Toast

Free Cash Flow is defined as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalization of internal-use software costs (collectively referred to as capital expenditures).

SEC original ↗Toast — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The Company did not recognize any credit losses or non-credit-related impairments related to available-for-sale marketable debt securities for the six months ended June 30, 2026 and 2025.

SEC original ↗Toast — 10-Q Quarterly report10-QAug 5, 2026

Share Repurchase Program In February 2024, the Company announced the authorization of a share repurchase program for the repurchase of shares of Class A common stock, par value $ 0.000001 per share, in an aggregate amount of up to $ 250 million.

SEC original ↗Toast — 10-Q Quarterly report10-QAug 5, 2026

On February 10, 2026, the Company s board of directors approved an increase of $ 500 million to the previously authorized share repurchase program for the repurchase of shares of Class A common stock.

SEC original ↗Toast — 10-Q Quarterly report10-QAug 5, 2026

The repurchase program has no expiration date, does not obligate the Company to acquire any particular amount of Class A common stock, and may be suspended at any time at the Company s discretion.

SEC original ↗Toast — 10-Q Quarterly report10-QAug 5, 2026

The timing and actual number of shares repurchased may depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities.

SEC original ↗Toast — 10-Q Quarterly report10-QAug 5, 2026

Net income was $80 million and Adjusted EBITDA was $161 million in second quarter Toast enters strategic multi-year partnership with American Express BOSTON, MA August 5, 2025 Toast (NYSE TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the second quarter ended June 30, 2025.

SEC original ↗Toast — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Recent Business Highlights Toast announced a strategic multi-year partnership with American Express to explore opportunities to help drive more guests to dining venues and power personalized hospitality experiences across the vast networks of Resy, Tock, and Toast restaurant locations in the United States.

SEC original ↗Toast — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Toast can give no assurance that the plans, intentions, expectations or strategies as reflected in or suggested by those forward-looking statements will be attained or achieved.

SEC original ↗Toast — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Key Business Metrics In addition, Toast also uses the following key business metrics to help it evaluate its business, identify trends affecting its business, formulate business plans, and make strategic decisions 1.

SEC original ↗Toast — Earnings release (8-K exhibit)EX-99Aug 5, 2025

All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations, financial condition, business strategy, plans and objectives of management for future operations, our market opportunity and the potential growth of that market, our liquidity and capital needs and other similar matters, are forward-looking statements.

SEC original ↗Toast — 10-Q Quarterly report10-QAug 5, 2026

These statements are not historical facts or guarantees of future performance, but represent the beliefs of Toast and its management at the time the statements were made regarding future events which are subject to certain risks, uncertainties and other factors, many of which are outside Toast s control.

SEC original ↗Toast — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Toast s filings with the Securities and Exchange Commission ( SEC ), including in the sections entitled Risk Factors and Management s Discussion and Analysis of Financial Condition and Results of Operations'' in Toast s Annual Report on Form 10-K for the year ended December 31, 2024, Toast s Quarterly Report on Form 10-Q for the three months ended June 30, 2025 that will be filed following this earnings release, and Toast s subsequent SEC filings.

SEC original ↗Toast — Earnings release (8-K exhibit)EX-99Aug 5, 2025

i SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements about us and our industry that involve substantial risks and uncertainties.

SEC original ↗Toast — 10-Q Quarterly report10-QAug 5, 2026

These forward-looking statements are based on management s current expectations and assumptions about future events, which are inherently subject to uncertainties, risks, and changes in circumstances that are difficult to predict.

SEC original ↗Toast — 10-Q Quarterly report10-QAug 5, 2026

presidential administration-related changes, fluctuations in inflation and interest rates, capital market disruptions, tariffs, sanctions, or economic slowdowns or recessions, on our business and the industries we serve; our ability to source, finance, and integrate companies and assets that we have or may acquire; and the sufficiency of our cash, cash equivalents and investments to meet our liquidity needs.

SEC original ↗Toast — 10-Q Quarterly report10-QAug 5, 2026

The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors listed or described from time to time in our filings with the Securities and Exchange Commission, or the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and this Quarterly Report on Form 10-Q.

SEC original ↗Toast — 10-Q Quarterly report10-QAug 5, 2026