Toast Q1 EPS Loss Narrows with 20% Surge in Payment Volume
Toast narrowed its Q1 non-GAAP EPS loss to $0.08 per share from $0.12 a year ago, driven by a 20% year-over-year increase in payment processing volume on its restaurant POS platform. Subscription software revenue jumped 18% to $160 million as adoption of its Flex terminal and Loyalty modules accelerated.
1. Q1 Financial Results
Toast reported a non-GAAP EPS loss of $0.08 per share for the first quarter, an improvement from a $0.12 loss in the year-ago period. Total revenue rose 12% to $540 million, supported by both payments and subscription services.
2. Payment Volume and POS Engagement
Payment processing volume climbed 20% year-over-year as restaurants increased reliance on Toast’s cloud-based POS and Flex hardware. Management highlighted strong usage of contactless ordering and integrated payments as key engagement drivers.
3. Subscription Software Growth
Subscription and software revenue increased 18% to $160 million, led by higher uptake of Loyalty and Payroll modules. Toast noted that enterprise customer count grew 25%, reflecting deeper penetration of its full-stack restaurant management suite.