Toast Results Presentation Deck
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Defining Key Terms
Gross Payment Volume (GPV)
Sum of total dollars processed through the Toast payments platform across all restaurant locations in a given period
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Annualized Recurring Run-Rate (ARR)
Sum of twelve times the subscription component of MRR and four times the trailing-three-month cumulative payments component of MRR
Adjusted EBITDA
Net income (loss), adjusted to exclude the following items, as applicable:
Stock-based compensation expense and related payroll tax expense
Depreciation and amortization expense
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Interest income (expense), net
Other income (expense), net
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Acquisition-related expenses
Fair value adjustments on warrant and derivative liabilities
Expenses related to early termination of leases
Loss on debt extinguishment
Charitable contribution stock-based expense
Income taxes
Free Cash Flow
Calculated as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalization of internal-use software costsView entire presentation