Toast Inc.
Toast Reports Strong Q1 2026 Financial Results and Raises Full-Year Guidance
Summary
Toast, Inc. reported strong financial results for the first quarter of 2026, with annualized recurring run-rate (ARR) growing 26% to $2.2 billion, net income at $126 million, and Adjusted EBITDA at $179 million. The company also raised its full-year guidance for non-GAAP subscription services and financial technology solutions gross profit to a range of $2,290 million to $2,320 million, and Adjusted EBITDA to a range of $790 million to $810 million. Toast added approximately 7,000 net new locations in the first quarter and repurchased 14 million shares for $378 million year-to-date through May 6, 2026.
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About Toast Inc.
Toast Inc. operates as a cloud-based software company providing management solutions specifically tailored for the restaurant industry. The company's primary function is to streamline restaurant operations through its all-in-one platform, which integrates a broad range of functionalities including point of sale (POS) systems, payment processing, inventory management, and employee performance tracking. This comprehensive platform is central to Toast's value proposition, allowing restaurant owners to enhance service efficiency, improve customer experience, and optimize operational workflows. Toast Inc. significantly impacts sectors such as hospitality and food services by catering to establishments of various types and sizes, from single-location diners to multi-location chains. The platform not only supports day-to-day operations but also offers analytics and reporting tools, empowering restaurant leaders with insightful data to drive business decisions. In the financial market, Toast Inc. represents a critical player in the restaurant industry’s digital transformation, underscoring the growing demand for tech-enabled business solutions in food service. Headquartered in Boston, Massachusetts, it underscores the convergence of technology and hospitality, illustrating the modern evolution of industry-specific IT solutions.
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