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

Toast raises 2025 Adjusted EBITDA outlook to $610M-$620M as Q3 net income rises to $105M

Positive Impact 4 of 5 guidance Written later

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.

Key points

  • 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.

The filing

CompanyToast (TOST)
Form8-K, current report
Filed with the SECNov 4, 2025, 4:11 PM ET
Accession number0001650164-25-000334

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 04, 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.