Every material Form 8-K Toast filed with the SEC in 2025, 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 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.
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.
Toast, Inc. appointed Anu Bharadwaj, President of Atlassian, to its Board of Directors effective October 24, 2025, as a Class I director serving until the 2028 annual meeting. The filing describes a $400,000 initial restricted stock unit grant under the company's non-employee director program, which is a routine board addition with no financial results or guidance included.
Board appointment effective October 24, 2025; term runs until the 2028 annual meeting of stockholders
Initial restricted stock unit grant valued at $400,000, vesting in equal annual installments over three years
Ms. Bharadwaj is President of Atlassian Corporation, having served as COO from August 2021 to February 2023
Press release announcing the appointment issued October 27, 2025 and furnished as Exhibit 99.1
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.
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.
Toast said its Chief Accounting Officer, Gail Miller, and the company mutually agreed to end her employment effective June 13, 2025. CFO Elena Gomez will also serve as interim Chief Accounting Officer and interim principal accounting officer, with no additional pay for the added role.
Gail Miller's employment as Chief Accounting Officer ends effective June 13, 2025; the departure was mutually agreed on June 3, 2025.
Elena Gomez, President and Chief Financial Officer, becomes interim Chief Accounting Officer and interim principal accounting officer.
Gomez will receive no additional compensation for the interim role, and no changes were made to her plans or arrangements.
Gomez's background and related information are incorporated by reference from the April 24, 2025 proxy statement.
Toast reported first-quarter 2025 net income of $56 million, compared with a net loss of $83 million a year earlier, and Adjusted EBITDA of $133 million, up from $57 million. The company raised its full-year 2025 Adjusted EBITDA outlook to $540 million to $560 million from $510 million to $530 million, which signals higher expected profitability for shareholders.
Q1 2025 net income was $56 million versus a net loss of $83 million in Q1 2024.
Total revenue was $1.34 billion in Q1 2025 versus $1.08 billion in Q1 2024.
Full-year 2025 Adjusted EBITDA outlook raised to $540 million to $560 million from $510 million to $530 million.
Toast signed Dine Brands' Applebee's, which it describes as its largest deal to date.
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.
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
Toast appointed Gail Miller as Chief Accounting Officer and principal accounting officer, effective around March 3, 2025, and named Elena Gomez as President. Gomez will stop serving as interim CAO once Miller starts and will remain President, CFO and principal financial officer.
Gail Miller, age 46, previously served as CAO at Remitly Global, Inc. (May 2023 to February 2025) and at Shift4 Payments, Inc. (April 2016 to May 2023)
Miller's base salary is $400,000 per year, with a $100,000 one-time sign-on bonus and a target annual bonus of 40% of base salary
Company expects to grant Miller RSUs valued at $3,300,000 and stock options valued at $2,200,000, vesting over four years
Elena Gomez was appointed President on February 12, 2025, with no additional compensation for the 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 →