Toast Q4 Earnings Call Highlights

Gomez said SaaS ARR and subscription revenue each grew 28% year-over-year in Q4, alongside “consistent mid-single-digit increases in SaaS ARPU on an ARR basis.” Subscription gross profit increased 33% and SaaS gross margin expanded 300 basis points to 80% in Q4. She also said the SaaS net retention rate was 109% in 2025, driven by upsell and location expansion.In the fourth quarter, Toast’s recurring gross profit streams increased 28%, and the company added approximately 8,000 net locations. Gomez said tota ...