🔴 TOST is trading 16.9% down today in a post-earnings reversal despite beating Q1 estimates and raising guidance

TOST is trading at $24.41, down 16.93% today in a sharp post-earnings reversal as investors take profits despite the company reporting a Q1 beat and an improved full-year outlook.

• Toast reported Q1 net income of $126 million, more than doubling the $56 million from the prior year, alongside 27% growth in recurring gross profit.
• Management raised its full-year Adjusted EBITDA guidance to $790 million–$810 million, signaling strong operational momentum.
• The dramatic decline follows a 3.78% gain at the May 7 close, suggesting a sell-the-news reaction as initial enthusiasm gave way to valuation concerns.