Toast is the operating system for restaurants—POS terminals, handhelds, kitchen screens, online ordering, and payroll all in one cloud platform, like an iPhone for running a diner or a 200-location chain.
Money comes from subscription software plus payment processing fees on every transaction, a recurring revenue stream with gross margin around 26.68% TTM. Net margin hit 7.14% TTM, up from 0.38% in 2024 as scale kicks in.
Restaurants face high switching costs once their staff, menus, and workflows run on Toast—ripping it out means retraining everyone. But Square (Block) and Lightspeed are pushing cheaper, simpler POS bundles into the same small-restaurant market, chipping at To
Hold (sector percentile 61) — value B, growth B, profitability C, momentum B, revisions B+. Updated daily, sector-relative, identical for every user.
Key events, in time order
Analyst questions Adyen economics; Toast as top partner in spotlight
Vassil sold 4,700 shares on Aug 5; Gomez reduced 9% stake; insider selling continues
Expands Google partnership, bringing agentic ordering to Ask Maps to deepen AI restaurant use cases
Post-earnings analyst PT hikes, AI reinvestment, and raised guidance extend the event line
Institutional buying continues, but single source only, no new independent confirmation
S&P Dow Jones Indices announced Toast will replace TopBuild, effective before open July 1, as QXO is expected to complete acquisition of TopBuild.
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Toast is mentioned in discussions about stock market trends and potential value, with some users adding it to their portfolios. The focus is on its position within the market and its valuation multiples.
Main discussion
Stock Market Today with @IBD_JNielsen and @mwebster1971 Power trend on the ropes; Palantir, Snowflake, Toast in focus $PLTR $SNOW $TOST https://youtube.com/live/mAHLblyA7rY
Added 66 new stock write-ups to the site (pt 1): @invest091 (portfolio update) - $KRMN, $TOST, $BKNG, $ISRG @realroseceline - $SUJA @Mathlonning - $TBTC @Hiddenmarketgem - $MICC @AndrewRangeley (One Idea per Day) - $INMD, $PZZA @MattJMcClintock - $AS (earnings) https://t.co/orno7
Block $XYZ 'Conglomerate Discount' Update EV-to-2026 Gross Profit: $XYZ 4.0x $CHYM 5.4x $TOST 9.5x 2026 GP for $XYZ Cash App $8.0B (+26%) Square $4.4B (+12%) Other $0.1B If you give Cash App GP a $CHYM multiple, you have $43.2B of EV, leaving $7.3B assigned to Square, implying an
$TOST RMV 0 and inside day yesterday https://t.co/2XPtHMHmUv
$TOST Perfect. https://t.co/HlPEyrpiwl
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Facts and opinions separated · All items sourced · Not investment advice
