Toast reported its fourth-quarter and full-year 2025 earnings on February 12. The company achieved 33% growth in recurring gross profits for the full year. Toast added 30,000 net locations throughout 2025. Fourth-quarter revenue surpassed market expectations, though earnings per share missed estimates.
CEO Aman Narang outlined 2026 strategic priorities during a call on February 15. The company will launch a drive-thru product later this year to target large fast-food chains and the enterprise market. Toast is also accelerating the rollout of AI-driven tools, including Toast IQ, to enhance platform utility.
Toast stock jumped on February 13 following the results. The market reaction followed an adjusted EBITDA performance that nearly doubled consensus estimates. Investors favored the significant profitability beat over a conservative 2026 forecast.