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Toast(TOST) - 2025 Q3 - Quarterly Results
2025-11-04 21:11
Financial Performance - ARR increased 30% year over year to over $2.0 billion as of September 30, 2025[7] - Gross Payment Volume (GPV) increased 24% year over year to $51.5 billion[7] - Adjusted EBITDA was $176 million in Q3 2025, compared to $113 million in Q3 2024[7] - Net income for the three months ended September 30, 2025, was $105 million, compared to $56 million for the same period in 2024, reflecting an increase of 87.5%[22] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $467 million, significantly higher than $213 million for the same period in 2024, marking a 119.3% increase[22] - Cash and cash equivalents rose to $1,605 million at the end of the period, compared to $944 million at the end of the previous year, an increase of 69.8%[22] - Adjusted EBITDA for the full year 2025 is projected to be in the range of $610 million to $620 million, up from previous guidance[9] - Net income for the nine months ended September 30, 2025, was $241 million, a turnaround from a net loss of $13 million in the same period of 2024[33] - Free cash flow for the nine months ended September 30, 2025, was $430 million, significantly higher than $172 million in the same period of 2024[39] Growth Metrics - Total locations increased 23% year over year to approximately 156,000[7] - GAAP subscription services and financial technology solutions gross profit grew 34% year over year to $490 million[7] - Non-GAAP subscription services and financial technology solutions gross profit expected in the range of $1,865 million to $1,875 million for the full year 2025, representing 32% growth compared to 2024[6] - Total Annualized Recurring Run-Rate (ARR) increased to $2,016 million in 2025, up 30% from $1,554 million in 2024[33] - Payments Annualized Recurring Run-Rate rose to $1,014 million, reflecting a 31% growth compared to $774 million in 2024[33] - Subscription Annualized Recurring Run-Rate reached $1,002 million, a 28% increase from $780 million in the previous year[33] Strategic Initiatives - Toast launched Toast IQ, an AI assistant for restaurants, and partnered with The Coca-Cola Company to enhance beverage sales[14] - Toast signed large-scale operators like Nordstrom and TGI Fridays to its platform, expanding its market presence[14] - A multi-year strategic partnership with Uber Technologies, Inc. was announced to enhance digital ordering operations for restaurants[14] - The company continues to focus on enhancing its product offerings and expanding market presence through strategic initiatives and potential acquisitions[23] Asset and Liability Overview - Total assets increased to $2,971 million as of September 30, 2025, up from $2,408 million at December 31, 2024, representing a growth of 23.4%[20] - Total liabilities increased to $957 million as of September 30, 2025, from $863 million at December 31, 2024, a rise of 10.9%[20] - The company reported a total stockholders' equity of $2,014 million, up from $1,545 million, indicating a growth of 30.4%[20] Operational Metrics - The number of live locations using Toast Point of Sale increased, contributing to the overall growth in transaction volumes[30] - Adjusted EBITDA for the nine months ended September 30, 2025, was not specified but is a key metric used to evaluate core operating performance[25] - Non-GAAP Subscription Services Gross Profit for Q3 2025 was $192 million, up from $146 million in Q3 2024[35] - Non-GAAP Financial Technology Solutions Gross Profit for Q3 2025 was $313 million, compared to $232 million in Q3 2024[36] - Sales and marketing expenses for Q3 2025 totaled $128 million, an increase from $105 million in Q3 2024[39]
Uber Technologies And Toast Just Built The Restaurant Feedback Loop (NYSE:UBER)
Seeking Alpha· 2025-11-04 13:56
I’ve been watching Uber Technologies, Inc. (NYSE: UBER ) and Toast, Inc. (NYSE: TOST ) work around the same restaurant customers for years without fully teaming up. Uber operates out on the streets, coordinatingI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have a benef ...
Toast: High Valuation, Higher Growth -- Why It's Worth Paying Up For
Seeking Alpha· 2025-11-02 08:24
Core Insights - The article emphasizes the importance of understanding macro trends and their influence on asset prices and investor behavior, particularly in the context of equity analysis and research [1]. Group 1: Professional Background - The company has over 10 years of experience in asset management, focusing on equity analysis, macroeconomics, and risk-managed portfolio construction [1]. - The expertise covers both institutional and private client asset management, with a strong emphasis on multi-asset strategies [1]. Group 2: Investment Philosophy - The company believes in making investing accessible, inspiring, and empowering for all investors [1]. - There is a commitment to sharing insights and exchanging ideas to enhance long-term investing confidence [1]. Group 3: Market Focus - The company closely monitors EU and US central bank policies, sector rotation, and sentiment dynamics to construct actionable investment strategies [1]. - The analysis includes navigating various market conditions over the past decade, indicating a robust understanding of market dynamics [1].
Huntress Welcomes Chris Comparato, Former CEO of Toast, to Its Board
Newsfilter· 2025-10-31 14:24
Core Insights - Huntress has appointed Chris Comparato, former CEO of Toast, as its first independent Board member, aiming to leverage his extensive experience in scaling high-growth SaaS companies [1][2]. Company Overview - Huntress is a global cybersecurity company focused on making enterprise-grade cybersecurity products accessible to all businesses, with a mission to protect the businesses that power communities [4]. - The company offers a range of cybersecurity solutions, including Endpoint Detection and Response (EDR), Identity Threat Detection and Response (ITDR), Security Information and Event Management (SIEM) tools, and Security Awareness Training (SAT) [4]. Leadership and Strategy - Comparato brings over 25 years of leadership experience, having successfully led Toast through significant growth and its IPO in 2021 [2]. - The CEO of Huntress, Kyle Hanslovan, emphasizes the importance of bringing in top-tier executives to help the company reach its billion-dollar potential and navigate its current hyper-growth phase [3]. Operational Capabilities - Huntress operates a 24/7 AI-assisted Security Operations Center (SOC) staffed by a team of engineers, researchers, and security analysts dedicated to preventing cyber threats [5]. - The company currently protects over 4 million endpoints and 8 million identities, empowering security teams and Managed Service Providers (MSPs) worldwide [5].
Huntress Welcomes Chris Comparato, Former CEO of Toast, to Its Board
Globenewswire· 2025-10-31 14:24
Core Insights - Huntress has appointed Chris Comparato, former CEO of Toast, as its first independent Board member, aiming to leverage his extensive experience in scaling high-growth SaaS companies [1][2] Company Overview - Huntress is a global cybersecurity company focused on making enterprise-grade cybersecurity products accessible to all businesses, with a mission to protect the businesses that power communities [4] - The company offers a range of cybersecurity solutions, including Endpoint Detection and Response (EDR), Identity Threat Detection and Response (ITDR), Security Information and Event Management (SIEM), and Security Awareness Training (SAT) [4] Leadership and Growth Strategy - Comparato brings over 25 years of leadership experience and has successfully led Toast through significant growth, including its IPO in 2021 [2] - The CEO of Huntress, Kyle Hanslovan, emphasizes the importance of bringing in top-tier executives to help the company reach its billion-dollar potential and navigate its current hyper-growth phase [3] Operational Capabilities - Huntress operates a 24/7 AI-assisted Security Operations Center (SOC) staffed by renowned engineers and security analysts, dedicated to preventing cyber threats [5] - The company currently protects over 4 million endpoints and 8 million identities, empowering security teams and Managed Service Providers (MSPs) worldwide [5]
Fiserv's Lone Bear: 26-Year-Old Analyst Explains His Call Before Huge Selloff
Youtube· 2025-10-31 14:03
Core View - The analyst from Rothschild, Dominic Ball, maintains a sell rating on Fire Serv, indicating that the company's issues have been apparent for months, with the stock down 70% since the downgrade [1][2]. Company Analysis - The downgrade was primarily due to problems with Fire Serv's Clover product, a point of sale system, suggesting systemic issues within the company [2]. - The analyst notes that management has focused too aggressively on Clover, potentially neglecting other areas of investment [7]. - The payments industry is undergoing significant technological changes, making it challenging for companies like Fire Serv, which have grown through mergers and acquisitions, to innovate and adapt [8][10]. Market Context - Only 5% of analysts are comfortable issuing sell ratings, highlighting the contrarian nature of the analyst's position [3]. - The earnings season shows that 80% of companies are beating estimates, but this is not unusual in the current market context [11]. Comparisons with Peers - Toast is highlighted as a strong competitor in the payments space, with a focus on a single vertical and a robust R&D budget, allowing for better performance compared to Fire Serv [9][14]. - Toast has shown significant growth potential, with a target price of $60, and is expected to maintain strong margins and market share [15][17]. Investment Strategy - The analyst emphasizes the importance of deep-dive research, which allows for a more informed and high-conviction view on companies, contrasting with the typical short-term focus of other investment banks [4][13].
Jim Cramer Says “Toast Happens to Be Doing Very Well”
Yahoo Finance· 2025-10-31 13:41
Toast, Inc. (NYSE:TOST) is one of the stocks Jim Cramer recently discussed. A young investor inquired Cramer’s thoughts on the company, and asked if he would do anything with the position ahead of the company. In response, Cramer said: “Wow, I mean, think about that. Now there’s some, that kid’s got horse sense. Alright, look, I think Toast is right now, it’s trading on the idea that the restaurants aren’t doing well. Not that Toast isn’t doing well, because Toast happens to be doing very well. And you’re ...
Truist Lowers Toast (TOST) PT to $47 Ahead of Q3 FinTech Earnings
Yahoo Finance· 2025-10-30 13:57
Toast Inc. (NYSE:TOST) is one of the best up and coming stocks to buy right now. On October 24, Truist analyst Matthew Coad lowered the firm’s price target on Toast to $47 from $51 with a Buy rating on the shares. This sentiment was announced as part of the firm’s broader research note that previewed Q3 2025 earnings in the Payments and FinTech sector, as consumer spending has stayed robust in this sector. However, there is speculation that Q4 forecasts for some firms might disappoint the market. Truist L ...
Jim Cramer Likes Toast, But Isn't Buying Shares—Yet
Benzinga· 2025-10-30 12:06
Group 1: Toast, Inc. (NYSE: TOST) - Jim Cramer expressed interest in buying shares of Toast, Inc. but advised waiting for the earnings report on November 4 [1] - Citigroup analyst Bryan Keane initiated coverage on Toast with a Buy rating and a price target of $51 [1] - Wells Fargo analyst Jason Kupferberg also initiated coverage with an Overweight rating and a price target of $47 [1] Group 2: Energy Transfer LP (NYSE: ET) - Cramer has a favorable view of Energy Transfer, which recently increased its quarterly dividend from $0.33 to $0.3325 per share [2] - Energy Transfer shares fell 0.4% to settle at $16.93 [4] Group 3: Datavault AI Inc. (NASDAQ: DVLT) - Cramer noted that Datavault AI is "losing money hand over fist" and suggested reducing holdings while allowing the rest to run [2] - Datavault AI raised $2.5 million through a registered direct offering, selling shares at $0.34 and $0.47 [2] - Datavault AI shares dipped 17.3% to settle at $2.67 [4]
Freedom Capital Markets Gives Toast (TOST) a Buy Rating
Yahoo Finance· 2025-10-18 01:54
Core Insights - Toast, Inc. (NYSE: TOST) has been rated as a Buy by Freedom Capital Markets, with a price target set at $45, highlighting its successful penetration of the US restaurant market [1][2] - The company has achieved approximately 15% market coverage in US restaurant locations since 2011 [1] - Freedom Capital Markets identifies multiple growth catalysts for Toast, including market share gains in small and medium-sized businesses, opportunities in enterprise, food and beverage retail, and international markets [2][3] Company Overview - Toast, Inc. is an American company that provides financial technology solutions and restaurant management software, offering a cloud-based, all-in-one digital technology platform tailored for the restaurant industry [4] - The platform includes solutions for point of sale, payments, operations, digital ordering and delivery, marketing and loyalty, and team management [4] Growth Potential - The firm believes that the identified opportunities can drive sustained growth in key performance indicators, particularly in net new locations and annualized recurring revenue [3] - Toast may exceed its medium-term targets shared during its May 2024 Investor Day [3]