NYSE$TOST
Toast Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Toast's first quarter results marked a strong start to the year, coming in ahead of expectations.
Toast reported a 53% year-over-year increase in revenue to $819 million. ARR grew 55% year-over-year to $987 million. The company added over 5,500 net new locations in Q1 2023 and GPV increased 50% year-over-year to $26.7 billion.
- ARR as of March 31, 2023 was $987 million, up 55% year-over-year.
- Gross Payment Volume (GPV) increased 50% year-over-year to $26.7 billion.
- Total locations increased nearly 40% year-over-year to approximately 85,000, with net new locations of over 5,500 in Q1 2023.
- Revenue grew 53% year-over year to $819 million.
Headline financials
Revenue & EPS history
Toast · Revenue · Quarterly
$819M
Revenue by segment
Toast · $819M total across 4 segments · Q1 2023
- Financial Technology Solutions$673M+53.7%82.2%
- Subscription Services$107M+69.8%13.1%
- Hardware$31M+6.9%3.8%
- Professional Services$8M+60.0%1.0%
Forward guidance
For the second quarter ending June 30, 2023, Toast expects to report: Revenue in the range of $920 million to $950 million and Adjusted EBITDA in the range of $(10) million to $0. For the full year ending December 31, 2023, Toast expects to report: Revenue in the range of $3,710 million to $3,800 million and Adjusted EBITDA in the range of $(10) million to $10 million.
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 2023
+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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