer, effective around March 3, 2025, and named Elena Gomez as President. Gomez will stop serving as interim CAO once Miller starts and will remain President, CFO and principal financial officer.
Gail Miller, age 46, previously served as CAO at Remitly Global, Inc. (May 2023 to February 2025) and at Shift4 Payments, Inc. (April 2016 to May 2023)
Miller's base salary is $400,000 per year, with a $100,000 one-time sign-on bonus and a target annual bonus of 40% of base salary
Company expects to grant Miller RSUs valued at $3,300,000 and stock options valued at $2,200,000, vesting over four years
Elena Gomez was appointed President on February 12, 2025, with no additional compensation for the role
Toast reported third-quarter 2024 results, with total revenue of $1,305 million, up from $1,032 million a year earlier, and net income of $56 million, compared with a net loss of $31 million in Q3 2023. The company raised its full-year 2024 Adjusted EBITDA outlook to $352 million to $362 million, up from $285 million to $305 million.
Total revenue rose to $1,305 million in Q3 2024 from $1,032 million in Q3 2023.
Net income was $56 million, or $0.07 diluted EPS, versus a net loss of $31 million, or $(0.09) per share, a year earlier.
Full-year 2024 Adjusted EBITDA outlook raised to $352 million to $362 million, up from $285 million to $305 million.
Q4 2024 Adjusted EBITDA is expected in the range of $90 million to $100 million.
Toast reported second-quarter 2024 results, with revenue of $1,242 million versus $978 million a year earlier and GAAP net income of $14 million compared with a net loss of $(98) million in Q2 2023. The company also raised its full-year 2024 Adjusted EBITDA outlook to $285 million to $305 million from $250 million to $270 million, which matters to shareholders because it signals improved profitability expectations.
Q2 2024 total revenue was $1,242 million, up from $978 million in Q2 2023.
GAAP operating income was $5 million in Q2 2024, compared with an operating loss of $(80) million a year earlier.
Full-year 2024 Adjusted EBITDA guidance was raised to $285 million to $305 million from $250 million to $270 million.
Annualized recurring run-rate (ARR) as of June 30, 2024 was $1.5 billion, up 29% year over year.
Toast disclosed that Chief Accounting Officer Michael Matlock will resign, effective August 9, 2024, and said the resignation was not due to any disagreement with management, policies or practices. CFO Elena Gomez will serve as interim Chief Accounting Officer and principal accounting officer while the company searches for a replacement, and she will receive no additional compensation for the role. The change is administrative and the filing gives no financial figures.
Michael Matlock notified Toast on June 20, 2024 that he will resign as Chief Accounting Officer and principal accounting officer, effective August 9, 2024.
The filing states the resignation was not due to any disagreement relating to the company's management, policies or practices.
CFO Elena Gomez will serve as interim Chief Accounting Officer and interim principal accounting officer during the search.
Ms. Gomez will receive no additional compensation for the interim role.
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