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Added to YB: 2025-08-12

Pitch date: 2025-08-10

TOST [neutral]

Toast, Inc.

-19.47%

current return

Author Info

The Reservist is building a long-duration high growth portfolio of companies, looking to outperform the QQQ for the next 7 years. In depth stock analysis and portfolio management thoughts. Sign up for the newsletter.

Company Info

Toast, Inc. operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, India, and internationally.

Market Cap

$21.1B

Pitch Price

$43.20

Price Target

N/A

Dividend

N/A

EV/EBITDA

59.66

P/E

84.24

EV/Sales

3.29

Sector

Financial Services

Category

growth

Show full summary:
Toast Q2 2025

TOST (earnings update): Q2 strong with ARR +31%, adj EBITDA +35% YoY to $161M (35% margin); raised FY guide to $575M EBITDA (+12% from start of year). 148k locations (+23.3%), 93bps take rate (+9.5%). Bulls note 2-3x faster growth vs peers & TAM expansion (retail, Australia, enterprise). Shares dropped on forecasted Q3/Q4 sequential EBITDA decline from growth investments.

Read full article (5 min)