The strong beat and raised guidance reinforce Toast's growth trajectory; watch for continued location additions and ARR acceleration. Consider adding long exposure ahead of Q2 2026 results.
Price Chart
Executive Summary
Toast reported Q1 2026 results with diluted EPS of $0.20, 25% above the $0.16 consensus, and revenue of $1.63B in line with estimates. The company raised its full-year 2026 guidance (Non-GAAP subscription/Finserv gross profit growth to 21%-23% from 20%-22%, Adjusted EBITDA to $790M-$810M from $775M-$795M), reflecting accelerating momentum from 26% ARR growth and 22% location growth.
Key Financial Metrics
Key Facts
- GAAP diluted EPS $0.20 vs consensus $0.16 (+25% beat)
- Total revenue $1.63B in line with consensus, up 22% YoY
- ARR grew 26% YoY to $2.2B as of March 31, 2026
- Full-year 2026 guidance raised: subscription/Finserv gross profit growth to 21%-23% (from 20%-22%), Adjusted EBITDA to $790M-$810M
- Operating cash flow $132M, free cash flow $115M in Q1 2026
Financial Impact
EPS beat of $0.04 vs consensus, 25% positive surprise; guidance raised by ~2% for full-year Adjusted EBITDA midpoint
Risk Factors
- Macroeconomic slowdown impacting restaurant/hospitality spending
- Increased competition from legacy POS providers or new entrants
- Execution risk on enterprise market expansion (drive-thru, retail)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001650164-26-000113 |
| Document: tost-20260507.htm | 0001650164-26-000113 |
| Document: 0001650164-26-000113-index-headers.html | 0001650164-26-000113 |
| Document: 0001650164-26-000113-index.html | 0001650164-26-000113 |
| Document: 0001650164-26-000113.txt | 0001650164-26-000113 |
| 8-K Data (Synthetic) | 0001650164-26-000113 |
Track record builds as more directional reports settle.
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Aug 13, 2026 7w ago | Insider Cluster | $34.75 $33.29 | ▼ −4.20% | ▼ −2.21% | $29.78 (−14.29%) |
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Aug 7, 2026 8w ago | Insider Cluster | $34.48 $33.95 | ▼ −1.54% | ▼ −1.14% | $29.78 (−13.62%) |
Aug 5, 2026 8w ago | Insider Cluster | $34.80 $34.04 | ▼ −2.18% | ▼ −1.58% | $29.78 (−14.41%) |
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May 29, 2026 17w ago | 144 | $27.74 $27.82 | ▲ +0.29% | ▲ +1.59% | $29.78 (+7.37%) |
May 7, 2026 21w ago | 8-K | $25.05 $24.64 | ▼ −1.64% | ▼ −1.66% | $29.78 (+18.90%) |
Apr 2, 2026 26w ago | Insider Cluster | $26.47 $28.52 | ▼ −7.74% | ▲ +2.13% | $29.78 (−12.52%) |
Feb 28, 2026 30w ago | Institutional Cluster | $27.57 $26.06 | ▼ −5.48% | ▲ +2.46% | $29.78 (+8.03%) |
US Market Status
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