Toast, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2025, reporting strong growth in key metrics including a 26% increase in ARR to over $2.0 billion and GAAP net income of $101 million for Q4 2025. The company's board also authorized a $500 million increase to its share repurchase program and provided financial guidance for Q1 and full year 2026.
Key takeaways
Annualized recurring run-rate (ARR) increased 26% year over year to over $2.0 billion as of December 31, 2025
Fourth quarter 2025 GAAP net income was $101 million compared to $33 million in Q4 2024
Full year 2025 GAAP net income was $342 million compared to $19 million in full year 2024
Board of Directors authorized a $500 million increase to the share repurchase program on February 10, 2026
Added a record 30,000 net locations in 2025, including approximately 8,000 in the fourth quarter
For Q1 2026, expects Non-GAAP subscription services and financial technology solutions gross profit of $505-515 million and Adjusted EBITDA of $160-170 million