Reported 2 days ago
Toast, Inc. (NYSE:TOST) experienced a remarkable surge of 11.43% in its stock price, ending at $40.84 on Friday, following the company's announcement of a net income of $56 million for the first quarter of 2025, a significant turnaround from the previous year's $83 million loss. The growth was fueled by a 24% increase in revenues to $1.3 billion, mostly attributed to its financial technology solutions and subscription services. For the remainder of 2025, Toast anticipates continued revenue growth between $1.775 billion and $1.795 billion, indicating a solid performance amidst a generally declining market.
Source: YAHOO