Toast Raises 2026 Adjusted EBITDA Outlook Following Strong Q3 Growth
Toast (NYSE: TOST) has raised its full-year 2026 adjusted EBITDA guidance to a range of $840 million to $850 million. This upward revision follows a strong third quarter characterized by significant expansion in profitability and customer acquisition. The company reported that recurring gross profit streams grew by 27% year-over-year, while GAAP operating income margins expanded to 26%. Additionally, Toast added 8,500 net new locations during the quarter, signaling robust demand for its platform within the restaurant sector.
Tickers: $TOST
Topics: earnings report net new locations operating margin revenue growth