Added to YB: 2026-05-15
Pitch date: 2026-05-13
TOST [neutral]
Toast, Inc.
Author Info
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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
$12.9B
Pitch Price
N/A
Price Target
90.00 (+287%)
Dividend
N/A
EV/EBITDA
26.65
P/E
33.54
EV/Sales
1.74
Sector
Financial Services
Category
growth
Toast 1Q26 Earnings: The Register, the Moat, and the Manager
TOST (earnings): Q1 ARR +26% to $2.2B, GPV +22% to $51.3B, adj EBITDA $179M, FCF $115M; raised FY guidance to $790-810M EBITDA but Q2 guide disappointed. Toast IQ at 40k locations, IQ Grow pilot saw 8% sales lift. Total monetization hit 103bps of GPV (+5bps YOY). Bear case: DoorDash POS threat in QSR, GPV/location -1% YOY, hardware losses -13% of recurring GP. Bull needs proof AI drives paid attach, not just usage. Trading ~$24, scenarios: $20-28 (aggregator win), $42-55 (quiet compounder base), $75-90 (platform re-rate if monetization reaches 130-150bps).
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