NYSE$TOST
Toast Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Toast's Q3 2022 financial results were announced, revealing revenue growth and exceeding $100B in annualized run-rate GPV for the first time.
Toast reported strong Q3 2022 results with a 55% year-over-year revenue increase to $752 million. The company surpassed $100 billion in annualized GPV for the first time and ARR grew 60% year-over-year. Net loss was $98 million, an improvement from the $254 million net loss in Q3 2021.
- Total locations increased over 40% year-over-year to approximately 74,000.
- Revenue grew 55% year-over year to $752 million.
- ARR as of September 30, 2022 was $868 million, up 60% year-over-year.
- Gross Payment Volume (GPV) increased 53% year-over-year to $25.2 billion.
Headline financials
Revenue & EPS history
Toast · Revenue · Quarterly
$752M
Revenue by segment
Toast · $752M total across 4 segments · Q3 2022
- Financial Technology Solutions$628M+55.4%83.5%
- Subscription Services$90M+96.5%12.0%
- Hardware$27M-13.0%3.6%
- Professional Services$7M+32.1%0.9%
Forward guidance
For the fourth quarter ending December 31, 2022, Toast expects to report revenue in the range of $730 million to $760 million and Adjusted EBITDA in the range of $(30) million to $(20) million. For the full year ending December 31, 2022, Toast expects to report revenue in the range of $2,692 million to $2,722 million and Adjusted EBITDA in the range of $(127) million to $(117) 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 Q3 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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