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AI brief of an SEC Form 8-K · Toast (TOST)

Toast Q2 net income $14 million vs. $(98) million loss; full-year EBITDA guidance raised

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyToast (TOST)
Form8-K, current report
Filed with the SECAug 6, 2024, 4:07 PM ET
Accession number0001650164-24-000282

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.