Toast reports Q1 EPS 9c, consensus 19c

Reports Q1 revenue $1.34B, consensus $1.34B. ARR as of March 31, 2025 was $1.7 billion, up 31% year over year. Total Locations increased 25% year over year to approximately 140,000. Gross Payment Volume (GPV) increased 22% year over year to $42.2 billion. “Toast (TOST) kicked off the year with a fantastic first quarter – we added over 6,000 net new locations, grew our recurring gross profit streams1 37%, and delivered $133 million in Adjusted EBITDA,” said Toast CEO Aman Narang. “We continue to see strong momentum across both our core business as well as our new verticals in international, retail, and enterprise including marquee wins in Applebee’s and Topgolf. We are starting to see our scale and data across our 140,000 locations help our customers be more successful, which sets us up well as we continue to build out the platform and scale globally.”