TOST
Toast, Inc.

Toast, Inc.TOST

Technology · Software - Infrastructure
31.77USD
-1.12%
Oct 28, 2026
TOST overview ready
Restaurant-Focused Cloud Platform Integrating POS, Payments, and AI Tools
Toast is a direct, restaurant-focused platform provider that combines POS hardware and software, integrated payments, digital ordering, payroll and team tools, back-office capabilities, and AI-enabled operating and demand-generation tools.
Narrative is still early
Exposed to the Hospitality Operating Digitization narrative through Restaurant Operating Systems, Embedded Payments and Workflow Automation — pure play.
Advancing price action
Longer-term context reads early trend, with a near-term setup of daily reclaim.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Fundamentals under pressure
Ev / ebitda is weak.
Primary risk
Dependence on restaurant industry health and consumer spending.
Market Oct 27Filing Jun 30Price action Aug 9Research Aug 3

Conviction Level

CompanyFit8.0PriceAction8.6Valuation3.6CompanyPosition9.3BusinessQuality5.7

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
Restaurant & Retail Commerce Tech is tracked (too few stocks) — no leadership reading
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads early trend, with a near-term setup of daily reclaim.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$19.0B
Avg Volume (60D)
8.1M
60 sessions
Revenue Growth YoY
+24.1%
FY2025 vs FY2024
Gross Margin
+26.7%
Trailing twelve months
Operating Margin
+6.3%
Trailing twelve months
EV / EBITDA
37.7x
EV / Sales
2.6x
Market metrics as of Oct 27, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say fair; peers is the dissenting view.
Toast, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Toast is a direct, restaurant-focused platform provider that combines POS hardware and software, integrated payments, digital ordering, payroll and team tools, back-office capabilities, and AI-enabled operating and demand-generation tools.
Opportunity
Moderate opportunity
Restaurant operators are consolidating point of sale, payment acceptance, digital ordering, labor, inventory, back-office workflows and customer engagement into integrated cloud operating platforms to reduce complexity, protect margins and improve throughput.
Key risk
Dependence on restaurant industry health and consumer spending.

Economic classification

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Business & Markets

Technology · Software - Infrastructure
What they do

Toast, Inc. operates a cloud-based software platform that provides restaurant management and point-of-sale solutions across multiple countries, enabling restaurants to manage operations digitally.

How it earns

The company primarily generates revenue through subscription-based software-as-a-service offerings and related transactional services.

Products & services
Toast POS
Toast IQ conversational AI
Vendor management
Multi-location management
Kitchen display system
Online ordering and delivery
Payroll and team management
Inventory and supply chain tools
XtraCHEF back-office tools
Customers & end markets
Restaurants
Multi-location restaurant operators
Market position

Toast is a leader in providing integrated cloud-based restaurant management and point-of-sale software solutions.

Demand drivers
Medium cyclicality

Demand is influenced by the restaurant industry's sensitivity to economic cycles and consumer spending patterns.

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