Every material Form 8-K Toast filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
Toast reported second-quarter 2024 results, with revenue of $1,242 million versus $978 million a year earlier and GAAP net income of $14 million compared with a net loss of $(98) million in Q2 2023. The company also raised its full-year 2024 Adjusted EBITDA outlook to $285 million to $305 million from $250 million to $270 million, which matters to shareholders because it signals improved profitability expectations.
Q2 2024 total revenue was $1,242 million, up from $978 million in Q2 2023.
GAAP operating income was $5 million in Q2 2024, compared with an operating loss of $(80) million a year earlier.
Full-year 2024 Adjusted EBITDA guidance was raised to $285 million to $305 million from $250 million to $270 million.
Annualized recurring run-rate (ARR) as of June 30, 2024 was $1.5 billion, up 29% year over year.
Toast disclosed that Chief Accounting Officer Michael Matlock will resign, effective August 9, 2024, and said the resignation was not due to any disagreement with management, policies or practices. CFO Elena Gomez will serve as interim Chief Accounting Officer and principal accounting officer while the company searches for a replacement, and she will receive no additional compensation for the role. The change is administrative and the filing gives no financial figures.
Michael Matlock notified Toast on June 20, 2024 that he will resign as Chief Accounting Officer and principal accounting officer, effective August 9, 2024.
The filing states the resignation was not due to any disagreement relating to the company's management, policies or practices.
CFO Elena Gomez will serve as interim Chief Accounting Officer and interim principal accounting officer during the search.
Ms. Gomez will receive no additional compensation for the interim role.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Toast filing is on SEC EDGAR ↗. 8-K briefs of other companies →