NYSE$TOST
Toast Inc. · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Toast reported strong financial performance in Q4 2024, achieving GAAP profitability for the first time.
Toast reported its first GAAP-profitable year, with revenue growing significantly year-over-year. The company added a record number of new locations and saw strong growth in subscription services and financial technology solutions.
- Achieved first GAAP-profitable year with $33M in net income for Q4.
- Revenue increased to $1.34 billion, up from $1.04 billion in Q4 2023.
- Adjusted EBITDA grew to $111M from $29M in the prior year quarter.
- Added a record 28,000 net new locations, ending the year with approximately 134,000 locations.
Headline financials
Revenue & EPS history
Toast · Revenue · Quarterly
$1.34B
Revenue by segment
Toast · $1.03B total across 4 segments · Q3 2023
- Financial Technology Solutions$856M+36.3%82.9%
- Subscription Services$131M+45.6%12.7%
- Hardware$34M+25.9%3.3%
- Professional Services$11M+57.1%1.1%
Forward guidance
Toast expects continued growth in 2025, with strong expansion in enterprise and international markets.
Tailwinds
- Non-GAAP gross profit for Q1 2025 expected to be between $385M and $395M.
- Adjusted EBITDA guidance for Q1 2025 is $100M to $110M.
- Full-year 2025 adjusted EBITDA expected to reach $510M to $530M.
- Toast expanded its partnership with Uber, enhancing delivery capabilities.
- Increased adoption of Toast Enterprise Solutions with large restaurant chains.
Headwinds
- Potential macroeconomic headwinds affecting restaurant industry spending.
- Competitive pressures from other restaurant technology providers.
- Operational challenges in scaling international expansion.
- Higher costs associated with customer acquisition in new segments.
- Ongoing technology investments may impact near-term profitability.
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 Q4 2024
+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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