Key Highlights

  • On Friday, November 13, 2026, Toast traded 3.4% higher at USD 34.66 in market data, and no company announcement tied to the move turned up, although third-quarter results had come out ten days earlier.
  • Third-quarter Revenue reached USD 1.981 billion, up from USD 1.633 billion, GAAP Net Income rose to USD 169 million from USD 105 million, and diluted EPS went to USD 0.29 from USD 0.16.
  • Adjusted EBITDA guidance for full-year 2026 now spans USD 840 million to USD 850 million, versus USD 805 million to USD 825 million before. Fourth-quarter guidance is USD 200 million to USD 210 million.
  • The platform counted roughly 189,000 locations at quarter-end, a 21% rise after about 8,500 net additions, and annual Recurring Revenue hit USD 2.5 billion, up 24%.

Recovery Pattern Since the November 3 Report

Toast (NYSE:TOST) traded 3.4% higher at USD 34.66 on Friday, November 13, 2026, per market data, a reading limited to that session. Searches covering November 11 to 13 surfaced no new release, filing, transaction or analyst move. The last major event was the third-quarter report on November 3, after which one published report stated shares finished 5.4% higher at USD 35.35 on November 4. Today's price sits about 2% under that close (calculated), so the advance looks more like a partial rebound than a breakout, though no cause has been confirmed. Working backward from the move, the prior close was about USD 33.52.

Higher Profit and an Upgraded Full-Year Forecast

Revenue climbed about 21% to USD 1.981 billion, gross payment Volume grew 20% to USD 61.8 billion, while Fintech and subscription Gross Profit increased 29% to USD 630 million. Operating Income reached USD 165 million compared with USD 84 million, adjusted EBITDA came in at USD 240 million versus USD 176 million, and free Cash Flow came to USD 181 million. Toast supplies cloud software and payment processing to restaurant operators. Management raised its full-year subscription and fintech gross profit forecast to USD 2.375 billion to USD 2.385 billion, implying 26% growth against an earlier 23% to 25%. Nine-month revenue totalled USD 5.519 billion, nine-month net income was USD 449 million, and Operating Cash Flow was USD 474 million.

A Lower Fourth-Quarter Guide and a Finance Chief Change

The fourth-quarter adjusted EBITDA guidance for Toast (NYSE:TOST) of USD 200 million to USD 210 million falls short of the third quarter's USD 240 million, a sequential decline on the company's own figures. Chief financial officer Elena Gomez departs at the end of 2026, and Michael Senno assumes the role on January 1, 2027. Toast also introduced Toast IQ Team and Toast Fuel and now serves all 10 Canadian provinces. Risks include restaurant spending, competition on payment rates and the cost of a finance Leadership change. Whether the stock responded to any of these items today has not been confirmed. GAAP operating income equalled about 8.3% of revenue (calculated), compared with about 5.1% a year earlier, pointing to better profit conversion.

Where Things Stand

No verified catalyst accounts for the 3.4% advance to USD 34.66. Toast (NYSE:TOST) delivered solid third-quarter numbers on November 3, 2026 and pushed up its full-year EBITDA outlook, so today's rise may be an extension of the recovery. Against that, fourth-quarter EBITDA guidance trails the third quarter, and the CFO role changes at year-end. Next markers are the fourth-quarter report, whose date is not confirmed, and the CFO handover on January 1, 2027.