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Toast achieves profitability milestone despite growing competition

Article by Grace Broadbent  |  Feb 21, 2025
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Toast achieves profitability milestone despite growing competition
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Digital Payments
Mobile Payments
United States

The news: Toast achieved its first year of profitability in 2024, per its Q4 earnings release. Net income was $19 million for the year, compared to a net loss of $246 million in 2023.

Gross payment volume (GPV) increased 26% YoY during the year. And subscription services and financial technology solutions gross profit jumped 34% YoY.

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