TOST - Toast Stock Pops On Q1 Earnings: 'We Are Positioned For Durable Growth And Ongoing Margin Expansion' | Benzinga
Toast Inc (NYSE:TOST) reported first-quarter financial results Tuesday after the close. Here’s a look at what you need to know.
- Q1 Revenue: $1.075 billion, versus estimates of $1.041 billion
- Q1 EPS: Loss of 15 cents, versus estimates for a loss of 14 cents
Annualized recurring run-rate (ARR) grew 32% to $1.3 billion as of March 31. Gross Payment Volume (GPV) increased 30% year-over-year to $34.7 billion.
Toast noted that it added over 6,000 net new locations in the first quarter. Total locations were up 32% year-over-year to approximately ...