Toast, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 04:06 pm EST
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Toast, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 1,036 million compared to USD 769 million a year ago. Net loss was USD 36 million compared to USD 99 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.19 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.19 a year ago.
For the full year, revenue was USD 3,865 million compared to USD 2,731 million a year ago. Net loss was USD 246 million compared to USD 275 million a year ago. Basic loss per share from continuing operations was USD 0.46 compared to USD 0.54 a year ago. Diluted loss per share from continuing operations was USD 0.47 compared to USD 0.72 a year ago.
Toast, Inc. offers cloud-based, end-to-end technology digital platform for the restaurant community. The Companyâs platform provides a suite of software as a service (SaaS), products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and an ecosystem of third-party partners. The Company's portfolio spans several product categories, including restaurant operations and point of sale, digital ordering and delivery, marketing and loyalty, team management, supply chain and accounting, financial technology solutions, and platform and insights. The Company serves as the restaurant operating system, connecting front-of-house and back-of-house operations across dine-in, takeout, and delivery channels. The Companyâs subsidiaries include Toasttab Ireland Limited, Toast Capital LLC, Toast Processing Services LLC, Toast MSC, Inc., Stratex HoldCo, LLC and OAE Software, LLC.
TOAST, INC. 
