Toast Reaches $6.5B ARR with 22% Growth, AI‑First Leap
Toast now runs a $6.5 billion ARR, growing 22% YoY while adding 7,000 restaurant locations each quarter and turning GAAP profitable. Its software margins topped 80% and AI tools are in 40,000 sites, pushing its payment take‑rate past 1%. The metrics prove a vertical SaaS model can scale profitably while seeding AI‑first growth.