Toast — Nov 4, 2025 release

Outlook 1 For the fourth quarter ending December 31, 2025, Toast expects to report: • Non-GAAP subscription services and financial technology solutions gross profit in the range of $480 million to $490 million (22-25% growth compared to Q4 2024) • Adjusted EBITDA in the range of $140 million to $150 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 $1,865 million to $1,875 million (32% growth compared to 2024, up from 28-29% growth) 1 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. • Adjusted EBITDA in the range of $610 million to $620 million (up from $565 million to $585 million) 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. Recent Business Highlights • Toast announced a major expansion of the Toast IQ intellig