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As of June 30, 2023, ARR was $1.1 billion, representing a 45% year-over-year growth. Gross Payment Volume (GPV) grew 38% year-over-year to $32.1B.
“Toast delivered record results in the second quarter. In addition to exceeding $1B in ARR, Toast reached Adjusted EBITDA profitability and positive free cash flow for the first time since IPO as we remain focused on driving lean, durable growth,” said CEO Chris Comparato.
For Q3/23, the company expects revenue in the range of $1.010-1.040B, above the consensus estimate of $1.002B. Adjusted EBITDA is seen at $15-$25M.
For the full year, the company expects revenue in the range of $3.810-3.870B, better than the consensus of $3.775B. Adjusted EBITDA is seen at $15-$35M.
