โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข GAAP EPS: $0.29 vs. $0.16 YoY (+81%)
โข GAAP Net Income: $169M vs. $105M YoY (+61%)
โข Operating Income: $165M vs. $84M YoY (+96%)
โข Adjusted EBITDA: $240M vs. $176M YoY (+36%)
โข Operating Cash Flow: $198M vs. $165M YoY (+20%)
โข Free Cash Flow: $181M vs. $153M YoY (+18%)
โข Subscription & Fintech Gross Profit: $630M (+29% YoY)
โข Adjusted Subscription & Fintech Gross Profit: $642M (+27% YoY)
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐ (๐๐๐ข๐ฌ๐๐)
๐ ๐๐๐
โข Adjusted Subscription & Fintech Gross Profit: $2.375Bโ$2.385B (+26% YoY; prior +23% to +25%)
โข Adjusted EBITDA: $840Mโ$850M (prior $805Mโ$825M)
๐๐ ๐๐๐๐
โข Adjusted Subscription & Fintech Gross Profit: $610Mโ$620M (+22% to +24% YoY)
โข Adjusted EBITDA: $200Mโ$210M
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Annualized Recurring Revenue (ARR) increased 24% YoY to $2.5B
โข Total locations grew 21% YoY to ~189,000, with ~8,500 net additions in Q3
โข Gross Payment Volume increased 20% YoY to $61.8B
โข Launched Toast IQ Team and expanded Toast IQ Grow with AI agents for scheduling, SEO, reviews and customer retention
โข Introduced Toast Fuel, expanding into convenience stores and fuel retail payments
โข Expanded into Quebec, completing coverage across all 10 Canadian provinces
โข Added restaurant customers including Ruby Tuesday, Luke's Lobster, Hopdoddy and ForFive Coffee, representing 250+ locations
โข CFO Elena Gomez to step down at year-end; Michael Senno appointed successor effective January 1, 2027
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWith our Fall Release, we expanded Toast IQ Grow and launched Toast IQ Team, moving Toast beyond tools that help operators run their business toward agents that take on the work for them.โ โ CEO Aman Narang