Quarterly ResultMay 7, 2026, 04:32 PM
Toast Q1 Net Income $126M; ARR +26% to $2.2B; Adj. EBITDA $179M
AI Summary
Toast, Inc. announced strong financial results for the first quarter ended March 31, 2026, with net income of $126 million and Adjusted EBITDA of $179 million. The company's Annualized Recurring Run-rate (ARR) grew 26% to $2.2 billion, driven by the addition of approximately 7,000 net new locations. Toast also repurchased 14 million shares for $378 million year-to-date and raised its full-year 2026 Adjusted EBITDA guidance, while launching new products like Toast IQ Grow and Toast Drive-Thru.
Key Highlights
- Net income was $126 million in Q1 2026, up from $56 million in Q1 2025.
- Adjusted EBITDA reached $179 million in Q1 2026, compared to $133 million in Q1 2025.
- Annualized Recurring Run-rate (ARR) grew 26% year over year to $2.2 billion as of March 31, 2026.
- Added approximately 7,000 net new Locations in Q1, bringing total locations to 171,000 (+22% YoY).
- Gross Payment Volume (GPV) increased 22% year over year to $51.3 billion.
- Subscription services and financial technology solutions gross profit grew 32% year over year to $520 million.
- Repurchased 14 million shares for $378 million year-to-date through May 6, 2026.
- Raised full-year 2026 Adjusted EBITDA guidance to $790 million - $810 million.