Toast, Inc. (NASDAQ: $TOST) reported its fourth-quarter earnings, revealing a revenue of $1.34 billion, surpassing analyst expectations of $1.32 billion. This represents a year-over-year increase of 29.15%. However, the company's earnings per share (EPS) of $0.05 fell short of the anticipated $0.06. The earnings report also highlighted an EBITDA of $111 million, exceeding the forecast of $99 million, while the company guided for a first quarter EBITDA of $105 million and a full-year EBITDA of $520 million. Toast's gross payment volume (GPV) grew by 25% year-over-year to $42.2 billion, with subscription revenues increasing by 40.85% to $200 million and financial technology solutions revenues rising by 28.1% to $1.09 billion. The company has significantly expanded its annual recurring revenue (ARR) by more than five times over the past four years, despite facing competition in the restaurant point-of-sale market. Additionally, Toast is actively pursuing opportunities to sell integrated payment solutions outside of the U.S.