Toast

Toast

All-in-one POS and restaurant tech platform

Overview

Toast provides an integrated restaurant technology platform with an all-in-one POS system plus hardware and software for dining businesses. It combines mobile ordering, online ordering, gift card management, sales reporting, employee management, and CRM in a single system that processes orders, payments, and back-office tasks. Revenue comes from subscriptions, transaction fees, hardware sales, and value-added services like Toast Capital loans to restaurants. The goal is to help restaurants run more efficiently and grow by reducing third-party dependencies and streamlining operations across formats from fine dining to quick-service.

About Toast

Simplify's Rating
Why Toast is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Boston, Massachusetts

Founded

2011

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Simplify's Take

What believers are saying

  • Q2 2026 recurring gross profit grew 28%, and guidance rose for 2026.
  • Toast added a record 9,500 net locations in Q2 2026, reaching about 180,000.
  • Alicart, BWH Hotels, and Google Maps expansions broaden enterprise and discovery channels.

What critics are saying

  • Square, Clover, and bank resellers attack Toast on price and contract flexibility.
  • Gratuity Solutions litigation over secrets and coercive tactics keeps legal risk active.
  • A deeper slowdown in restaurant openings would hit Toast's location-led growth engine.

What makes Toast unique

  • Toast's restaurant-native platform spans POS, payments, labor, inventory, and AI agents.
  • Google Maps Ask Maps integration turns restaurant discovery into first-party ordering.
  • Toast Drive-Thru combines POS, KDS, and AI voice ordering for enterprise QSRs.

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Funding

Total Funding

$1.8B

Above

Industry Average

Funded Over

10 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Peer Nominated Toastie Awards

Professional Development Reimbursement Program

Sabbatical

Unlimited Vacation & Flexible Work Hours

Medical, Dental, & Vision Coverage + Wellness Stipend

Commitment to Employee Wellness

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

1%
Yahoo Finance
Aug 12th, 2026
Toast beats Q2 expectations with $1.91B revenue as AI-powered Toast IQ Grow drives record location adds

Toast reported second quarter results showing broad-based momentum, with revenue of $1.91 billion beating analyst estimates of $1.87 billion. The restaurant technology platform saw adjusted earnings per share of $0.36, surpassing the $0.32 consensus. CEO Aman Narang credited growth to rapid adoption of Toast IQ Grow, the company's AI-driven marketing agent, which contributed to record net location additions. The company reported annual recurring revenue of $2.41 billion, up 24.9% year-on-year. Operating margin improved to 8%, up from 5.2% in the prior year quarter. CFO Elena Gomez attributed margin expansion to cost optimisation efforts and a one-time hardware tariff refund. During the earnings call, analysts focused on the long-term revenue opportunity from new AI modules and drivers of sustainable margin expansion. Management indicated conversion rates for its AI product remain strong and the offering already operates at positive margins.

Yahoo Finance
Aug 12th, 2026
Toast grows recurring gross profit 28% with record 9,500 net location adds in Q2

Toast reported strong second-quarter 2026 results, with recurring gross profit streams growing over 28% and GAAP operating income margins expanding to 26%. The restaurant technology platform added a record 9,500 net locations during the quarter, surpassing its previous high by 1,000. CEO Aman Narang highlighted the company's AI initiatives, noting that Toast IQ Grow, its marketing agent, is the fastest-growing product the company has ever launched. The tool is designed to help restaurant customers drive business outcomes. Narang expressed confidence that the AI opportunity could help scale average revenue per user over time. The company is focusing on integrating AI agents with its software platform to deliver value to restaurant operators whilst expanding its presence in new markets.

Yahoo Finance
Aug 10th, 2026
Toast CFO sold $600K in shares under pre-set plan, retains $5.8M stake

Elena Gomez, president and CFO of Toast, sold 17,076 shares of Class A Common Stock for approximately $602,441 on 5 and 6 August, according to an SEC Form 4 filing. The sale was executed under a Rule 10b5-1 trading plan adopted on 12 December 2025, which allows automated, scheduled transactions. The transaction reduced Gomez's direct shareholding by 9% to nearly 168,000 shares, valued at $5.84 million as of 6 August. She maintains approximately 0.03% of the company's outstanding equity. Toast shares closed at $34.72 on 6 August, representing a 24% decline over the preceding 12 months. The cloud-based restaurant technology platform provider has a market capitalisation of $20.1 billion, with trailing twelve-month revenue of $6.8 billion and net income of $486 million.

PR Newswire
Aug 10th, 2026
Tabbed integrates with Toast to bring frictionless payments and AI-driven guest intelligence to restaurants

Tabbed has integrated with Toast, a global restaurant technology platform, to bring frictionless mobile payments and AI-driven guest intelligence to hospitality venues. The integration uses Bluetooth technology to let diners automatically connect their phones to their bill, split payments, and leave without waiting for a check or payment terminal. Beyond payments, the system provides restaurant staff with real-time guest insights through the Toast POS, including dining history, preferences, and visit frequency. Tabbed's AI also suggests menu items like wine pairings or desserts based on what guests have ordered. One restaurant using Tabbed reduced payment-related service time by over nine minutes per table, with average tips increasing 24%. The platform aims to help restaurants turn tables faster whilst improving the guest experience and staff efficiency.

Yahoo Finance
Aug 8th, 2026
Toast CEO sells 138,000 shares for $4.9M as stock drops 24%

Aman Narang, CEO of Toast, Inc., sold 138,052 shares for approximately $4.9 million, according to an SEC Form 4 filing. The sale was executed under a Rule 10b5-1 trading plan adopted on 13 March 2026 by the Starlight 2026 Charitable Remainder Trust. Narang realised a weighted average price of $35.27 per share in the transaction. Following the sale, he retains 70,451 shares directly and 462,698 shares indirectly through various trusts. The sale comes as Toast's stock has declined 24% over the past year. As of 6 August 2026, the company has a market capitalisation of $20.1 billion and reported trailing twelve-month revenue of $6.8 billion with net income of $486 million. Toast provides cloud-based technology platforms for restaurants, offering point-of-sale systems and payment processing services.

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