Toast Q2 net income rises to $80 million; full-year Adjusted EBITDA outlook raised
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.
Key points
- 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.
The filing
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 05, 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.