Toast — May 8, 2025 release

Outlook 2 For the second quarter ending June 30 , 2025, Toast expects to report: • Non-GAAP subscription services and financial technology solutions gross profit in the range of $435 million to $445 million (26-29% growth compared to Q2 2024) • Adjusted EBITDA in the range of $130 million to $140 million For the full year ending December 31 , 2025 , Toast expects to report: • Non-GAAP subscription services and financial technology solutions gross profit in the range of $1,775 million to $1,795 million (25-27% growth compared to 2024, up from 23-25% growth) • Adjusted EBITDA in the range of $540 million to $560 million (up from $510 million to $530 million) 1 Toast considers Non-GAAP subscription services and financial technology solutions gross profit to be its recurring gross profit streams. 2 A reconciliation of these forward looking Non-GAAP measures to the corresponding GAAP measure is not available without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such reconciliations that have not yet occurred, are out of our control, or cannot be reasonably predicted, including but not limited to the change in fair value of our warrant liability and stock-based compensation. For the same reasons, the Company is unable to assess the probable significance of the unavailable information, which could have a material impact on its future GAAP financial results. The outlook provided above constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. See cautionary note regarding “Forward-looking Statements” in this press release. Credit Facility Renewal On May 6, 2025, Toast closed a $350 mill