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

Toast Q3 net income reached $56 million; raises 2024 Adjusted EBITDA outlook

Positive Impact 4 of 5 guidance Written later

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.

Key points

  • 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.

The filing

CompanyToast (TOST)
Form8-K, current report
Filed with the SECNov 7, 2024, 4:13 PM ET
Accession number0001650164-24-000381

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 November 07, 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.