5 Interesting Learnings from Toast at $500m in ARR, and a $3B Total Run Rate
SaaStr
SEPTEMBER 22, 2021
IPO behind them, we can take a look behind its metrics. It loses money on the hardware (gross margin negative) and the payments solutions have barely a 20%+ margin and constitute the vast majority of revenue today. The company exploded from 3,000 restaurant locations in 2016 to 40,000 in 2020. Mediocre margins in payments.
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