Is Toast Stock a Buy After a Record 9,500-Restaurant Quarter?

Toast, a digital restaurant platform company listed on the NYSE, reported adding 9,500 new locations during the second quarter of 2026, representing a 22% increase compared to the prior year period and bringing its total customer base to 180,000 locations.
The company demonstrated continued financial momentum with annualized recurring run rate (ARR) growth of 25% on a year-over-year basis during the quarter. ARR has maintained a consistent trajectory, declining gradually from 30% growth in the