🔹 Adjusted EPS: Not provided
🔹 Revenue: $1.34B (Est. $1.29B) 🟢; UP +29% YoY
🔹 Net Income: $33M vs. -$36M loss in Q4 2023 🟢
Q1 Guidance:
🔹 Non-GAAP Gross Profit: $385M-$395M (27%-30% YoY growth)
🔹 Adjusted EBITDA: $100M-$110M
FY25 Guidance::
🔹 Non-GAAP Gross Profit: $1.745B-$1.765B (23%-25% YoY growth)
🔹 Adjusted EBITDA: $510M-$530M (Est. $505.19M) 🟢
Segment Performance:
🔹 Financial Technology Solutions: $1.09B (Est. $1.01B) 🟢; UP +28% YoY
🔹 Subscription Services: $200M (Est. $180M) 🟢; UP +41% YoY
🔹 Hardware & Professional Services: $48M (Est. $50.1M) 🔴; UP +12% YoY
🔹 Gross Payment Volume (GPV): $42.2B (Est. $40.3B) 🟢; UP +25% YoY
Key Financial Metrics:
🔹 ARR: $1.6B; UP +34% YoY
🔹 Total Locations: 134,000; UP +26% YoY
🔹 Gross Profit: $333M (Est. $310M) 🟢; UP +47% YoY
🔹 Operating Income: $32M vs. -$56M loss in Q4 2023 🟢
🔹 Adjusted EBITDA: $111M (Est. $95M) 🟢; UP from $29M YoY
🔹 Free Cash Flow: $134M vs. $81M in Q4 2023 🟢
🔹 Cash & Equivalents: $903M (Est. $824.6M) 🟢
Business Highlights:
🔸 Expanded partnership with Uber Technologies to enhance delivery options.
🔸 Partnered with over one-third of 2024 James Beard award-winning restaurants.
🔸 Signed deal with Ascent Hospitality Management for 500 Perkins and Huddle House locations.
CEO Aman Narang's Commentary:
🔸 "Toast had a strong close to 2024, capping off a transformational year where we added a record 28,000 net locations, grew our recurring gross profit streams 34%, delivered Adjusted EBITDA of $373 million, and achieved our first year of GAAP profitability."
Strategic Outlook:
🔸 Focused on expanding into enterprise, international, and food & beverage retail markets in 2025.
🔸 Enhancing platform differentiation to serve more than the current 134,000 locations.
