Toast, Inc. Class A (TOST)

Toast, Inc. (TOST) stock has experienced fluctuations, decreasing by 37.1% from August 2025 to February 2026 and declining approximately 40% from its 2025 highs. The 52-week low of $24.35 occurred on February 24, 2026, and the share price declined by 21.44% from March 31, 2025, to March 30, 2026. However, strong third-quarter 2024 financial results led to a stock price increase of over 20%. In the fourth quarter of 2025, Toast missed EPS estimates but reported revenue largely in line with forecasts.

The demand for Toast, Inc.'s products is linked to the restaurant industry's seasonal changes, influenced by holidays, weather, and travel patterns. Toast's revenue is projected to edge slightly lower sequentially from the third to the fourth quarter, reflecting typical fourth-quarter seasonality. However, Toast's business model, with software subscriptions and payment processing fees, provides resilience against direct seasonal fluctuations, and its ARR and GPV have demonstrated consistent growth.

Toast, Inc. is a technology company in the software and IT services sector, focusing on hospitality technology and restaurant management software. It offers an integrated POS system, payment processing, SaaS products like Toast IQ, kitchen display systems, and restaurant-grade hardware. The platform serves various foodservice establishments.

Toast, Inc. primarily operates in the United States, its core market. It is headquartered in Boston, Massachusetts, and focuses on the North American market. Internationally, Toast has expanded into Ireland, the United Kingdom, India, and Taiwan, with plans for further global growth.

Toast, Inc. has received recognition for its innovation, being named to the Fortune World's Most Admired Companies 2026 list and Fast Company's World's Most Innovative Companies of 2026 list. A key driver has been the launch and expansion of Toast IQ, a conversational AI assistant.

Toast, Inc. has a diverse ownership structure, with institutional investors holding approximately 73.0% of outstanding shares as of December 2025. Major institutional shareholders include Capital International Investors, Vanguard Group Inc, Fmr Llc, and BlackRock, Inc. Individual investors and public companies also hold shares, with insiders owning between 1.01% and 8.42% of the stock. Technology Investment Dining Group LLC is the largest individual shareholder.