Toast — Aug 5, 2025 release

For more information on the non-GAAP financial measures and key metrics discussed in this press release, please see the sections titled “Key Business Metrics” and “Non-GAAP Financial Measures,” as well as the reconciliations of non-GAAP financial measures to their nearest comparable GAAP financial measures at the end of this press release. Outlook 2 For the third quarter ending September 30 , 2025, Toast expects to report: • Non-GAAP subscription services and financial technology solutions gross profit in the range of $465 million to $475 million (23-26% growth compared to Q3 2024) • Adjusted EBITDA in the range of $140 million to $150 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. 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 $1,815 million to $1,835 million (28-29% growth compared to 2024, up from 25-27% growth) • Adjusted EBITDA i