Toast added 9,500 new restaurant locations in the 2026 second quarter, a 22% increase over last year, bringing its total to 180,000. The digital restaurant platform's annualized recurring run rate grew 25% year over year in the quarter, following growth of 30% in Q3 2025 and 26% in both Q4 2025 and Q1 2026. Toast also turned net income positive last year, with profits increasing since then. CEO Aman Narang said the company's AI agents and 14 years of operational data let clients get more value from the platform, after clients previously outsourced tasks like payroll and marketing. Toast stock trades at 41 times trailing-12-month earnings and 19 times forward one-year earnings, and is down almost 9% this year despite the results.
Toast IncToast added a record 9,500 new restaurant locations in Q2 2026, a 22% increase, lifting total locations to 180,000 and recurring run rate 25%.
NVIDIA Corporation