Key Takeaways TOST stock gained 19% in 3 months, outperforming the S&P 500 and nearing its 52-week high of $45.56. Declining GPV per location and rising operating costs pose near-term profitability concerns for TOST. Stretched valuation and intensifying competition may limit TOST's upside despite recent market momentum.Toast, Inc. (TOST) shares have gained 19.2% in the past three months, outperforming the Internet Software market and the Zacks Computer & Technology sector’s growth of 12.5% and 9.7%, respe ...

Toast (TOST) FY 2025 Annual General Meeting June 13, 2025 11:30 AM ET Speaker0 Good morning, everyone, and welcome to the twenty twenty five Annual Stockholders Meeting of Toast. I'm Mark Hawkins, the Chairman of the Board of Directors, and I will be acting as the Chairperson for today's meeting. It's a pleasure to welcome you here today. And similar to last year, we're hosting this annual meeting virtually to be inclusive and to reduce the burden of our stockholders for attending our annual meeting. We are ...

Toast (NYSE: TOST ) has caught my eye over the past few days as the stock saw significant upward momentum. No doubt, the good news about its Q1 2025 earnings report and profitability gave the stockNine to 5 by day. Hobbyist stock trader by night. I got an MBA and a CFA ... so that should count for something. I only care about my own greedy interests and I love feeding trolls. Not your financial advisor. Information for entertainment purposes only. Diamond hands are forever.Analyst’s Disclosure: I/we have no ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Back in February , I argued that Toast Inc. ( TOST ) was way more than just a point-of-sale [POS] company. I felt like the market was missing something obvious — that Toast wasn’t just a cash register on a tablet. It wasWith over 15 years of experience in the markets and a degree in economics, I focus on breaking down companies with clarity and discipline. My goal is to give individual investors a straightforward, honest view—what’s working, what isn’t, and where the risks and opportunities actually are. I ...

I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios.Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective is to invest capital in sustainable, growth-driven companies that maximize shareholder equity by meeting their growth-oriented goals. In addition, she also started her own award-winn ...

纪要涉及的公司 Toast (TOST) 纪要提到的核心观点和论据 1. **市场份额增长** - 过去两年公司在美国餐厅市场份额从10%增长到15%，未来三到五年增长来源包括：更多市场进入飞轮效应，目前超20%份额的市场有高于平均的生产力，是其他市场的发展预测指标；销售策略优化，今年AE生产力在门店数量方面同比上升；专注餐厅核心业务，研发团队持续创新，提升产品价值，如利用AI帮助餐厅，此前推出手持设备和云一体化解决方案；企业客户市场有较大增长机会，过去两三年开始发力，近期拿下Applebee's和Topgolf等客户，目前渗透率较低 [12][16][18][19][21] 2. **业务生产力** - 核心美国餐厅团队专注餐厅业务，拆分零售团队后效果积极，核心业务生产力高于去年，零售、国际和企业等新业务板块也超计划 [22][23] 3. **宏观环境影响** - 公司销售团队数据驱动，领导团队每周深入了解业务输入和输出指标，如同店销售、新开业情况、转化率、客户流失率、资本违约率等；历史数据显示，即使在经济困难时期，餐厅销售下滑幅度小于零售，公司有信心应对经济放缓，目前业务输入指标符合预期，虽部分指标同比有低个位数下降，但属于疫情后正常化 [24][25][26][27] 4. **盈利能力保障** - 领导团队对公司未来三到五、十年发展有清晰规划，资本分配与之对齐，采用 horizons 框架投资业务，分为核心餐厅SMB业务（horizon one）、国际业务、零售业务、企业业务（horizon two）、消费者业务、AI业务（horizon three）；若经济放缓，会审视投资项目，削减可自由支配支出，且在指导方针中已考虑应对措施，确保不影响长期增长和规模 [31][32] 5. **竞争态势** - 公司销售团队在定价方面有更多自主权，能综合考虑前期销售、营销、技术、硬件服务以及软件和支付的 recurring 费用等变量，优化定价策略，定价能力不断提升；市场竞争一直存在，但公司专注餐厅垂直领域，通过持续投资研发提升平台竞争力，以 win rate 为重要指标，目前 win rate 较两三年前有所提升 [35][36][39][40][41] 6. **企业业务发展** - 2019年计划开展企业业务，受疫情影响聚焦 SMB，约两三年前重新发力企业市场，重点建设门店以上管理能力，如菜单和配置管理、API 架构、安全和合规等，已取得一系列客户，证明产品团队执行能力；企业客户选择 Toast 部分原因是加盟商对 Toast 熟悉且认可，且公司能支持餐厅墙外的业务需求；目前 drive thru 能力有待完善，未来两三年可借助语音 AI 实现跨越式发展 [43][45][46][48][49] - 支付附加方面，团队会根据大项目的单位经济效益评估，如 Applebee's 项目在投资回收期、利润率和 ARPU 方面表现良好；不同业务板块单位经济效益不同，零售业务与美国 SMB 餐厅业务类似，企业业务交易价值高、投资回收期短，公司正探索通过创新（如语音 AI）、开发客户产品（如在线点餐、自助服务亭、CRM 解决方案）和提供企业支持服务提升 ARPU 和利润率 [53][55][56][57] 7. **AI 业务应用与 monetization** - Sous Chef 为餐厅经营者提供语言界面，可解决常见支持问题，如查询销售数据、员工生产力等，还可通过 MCP 实现更多复杂操作，如管理菜单、关闭在线点餐、实时生成营销活动等；ToastIQ 是平台的智能层，可在手持终端推荐菜品以提高客单价，未来可实现个性化推荐，提升员工和客户体验 [61][64][65][66][71][72] - AI 业务 monetization 基于为客户创造的价值，目前团队关注客户使用、采纳、激活情况和反馈，未来可能推出基础免费层和付费高级层 [73][74] 8. **消费者业务机会** - 消费者业务是 horizon three 重点，公司有数据优势，可助力餐厅吸引顾客到店，策略包括打造预订系统、排队名单（如 Toast tables），优化到店体验，实现离店自动结账，并收集客户反馈用于营销；目前面临的挑战是门店数量有限，公司会寻找 Toast 能独特做好的事情 [77][79][80][81][82] 9. **资本业务** - 公司资本业务注重平衡贷款规模和风险管理，与合作伙伴合作，通过 Toast 平台根据餐厅销售数据评估贷款资格，贷款通过支付流偿还，团队会跟踪领先指标，在经济放缓时采取相应措施，同时考虑在困难环境下为小企业主提供支持 [86][87][88][90] 10. **国际业务发展** - 国际市场有机会，包括西欧、北美部分地区、澳大利亚、新西兰、新加坡、迪拜等，但增长受限于领导能力和执行能力；公司会战略布局，平衡市场拓展速度和成功率，目标是长期开放更多市场 [91][92][93] 其他重要但是可能被忽略的内容 - 公司 CEO 推荐波士顿的餐厅，如哈佛广场附近的 Pammys、萨默维尔的 Sarma、海港的 Bar Mitzana，Bar Mitzana 是公司早期客户，其经营者为公司提供了很多产品创意 [7][8]

For the quarter ended March 2025, Toast (TOST) reported revenue of $1.34 billion, up 24.4% over the same period last year. EPS came in at $0.20, compared to -$0.15 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.34 billion, representing a surprise of -0.27%. The company delivered an EPS surprise of +5.26%, with the consensus EPS estimate being $0.19.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

Toast (TOST) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.26%. A quarter ago, it was expected that this restaurant software provider would post earnings of $0.06 per share when it actually produced earnings of $0.05, delivering a surprise of -16.67%.Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40819 Toast, Inc. (Exact name of registrant as specified in its charter) (Registrant's telephone number, including area code) Secu ...