Toast Announces Second Quarter 2025 Financial Results

How did the company's guidance impact the valuation multiples (P/E, EV/EBITDA) for the stock? What are the potential risks or catalysts highlighted by management? What is the company's cash flow and balance sheet position after the quarter? Did the company provide forward guidance for Q3 2025 and full year 2025? What was the year-over-year change in revenue and net income? Did the company announce any new partnerships, product launches, or acquisitions? How did the company's earnings per share compare to analyst expectations? What were the notable changes in customer acquisition, retention, and average ticket size? How might this earnings release affect short-term and long-term stock price trends? How does the performance benchmark against major competitors in the restaurant tech sector? How did the gross margin and operating expenses trend versus prior quarters? What were the key drivers behind Toast's Q2 2025 revenue growth or decline?