Recent Updates — TOST

Toast, Inc. announced that Chief Revenue Officer Jonathan Vassil notified the company of his decision to step down effective December 31, 2026, due to planned retirement rather than any disagreement with management. Following his departure from executive leadership, Mr. Vassil will remain employed as a non-executive employee through April 2, 2027. Toast operates in the technology industry, providing cloud-based software and hardware solutions for restaurants.

Toast, Inc. reported financial results for the second quarter ended June 30, 2026. The company posted net income of $154 million and Adjusted EBITDA of $221 million. Annualized recurring run-rate (ARR) grew 25% year-over-year to $2.4 billion, while Gross Payment Volume increased 22% to $60.7 billion. Diluted earnings per share reached $0.26 compared to $0.13 in the prior year period. The company added approximately 9,500 net new locations during the quarter. Additionally, Toast repurchased 19 million shares for $486 million year-to-date through June 30, 2026. The global technology platform built for restaurants and retail businesses provides software, payments, and financial technology solutions.