5 Interesting Learnings from Toast at $6.5 Billion Run-Rate: 22%+ Growth, Profitable, No Deceleration. But AI Is Just Getting Started

Toast processed $51.3 billion in gross payment volume while adding roughly 7,000 net new locations to reach approximately 171,000 live sites globally. The company crossed durable GAAP profitability with net income doubling to $126 million and free cash flow hitting $115 million during the quarter ended March 31, 2026.