NYSE$TOST
Toast Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Toast reported a strong first quarter, exceeding expectations and adding a record number of net new locations.
Toast's first quarter 2022 financial results showed significant growth, with revenue increasing by 90% year-over-year to $535 million. The company added over 5,000 net new locations and achieved a 66% year-over-year growth in ARR, reaching $637 million. Gross Payment Volume (GPV) also saw substantial growth, increasing by 98% year-over-year to $17.8 billion.
- Total locations increased nearly 45% year-over-year to approximately 62,000.
- Revenue grew 90% year-over year to $535 million.
- ARR as of March 31, 2022 was $637 million, up 66% year-over-year.
- Gross Payment Volume (GPV) increased 98% year-over-year to $17.8 billion.
Headline financials
Revenue & EPS history
Toast · Revenue · Quarterly
$535M
Revenue by segment
Toast · $535M total across 4 segments · Q1 2022
- Financial Technology Solutions$438M+93.0%81.9%
- Subscription Services$63M+103.2%11.8%
- Hardware$29M+38.1%5.4%
- Professional Services$5M+66.7%0.9%
Forward guidance
For the second quarter ending June 30, 2022, Toast expects to report revenue in the range of $635 million to $665 million and Adjusted EBITDA in the range of $(60) million to $(50) million. For the full year ending December 31, 2022, Toast expects to report revenue in the range of $2,500 million to $2,550 million and Adjusted EBITDA in the range of $(195) million to $(175) million.
Tailwinds
- Revenue in the range of $635 million to $665 million for Q2 2022.
- Adjusted EBITDA in the range of $(60) million to $(50) million for Q2 2022.
- Revenue in the range of $2,500 million to $2,550 million for the full year 2022.
- Adjusted EBITDA in the range of $(195) million to $(175) million for the full year 2022.
- Full year revenue guidance increased from $2,349-$2,409 million to $2,500-$2,550 million.
Headwinds
- Adjusted EBITDA is expected to be negative for Q2 2022.
- Adjusted EBITDA is expected to be negative for the full year 2022.
- Net cash used in operating activities of $47 million.
- Free Cash Flow of $(50.0) million.
- Adjusted EBITDA was $(45) million in Q1 2022 compared to Adjusted EBITDA of $4 million in Q1 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.8%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-2.6%
Avg return
30 days after
57%
13 / 23 earnings
Positive
+18.2%
Q1 2022
Best reaction
-25.0%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -14.8% | -24.0% | -16.2% | |
| Q4 2025 | +4.6% | +5.9% | +5.6% | |
| Q3 2025 | +9.5% | +7.1% | +0.1% | |
| Q1 2025 | +11.4% | +23.0% | +20.1% | |
| Q4 2024 | +0.7% | -9.5% | -12.0% | |
| Q3 2024 | +16.6% | +22.7% | +20.8% | |
| Q2 2024 | -5.1% | -1.2% | +0.8% | |
| Q1 2024 | +13.8% | +13.9% | -4.0% | |
| Q4 2023 | +11.3% | +8.1% | +16.9% | |
| Q3 2023 | -12.7% | -17.3% | -11.7% | |
| Q2 2023 | +13.8% | +18.4% | +7.1% | |
| Q1 2023 | +9.1% | +0.7% | +13.3% | |
| Q4 2022 | -25.0% | -24.8% | -34.1% | |
| Q3 2022 | +16.1% | +15.9% | +9.4% | |
| Q2 2021 | +5.6% | +7.4% | +18.1% | |
| Q2 2022 | +6.4% | +11.8% | +16.1% | |
| Q1 2021 | -2.7% | -7.6% | +4.8% | |
| Q1 2022 | +18.2% | +6.5% | +18.1% | |
| Q4 2019 | -0.1% | -12.8% | +5.9% | |
| Q4 2021 | -16.2% | -23.9% | -31.0% | |
| Q3 2021 | -14.3% | -17.5% | -36.3% | |
| Q3 2020 | -14.3% | -17.5% | -36.3% | |
| Q4 2020 | -14.3% | -17.5% | -36.3% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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