Toast Reports Record Q2 2025 Results, Achieves Significant Profitability, and Raises Full-Year Outlook

TOST
October 03, 2025

Toast announced its second-quarter 2025 financial results on August 5, 2025, reporting total revenue of $1,550 million, a 25% increase year-over-year. The company achieved a net income of $80 million, or 13 cents per share, demonstrating substantial profitability growth.

The quarter saw a record addition of 8,500 net new locations, bringing the total to approximately 148,000 locations, a 24% year-over-year increase. Recurring gross profit streams, comprising Subscription Services and Financial Technology Solutions, grew 35% year-over-year, with Subscription Services Revenue up 37% to $227 million.

Adjusted EBITDA reached $161 million, with a robust margin of 35%, expanding 8 percentage points year-over-year, and GAAP Operating Income was $80 million. Toast raised its full-year 2025 guidance, projecting 29% growth in fintech and subscription gross profit and Adjusted EBITDA of $575 million, reflecting strong confidence in sustained momentum.

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