Toast Inc (TOST)

Toast Supports the International Chamber of Commerce UK Trade & Export Initiative for Hospitality Brands Expanding InternationallyMay 21, 2026 4:00 AM
Business Wire Toast (NYSE: TOST), the global technology platform built for restaurant and retail businesses, today announced its participation as a proud sponsor of the International Chamber of Commerce (ICC) UK Trade & Export initiative. As the world’s largest business organisation and the only one with United Nations observer status, the ICC represents 45 million companies globally. Through this initiative, Toast will be featured as the sponsor for ICC UK’s network of hospitality decision-makers, supporting brands as they scale operations across the UK and into the United States. "The most successful hospitality brands inevitably expand globally — and when they do, they need a technology partner that’s already there and ready to support them," said Mike Miller, COO International at Toast. "We provide a unified operational foundation that enables operators to scale across markets with consistency and confidence, so they can focus on growing their business rather than managing complexity. Through the ICC UK Trade & Export initiative, we’re helping hospitality leaders understand how the right platform can support expansion from London to New York and beyond." Toast continues to evolve its platform to meet the needs of modern, global operators by integrating software, AI, payments, hardware, and financial technology solutions in every market it serves. This "build global, act local" approach is designed to enable Toast, which powers approximately 171,000 locations globally, to provide dedicated UK-based teams across sales and onboarding, with 24/7 customer care to support local operators on the ground. Toast is trusted by millions of restaurant employees, and 87% of customers Toast polled say it's easy for their staff to use.1 With strong adoption across the US and growth in the UK, it's getting likelier operators will encounter staff familiar with Toast as expansion continues. Toast’s support of the ICC’s UK Trade & Export initiative highlights its track record of working with leading hospitality brands operating across both the UK and the U.S., including Chotto Matte, Miznon, Swingers, and Carbone, demonstrating its ability to power complex, multi-location hospitality and restaurant operations. “Working with Toast has transformed how we run a multi-location business,” said Kurt Zdesar, Founder of Chotto Matte. “The fact that Toast works in America and works in the UK seamlessly is super important. The platform adapts to the way we serve guests, delivers real-time insights across markets, and gives us the confidence to expand knowing our operations are stable and flexible.” For more information on how Toast supports international expansion in the UK, visit https://pos.toasttab.com/uk/international-expansion About Toast Toast [NYSE: TOST] is a global technology platform built for restaurant and retail businesses. From the busiest local restaurants and shops to large hospitality brands, Toast helps owners and operators manage their businesses more efficiently, drive guest demand, and build lasting success. Toast integrates software, agentic AI, payments, financial technology solutions, and hardware with a broad partner ecosystem. Powering billions of purchases throughout local commerce, Toast delivers the precision and innovation required for modern restaurant and retail environments. For more information, visit https://pos.toasttab.com About the International Chamber of Commerce United Kingdom ICC United Kingdom is the UK representative office of the International Chamber of Commerce, the largest world business organisation representing 45 million companies in 170 countries. ICC’s mission is to promote inclusive, sustainable and green trade. Its rules underpin $25 trillion of global trade. For more information, visit https://iccwbo.uk 1To help better understand the restaurant industry, Toast conducted a customer survey of 1,164 restaurant and retail decision-makers operating 16 or fewer Toast locations in the United States from October 27, 2025, to November 11, 2025. Respondents included a mix of both full-service and quick-service restaurants. Respondents were aware that Toast was fielding the study. Using a standard margin of error calculation, at a confidence interval of 95%, the margin of error of +/- 3%. TOST-CORP View source version on businesswire.com: https://www.businesswire.com/news/home/20260521040798/en/ Media: media@toasttab.com
Investors: IR@toasttab.com Original: Toast Supports the International Chamber of Commerce UK Trade & Export Initiative for Hospitality Brands Expanding Internationally

Toast Launches Toast Go® 3 Handheld Point-of-Sale Device GloballyApril 28, 2026 4:00 AM
Business Wire
Toast’s innovative, durable hospitality-grade technology helps operators ensure seamless service and deliver dependable performance shift after shift


Toast today launched its Toast Go® 3 handheld point-of-sale (POS) device in the United Kingdom, Ireland, Canada, and Australia, building on Toast’s years of innovation that powers billions of orders and helps restaurant and retail operators deliver consistent, high-quality guest experiences across increasingly complex operating environments.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428620893/en/
Purpose-built for fast-paced, high-pressure environments, Toast Go® 3 combines durability, intelligent workflows, and resilient connectivity in a compact, lightweight design—enabling teams to operate seamlessly across dining rooms, outdoor service areas, large venues, and off-premise settings. Toast Go® 3 delivers smarter hospitality by putting guest preferences, essential shift details such as a new special, and upsell recommendations directly into the hands of the frontline team. These integrated tools help servers anticipate guest needs and drive revenue effortlessly, aiming to ensure high-performance service remains the standard across every shift. With built-in Wi-Fi and cellular connectivity—and easy switching between them—the device is designed to keep operations running smoothly even during storms or unreliable Wi-Fi conditions.


Built for the demands of the busiest restaurants


Restaurants today operate across multiple service models and environments, requiring tools that deliver both flexibility and reliability. Toast Go® 3 is designed to support these needs at scale:



Hospitality-grade durability: Toast Go® 3's rugged design is specifically built to withstand the realities of daily service—drops up to 1.5 meters (5 feet), spills (IP65-rated), and heat common in restaurants and service settings—delivering dependable performance shift after shift.



Comfortable all-day use: The Toast Go® 3 handheld is lightweight and compact, yet still has an expansive screen that’s 165 mm (6.52 in)—unlike bulkier traditional terminals or smaller-screened mobile options.



Extended battery life for continuous service: Designed for long operating hours, the device delivers more than 24 hours of battery life, for consistent, uninterrupted use throughout even the busiest shifts.



Smarter hospitality: Features such as Menu Upsells provide real-time prompts to support staff in delivering consistent recommendations, while Digital Chits surface key guest details to personalize service. Shift at a Glance keeps teams aligned with real-time updates on menu availability, specials, and operational changes.



Resilient connectivity across environments: With seamless switching between Wi-Fi and cellular networks, staff can take orders, process payments, and print receipts reliably—helping ensure continuity of service whether during a particularly busy shift or at an offsite pop-up event.



Operational consistency at scale: From high-volume dining rooms to distributed or multi-location operations, Toast Go® 3 helps standardize service and support staff training—enabling teams to maintain quality across every guest interaction.



“For restaurant owners, being busy is proof of progress. At Toast, our commitment to helping customers succeed in a rapidly changing world is what drives us to build technology like Toast Go® 3,” said Mike Miller, Chief Operating Officer of International at Toast. “As we expand our most powerful handheld globally, we’re doing it with ‘busy’ in mind. We’ve built this powerful, intuitive device to ensure that whether it’s a Friday night rush in London or a packed terrace in Toronto, operators have the tools to deliver seamless hospitality.”


Enabling high-quality hospitality anywhere restaurants operate


By combining intelligent software with reliable, purpose-built hardware, Toast Go® 3 helps restaurants adapt to evolving service models while maintaining the consistency and quality guests expect.


Ratnesh Bagdai, Co-Owner & Director at Brindisa Kitchens, has seen value in the Toast Go® 3’s durable design and strong connectivity, which together can help eliminate the technical delays that disrupt high-volume service:


"The new Toast Go? 3 handhelds have been a massive step up for us operationally. My teams at Brindisa and Bar Kroketa have been incredibly impressed with the hardware. It’s held up through the odd drops, and the large screens make everything much more intuitive, which is vital at the speed we move.”


“The real impact has been on our terraces, though. These handhelds allow for incredibly fast ordering right at the table. Even during our busiest shifts, the connectivity has been solid, so orders hit the kitchen instantly and payments are sorted without the team ever having to leave the guest’s side. It’s significantly improved our flow and efficiency."1


For Gabriel Cazan, Group Systems Manager at Caravan Restaurants, the adoption of Toast Go® 3 has unlocked a superior guest experience by allowing front-of-house staff to prioritize table-side engagement over administrative tasks:


"The transition to the Toast Go® 3 handheld has been a total gamechanger for our operations across Caravan. With Toast Go® 3, we’ve seen a complete change in staff behavior. The team can now spend more time on the guest experience—getting to know them and upselling smartly—rather than wasting time running back and forth to a fixed till.


"The large screen size is intuitive and easy to use, and the 4G connectivity means that even on our terraces, orders hit the kitchen instantly without any delays. The full day of battery life is the best part though - the team can move from one table to another to keep things moving quickly. The Toast Go® 3 has truly streamlined our entire guest experience. Our teams are happy, and I can’t wait to have them across all nine of our sites!”2


The next evolution of Toast's purpose-built hardware, Toast Go® 3, has launched in both cellular and Wi-Fi-only models. Toast Go® 3 is available to all new customers and as a hardware upgrade for the existing Toast community across the UK, Canada, Ireland, and Australia. To learn more, visit: https://pos.toasttab.com/uk/products/handheld-pos


About Toast


Toast [NYSE: TOST] is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a single platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they need to run their business across point of sale, operations, digital ordering and delivery, marketing and loyalty, and team management. By serving as the restaurant operating system across dine-in, takeout, and delivery channels, Toast helps restaurants streamline operations, increase revenue, and deliver amazing guest experiences. For more information, visit www.toasttab.com.


Forward-Looking Statements


This press release contains “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statement and generally arise when Toast or its management is discussing its beliefs, estimates or expectations. Such statements generally include the words “believes,” “plans,” “intends,” “may,” “will,” “expects,” “anticipates,” “outlook,” “continues,” or similar expressions. These statements are not historical facts or guarantees of future performance, but represent the beliefs of Toast and its management at the time the statements were made regarding future events which are subject to certain risks, uncertainties and other factors, many of which are outside Toast’s control. Actual results and outcomes may differ materially from what is expressed or forecast in such forward-looking statements. Forward-looking statements include, without limitation, statements regarding Toast’s business plans and strategy, and statements regarding the international launch of Toast Go® 3, including its intended functionalities, the anticipated benefits of its implementation on restaurant operations, revenue growth, and guest experiences, as well as the benefits on Toast’s business and operations.


The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Toast’s filings with the Securities and Exchange Commission (“SEC”), including in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”' in Toast’s Annual Report on Form 10-K for the year ended December 31, 2025 and Toast’s subsequent SEC filings. Toast can give no assurance that the plans, intentions, expectations or strategies as reflected in or suggested by those forward-looking statements will be attained or achieved. The forward-looking statements in this release are based on information available to Toast as of the date hereof, and Toast disclaims any obligation to update any forward-looking statements, except as required by law. These forward-looking statements should not be relied upon as representing Toast’s views as of any date subsequent to the date of this press release.


TOST-CORP



 
 


1 Results self reported by Customer who received free hardware as part of beta program. Individual results will vary.


2 Results self reported by Customer who received free hardware as part of beta program. Individual results will vary.


 

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Original: Toast Launches Toast Go® 3 Handheld Point-of-Sale Device Globally

From Insider Monkey Story by Muhammad Ali Khalid

Toast Inc. (NYSE:TOST) is one of the 15 large cap stocks under $30 with huge upside potential.

On February 16, Bernstein analyst Harshita Rawat upgraded Toast Inc. (NYSE:TOST) from a Market Perform rating to Outperform. The analyst maintained his $39 target price for the stock, which yields more than 41% upside potential for investors.

Rawat highlighted that the stock has declined sharply over the past year due to broader software de-rating and competition concerns, but Bernstein believes Toast remains one of the highest quality names in payments, citing its strong competitive moat and positioning it as a potential AI winner.

Earlier on February 17, Mizuho maintained an Outperform rating on Toast Inc. (NYSE:TOST). The firm reduced its price target for the stock from $57 to $45, which still results in a potential upside of more than 63% despite the downward revision.

The move follows the company’s fourth quarter announcement, with the firm citing lower valuation multiples across the payments sector. Despite the target cut, Mizuho viewed the quarter as solid overall.

Toast Inc. (NYSE:TOST) operates within the restaurant industry, providing SaaS through its cloud-based digital platform. It covers various functions of a restaurant such as vendor management, online orders, kitchen display system, payroll management, supply chain, and more.

While we acknowledge the risk and potential of TOST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TOST and that has 10,000% upside potential, check out our report about this cheapest AI stock.

Toast Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2026March 24, 2026 12:01 PM
Business Wire
Toast (NYSE: TOST), the digital technology platform built for hospitality, is proud to have been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2026. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. Alongside the World’s 50 Most Innovative Companies, Fast Company recognizes 720 honorees across 59 sectors and regions.


“Innovation at Toast has always been focused on making the lives of our customers easier. Being named one of Fast Company’s Most Innovative Companies validates our focus on building technology that helps simplify the complexities of running a restaurant,” said Aman Narang, CEO of Toast. “By turning billions of data points with the launch of Toast IQ into conversational, actionable insights, we are giving restaurateurs the tools they need to help streamline their operations and focus on what they do best—serving their guests and their communities.”


Over the past year, Toast has expanded its suite of restaurant tools through the launch and expansion of Toast IQ, a conversational AI assistant purpose-built for the hospitality industry. Toast IQ acts as an "intelligent right hand" for operators, moving beyond simple data reporting to provide proactive, actionable insights. Whether identifying top-performing menu items, flagging labor cost variances, or anticipating local market trends that could impact staffing, Toast IQ empowers restaurateurs to make smarter decisions at the speed of conversation.


Beyond surfacing insights with Toast IQ, Toast’s latest innovations focus on "human-boosting" technology and products that automate complex workflows. Operators can now execute critical tasks—such as 86ing menu items across all channels, adjusting employee shift clock-outs, or launching AI-driven marketing campaigns— with simple commands. This seamless integration of AI into daily workflows has seen rapid adoption, with over half of Toast’s locations collectively utilizing these intelligent tools within months of launch.


The World’s Most Innovative Companies is Fast Company’s hallmark franchise and one of its most anticipated editorial efforts of the year. To determine honorees, Fast Company’s editors and writers review companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world.


“Our list of the Most Innovative Companies is about spotlighting organizations that don’t just adapt to change—they drive it,” said Brendan Vaughan, editor-in-chief of Fast Company. “The companies we honor this year are redefining what leadership looks like in 2026, pairing bold ideas with measurable impact and turning breakthrough innovation into real-world value. They are setting the pace for their industries and offering a blueprint for what sustained innovation can achieve.”


The full list of Fast Company’s Most Innovative Companies honorees can now be found at fastcompany.com. It will also be available on newsstands beginning March 31, 2026.


About Toast


Toast [NYSE: TOST] is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a single platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they need to run their business across point of sale, operations, digital ordering and delivery, marketing and loyalty, and team management. By serving as the restaurant operating system across dine-in, takeout, and delivery channels, Toast helps restaurants streamline operations, increase revenue, and deliver amazing guest experiences. For more information, visit www.toasttab.com.


About Fast Company


Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with fellow business publication Inc. For more information, please visit fastcompany.com.


TOST-CORP

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Investors: IR@toasttab.com


Original: Toast Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2026

Teriyaki Madness Taps Toast to Fuel Next Growth PhaseMarch 9, 2026 4:30 PM
Business Wire
Technology platform to power 200+ locations nationwide for quickly scaling, fast casual Seattle-style teriyaki concept


Toast (NYSE: TOST), the digital technology platform built for hospitality, today announced that Teriyaki Madness (TMAD), the fast-growing Seattle-style fast casual teriyaki franchise, will implement Toast’s enterprise technology suite across its expanding footprint of over 200 locations nationwide.


Teriyaki Madness is known for its crazy-delicious, cooked-to-order teriyaki bowls and commitment to satisfying guests through premium marinated proteins, fresh vegetables, and bold signature sauces, including several gluten-free options. The menu emphasizes high-quality ingredients and customizable combinations that deliver unbeatable flavor in every bowl. As the brand eyes further expansion, TMAD sought a long-term partner capable of supporting both corporate scaling and the individual success of its franchisees. To keep up with growing demand, TMAD will implement the Toast platform along with Toast Flex hardware Toast Kitchen Display Systems (KDS), while leveraging Toast’s partner ecosystem to connect their full tech stack seamlessly.


“The Teriyaki Madness team is as dedicated to growth, quality, and efficiency as we are at Toast, and we’ve built our platform to handle the busiest of bowl-driven and quick-service concepts,” said Kelly Esten, Chief Operating Officer of Enterprise and Chief Marketing Officer at Toast. “We’re thrilled to give them the tech and support they need to keep bringing their awesome food and energy to new neighborhoods.”


“We’re passionately moving forward with bringing the best teriyaki bowls on earth to more neighborhoods across the country at a rapid pace,” said Erin Hicks, President at Teriyaki Madness. “To pull that off, we need a partner that can keep up with the Madness. Toast gives our franchisees the tools to run faster, smarter restaurants while we keep doing what we do best. Toast is more than a technology partner—it’s the engine for our next phase of growth.”


Toast currently serves hundreds of multi-unit brands, including Caribou Coffee, Choice Hotels, Potbelly Sandwich Shop, Craveworthy Brands, Perkins American Food Co., Nothing Bundt Cakes, Papa Gino's & D'Angelo, and Costa Vida Fresh Mexican Grill, among others. For more information about Toast and its enterprise capabilities, visit our Toast for Enterprise page.


Forward-Looking Statements

This press release contains “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statement and generally arise when Toast or its management is discussing its beliefs, estimates or expectations. Such statements generally include the words “believes,” “plans,” “intends,” “may,” “will,” “expects,” “anticipates,” “outlook,” “continues,” or similar expressions. These statements are not historical facts or guarantees of future performance, but represent the beliefs of Toast and its management at the time the statements were made regarding future events which are subject to certain risks, uncertainties and other factors, many of which are outside Toast’s control. Actual results and outcomes may differ materially from what is expressed or forecast in such forward-looking statements. Forward-looking statements include, without limitation, statements regarding Toast’s business arrangement with TMAD the planned and future implementation of the Toast platform at TMAD locations.


The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Toast’s filings with the Securities and Exchange Commission (“SEC”), including in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations'' in Toast’s Annual Report on Form 10-K for the year ended December 31, 2025, and Toast’s subsequent SEC filings. Toast can give no assurance that the plans, intentions, expectations or strategies as reflected in or suggested by those forward-looking statements will be attained or achieved. The forward-looking statements in this release are based on information available to Toast as of the date hereof, and Toast disclaims any obligation to update any forward-looking statements, except as required by law. These forward-looking statements should not be relied upon as representing Toast’s views as of any date subsequent to the date of this press release.


About Toast


Toast [NYSE: TOST] is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a single platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they need to run their business across point of sale, operations, digital ordering and delivery, marketing and loyalty, and team management. By serving as the restaurant operating system across dine-in, takeout, and delivery channels, Toast helps restaurants streamline operations, increase revenue, and deliver amazing guest experiences. For more information, visit www.toasttab.com.


About Teriyaki Madness


Teriyaki Madness (TMAD for short) is a fast casual Seattle-style Japanese concept founded in 2003. Known for its crazy delicious teriyaki bowls, TMAD offers a customizable, protein-packed menu featuring marinated chicken, steak, salmon, tofu, and fresh veggies over rice or Yakisoba noodles, complemented by signature sauces and sides like eggrolls and edamame. This isn’t your “average teriyaki” — it’s huge bowls of bold, healthy (or not – we don’t judge), over the top awesomeness. Cravings encouraged, chopsticks optional, and fair warning: these bowls are highly addictive. With over 200 shops across 41 states, the brand is rapidly expanding nationwide. Teriyaki Madness is actively seeking dedicated franchise operators of all backgrounds to bring fresh, delicious teriyaki bowls to their neighborhoods. For more information on franchise opportunities, visit franchise.teriyakimadness.com. To explore the menu and learn more, visit teriyakimadness.com or follow Teriyaki Madness on Facebook, Instagram and LinkedIn.


TOST-CORP

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Original: Teriyaki Madness Taps Toast to Fuel Next Growth Phase

Toast Announces Participation at Morgan Stanley Technology, Media, and Telecom ConferenceFebruary 17, 2026 4:05 PM
Business Wire
Toast (NYSE: TOST), the all-in-one digital technology platform built for hospitality, today announced its management team will present at the Morgan Stanley Technology, Media, and Telecom Conference in San Francisco, CA on Tuesday, March 3, 2026 at 8:30am PST. A webcast of the company presentation will be available on Toast's Investor Relations website at https://investors.toasttab.com/overview/.


About Toast


Toast [NYSE: TOST] is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a comprehensive platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they need to run their business across point of sale, payments, operations, digital ordering and delivery, marketing and loyalty, and team management. We serve as the restaurant operating system, connecting front of house and back of house operations across service models including dine-in, takeout, delivery, catering, and retail. Toast helps restaurants streamline operations, increase revenue, and deliver amazing guest experiences. For more information, visit www.toasttab.com.


TOST-FIN

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Original: Toast Announces Participation at Morgan Stanley Technology, Media, and Telecom Conference

TOST 9/30: "Toast has a better P/E ratio of 95.21 than the aggregate P/E ratio of 70.57 of the Financial Services industry. Ideally, one might believe that Toast Inc. (TOST) might perform better in the future than it's industry group."

As soon as i get in - it's TOAST !
Only red I see...
GLTA

I got me some TOST today. 

TOST, 10 Q due 2/19

TOST, new 52=high

TOST, new 52 week high

TOST, 10Q 11/7

TOST, new 52 week high

earnings otw .. moves must be made

TOST

Cpps @ 18.73

Gap @ 16.15

I say you can enter around 4-6.00 range. Then it’s a long hold

Tonight we fly to the moon. I’m so ready. Need to book my flight. Toast is the best stock ever and I’m fully booked loaded and ready to travel. Ticket please. Boarding pass please. Take your seat you dummie dumb dum dummies how do you spell dummy ?

What ? Say what ? Talk English please. You are stupid. What are you trying to say ? Bunch of gibberish garbage trash talk you fool. Try to make some sense.

Let's secure that retirement bag, folks! $TOST is your restaurant savior, $BRZE is riding the CRM growth wave, and $NET is straight-up blowing up!

Oh no. We are toast.

Toast is the real deal, patience here is going to payoff, dont get caught up in the day to day fluctuations.

Nice buy

(Toast stock heats up after earnings as company hits a milestone)-

Toast Inc. beat revenue expectations for the latest quarter and logged positive free cash flow for the first time since its IPO. The company reported a second-quarter net loss of $98 million, or 19 cents per share, compared to a loss of $54 million in the year-prior period. Toast also recorded adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $15 million, compared to a loss of $33 million a year prior. The company posted free cash flow of $39 million, its first positive performance since Toast went public two years ago. CEO Chris Comparato expressed confidence in Toast's ability to penetrate the entire restaurant total addressable market. Revenue jumped to $978 million from $675 million, while the FactSet consensus was for $943 million. The stock was up 11% in Tuesday's extended session. For the third quarter, Toast estimates $1.01 billion to $1.04 billion in revenue, while the FactSet consensus was for $1.00 billion.

TOST is expected to experience a pump and dump pattern in six months. As a long-term holder, I don't care about the price, as it will be over $75 by then. The question is where it will support, with a potential $18 support.

Toast to remove 99-cent fee after widespread backlash.

Good, now I started a small position, will avg. down on next pump, lol

Josh's pump now in the toster getting toasted this morning.

Toast, a Big Tech vendor, has suddenly imposed new costs on millions of Americans, prompting a Senate inquiry.

Toast announces an agreement with Marriott for hotel restaurant technology.

An exciting agreement with Marriott International has been announced by Toast, a digital technology platform geared towards restaurants. With the help of this agreement, food and beverage establishments in Marriott's Select service hotels in the US and Canada will have access to the Toast for Hotel Restaurants technology.
This agreement is evidence of Toast's unwavering dedication to providing technology solutions tailored to the particular requirements of the hospitality sector. In order to improve customer experiences, streamline operations, and ultimately boost revenue, Toast for Hotel Restaurants technology was created.
With the help of this technology, hotel restaurants can control orders, payments, and menus from a single platform. They also have access to real-time analytics and reporting, which makes it simpler for them to manage their business.
It is anticipated that Toast and Marriott's agreement will benefit both parties. It will assist Toast in growing its clientele in the hospitality sector and improve the dining experience for Marriott's visitors. Overall, this collaboration represents a significant advancement for both businesses.

Toast is moving toward profitability, with nearly 40% revenue growth projected for fiscal 2023, followed by sales growth in the high 20s in fiscal 2024. The company is also expanding into other countries, like the U.K. and Canada. It certainly has the balance sheet to get to the point of producing positive cash flow, with nearly $1 billion of cash and marketable securities on its balance sheet and no debt. The valuation is under three times annual revenues before taking net cash into consideration.

Toast potential is endless as there continues to be a growing demand for digital products and services in the restaurant industry. With cutting-edge tools that help restaurants streamline their operations, capitalize on valuable insights, and boost sales through enhanced customer experiences, Toast is undoubtedly a solid investment for future gains.

Shares of TOST opened at $17.97 on Friday, with a 50-day moving average of $18.97 and a 200-day moving average of $19.06. This implied stock price indicates that investors have some degree of confidence in the value proposition presented by the company, even though it has faced some setbacks in recent times.

I think that the real opportunity for Toast seems to be in subscription services. With a gross margin of 65%, it certainly could be more lucrative. And this is the part of the business that's growing the fastest. Revenue for the subscription services business segment jumped 92% year over year in 2022.

Toast is quickly gaining widespread adoption in the restaurant space, outpacing the growth of important competitors, including Olo. That indeed bodes well for the company's growth potential. Of its various revenue streams, the most profitable ones are growing the fastest.

Toast Inc. shares were building on their massive Thursday rally in the aftermarket as the maker of payment software and technology for the restaurant industry gave an upbeat forecast for the current quarter.
The company posted a third-quarter net loss of $98 million, or 19 cents a share, compared with a loss of $254 million, or $1.06 a share, in the year-earlier quarter.

TOST announced that it will release financial results for the third quarter ended September 30, 2022 following the close of the U.S. markets on Thursday, November 10, 2022.The news release with financial results and a link to the conference call will be accessible at the Toast investor relations website https://investors.toasttab.com.

(TOST) Stock to Rise After It Is Up 25.56% in a Month

Wall Street is positive on Toast Inc (TOST). On average, analysts give TOST a Buy rating. The average price target is $29.166, which means analysts expect the stock to climb by 33.73% over the next twelve months. That average ranking earns TOST an Analyst Rating of 32, which is better than 32% of stocks. Toast Inc (TOST) stock is trading at $21.81 as of 3:24 PM on Tuesday, Oct 25, a rise of $1.19, or 5.77% from the previous closing price of $20.62. The stock has traded between $20.87 and $21.94 so far today. Volume today is below average. So far 3,200,923 shares have traded compared to average volume of 5,319,744 shares.

(TOST) Stock to Rise After It Is Up 25.56% in a Month

Wall Street is positive on Toast Inc (TOST). On average, analysts give TOST a Buy rating. The average price target is $29.166, which means analysts expect the stock to climb by 33.73% over the next twelve months. That average ranking earns TOST an Analyst Rating of 32, which is better than 32% of stocks. Toast Inc (TOST) stock is trading at $21.81 as of 3:24 PM on Tuesday, Oct 25, a rise of $1.19, or 5.77% from the previous closing price of $20.62. The stock has traded between $20.87 and $21.94 so far today. Volume today is below average. So far 3,200,923 shares have traded compared to average volume of 5,319,744 shares.

Toast Launches Invoicing to Help Restaurants Grow Their Catering and Events Business

Toast Invoicing integrates directly with a restaurant’s menu in Toast, so they can simply itemize invoices from their existing menu. It also allows restaurants to accept tips with an invoice and digitally distribute them to staff using Toast Payroll & Team Management. Toast customers have the ability to send an invoice from any device, not just their point of sale system. They can set payment due dates and reminders as well as collect and redeem deposits. Through Toast Invoicing, a restaurant’s customer has the flexibility to pay online at any time.

Toast Could Be Profitable by 2023, Says Analyst. The Stock Is Upgraded to Buy. Toast could reach profitability in 2023, a year ahead of what Wall Street expects, according to an analyst from Mizuho Securities.

If people haven't figured it out yet, check out the recent financials. One of the main income producing revenue items is it's financial services. These are short term loans provided to their customers in which they charge a set fee, while tapping 13.2% off their daily credit card receipts processed nightly until the loan is paid off plus interest. Don't get me wrong, this is a great service for seasonal businesses facing the same fixed costs, less income and higher variable costs especially given inflation, and supply shortages. But, it is no different than a check cashing/loan service with a more secured clientele base.

It's genius!

TOST chart

$TOST: Getting Analyst UPGRADES all over the place today


Now at $56






Lost count of how many already


GO $TOST



***********************************************************



Toast initiated with a Neutral at JPMorgan
$TOST



Toast initiated with an Outperform at William Blair
$TOST

Toast initiated with an Outperform at William Blair
$TOST



Toast initiated with a Neutral at JPMorgan
$TOST
Tip



Toast initiated with an Overweight at Piper Sandler
$TOST


Toast initiated with an Overweight at Piper Sandler
$TOST



Needham initiated coverage on Toast with a new price target

I got in on the IPO offering at $40. Been using Toast for over 7 years.

I got in on the IPO offering at $40. Been using Toast for over 7 years.

Very good synopsis!

TOST

$TOST: $685Milly IPO today


https://twitter.com/SeekingAlpha/status/1438206467811602432?s=20



GO $TOST



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IPO Update: Toast Proposes Terms For $685 Million IPO
Sep. 15, 2021 2:21 PM ETToast, Inc. (TOST)2 Likes
Summary
Toast has filed to raise $685 million in an IPO of its Class A common stock.
The firm provides an integrated software solution to restaurants.
TOST has grown sharply during the pandemic and the IPO appears reasonably valued, so is worth a close look.
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customer contactless payment for drink with mobile phon at cafe counter bar,seller coffee shop accept payment by mobile.new normal lifestyle concept
Weedezign/iStock via Getty Images
Quick Take
Toast (TOST) has filed to raise $685 million from the sale of its Class A common stock in an IPO, according to an amended registration statement.

The company offers restaurant payment and management software in the United States and other countries.

TOST’s IPO valuation expectations appear reasonable given its strong top line revenue growth rate, so the IPO is worth consideration.

Company & Technology
Boston, Massachusetts-based Toast was founded to develop a SaaS platform to process payments for restaurants via a mobile app, hardware system, and third-party providers.

Management is headed by Chief Executive Officer Christopher P. Comparato, who has been with the firm since February 2015 and was previously head of Customer Success at Acquia and Endeca Technologies.

Below is a brief overview video of how the system works:


(Source)

The company’s primary offerings include:

Point of sale

Restaurant operations

Digital ordering & delivery

Marketing & loyalty

Team management

Toast has received at least $849 million in equity investment from investors including Bessemer Venture Partners, T. Rowe Price Funds, TCV (Technology Crossover Ventures), Technology Investment Dining Group, and Tiger Global.

Customer/User Acquisition
The firm pursues relationships with medium and large restaurant operators through its direct sales force.

The company has four primary revenue streams:

Subscription services

Financial technology solutions

Hardware

Professional services

Sales and Marketing expenses as a percentage of total revenue have dropped materially as revenues have increased, as the figures below indicate:

Sales and Marketing

Expenses vs. Revenue

Period

Percentage

Six Mos. Ended June 30, 2021

10.5%

2020

16.9%

2019

19.4%

(Source)

The Sales and Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Sales and Marketing spend, rose sharply in the most recent reporting period, as shown in the table below:

Sales and Marketing

Efficiency Rate

Period

Multiple

Six Mos. Ended June 30, 2021

4.9

2020

1.1

(Source)

The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.

TOST’s most recent calculation was 97% for the six months ended June 30, 2021, so the firm has performed extremely well in this regard, per the table below:

Rule of 40

Calculation

Recent Rev. Growth %

105%

EBITDA %

-8%

Total

97%

(Source)

The firm’s dollar-based net revenue retention rate for the year ended June 30, 2021 was 110%, a solid result.

The dollar-based net revenue retention rate metric measures how much additional revenue is generated over time from each cohort of customers, so that a figure over 100% means that the company is generating more revenue from the same customer cohort over time, indicating good product/market fit and efficient sales and marketing efforts.

Market & Competition
According to a 2018 market research report by Grand View Research, the global restaurant management software market is forecast to reach nearly $7 billion by 2025.

This represents a forecast CAGR of 14.6% from 2019 to 2025.

The main drivers for this expected growth are a growing awareness by restaurant operators of the benefits of increased efficiencies from software systems.

Also, the COVID-19 pandemic will bring forward significant demand for integrated restaurant management systems in order to streamline processes while providing restaurant services in a more omnichannel approach to customers.

Major competitive or other industry participants include:

Square (NYSE:SQ)

TouchBistro

Clover Network

Lightspeed POS (NASDAQ:LSPD)

Oracle/MICROS (NYSE:ORCL)

NCR (NYSE:NCR)

PAR Technology (NYSE:PAR)

Heartland Payment Systems

Shift4 Payments (NYSE:FOUR)

Fiserv (NASDAQ:FISV)

FreedomPay

Olo (NYSE:OLO)

Others

Financial Performance
Toast’s recent financial results can be summarized as follows:

Sharply higher top line revenue growth

Increasing gross profit and gross margin

Fluctuating and high operating losses

Dropping negative operating margin

A swing to positive cash flow from operations

Below are relevant financial results derived from the firm’s registration statement:

Total Revenue

Period

Total Revenue

% Variance vs. Prior

Six Mos. Ended June 30, 2021

$ 703,748,000

104.7%

2020

$ 823,134,000

23.8%

2019

$ 665,029,000

Gross Profit (Loss)

Period

Gross Profit (Loss)

% Variance vs. Prior

Six Mos. Ended June 30, 2021

$ 154,774,000

244.0%

2020

$ 140,413,000

125.2%

2019

$ 62,349,000

Gross Margin

Period

Gross Margin

Six Mos. Ended June 30, 2021

21.99%

2020

17.06%

2019

9.38%

Operating Profit (Loss)

Period

Operating Profit (Loss)

Operating Margin

Six Mos. Ended June 30, 2021

$ (56,824,000)

-8.1%

2020

$ (220,147,000)

-26.7%

2019

$ (213,367,000)

-32.1%

Net Income (Loss)

Period

Net Income (Loss)

Six Mos. Ended June 30, 2021

$ (234,650,000)

2020

$ (249,015,000)

2019

$ (209,448,000)

Cash Flow From Operations

Period

Cash Flow From Operations

Six Mos. Ended June 30, 2021

$ 51,218,000

2020

$ (124,633,000)

2019

$ (126,483,000)

(Glossary Of Terms)

(Source)

As of June 30, 2021, Toast had $376.1 million in cash and $462.4 million in total liabilities.

Free cash flow during the twelve months ended June 30, 2021, was $7.0 million.

IPO Details
TOST intends to sell 21.7 million shares of Class A common stock at a proposed midpoint price of $31.50 per share for gross proceeds of approximately $685 million, not including the sale of customary underwriter options.

No existing shareholders have indicated an interest to purchase shares at the IPO price.

Class A common stockholders will receive one vote per share and Class B stockholders will receive ten votes per share.

The S&P 500 Index no longer admits firms with multiple classes of stock into its index.

Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $14.7 billion.

Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 4.35%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.

Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:

As of the date of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds to us from this offering. However, we currently intend to use the net proceeds we receive from this offering for general corporate purposes, including working capital, operating expenses, and capital expenditures. Additionally, we may use a portion of the net proceeds to acquire or invest in businesses, products, services, or technologies. However, we do not have agreements or commitments for any material acquisitions or investments at this time.

(Source)

Management’s presentation of the company roadshow is available here.

Regarding outstanding legal proceedings, management said it is not a party to any legal proceeding that would have a material effect on its operations or financial condition.

Listed bookrunners of the IPO are Goldman Sachs, Morgan Stanley, J.P. Morgan, and other investment banks.

Valuation Metrics
Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:

Measure [TTM]

Amount

Market Capitalization at IPO

$15,728,979,452

Enterprise Value

$14,708,887,452

Price / Sales

13.30

EV / Revenue

12.43

EV / EBITDA

-96.52

Earnings Per Share

-$0.71

Float To Outstanding Shares Ratio

4.35%

Proposed IPO Midpoint Price per Share

$31.50

Net Free Cash Flow

$7,001,000

Free Cash Flow Yield Per Share

0.04%

Revenue Growth Rate

104.67%

(Glossary Of Terms)

(Source)

As a reference, a potential public comparable would be Olo (OLO); shown below is a comparison of their primary valuation metrics:

Metric

Olo (OLO)

Toast (TOST)

Variance

Price / Sales

10.21

13.30

30.2%

EV / Revenue

34.06

12.43

-63.5%

EV / EBITDA

-197.26

-96.52

-51.1%

Earnings Per Share

-$0.73

-$0.71

-2.1%

Revenue Growth Rate

94.2%

104.67%

11.16%

(Glossary Of Terms)

(S-1/A and Seeking Alpha)

Commentary
TOST is going public to provide a public market for its stock and for its future unspecified corporate expansion initiatives.

TOST’s financials show significantly higher top line revenue growth, growing gross profit and gross margin, high and variable operating losses, lowered negative operating margin but a swing to positive cash flow from operations.

Free cash flow for the twelve months ended June 30, 2021 was only $7.0 million.

Sales and Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Sales and Marketing efficiency rate rose sharply to 4.9x in the most recent six-month reporting period.

The firm’s Rule of 40 performance has been impressive, at 97%, and its current dollar-based net retention rate was 110%, a solid result.

The market opportunity for providing restaurant software is large and expected to grow substantially in the coming years as the restaurant industry modernizes in the wake of the COVID-19 pandemic’s negative effects on its in-store dining business.

Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 37.3% since their IPO. This is a mid-tier performance for all major underwriters during the period.

The primary risk to the company’s outlook is consumer behavior shifting back toward in-restaurant dining from online ordering and delivery, reducing activity for these behaviors as the effects of the pandemic wane.

As for valuation, compared to competitor Olo, TOST’s IPO valuation expectations appear reasonable given its higher top line revenue growth rate, so the IPO is worth consideration.

Expected IPO Pricing Date: September 21, 2021.


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This article was written by

Donovan Jones profile picture.
Donovan Jones
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I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on all U.S. IPOs. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. Start with a 14-day Free Trial.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Investing in IPOs is an inherently volatile and opaque endeavor. My research is focused on identifying quality IPO companies at a reasonable price, but I’m wrong sometimes. I analyze fundamental company performance and my conclusions may not be relevant for first-day or early IPO trading activity, which can be highly volatile and unrelated to company fundamentals. This report is intended for educational purposes only and is not financial, legal or investment advice.

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