Operator
Good afternoon. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to Toast’s Fourth Quarter and Full Year 2025 Earnings Conference Call. Today’s call will be 45 minutes.
I’ll now turn the call over to Michael Senno, Senior Vice President of Finance. You may begin your conference.
Michael Senno
Senior VP of Finance & Strategy, Treasury and Investor Relations
Thank you, operator. Welcome to Toast’s Earnings Conference Call for the Fourth Quarter and Full Year ended December 31, 2025. On today’s call are CEO, Aman Narang; and CFO, Elena Gomez, who will open with prepared remarks, which will be followed by our Q&A session.
Before we start, I’d like to draw your attention to the safe harbor statement included in today’s press release. During this call, we’ll make statements related to our business that may be considered forward-looking within the meaning of the Securities Act and the Exchange Act. All statements other than statements of historical facts are forward-looking statements, including those regarding management’s expectations of future financial and operational performance and operational expenditures, location growth, future profitability and margin outlook, business and investment strategy, expected growth and business outlook, including

