Toast, Inc. Q3 2025 Earnings Recap

Toast delivered a robust third quarter with 34% revenue growth and surpassed $2 billion in annual recurring revenue (ARR) for the first time, positioning the company for sustained expansion in the restaurant technology sector.

Key Takeaways

• Achieved 34% year-over-year revenue growth and 35% gross margins amid continued strong performance in net location adds.
• Secured major partnerships with brands like Nordstrom and TGI Fridays, emphasizing Toast’s growing influence in various restaurant segments.
• International SaaS ARPU increased by 20% year-over-year, reflecting successful market expansion and competitive platform offerings.
• Expanded partnerships, including a collaboration with Uber, to enhance off-premise sales capabilities for restaurant clients.