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

Toast swings to $19 million full-year 2024 net income; ARR tops $1.6 billion

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyToast (TOST)
Form8-K, current report
Filed with the SECFeb 19, 2025, 4:21 PM ET
Accession number0001650164-25-000066

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 February 19, 2025.

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.