Toast, Inc.

General Information

Our mission is to empower the restaurant community to delight their guests, do what they love, and thrive.

Toast is a cloud-based end-to-end technology platform built for the entire restaurant community. Our platform provides a comprehensive suite of software as a service, or SaaS, products, financial technology solutions, including integrated payment processing, restaurant-grade hardware and a broad ecosystem of third-party partners. We serve as the restaurant operating system, connecting front of house and back of house operations across dine-in, takeout and delivery channels. As of June 30, 2021, approximately 48,000 restaurant locations across approximately 29,000 customers, processing over $38 billion of gross payment volume in the trailing 12 months, partnered with Toast to optimize operations, increase sales, engage guests and maintain happy employees.

(Note: Toast priced its IPO on Sept. 21, 2021, at $40 – $4 above the top of its $34-to-$36 range – on 21.7 million shares. The IPO’s price range initially was $30 to $33 on the same number of shares.)


Employees: 2200
Founded: 2011
Contact Information
Address 401 Park Drive, Suite 801 Boston, MA 02215
Phone Number (617) 297-1005
Web Address
View Prospectus: Toast, Inc.
Financial Information
Market Cap $17476.6mil
Revenues $1183.13 mil (last 12 months)
Net Income $-358.31 mil (last 12 months)
IPO Profile
Symbol TOST
Exchange NYSE
Shares (millions): 21.7
Price range $40.00 - $40.00
Est. $ Volume $869.6 mil
Manager / Joint Managers Goldman Sachs/ Morgan Stanley/ J.P. Morgan/ KeyBanc Capital Markets/ William Blair/ Piper Sandler
CO-Managers Canaccord Genuity/ Needham & Co./ R. Seelaus & Co.
Expected To Trade: 9/22/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change