Toast Announces Third Quarter 2024 Financial Results
Toast, Inc. (TOST)
Company Research
Source: Business Wire
Added approximately 7,000 net new Locations in third quarter 2024Annualized recurring run-rate (ARR) as of September 30, 2024 grew 28% to $1.6 billionNet income was $56 million and Adjusted EBITDA was $113 million in third quarter BOSTON--(BUSINESS WIRE)--Toast (NYSE: TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the third quarter ended September 30, 2024.“Toast delivered a strong third quarter, adding approximately 7,000 net new locations, growing our recurring gross profit streams1 35%, and achieving Adjusted EBITDA of $113 million. We are well positioned to finish out the year strong and carry this momentum into 2025. Our differentiated vertical software platform is at the foundation of that success, and we continue to innovate to deliver more value to our customers: this fall we launched new products like Branded Mobile App and SMS Marketing alongside over a dozen feature updates,” said Toast CEO and Co-Founder Ama
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News
- Toast Announces Participation at the UBS Global Technology ConferenceBusiness Wire
- Toast, Inc. (NYSE: TOST) is now covered by analysts at Compass Point. They set a "buy" rating and a $49.00 price target on the stock.MarketBeat
- Toast, Inc. (NYSE: TOST) was downgraded by analysts at BNP Paribas from an "outperform" rating to a "neutral" rating. They now have a $37.00 price target on the stock.MarketBeat
- Why Toast (TOST) Might be Well Poised for a Surge [Yahoo! Finance]Yahoo! Finance
- Bull of the Day: Toast (TOST) [Yahoo! Finance]Yahoo! Finance
TOST
Earnings
- 11/7/24 - Beat
TOST
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- 11/20/24 - Form 144
- TOST's page on the SEC website