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

Toast Reports Third Quarter 2026 Results and CFO Transition

Positive Impact 4 of 5 earnings

Toast reported third quarter 2026 financial results, highlighting net income of $169 million and a 24% increase in annualized recurring run-rate to $2.5 billion. The company also raised its full-year guidance for Adjusted EBITDA and non-GAAP gross profit. Additionally, President and CFO Elena Gomez announced her departure effective at the end of the year, with SVP of Finance Michael Senno appointed as her successor.

Key points

  • Net income reached $169 million in the third quarter of 2026 compared to $105 million in the prior-year period.
  • Annualized recurring run-rate (ARR) grew 24% year-over-year to $2.5 billion as of September 30, 2026.
  • Full-year 2026 Adjusted EBITDA guidance was raised to a range of $840 million to $850 million.
  • Michael Senno was appointed Chief Financial Officer effective January 1, 2027, succeeding Elena Gomez.

The filing

CompanyToast (TOST)
Form8-K, current report
Filed with the SECNov 3, 2026, 4:12 PM ET
Accession number0001650164-26-000214

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 3, 2026, 6:16 PM ET, from this filing only.

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.