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Total Revenue
$1,908.0M
+17.1% QoQ · +23.1% YoY
Annualized Recurring Run-Rate (ARR)
2.4$B
+9.1% QoQ · +26.3% YoY
Total Locations
180,000.0count
+5.3% QoQ · +21.6% YoY
Gross Payment Volume (GPV)
60.7$B
+18.3% QoQ · +21.6% YoY
Non-GAAP Subscription + FinTech Gross Profit
$595.0M
+12.5% QoQ · +28.2% YoY
Adjusted EBITDA
$221.0M
+23.5% QoQ · +37.3% YoY
Annualized Recurring Run-Rate (ARR) ($B)
Gross Payment Volume (GPV) ($B)
Non-GAAP Subscription + FinTech Gross Profit ($M)
Why these KPIs
Every Toast earnings release headlines ARR, Total Locations, GPV, and Adjusted EBITDA as its standard 'Financial Highlights' bullets, and calls out Non-GAAP subscription services + financial technology solutions gross profit as its 'recurring gross profit streams' metric -- the operating metrics Toast repeats verbatim every quarter alongside Total Revenue.
| Period | Total Revenue | Annualized Recurring Run-Rate (ARR) | Total Locations | Gross Payment Volume (GPV) | Non-GAAP Subscription + FinTech Gross Profit | Adjusted EBITDA |
|---|
| Q3 2024 | $1,305.0M | 1.6$B | 127,000.0count | 41.7$B | $378.0M | $113.0M |
| Q4 2024 | $1,338.0M | 1.6$B | 134,000.0count | 42.2$B | $392.0M | $111.0M |
| Q1 2025 | $1,337.0M | 1.7$B | 140,000.0count | 42.2$B | $415.0M | $133.0M |
| Q2 2025 | $1,550.0M | 1.9$B | 148,000.0count | 49.9$B | $464.0M | $161.0M |
| Q3 2025 | $1,633.0M | 2.0$B | 156,000.0count | 51.5$B | $506.0M | $176.0M |
| Q4 2025 | $1,633.0M | 2.0$B | 164,000.0count | 51.4$B | $502.0M | $163.0M |
| Q1 2026 | $1,630.0M | 2.2$B | 171,000.0count | 51.3$B | $529.0M | $179.0M |
| Q2 2026 | $1,908.0M | 2.4$B | 180,000.0count | 60.7$B | $595.0M | $221.0M |